NOLIV: what changed
Two fiscal 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.
NOLIV
Largest movements
- Cash -€83,520
down €83,520 (-52.5%), from €159,191 to €75,671
mainly Contributions, distributions and other (-€375,494) and Debts after one year (-€88,756)
- Receivables within one year +€36,064
up €36,064 (+157.3%), from €22,933 to €58,997
of which Trade receivables: +€40,318
- Tangible fixed assets -€16,915
down €16,915 (-5.4%), from €315,587 to €298,673
of which Furniture and vehicles: -€9,067
- Other debts +€272,570
up €272,570 (+1494.9%), from €18,233 to €290,803
- Reserves -€253,731
down €253,731 (-67.6%), from €375,494 to €121,763
- Debts after one year -€88,756
down €88,756 (-100.0%), from €88,756 to €0
- Tax, wage and social debts +€10,927
up €10,927 (+179.8%), from €6,077 to €17,004
of which Taxes: +€10,927
- Current portion of long-term debt -€6,549
down €6,549 (-100.0%), from €6,549 to €0
- Gross operating margin +€49,118
up €49,118 (+37.7%), from €130,404 to €179,523
- Taxes +€12,550
up €12,550 (+54.9%), from €22,865 to €35,416
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.
Cash bridge derived
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 | €501,597 | €434,982 | -€66,615 | -13.3% |
| Fixed assets | 21/28 | €315,587 | €298,673 | -€16,915 | -5.4% |
| Tangible fixed assets | 22/27 | €315,587 | €298,673 | -€16,915 | -5.4% |
| Land and buildings | 22 | €284,014 | €276,166 | -€7,847 | -2.8% |
| Furniture and vehicles | 24 | €31,574 | €22,507 | -€9,067 | -28.7% |
| Current assets | 29/58 | €186,010 | €136,310 | -€49,700 | -26.7% |
| Amounts receivable within one year | 40/41 | €22,933 | €58,997 | +€36,064 | +157.3% |
| Trade receivables | 40 | €18,679 | €58,997 | +€40,318 | +215.8% |
| Other amounts receivable | 41 | €4,254 | €0 | -€4,254 | -100.0% |
| Cash at bank and in hand | 54/58 | €159,191 | €75,671 | -€83,520 | -52.5% |
| Deferred charges and accrued income | 490/1 | €3,886 | €1,641 | -€2,244 | -57.8% |
| Total equity and liabilities | 10/49 | €501,597 | €434,982 | -€66,615 | -13.3% |
| Equity | 10/15 | €378,494 | €124,763 | -€253,731 | -67.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €375,494 | €121,763 | -€253,731 | -67.6% |
| Distributable reserves | 133 | €375,494 | €121,763 | -€253,731 | -67.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €123,103 | €310,220 | +€187,117 | +152.0% |
| Amounts payable after more than one year | 17 | €88,756 | €0 | -€88,756 | -100.0% |
| Financial debts | 170/4 | €88,756 | €0 | -€88,756 | -100.0% |
| Amounts payable within one year | 42/48 | €34,347 | €310,220 | +€275,873 | +803.2% |
| Current portion of amounts payable after more than one year | 42 | €6,549 | €0 | -€6,549 | -100.0% |
| Trade debts | 44 | €3,488 | €2,413 | -€1,075 | -30.8% |
| Suppliers | 440/4 | €3,488 | €2,413 | -€1,075 | -30.8% |
| Taxes, remuneration and social security | 45 | €6,077 | €17,004 | +€10,927 | +179.8% |
| Taxes | 450/3 | €4,077 | €15,004 | +€10,927 | +268.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €18,233 | €290,803 | +€272,570 | +1494.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,915 | €16,915 | = | 0.0% |
| Other operating charges | 640/8 | €1,158 | €1,233 | +€75 | +6.5% |
| Gross operating margin | 9900 | €130,404 | €179,523 | +€49,118 | +37.7% |
| Operating profit (loss) | 9901 | €112,332 | €161,375 | +€49,043 | +43.7% |
| Financial income | 75/76B | €467 | €765 | +€297 | +63.7% |
| Recurring financial income | 75 | €467 | €765 | +€297 | +63.7% |
| Financial charges | 65/66B | €3,708 | €4,961 | +€1,253 | +33.8% |
| Recurring financial charges | 65 | €3,708 | €4,961 | +€1,253 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €109,091 | €157,179 | +€48,088 | +44.1% |
| Income taxes | 67/77 | €22,865 | €35,416 | +€12,550 | +54.9% |
| Profit (loss) for the period | 9904 | €86,226 | €121,763 | +€35,537 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,226 | €121,763 | +€35,537 | +41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.