Nolens Projects: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Nolens Projects
Largest movements
- Tangible fixed assets +€107,819
up €107,819 (+68.6%), from €157,140 to €264,959
of which Plant, machinery and equipment: +€124,157
- Cash +€41,344
up €41,344 (+300.2%), from €13,772 to €55,116
mainly Other debts (+€177,088) and Depreciation (+€54,450)
- Receivables within one year -€39,510
down €39,510 (-76.1%), from €51,918 to €12,409
of which Trade receivables: -€24,944
- Other debts +€177,088
up €177,088 (+566.6%), from €31,255 to €208,343
- Trade debts -€111,913
down €111,913 (-96.4%), from €116,035 to €4,122
- Debts after one year +€21,606
up €21,606 (+56.9%), from €37,998 to €59,604
- Current portion of long-term debt +€10,108
up €10,108 (+74.1%), from €13,637 to €23,745
- Profit (loss) carried forward +€8,943
up €8,943 (+56.7%), from €15,770 to €24,713
- Depreciation +€29,329
up €29,329 (+116.8%), from €25,121 to €54,450
- Gross operating margin +€21,880
up €21,880 (+44.0%), from €49,764 to €71,643
- Taxes -€3,017
down €3,017 (-60.8%), from €4,964 to €1,948
- Financial charges +€1,891
up €1,891 (+73.8%), from €2,562 to €4,453
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,696 | €334,415 | +€109,719 | +48.8% |
| Fixed assets | 21/28 | €157,140 | €264,959 | +€107,819 | +68.6% |
| Tangible fixed assets | 22/27 | €157,140 | €264,959 | +€107,819 | +68.6% |
| Plant, machinery and equipment | 23 | €62,451 | €186,608 | +€124,157 | +198.8% |
| Furniture and vehicles | 24 | €94,690 | €78,352 | -€16,338 | -17.3% |
| Current assets | 29/58 | €67,556 | €69,456 | +€1,900 | +2.8% |
| Amounts receivable within one year | 40/41 | €51,918 | €12,409 | -€39,510 | -76.1% |
| Trade receivables | 40 | €37,352 | €12,409 | -€24,944 | -66.8% |
| Other amounts receivable | 41 | €14,566 | - | -€14,566 | |
| Cash at bank and in hand | 54/58 | €13,772 | €55,116 | +€41,344 | +300.2% |
| Deferred charges and accrued income | 490/1 | €1,866 | €1,931 | +€66 | +3.5% |
| Total equity and liabilities | 10/49 | €224,696 | €334,415 | +€109,719 | +48.8% |
| Equity | 10/15 | €20,770 | €29,713 | +€8,943 | +43.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,770 | €24,713 | +€8,943 | +56.7% |
| Amounts payable | 17/49 | €203,926 | €304,702 | +€100,776 | +49.4% |
| Amounts payable after more than one year | 17 | €37,998 | €59,604 | +€21,606 | +56.9% |
| Financial debts | 170/4 | €37,998 | €59,604 | +€21,606 | +56.9% |
| Amounts payable within one year | 42/48 | €165,927 | €245,097 | +€79,170 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €13,637 | €23,745 | +€10,108 | +74.1% |
| Trade debts | 44 | €116,035 | €4,122 | -€111,913 | -96.4% |
| Suppliers | 440/4 | €116,035 | €4,122 | -€111,913 | -96.4% |
| Taxes, remuneration and social security | 45 | €5,000 | €8,887 | +€3,887 | +77.7% |
| Taxes | 450/3 | €5,000 | €8,887 | +€3,887 | +77.7% |
| Other amounts payable | 47/48 | €31,255 | €208,343 | +€177,088 | +566.6% |
| Non-recurring operating income | 76A | - | €28,051 | +€28,051 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,121 | €54,450 | +€29,329 | +116.8% |
| Other operating charges | 640/8 | €1,445 | €1,919 | +€474 | +32.8% |
| Gross operating margin | 9900 | €49,764 | €71,643 | +€21,880 | +44.0% |
| Operating profit (loss) | 9901 | €23,198 | €15,275 | -€7,923 | -34.2% |
| Financial income | 75/76B | €17 | €69 | +€53 | +318.4% |
| Recurring financial income | 75 | €17 | €69 | +€53 | +318.4% |
| Financial charges | 65/66B | €2,562 | €4,453 | +€1,891 | +73.8% |
| Recurring financial charges | 65 | €2,562 | €4,453 | +€1,891 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €20,652 | €10,891 | -€9,762 | -47.3% |
| Income taxes | 67/77 | €4,964 | €1,948 | -€3,017 | -60.8% |
| Profit (loss) for the period | 9904 | €15,688 | €8,943 | -€6,745 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,688 | €8,943 | -€6,745 | -43.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.