Nolysis: 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.
Nolysis
Largest movements
- Cash +€18,282
up €18,282 (+39.6%), from €46,177 to €64,458
mainly Net result for the year (+€46,441) and Depreciation (+€9,702)
- Receivables within one year +€12,465
up €12,465 (+9.6%), from €129,733 to €142,198
of which Other amounts receivable: +€10,835
- Tangible fixed assets -€4,980
down €4,980 (-37.2%), from €13,375 to €8,394
of which Furniture and vehicles: -€6,862
- Reserves +€48,591
up €48,591 (+37.1%), from €131,119 to €179,710
of which Distributable reserves: +€48,591
- Debts after one year -€19,749
down €19,749 (-46.9%), from €42,102 to €22,352
- Other debts -€4,325
down €4,325 (-10.9%), from €39,752 to €35,427
- Gross operating margin +€33,796
up €33,796 (+70.7%), from €47,823 to €81,619
- Taxes +€7,913
up €7,913 (+60.0%), from €13,185 to €21,098
- Other operating charges +€819
up €819 (+68.6%), from €1,194 to €2,013
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 | €287,693 | €314,445 | +€26,753 | +9.3% |
| Fixed assets | 21/28 | €108,558 | €103,577 | -€4,980 | -4.6% |
| Tangible fixed assets | 22/27 | €13,375 | €8,394 | -€4,980 | -37.2% |
| Plant, machinery and equipment | 23 | €5,353 | €7,235 | +€1,882 | +35.2% |
| Furniture and vehicles | 24 | €8,021 | €1,159 | -€6,862 | -85.6% |
| Financial fixed assets | 28 | €95,183 | €95,183 | = | 0.0% |
| Current assets | 29/58 | €179,135 | €210,868 | +€31,733 | +17.7% |
| Amounts receivable within one year | 40/41 | €129,733 | €142,198 | +€12,465 | +9.6% |
| Trade receivables | 40 | €29,778 | €31,408 | +€1,630 | +5.5% |
| Other amounts receivable | 41 | €99,955 | €110,790 | +€10,835 | +10.8% |
| Cash at bank and in hand | 54/58 | €46,177 | €64,458 | +€18,282 | +39.6% |
| Deferred charges and accrued income | 490/1 | €3,225 | €4,212 | +€986 | +30.6% |
| Total equity and liabilities | 10/49 | €287,693 | €314,445 | +€26,753 | +9.3% |
| Equity | 10/15 | €137,319 | €185,910 | +€48,591 | +35.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,119 | €179,710 | +€48,591 | +37.1% |
| Non-distributable reserves | 130/1 | €93 | €93 | = | 0.0% |
| Reserves not available under the articles | 1311 | €93 | €93 | = | 0.0% |
| Distributable reserves | 133 | €131,026 | €179,616 | +€48,591 | +37.1% |
| Amounts payable | 17/49 | €150,373 | €128,536 | -€21,838 | -14.5% |
| Amounts payable after more than one year | 17 | €42,102 | €22,352 | -€19,749 | -46.9% |
| Financial debts | 170/4 | €42,102 | €22,352 | -€19,749 | -46.9% |
| Amounts payable within one year | 42/48 | €108,272 | €106,183 | -€2,088 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €18,937 | €19,749 | +€812 | +4.3% |
| Trade debts | 44 | €5,271 | €8,137 | +€2,867 | +54.4% |
| Suppliers | 440/4 | €5,271 | €8,137 | +€2,867 | +54.4% |
| Taxes, remuneration and social security | 45 | €44,312 | €42,869 | -€1,443 | -3.3% |
| Taxes | 450/3 | €41,812 | €42,869 | +€1,057 | +2.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €39,752 | €35,427 | -€4,325 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,914 | €9,702 | -€212 | -2.1% |
| Other operating charges | 640/8 | €1,194 | €2,013 | +€819 | +68.6% |
| Gross operating margin | 9900 | €47,823 | €81,619 | +€33,796 | +70.7% |
| Operating profit (loss) | 9901 | €36,715 | €69,903 | +€33,188 | +90.4% |
| Financial charges | 65/66B | €3,139 | €2,364 | -€776 | -24.7% |
| Recurring financial charges | 65 | €3,139 | €2,364 | -€776 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €33,575 | €67,540 | +€33,964 | +101.2% |
| Income taxes | 67/77 | €13,185 | €21,098 | +€7,913 | +60.0% |
| Profit (loss) for the period | 9904 | €20,390 | €46,441 | +€26,051 | +127.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,390 | €46,441 | +€26,051 | +127.8% |
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 6 October 2026 via checked.be.