NOLMAX: 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.
NOLMAX
Largest movements
- Receivables within one year -€714
down €714 (-68.3%), from €1,045 to €331
- Cash -€106
down €106 (-5.5%), from €1,933 to €1,827
mainly Net result for the year (-€820)
- Profit (loss) carried forward -€820
down €820 (-4.6%), from -€17,922 to -€18,742
- Gross operating margin -€469
down €469, from €24 to -€445
- Financial charges -€5
down €5 (-1.3%), from €380 to €375
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 | €2,978 | €2,158 | -€820 | -27.5% |
| Current assets | 29/58 | €2,978 | €2,158 | -€820 | -27.5% |
| Amounts receivable within one year | 40/41 | €1,045 | €331 | -€714 | -68.3% |
| Other amounts receivable | 41 | €1,045 | €331 | -€714 | -68.3% |
| Cash at bank and in hand | 54/58 | €1,933 | €1,827 | -€106 | -5.5% |
| Total equity and liabilities | 10/49 | €2,978 | €2,158 | -€820 | -27.5% |
| Equity | 10/15 | €2,978 | €2,158 | -€820 | -27.5% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,922 | -€18,742 | -€820 | -4.6% |
| Gross operating margin | 9900 | €24 | -€445 | -€469 | |
| Operating profit (loss) | 9901 | €24 | -€445 | -€469 | |
| Financial charges | 65/66B | €380 | €375 | -€5 | -1.3% |
| Recurring financial charges | 65 | €380 | €375 | -€5 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€356 | -€820 | -€464 | -130.3% |
| Profit (loss) for the period | 9904 | -€356 | -€820 | -€464 | -130.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€356 | -€820 | -€464 | -130.3% |
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.