NOMACON: 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.
NOMACON
Largest movements
- Tangible fixed assets +€606,587
up €606,587 (+13731.1%), from €4,418 to €611,005
of which Leasing and similar rights: +€608,023
- Cash -€103,476
down €103,476 (-73.0%), from €141,698 to €38,222
mainly Investment in fixed assets (net) (-€704,569) and Contributions, distributions and other (-€140,000)
- Debts after one year +€542,072
up €542,072 (+974.8%), from €55,607 to €597,679
- Other debts -€82,997
down €82,997 (-95.6%), from €86,859 to €3,862
- Current portion of long-term debt +€32,889
up €32,889 (+362.7%), from €9,067 to €41,956
- Financial income -€156,168
down €156,168 (-50.8%), from €307,351 to €151,183
- Depreciation +€95,573
up €95,573 (+3966.5%), from €2,410 to €97,982
- Taxes -€23,413
down €23,413 (-96.9%), from €24,171 to €758
- Gross operating margin +€15,520
up €15,520 (+16.0%), from €96,893 to €112,413
- Financial charges +€9,170
up €9,170 (+227.5%), from €4,030 to €13,200
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 | €591,641 | €1,095,695 | +€504,054 | +85.2% |
| Fixed assets | 21/28 | €406,918 | €1,013,505 | +€606,587 | +149.1% |
| Tangible fixed assets | 22/27 | €4,418 | €611,005 | +€606,587 | +13731.1% |
| Furniture and vehicles | 24 | €803 | €138 | -€665 | -82.8% |
| Leasing and similar rights | 25 | - | €608,023 | +€608,023 | |
| Other tangible fixed assets | 26 | €3,614 | €2,843 | -€771 | -21.3% |
| Financial fixed assets | 28 | €402,500 | €402,500 | = | 0.0% |
| Current assets | 29/58 | €184,724 | €82,191 | -€102,533 | -55.5% |
| Amounts receivable within one year | 40/41 | €42,455 | €42,144 | -€311 | -0.7% |
| Trade receivables | 40 | €16,429 | - | -€16,429 | |
| Other amounts receivable | 41 | €26,026 | €42,144 | +€16,118 | +61.9% |
| Cash at bank and in hand | 54/58 | €141,698 | €38,222 | -€103,476 | -73.0% |
| Deferred charges and accrued income | 490/1 | €571 | €1,825 | +€1,254 | +219.8% |
| Total equity and liabilities | 10/49 | €591,641 | €1,095,695 | +€504,054 | +85.2% |
| Equity | 10/15 | €425,444 | €432,847 | +€7,403 | +1.7% |
| Reserves | 13 | €425,444 | €432,847 | +€7,403 | +1.7% |
| Distributable reserves | 133 | €425,444 | €432,847 | +€7,403 | +1.7% |
| Amounts payable | 17/49 | €166,197 | €662,849 | +€496,652 | +298.8% |
| Amounts payable after more than one year | 17 | €55,607 | €597,679 | +€542,072 | +974.8% |
| Financial debts | 170/4 | €55,607 | €597,679 | +€542,072 | +974.8% |
| Amounts payable within one year | 42/48 | €109,230 | €63,810 | -€45,420 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €9,067 | €41,956 | +€32,889 | +362.7% |
| Trade debts | 44 | €493 | €6,125 | +€5,633 | +1143.6% |
| Suppliers | 440/4 | €493 | €6,125 | +€5,633 | +1143.6% |
| Taxes, remuneration and social security | 45 | €12,811 | €11,866 | -€945 | -7.4% |
| Taxes | 450/3 | €12,811 | €11,866 | -€945 | -7.4% |
| Other amounts payable | 47/48 | €86,859 | €3,862 | -€82,997 | -95.6% |
| Accrued charges and deferred income | 492/3 | €1,360 | €1,360 | = | 0.0% |
| Non-recurring operating income | 76A | €9,917 | - | -€9,917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,410 | €97,982 | +€95,573 | +3966.5% |
| Other operating charges | 640/8 | €1,504 | €4,253 | +€2,749 | +182.8% |
| Gross operating margin | 9900 | €96,893 | €112,413 | +€15,520 | +16.0% |
| Operating profit (loss) | 9901 | €92,980 | €10,178 | -€82,802 | -89.1% |
| Financial income | 75/76B | €307,351 | €151,183 | -€156,168 | -50.8% |
| Recurring financial income | 75 | €307,351 | €151,183 | -€156,168 | -50.8% |
| Financial charges | 65/66B | €4,030 | €13,200 | +€9,170 | +227.5% |
| Recurring financial charges | 65 | €4,030 | €13,200 | +€9,170 | +227.5% |
| Profit (loss) for the period before taxes | 9903 | €396,301 | €148,161 | -€248,140 | -62.6% |
| Income taxes | 67/77 | €24,171 | €758 | -€23,413 | -96.9% |
| Profit (loss) for the period | 9904 | €372,130 | €147,403 | -€224,727 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €372,130 | €147,403 | -€224,727 | -60.4% |
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 11 October 2026 via checked.be.