NOLO: 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.
NOLO
Largest movements
- Receivables within one year +€49,111
up €49,111 (+377%), from €13,025 to €62,135
of which Trade receivables: +€45,295
- Cash -€7,202
down €7,202 (-58.2%), from €12,384 to €5,183
mainly Receivables within one year (-€49,111) and Debts after one year (-€17,532)
- Tangible fixed assets +€5,149
up €5,149 (+1.6%), from €319,448 to €324,597
of which Assets under construction and advance payments: +€6,501
- Reserves +€55,956
up €55,956 (+106%), from €52,866 to €108,822
- Debts after one year -€17,532
down €17,532 (-7.4%), from €236,320 to €218,788
- Tax, wage and social debts +€12,742
up €12,742 (+229%), from €5,574 to €18,316
of which Taxes: +€12,166
- Gross operating margin +€29,015
up €29,015 (+60.9%), from €47,645 to €76,661
- Taxes +€5,768
up €5,768 (+68.1%), from €8,473 to €14,240
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 | €345,441 | €394,864 | +€49,423 | +14.3% |
| Fixed assets | 21/28 | €319,448 | €324,597 | +€5,149 | +1.6% |
| Tangible fixed assets | 22/27 | €319,448 | €324,597 | +€5,149 | +1.6% |
| Land and buildings | 22 | €305,805 | €305,805 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,640 | €3,287 | -€1,353 | -29.2% |
| Assets under construction and advance payments | 27 | €9,003 | €15,504 | +€6,501 | +72.2% |
| Current assets | 29/58 | €25,993 | €70,267 | +€44,274 | +170% |
| Amounts receivable within one year | 40/41 | €13,025 | €62,135 | +€49,111 | +377% |
| Trade receivables | 40 | €9,155 | €54,450 | +€45,295 | +495% |
| Other amounts receivable | 41 | €3,869 | €7,685 | +€3,816 | +98.6% |
| Cash at bank and in hand | 54/58 | €12,384 | €5,183 | -€7,202 | -58.2% |
| Deferred charges and accrued income | 490/1 | €584 | €2,949 | +€2,365 | +405% |
| Total equity and liabilities | 10/49 | €345,441 | €394,864 | +€49,423 | +14.3% |
| Equity | 10/15 | €72,866 | €128,822 | +€55,956 | +76.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,866 | €108,822 | +€55,956 | +106% |
| Distributable reserves | 133 | €52,866 | €108,822 | +€55,956 | +106% |
| Amounts payable | 17/49 | €272,575 | €266,042 | -€6,533 | -2.4% |
| Amounts payable after more than one year | 17 | €236,320 | €218,788 | -€17,532 | -7.4% |
| Financial debts | 170/4 | €236,320 | €218,788 | -€17,532 | -7.4% |
| Amounts payable within one year | 42/48 | €36,255 | €47,254 | +€10,999 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €18,908 | €17,532 | -€1,376 | -7.3% |
| Financial debts | 43 | €8,361 | €8,356 | -€5 | -0.1% |
| Credit institutions | 430/8 | €8,361 | €8,356 | -€5 | -0.1% |
| Trade debts | 44 | €3,412 | €2,871 | -€541 | -15.9% |
| Suppliers | 440/4 | €3,412 | €2,871 | -€541 | -15.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,574 | €18,316 | +€12,742 | +229% |
| Taxes | 450/3 | €3,647 | €15,813 | +€12,166 | +334% |
| Remuneration and social security | 454/9 | €1,926 | €2,503 | +€577 | +29.9% |
| Other amounts payable | 47/48 | €0 | €178 | +€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,647 | €1,851 | +€204 | +12.4% |
| Other operating charges | 640/8 | €813 | €1,317 | +€504 | +62.0% |
| Gross operating margin | 9900 | €47,645 | €76,661 | +€29,015 | +60.9% |
| Operating profit (loss) | 9901 | €45,185 | €73,492 | +€28,308 | +62.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,976 | €3,296 | -€680 | -17.1% |
| Recurring financial charges | 65 | €3,976 | €3,296 | -€680 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €41,208 | €70,196 | +€28,988 | +70.3% |
| Income taxes | 67/77 | €8,473 | €14,240 | +€5,768 | +68.1% |
| Profit (loss) for the period | 9904 | €32,736 | €55,956 | +€23,220 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,736 | €55,956 | +€23,220 | +70.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.