NOLIMAX: 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.
NOLIMAX
Largest movements
- Cash +€133,808
up €133,808 (+601%), from €22,270 to €156,078
mainly Trade debts (+€69,500) and Stocks and contracts (+€35,327)
- Stocks and contracts -€35,327
down €35,327 (-18.3%), from €192,897 to €157,570
- Tangible fixed assets -€12,727
down €12,727 (-22.2%), from €57,355 to €44,628
of which Furniture and vehicles: -€9,080
- Receivables within one year +€8,399
up €8,399 (+14.8%), from €56,651 to €65,050
of which Other amounts receivable: +€18,955
- Trade debts +€69,500
up €69,500 (+87.6%), from €79,352 to €148,852
- Other debts +€25,000
new in 2025: €25,000
- Tax, wage and social debts +€17,058
up €17,058 (+74.1%), from €23,014 to €40,072
of which Taxes: +€12,533
- Reserves -€14,000
down €14,000 (-6.8%), from €207,360 to €193,360
- Other operating charges +€5,271
up €5,271 (+783%), from €673 to €5,944
- Staff costs +€4,730
up €4,730 (+4.0%), from €119,667 to €124,397
- Gross operating margin +€2,030
up €2,030 (+1.3%), from €157,746 to €159,776
- Taxes -€1,912
down €1,912 (-24.0%), from €7,963 to €6,051
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 | €329,223 | €426,925 | +€97,702 | +29.7% |
| Fixed assets | 21/28 | €57,355 | €44,628 | -€12,727 | -22.2% |
| Tangible fixed assets | 22/27 | €57,355 | €44,628 | -€12,727 | -22.2% |
| Plant, machinery and equipment | 23 | €1,337 | €1,054 | -€283 | -21.2% |
| Furniture and vehicles | 24 | €38,742 | €29,662 | -€9,080 | -23.4% |
| Other tangible fixed assets | 26 | €17,276 | €13,912 | -€3,364 | -19.5% |
| Current assets | 29/58 | €271,868 | €382,297 | +€110,429 | +40.6% |
| Stocks and contracts in progress | 3 | €192,897 | €157,570 | -€35,327 | -18.3% |
| Stocks | 30/36 | €192,897 | €157,570 | -€35,327 | -18.3% |
| Amounts receivable within one year | 40/41 | €56,651 | €65,050 | +€8,399 | +14.8% |
| Trade receivables | 40 | €54,614 | €44,058 | -€10,556 | -19.3% |
| Other amounts receivable | 41 | €2,037 | €20,992 | +€18,955 | +931% |
| Cash at bank and in hand | 54/58 | €22,270 | €156,078 | +€133,808 | +601% |
| Deferred charges and accrued income | 490/1 | €50 | €3,599 | +€3,549 | +7,098% |
| Total equity and liabilities | 10/49 | €329,223 | €426,925 | +€97,702 | +29.7% |
| Equity | 10/15 | €226,848 | €213,001 | -€13,847 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,360 | €193,360 | -€14,000 | -6.8% |
| Distributable reserves | 133 | €207,360 | €193,360 | -€14,000 | -6.8% |
| Profit (loss) carried forward | 14 | €888 | €1,041 | +€153 | +17.2% |
| Amounts payable | 17/49 | €102,375 | €213,924 | +€111,549 | +109% |
| Amounts payable within one year | 42/48 | €102,366 | €213,924 | +€111,558 | +109% |
| Trade debts | 44 | €79,352 | €148,852 | +€69,500 | +87.6% |
| Suppliers | 440/4 | €79,352 | €148,852 | +€69,500 | +87.6% |
| Taxes, remuneration and social security | 45 | €23,014 | €40,072 | +€17,058 | +74.1% |
| Taxes | 450/3 | €10,702 | €23,235 | +€12,533 | +117% |
| Remuneration and social security | 454/9 | €12,312 | €16,837 | +€4,525 | +36.8% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €9 | - | -€9 | |
| Remuneration, social security and pensions | 62 | €119,667 | €124,397 | +€4,730 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,241 | €12,727 | +€486 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €560 | - | -€560 | |
| Other operating charges | 640/8 | €673 | €5,944 | +€5,271 | +783% |
| Gross operating margin | 9900 | €157,746 | €159,776 | +€2,030 | +1.3% |
| Operating profit (loss) | 9901 | €24,605 | €16,708 | -€7,897 | -32.1% |
| Financial income | 75/76B | €1,021 | €2,076 | +€1,055 | +103% |
| Recurring financial income | 75 | €1,021 | €2,076 | +€1,055 | +103% |
| Financial charges | 65/66B | €1,643 | €1,580 | -€63 | -3.8% |
| Recurring financial charges | 65 | €1,643 | €1,580 | -€63 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €23,983 | €17,204 | -€6,779 | -28.3% |
| Income taxes | 67/77 | €7,963 | €6,051 | -€1,912 | -24.0% |
| Profit (loss) for the period | 9904 | €16,020 | €11,153 | -€4,867 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,020 | €11,153 | -€4,867 | -30.4% |
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 20 October 2026 via checked.be.