NOLIAS: 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.
NOLIAS
Largest movements
- Cash -€53,876
down €53,876 (-43.0%), from €125,378 to €71,502
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€63,168)
- Tangible fixed assets +€39,697
up €39,697 (+7.2%), from €548,370 to €588,067
- Receivables within one year -€21,789
down €21,789 (-31.7%), from €68,785 to €46,995
of which Other amounts receivable: -€26,301
- Receivables after one year +€17,000
up €17,000 (+20.5%), from €83,000 to €100,000
- Trade debts -€41,649
down €41,649 (-91.7%), from €45,401 to €3,751
- Tax, wage and social debts +€38,879
up €38,879 (+133%), from €29,210 to €68,089
of which Taxes: +€33,743
- Debts after one year -€29,931
down €29,931 (-7.8%), from €383,915 to €353,984
- Reserves +€27,773
up €27,773 (+9.3%), from €299,916 to €327,690
- Other debts -€17,800
down €17,800 (-67.7%), from €26,301 to €8,500
- Depreciation -€25,350
down €25,350 (-51.9%), from €48,821 to €23,471
- Gross operating margin -€20,302
down €20,302 (-9.5%), from €213,831 to €193,529
- Taxes +€5,048
up €5,048 (+13.5%), from €37,401 to €42,449
- Financial income +€3,798
up €3,798 (+101%), from €3,771 to €7,569
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 | €833,077 | €813,604 | -€19,473 | -2.3% |
| Fixed assets | 21/28 | €548,370 | €588,067 | +€39,697 | +7.2% |
| Tangible fixed assets | 22/27 | €548,370 | €588,067 | +€39,697 | +7.2% |
| Land and buildings | 22 | €536,638 | €552,021 | +€15,383 | +2.9% |
| Plant, machinery and equipment | 23 | €2,001 | €9,241 | +€7,239 | +362% |
| Furniture and vehicles | 24 | €2,246 | €5,858 | +€3,611 | +161% |
| Other tangible fixed assets | 26 | €7,485 | €20,948 | +€13,463 | +180% |
| Current assets | 29/58 | €284,706 | €225,537 | -€59,170 | -20.8% |
| Amounts receivable after more than one year | 29 | €83,000 | €100,000 | +€17,000 | +20.5% |
| Other amounts receivable | 291 | €83,000 | €100,000 | +€17,000 | +20.5% |
| Amounts receivable within one year | 40/41 | €68,785 | €46,995 | -€21,789 | -31.7% |
| Trade receivables | 40 | €39,686 | €44,198 | +€4,512 | +11.4% |
| Other amounts receivable | 41 | €29,099 | €2,798 | -€26,301 | -90.4% |
| Cash at bank and in hand | 54/58 | €125,378 | €71,502 | -€53,876 | -43.0% |
| Deferred charges and accrued income | 490/1 | €7,544 | €7,039 | -€505 | -6.7% |
| Total equity and liabilities | 10/49 | €833,077 | €813,604 | -€19,473 | -2.3% |
| Equity | 10/15 | €318,516 | €346,290 | +€27,773 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €299,916 | €327,690 | +€27,773 | +9.3% |
| Distributable reserves | 133 | €299,916 | €327,690 | +€27,773 | +9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €514,560 | €467,314 | -€47,246 | -9.2% |
| Amounts payable after more than one year | 17 | €383,915 | €353,984 | -€29,931 | -7.8% |
| Financial debts | 170/4 | €383,915 | €353,984 | -€29,931 | -7.8% |
| Amounts payable within one year | 42/48 | €130,486 | €110,272 | -€20,215 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €29,575 | €29,931 | +€356 | +1.2% |
| Trade debts | 44 | €45,401 | €3,751 | -€41,649 | -91.7% |
| Suppliers | 440/4 | €45,401 | €3,751 | -€41,649 | -91.7% |
| Taxes, remuneration and social security | 45 | €29,210 | €68,089 | +€38,879 | +133% |
| Taxes | 450/3 | €29,210 | €62,953 | +€33,743 | +116% |
| Remuneration and social security | 454/9 | - | €5,136 | +€5,136 | |
| Other amounts payable | 47/48 | €26,301 | €8,500 | -€17,800 | -67.7% |
| Accrued charges and deferred income | 492/3 | €159 | €3,058 | +€2,899 | +1,822% |
| Non-recurring operating income | 76A | €3,365 | €7,011 | +€3,646 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,821 | €23,471 | -€25,350 | -51.9% |
| Other operating charges | 640/8 | €1,613 | €1,629 | +€16 | +1.0% |
| Gross operating margin | 9900 | €213,831 | €193,529 | -€20,302 | -9.5% |
| Operating profit (loss) | 9901 | €163,397 | €168,428 | +€5,031 | +3.1% |
| Financial income | 75/76B | €3,771 | €7,569 | +€3,798 | +101% |
| Recurring financial income | 75 | €3,771 | €7,569 | +€3,798 | +101% |
| Financial charges | 65/66B | €6,167 | €5,775 | -€391 | -6.3% |
| Recurring financial charges | 65 | €6,167 | €5,775 | -€391 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €161,002 | €170,222 | +€9,221 | +5.7% |
| Income taxes | 67/77 | €37,401 | €42,449 | +€5,048 | +13.5% |
| Profit (loss) for the period | 9904 | €123,600 | €127,773 | +€4,173 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,600 | €127,773 | +€4,173 | +3.4% |
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 18 October 2026 via checked.be.