NOLODEV: 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.
NOLODEV
Largest movements
- Cash +€52,250
up €52,250 (+37.5%), from €139,497 to €191,747
mainly Net result for the year (+€64,179) and Depreciation (+€4,291)
- Receivables within one year +€16,004
up €16,004 (+119%), from €13,465 to €29,469
of which Trade receivables: +€12,800
- Tangible fixed assets -€4,291
down €4,291 (-40.6%), from €10,575 to €6,284
of which Plant, machinery and equipment: -€3,771
- Reserves +€64,179
up €64,179 (+53.4%), from €120,291 to €184,470
- Gross operating margin -€71,655
down €71,655 (-45.5%), from €157,581 to €85,926
- Taxes -€17,302
down €17,302 (-51.1%), from €33,869 to €16,566
- Depreciation +€1,993
up €1,993 (+86.7%), from €2,298 to €4,291
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 | €163,537 | €227,716 | +€64,178 | +39.2% |
| Fixed assets | 21/28 | €10,575 | €6,284 | -€4,291 | -40.6% |
| Tangible fixed assets | 22/27 | €10,575 | €6,284 | -€4,291 | -40.6% |
| Plant, machinery and equipment | 23 | €9,456 | €5,685 | -€3,771 | -39.9% |
| Furniture and vehicles | 24 | €1,119 | €600 | -€520 | -46.4% |
| Current assets | 29/58 | €152,962 | €221,431 | +€68,470 | +44.8% |
| Amounts receivable within one year | 40/41 | €13,465 | €29,469 | +€16,004 | +119% |
| Trade receivables | 40 | €12,800 | €25,600 | +€12,800 | +100% |
| Other amounts receivable | 41 | €665 | €3,869 | +€3,204 | +482% |
| Cash at bank and in hand | 54/58 | €139,497 | €191,747 | +€52,250 | +37.5% |
| Deferred charges and accrued income | 490/1 | - | €215 | +€215 | |
| Total equity and liabilities | 10/49 | €163,537 | €227,716 | +€64,178 | +39.2% |
| Equity | 10/15 | €125,291 | €189,470 | +€64,179 | +51.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €120,291 | €184,470 | +€64,179 | +53.4% |
| Distributable reserves | 133 | €120,291 | €184,470 | +€64,179 | +53.4% |
| Amounts payable | 17/49 | €38,246 | €38,246 | -€1 | 0.0% |
| Amounts payable within one year | 42/48 | €38,246 | €38,246 | -€1 | 0.0% |
| Trade debts | 44 | €174 | €1,810 | +€1,637 | +943% |
| Suppliers | 440/4 | €174 | €1,810 | +€1,637 | +943% |
| Taxes, remuneration and social security | 45 | €34,901 | €34,901 | = | 0.0% |
| Taxes | 450/3 | €34,901 | €34,901 | = | 0.0% |
| Other amounts payable | 47/48 | €3,172 | €1,535 | -€1,637 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,298 | €4,291 | +€1,993 | +86.7% |
| Other operating charges | 640/8 | €919 | €658 | -€260 | -28.3% |
| Gross operating margin | 9900 | €157,581 | €85,926 | -€71,655 | -45.5% |
| Operating profit (loss) | 9901 | €154,364 | €80,976 | -€73,388 | -47.5% |
| Financial income | 75/76B | €113 | - | -€113 | |
| Recurring financial income | 75 | €113 | - | -€113 | |
| Financial charges | 65/66B | €318 | €231 | -€87 | -27.3% |
| Recurring financial charges | 65 | €318 | €231 | -€87 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €154,159 | €80,745 | -€73,414 | -47.6% |
| Income taxes | 67/77 | €33,869 | €16,566 | -€17,302 | -51.1% |
| Profit (loss) for the period | 9904 | €120,291 | €64,179 | -€56,112 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,291 | €64,179 | -€56,112 | -46.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.