NOLS MARC: 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.
NOLS MARC
Largest movements
- Cash +€55,456
up €55,456 (+15.1%), from €366,609 to €422,065
mainly Trade debts (+€84,816) and Net result for the year (+€37,654)
- Receivables within one year +€42,847
up €42,847 (+15.4%), from €277,465 to €320,312
of which Trade receivables: +€39,507
- Trade debts +€84,816
up €84,816 (+120.2%), from €70,565 to €155,380
- Reserves +€37,654
up €37,654 (+27.7%), from €135,857 to €173,512
- Other debts -€14,753
down €14,753 (-22.8%), from €64,816 to €50,063
- Debts after one year -€11,720
down €11,720 (-40.2%), from €29,135 to €17,416
- Tax, wage and social debts -€9,838
down €9,838 (-32.7%), from €30,048 to €20,210
of which Taxes: -€12,540
- Staff costs +€28,794
up €28,794 (+21.8%), from €131,915 to €160,710
- Taxes -€7,910
down €7,910 (-29.0%), from €27,233 to €19,323
- Gross operating margin -€5,588
down €5,588 (-1.8%), from €306,477 to €300,889
- Write-downs +€4,502
up €4,502, from -€1,874 to €2,628
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 | €851,513 | €945,897 | +€94,384 | +11.1% |
| Fixed assets | 21/28 | €149,617 | €142,255 | -€7,363 | -4.9% |
| Tangible fixed assets | 22/27 | €149,567 | €142,205 | -€7,363 | -4.9% |
| Plant, machinery and equipment | 23 | €98,610 | €105,668 | +€7,058 | +7.2% |
| Furniture and vehicles | 24 | €50,957 | €36,536 | -€14,421 | -28.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €701,896 | €803,643 | +€101,747 | +14.5% |
| Stocks and contracts in progress | 3 | €50,048 | €54,293 | +€4,245 | +8.5% |
| Stocks | 30/36 | €50,048 | €54,293 | +€4,245 | +8.5% |
| Amounts receivable within one year | 40/41 | €277,465 | €320,312 | +€42,847 | +15.4% |
| Trade receivables | 40 | €277,141 | €316,648 | +€39,507 | +14.3% |
| Other amounts receivable | 41 | €324 | €3,664 | +€3,340 | +1032.0% |
| Cash at bank and in hand | 54/58 | €366,609 | €422,065 | +€55,456 | +15.1% |
| Deferred charges and accrued income | 490/1 | €7,773 | €6,972 | -€801 | -10.3% |
| Total equity and liabilities | 10/49 | €851,513 | €945,897 | +€94,384 | +11.1% |
| Equity | 10/15 | €147,249 | €184,904 | +€37,654 | +25.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €135,857 | €173,512 | +€37,654 | +27.7% |
| Distributable reserves | 133 | €135,857 | €173,512 | +€37,654 | +27.7% |
| Profit (loss) carried forward | 14 | €4,892 | €4,892 | = | 0.0% |
| Provisions and deferred taxes | 16 | €490,786 | €498,749 | +€7,963 | +1.6% |
| Provisions for liabilities and charges | 160/5 | €490,786 | €498,749 | +€7,963 | +1.6% |
| Other liabilities and charges | 164/5 | €490,786 | €498,749 | +€7,963 | +1.6% |
| Amounts payable | 17/49 | €213,478 | €262,245 | +€48,767 | +22.8% |
| Amounts payable after more than one year | 17 | €29,135 | €17,416 | -€11,720 | -40.2% |
| Financial debts | 170/4 | €29,135 | €17,416 | -€11,720 | -40.2% |
| Amounts payable within one year | 42/48 | €181,770 | €242,415 | +€60,645 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €16,342 | €16,762 | +€420 | +2.6% |
| Trade debts | 44 | €70,565 | €155,380 | +€84,816 | +120.2% |
| Suppliers | 440/4 | €70,565 | €155,380 | +€84,816 | +120.2% |
| Taxes, remuneration and social security | 45 | €30,048 | €20,210 | -€9,838 | -32.7% |
| Taxes | 450/3 | €20,030 | €7,490 | -€12,540 | -62.6% |
| Remuneration and social security | 454/9 | €10,018 | €12,720 | +€2,703 | +27.0% |
| Other amounts payable | 47/48 | €64,816 | €50,063 | -€14,753 | -22.8% |
| Accrued charges and deferred income | 492/3 | €2,572 | €2,414 | -€158 | -6.1% |
| Non-recurring operating income | 76A | €3,575 | €3,293 | -€282 | -7.9% |
| Remuneration, social security and pensions | 62 | €131,915 | €160,710 | +€28,794 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,922 | €33,004 | +€2,082 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,874 | €2,628 | +€4,502 | |
| Other operating charges | 640/8 | €11,152 | €10,012 | -€1,140 | -10.2% |
| Non-recurring operating charges | 66A | €16,109 | €15,944 | -€166 | -1.0% |
| Gross operating margin | 9900 | €306,477 | €300,889 | -€5,588 | -1.8% |
| Operating profit (loss) | 9901 | €118,252 | €78,591 | -€39,661 | -33.5% |
| Financial income | 75/76B | €415 | €2,419 | +€2,005 | +483.3% |
| Recurring financial income | 75 | €415 | €2,419 | +€2,005 | +483.3% |
| Financial charges | 65/66B | €23,462 | €24,033 | +€571 | +2.4% |
| Recurring financial charges | 65 | €23,462 | €24,033 | +€571 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €95,205 | €56,977 | -€38,228 | -40.2% |
| Income taxes | 67/77 | €27,233 | €19,323 | -€7,910 | -29.0% |
| Profit (loss) for the period | 9904 | €67,972 | €37,654 | -€30,318 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,972 | €37,654 | -€30,318 | -44.6% |
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 8 October 2026 via checked.be.