NoMaNoSe: 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.
NoMaNoSe
Largest movements
- Current investments +€668,624
up €668,624 (+51.7%), from €1.3m to €2.0m
- Cash -€251,805
down €251,805 (-76.5%), from €329,159 to €77,353
mainly Current investments (-€668,624) and Contributions, distributions and other (-€146,635)
- Receivables within one year +€68,823
up €68,823 (+148%), from €46,579 to €115,403
of which Other amounts receivable: +€103,823
- Reserves +€452,301
up €452,301 (+20.3%), from €2.2m to €2.7m
- Gross operating margin +€86,175
up €86,175 (+11.1%), from €774,629 to €860,804
- Taxes +€41,831
up €41,831 (+16.7%), from €249,900 to €291,732
- Financial income +€18,083
up €18,083 (+29.1%), from €62,117 to €80,200
- Other operating charges +€13,885
up €13,885 (+196%), from €7,089 to €20,974
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 | €2,277,482 | €2,736,727 | +€459,245 | +20.2% |
| Fixed assets | 21/28 | €333,012 | €308,611 | -€24,402 | -7.3% |
| Tangible fixed assets | 22/27 | €328,408 | €304,007 | -€24,402 | -7.4% |
| Land and buildings | 22 | €306,181 | €296,093 | -€10,088 | -3.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €22,227 | €3,113 | -€19,114 | -86.0% |
| Other tangible fixed assets | 26 | - | €4,800 | +€4,800 | |
| Financial fixed assets | 28 | €4,604 | €4,604 | = | 0.0% |
| Current assets | 29/58 | €1,944,470 | €2,428,116 | +€483,646 | +24.9% |
| Amounts receivable after more than one year | 29 | €260,000 | €260,000 | = | 0.0% |
| Other amounts receivable | 291 | €260,000 | €260,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,579 | €115,403 | +€68,823 | +148% |
| Trade receivables | 40 | €35,000 | €0 | -€35,000 | -100% |
| Other amounts receivable | 41 | €11,579 | €115,403 | +€103,823 | +897% |
| Current investments | 50/53 | €1,294,025 | €1,962,649 | +€668,624 | +51.7% |
| Cash at bank and in hand | 54/58 | €329,159 | €77,353 | -€251,805 | -76.5% |
| Deferred charges and accrued income | 490/1 | €14,706 | €12,711 | -€1,996 | -13.6% |
| Total equity and liabilities | 10/49 | €2,277,482 | €2,736,727 | +€459,245 | +20.2% |
| Equity | 10/15 | €2,240,438 | €2,692,738 | +€452,301 | +20.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,228,038 | €2,680,338 | +€452,301 | +20.3% |
| Distributable reserves | 133 | €2,228,038 | €2,680,338 | +€452,301 | +20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,044 | €43,988 | +€6,944 | +18.7% |
| Amounts payable within one year | 42/48 | €37,044 | €43,738 | +€6,694 | +18.1% |
| Trade debts | 44 | €8,077 | €13,739 | +€5,662 | +70.1% |
| Suppliers | 440/4 | €8,077 | €13,739 | +€5,662 | +70.1% |
| Taxes, remuneration and social security | 45 | €28,967 | €29,999 | +€1,032 | +3.6% |
| Taxes | 450/3 | €28,967 | €22,999 | -€5,968 | -20.6% |
| Remuneration and social security | 454/9 | €0 | €7,000 | +€7,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,326 | €29,202 | -€125 | -0.4% |
| Other operating charges | 640/8 | €7,089 | €20,974 | +€13,885 | +196% |
| Gross operating margin | 9900 | €774,629 | €860,804 | +€86,175 | +11.1% |
| Operating profit (loss) | 9901 | €738,213 | €810,629 | +€72,415 | +9.8% |
| Financial income | 75/76B | €62,117 | €80,200 | +€18,083 | +29.1% |
| Recurring financial income | 75 | €62,117 | €80,200 | +€18,083 | +29.1% |
| Financial charges | 65/66B | €159 | €161 | +€1 | +0.9% |
| Recurring financial charges | 65 | €159 | €161 | +€1 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €800,171 | €890,667 | +€90,496 | +11.3% |
| Income taxes | 67/77 | €249,900 | €291,732 | +€41,831 | +16.7% |
| Profit (loss) for the period | 9904 | €550,271 | €598,936 | +€48,665 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €550,271 | €598,936 | +€48,665 | +8.8% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.