Nolita: what changed
Nolita
Largest movements
- Receivables within one year +€77,683
up €77,683 (+464%), from €16,739 to €94,422
of which Trade receivables: +€93,922
- Tangible fixed assets +€64,660
up €64,660 (+121%), from €53,550 to €118,210
of which Assets under construction and advance payments: +€60,240
- Cash -€16,263
down €16,263 (-74.8%), from €21,750 to €5,487
mainly Receivables within one year (-€77,683) and Investment in fixed assets (net) (-€69,109)
- Stocks and contracts +€5,165
up €5,165 (+73.6%), from €7,014 to €12,179
of which Contracts in progress: +€5,166
- Other debts +€124,068
up €124,068 (+260%), from €47,653 to €171,721
- Advances received -€10,216
no longer reported in 2025 (was €10,216)
- Trade debts +€7,612
up €7,612 (+1,616%), from €471 to €8,083
- Accrued charges and deferred income +€6,802
up €6,802 (+370%), from €1,838 to €8,640
- Profit (loss) carried forward +€2,619
up €2,619 (+88.8%), from €2,948 to €5,567
- Turnover -€206,407
down €206,407 (-26.6%), from €775,901 to €569,494
- Purchases and services -€193,598
down €193,598 (-25.9%), from €746,572 to €552,974
- Gross operating margin -€12,885
down €12,885 (-43.8%), from €29,405 to €16,520
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,267 | €234,290 | +€131,023 | +127% |
| Fixed assets | 21/28 | €53,550 | €118,210 | +€64,660 | +121% |
| Tangible fixed assets | 22/27 | €53,550 | €118,210 | +€64,660 | +121% |
| Plant, machinery and equipment | 23 | €6,865 | €9,036 | +€2,171 | +31.6% |
| Furniture and vehicles | 24 | €6,441 | €8,690 | +€2,249 | +34.9% |
| Assets under construction and advance payments | 27 | €40,244 | €100,484 | +€60,240 | +150% |
| Current assets | 29/58 | €49,717 | €116,080 | +€66,363 | +133% |
| Stocks and contracts in progress | 3 | €7,014 | €12,179 | +€5,165 | +73.6% |
| Stocks | 30/36 | €7,014 | €7,013 | -€1 | 0.0% |
| Contracts in progress | 37 | - | €5,166 | +€5,166 | |
| Amounts receivable within one year | 40/41 | €16,739 | €94,422 | +€77,683 | +464% |
| Trade receivables | 40 | - | €93,922 | +€93,922 | |
| Other amounts receivable | 41 | €16,739 | €500 | -€16,239 | -97.0% |
| Cash at bank and in hand | 54/58 | €21,750 | €5,487 | -€16,263 | -74.8% |
| Deferred charges and accrued income | 490/1 | €4,214 | €3,992 | -€222 | -5.3% |
| Total equity and liabilities | 10/49 | €103,267 | €234,290 | +€131,023 | +127% |
| Equity | 10/15 | €43,089 | €45,846 | +€2,757 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,541 | €21,679 | +€138 | +0.6% |
| Non-distributable reserves | 130/1 | €491 | €629 | +€138 | +28.1% |
| Reserves not available under the articles | 1311 | €491 | €629 | +€138 | +28.1% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,948 | €5,567 | +€2,619 | +88.8% |
| Amounts payable | 17/49 | €60,178 | €188,444 | +€128,266 | +213% |
| Amounts payable within one year | 42/48 | €58,340 | €179,804 | +€121,464 | +208% |
| Trade debts | 44 | €471 | €8,083 | +€7,612 | +1,616% |
| Suppliers | 440/4 | €471 | €8,083 | +€7,612 | +1,616% |
| Advances received on contracts in progress | 46 | €10,216 | - | -€10,216 | |
| Other amounts payable | 47/48 | €47,653 | €171,721 | +€124,068 | +260% |
| Accrued charges and deferred income | 492/3 | €1,838 | €8,640 | +€6,802 | +370% |
| Turnover | 70 | €775,901 | €569,494 | -€206,407 | -26.6% |
| Non-recurring operating income | 76A | €77 | - | -€77 | |
| Goods, raw materials, services and sundry goods | 60/61 | €746,572 | €552,974 | -€193,598 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,562 | €4,449 | +€1,887 | +73.7% |
| Other operating charges | 640/8 | €1,439 | €1,391 | -€48 | -3.3% |
| Gross operating margin | 9900 | €29,405 | €16,520 | -€12,885 | -43.8% |
| Operating profit (loss) | 9901 | €25,404 | €10,680 | -€14,724 | -58.0% |
| Financial income | 75/76B | €4 | €382 | +€378 | +9,450% |
| Recurring financial income | 75 | €4 | €382 | +€378 | +9,450% |
| Financial charges | 65/66B | €1,974 | €6,954 | +€4,980 | +252% |
| Recurring financial charges | 65 | €1,974 | €6,954 | +€4,980 | +252% |
| Profit (loss) for the period before taxes | 9903 | €23,434 | €4,108 | -€19,326 | -82.5% |
| Income taxes | 67/77 | €5,202 | €1,351 | -€3,851 | -74.0% |
| Profit (loss) for the period | 9904 | €18,232 | €2,757 | -€15,475 | -84.9% |
| Transfer to tax-exempt reserves | 689 | €8,420 | - | -€8,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,812 | €2,757 | -€7,055 | -71.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.