NOLI MANAGEMENT: what changed
Two financial 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.
NOLI MANAGEMENT
Largest movements
- Receivables within one year +€23,872
up €23,872 (+27.3%), from €87,407 to €111,279
of which Other amounts receivable: +€24,272
- Cash -€21,968
down €21,968 (-94.4%), from €23,279 to €1,311
mainly Receivables within one year (-€23,872) and Tax, wage and social debts (-€11,840)
- Deferred charges and accrued income +€6,348
up €6,348 (+2,410%), from €263 to €6,611
- Tangible fixed assets -€1,565
down €1,565 (-8.5%), from €18,417 to €16,852
of which Furniture and vehicles: -€2,604
- Profit (loss) carried forward +€17,140
up €17,140 (+16.9%), from €101,360 to €118,500
- Tax, wage and social debts -€11,840
down €11,840 (-45.5%), from €26,006 to €14,166
- Gross operating margin -€23,544
down €23,544 (-48.6%), from €48,475 to €24,931
- Taxes -€4,577
down €4,577 (-48.8%), from €9,372 to €4,794
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.
Derived cash bridge
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 | €129,367 | €136,053 | +€6,687 | +5.2% |
| Fixed assets | 21/28 | €18,417 | €16,852 | -€1,565 | -8.5% |
| Tangible fixed assets | 22/27 | €18,417 | €16,852 | -€1,565 | -8.5% |
| Land and buildings | 22 | €13,868 | €14,908 | +€1,039 | +7.5% |
| Furniture and vehicles | 24 | €4,549 | €1,944 | -€2,604 | -57.3% |
| Current assets | 29/58 | €110,949 | €119,201 | +€8,252 | +7.4% |
| Amounts receivable within one year | 40/41 | €87,407 | €111,279 | +€23,872 | +27.3% |
| Trade receivables | 40 | €400 | - | -€400 | |
| Other amounts receivable | 41 | €87,007 | €111,279 | +€24,272 | +27.9% |
| Cash at bank and in hand | 54/58 | €23,279 | €1,311 | -€21,968 | -94.4% |
| Deferred charges and accrued income | 490/1 | €263 | €6,611 | +€6,348 | +2,410% |
| Total equity and liabilities | 10/49 | €129,367 | €136,053 | +€6,687 | +5.2% |
| Equity | 10/15 | €103,360 | €120,500 | +€17,140 | +16.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,360 | €118,500 | +€17,140 | +16.9% |
| Amounts payable | 17/49 | €26,006 | €15,553 | -€10,453 | -40.2% |
| Amounts payable within one year | 42/48 | €26,006 | €15,481 | -€10,525 | -40.5% |
| Trade debts | 44 | €0 | €1,316 | +€1,316 | |
| Suppliers | 440/4 | €0 | €1,316 | +€1,316 | |
| Taxes, remuneration and social security | 45 | €26,006 | €14,166 | -€11,840 | -45.5% |
| Taxes | 450/3 | €26,006 | €14,166 | -€11,840 | -45.5% |
| Accrued charges and deferred income | 492/3 | - | €72 | +€72 | |
| Non-recurring operating income | 76A | - | €62 | +€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,031 | €7,050 | +€19 | +0.3% |
| Other operating charges | 640/8 | €1,399 | €1,191 | -€207 | -14.8% |
| Non-recurring operating charges | 66A | - | €45 | +€45 | |
| Gross operating margin | 9900 | €48,475 | €24,931 | -€23,544 | -48.6% |
| Operating profit (loss) | 9901 | €40,045 | €16,645 | -€23,401 | -58.4% |
| Financial income | 75/76B | €4,913 | €5,373 | +€459 | +9.4% |
| Recurring financial income | 75 | €4,913 | €5,373 | +€459 | +9.4% |
| Financial charges | 65/66B | €80 | €83 | +€4 | +4.7% |
| Recurring financial charges | 65 | €80 | €83 | +€4 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €44,879 | €21,934 | -€22,945 | -51.1% |
| Income taxes | 67/77 | €9,372 | €4,794 | -€4,577 | -48.8% |
| Profit (loss) for the period | 9904 | €35,507 | €17,140 | -€18,368 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,507 | €17,140 | -€18,368 | -51.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.