NOLITEL: 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.
NOLITEL
Largest movements
- Receivables within one year +€40,784
up €40,784 (+37.2%), from €109,493 to €150,278
of which Trade receivables: +€23,146
- Tangible fixed assets +€21,370
new in 2024: €21,370
of which Furniture and vehicles: +€17,478
- Cash +€8,360
up €8,360 (+109%), from €7,686 to €16,046
mainly Trade debts (+€127,978) and Depreciation (+€4,859)
- Trade debts +€127,978
up €127,978 (+182%), from €70,244 to €198,222
- Profit (loss) carried forward -€38,678
down €38,678, from €11,316 to -€27,362
- Tax, wage and social debts -€19,898
down €19,898 (-61.0%), from €32,620 to €12,722
of which Taxes: -€21,239
- Staff costs +€36,915
up €36,915 (+333%), from €11,086 to €48,001
- Gross operating margin -€7,730
down €7,730 (-29.1%), from €26,597 to €18,867
- Depreciation +€4,859
new in 2024: €4,859
- Taxes -€3,115
down €3,115 (-91.8%), from €3,395 to €279
- Financial charges +€1,724
up €1,724 (+5,657%), from €30 to €1,754
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,180 | €187,828 | +€70,648 | +60.3% |
| Fixed assets | 21/28 | - | €21,370 | +€21,370 | |
| Tangible fixed assets | 22/27 | - | €21,370 | +€21,370 | |
| Plant, machinery and equipment | 23 | - | €3,892 | +€3,892 | |
| Furniture and vehicles | 24 | - | €17,478 | +€17,478 | |
| Current assets | 29/58 | €117,180 | €166,458 | +€49,278 | +42.1% |
| Amounts receivable within one year | 40/41 | €109,493 | €150,278 | +€40,784 | +37.2% |
| Trade receivables | 40 | €92,114 | €115,260 | +€23,146 | +25.1% |
| Other amounts receivable | 41 | €17,379 | €35,017 | +€17,638 | +101% |
| Cash at bank and in hand | 54/58 | €7,686 | €16,046 | +€8,360 | +109% |
| Deferred charges and accrued income | 490/1 | - | €134 | +€134 | |
| Total equity and liabilities | 10/49 | €117,180 | €187,828 | +€70,648 | +60.3% |
| Equity | 10/15 | €14,316 | -€24,362 | -€38,678 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,316 | -€27,362 | -€38,678 | |
| Amounts payable | 17/49 | €102,864 | €212,190 | +€109,326 | +106% |
| Amounts payable within one year | 42/48 | €102,864 | €210,944 | +€108,080 | +105% |
| Trade debts | 44 | €70,244 | €198,222 | +€127,978 | +182% |
| Suppliers | 440/4 | €70,244 | €198,222 | +€127,978 | +182% |
| Taxes, remuneration and social security | 45 | €32,620 | €12,722 | -€19,898 | -61.0% |
| Taxes | 450/3 | €31,742 | €10,503 | -€21,239 | -66.9% |
| Remuneration and social security | 454/9 | €878 | €2,219 | +€1,341 | +153% |
| Accrued charges and deferred income | 492/3 | - | €1,246 | +€1,246 | |
| Remuneration, social security and pensions | 62 | €11,086 | €48,001 | +€36,915 | +333% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,859 | +€4,859 | |
| Other operating charges | 640/8 | €770 | €1,651 | +€881 | +114% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €26,597 | €18,867 | -€7,730 | -29.1% |
| Operating profit (loss) | 9901 | €14,741 | -€36,645 | -€51,386 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €30 | €1,754 | +€1,724 | +5,657% |
| Recurring financial charges | 65 | €30 | €1,754 | +€1,724 | +5,657% |
| Profit (loss) for the period before taxes | 9903 | €14,710 | -€38,399 | -€53,109 | |
| Income taxes | 67/77 | €3,395 | €279 | -€3,115 | -91.8% |
| Profit (loss) for the period | 9904 | €11,316 | -€38,678 | -€49,994 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,316 | -€38,678 | -€49,994 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.