NON SUCH: 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.
NON SUCH
Largest movements
- Receivables after one year -€58,878
down €58,878 (-19.7%), from €298,706 to €239,829
- Tangible fixed assets +€42,716
up €42,716 (+67.9%), from €62,901 to €105,617
of which Plant, machinery and equipment: +€47,530
- Cash -€15,846
down €15,846 (-14.3%), from €111,081 to €95,235
mainly Investment in fixed assets (net) (-€69,314) and Net result for the year (-€53,729)
- Other debts +€80,000
new in 2025: €80,000
- Profit (loss) carried forward -€53,729
new in 2025: -€53,729
- Trade debts -€28,297
down €28,297 (-56.3%), from €50,232 to €21,935
- Accrued charges and deferred income -€16,982
down €16,982 (-85.5%), from €19,867 to €2,885
- Tax, wage and social debts -€13,171
down €13,171 (-17.3%), from €76,334 to €63,163
of which Remuneration and social security: -€8,484
- Staff costs -€108,871
down €108,871 (-19.7%), from €552,787 to €443,915
- Gross operating margin -€90,672
down €90,672 (-17.5%), from €519,071 to €428,399
- Taxes +€20,000
no longer reported in 2025 (was -€20,000)
- Depreciation +€12,434
up €12,434 (+87.8%), from €14,165 to €26,598
- Financial charges +€10,398
up €10,398 (+2416.7%), from €430 to €10,828
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 | €570,207 | €538,027 | -€32,180 | -5.6% |
| Fixed assets | 21/28 | €97,592 | €140,308 | +€42,716 | +43.8% |
| Tangible fixed assets | 22/27 | €62,901 | €105,617 | +€42,716 | +67.9% |
| Plant, machinery and equipment | 23 | €11,545 | €59,074 | +€47,530 | +411.7% |
| Furniture and vehicles | 24 | €51,356 | €46,543 | -€4,814 | -9.4% |
| Financial fixed assets | 28 | €34,690 | €34,690 | = | 0.0% |
| Current assets | 29/58 | €472,616 | €397,719 | -€74,896 | -15.8% |
| Amounts receivable after more than one year | 29 | €298,706 | €239,829 | -€58,878 | -19.7% |
| Other amounts receivable | 291 | €298,706 | €239,829 | -€58,878 | -19.7% |
| Stocks and contracts in progress | 3 | €12,522 | €16,176 | +€3,654 | +29.2% |
| Stocks | 30/36 | €12,522 | €16,176 | +€3,654 | +29.2% |
| Amounts receivable within one year | 40/41 | €30,364 | €30,776 | +€412 | +1.4% |
| Trade receivables | 40 | €2,945 | €19,009 | +€16,065 | +545.6% |
| Other amounts receivable | 41 | €27,419 | €11,767 | -€15,653 | -57.1% |
| Cash at bank and in hand | 54/58 | €111,081 | €95,235 | -€15,846 | -14.3% |
| Deferred charges and accrued income | 490/1 | €19,943 | €15,704 | -€4,239 | -21.3% |
| Total equity and liabilities | 10/49 | €570,207 | €538,027 | -€32,180 | -5.6% |
| Equity | 10/15 | €423,774 | €370,045 | -€53,729 | -12.7% |
| Contributions | 10/11 | €423,774 | €423,774 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€53,729 | -€53,729 | |
| Amounts payable | 17/49 | €146,433 | €167,982 | +€21,549 | +14.7% |
| Amounts payable within one year | 42/48 | €126,566 | €165,098 | +€38,532 | +30.4% |
| Trade debts | 44 | €50,232 | €21,935 | -€28,297 | -56.3% |
| Suppliers | 440/4 | €50,232 | €21,935 | -€28,297 | -56.3% |
| Taxes, remuneration and social security | 45 | €76,334 | €63,163 | -€13,171 | -17.3% |
| Taxes | 450/3 | €36,908 | €32,221 | -€4,687 | -12.7% |
| Remuneration and social security | 454/9 | €39,426 | €30,942 | -€8,484 | -21.5% |
| Other amounts payable | 47/48 | - | €80,000 | +€80,000 | |
| Accrued charges and deferred income | 492/3 | €19,867 | €2,885 | -€16,982 | -85.5% |
| Remuneration, social security and pensions | 62 | €552,787 | €443,915 | -€108,871 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,165 | €26,598 | +€12,434 | +87.8% |
| Other operating charges | 640/8 | €968 | €786 | -€181 | -18.7% |
| Gross operating margin | 9900 | €519,071 | €428,399 | -€90,672 | -17.5% |
| Operating profit (loss) | 9901 | -€48,848 | -€42,901 | +€5,947 | +12.2% |
| Financial charges | 65/66B | €430 | €10,828 | +€10,398 | +2416.7% |
| Recurring financial charges | 65 | €430 | €10,828 | +€10,398 | +2416.7% |
| Profit (loss) for the period before taxes | 9903 | -€49,278 | -€53,729 | -€4,451 | -9.0% |
| Income taxes | 67/77 | -€20,000 | - | +€20,000 | |
| Profit (loss) for the period | 9904 | -€29,278 | -€53,729 | -€24,451 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,278 | -€53,729 | -€24,451 | -83.5% |
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.