NONA 23: what changed
NONA 23
Largest movements
- Tangible fixed assets +€316,623
up €316,623 (+745%), from €42,489 to €359,112
of which Other tangible fixed assets: +€320,214
- Cash -€27,353
down €27,353 (-28.8%), from €95,097 to €67,743
mainly Investment in fixed assets (net) (-€357,468) and Receivables within one year (-€26,670)
- Receivables within one year +€26,670
up €26,670 (+23.7%), from €112,432 to €139,102
of which Trade receivables: +€28,905
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Deferred charges and accrued income -€8,588
down €8,588 (-97.2%), from €8,839 to €251
- Debts after one year +€96,918
up €96,918 (+146%), from €66,545 to €163,463
- Other debts +€61,721
up €61,721 (+3,048%), from €2,025 to €63,747
- Current portion of long-term debt +€46,740
up €46,740 (+278%), from €16,784 to €63,524
- Profit (loss) carried forward +€43,885
up €43,885 (+402%), from €10,926 to €54,811
- Trade debts +€29,219
up €29,219 (+99.2%), from €29,464 to €58,684
- Staff costs -€29,521
down €29,521 (-8.7%), from €338,614 to €309,093
- Depreciation +€10,301
up €10,301 (+33.7%), from €30,544 to €40,845
- Financial charges +€4,622
up €4,622 (+95.4%), from €4,843 to €9,465
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,845 | €579,480 | +€284,635 | +96.5% |
| Fixed assets | 21/28 | €42,489 | €359,112 | +€316,623 | +745% |
| Tangible fixed assets | 22/27 | €42,489 | €359,112 | +€316,623 | +745% |
| Plant, machinery and equipment | 23 | €13,966 | €7,092 | -€6,874 | -49.2% |
| Furniture and vehicles | 24 | €28,523 | €31,807 | +€3,284 | +11.5% |
| Other tangible fixed assets | 26 | - | €320,214 | +€320,214 | |
| Current assets | 29/58 | €252,356 | €220,368 | -€31,988 | -12.7% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Stocks and contracts in progress | 3 | €15,988 | €13,272 | -€2,716 | -17.0% |
| Stocks | 30/36 | €15,988 | €13,272 | -€2,716 | -17.0% |
| Amounts receivable within one year | 40/41 | €112,432 | €139,102 | +€26,670 | +23.7% |
| Trade receivables | 40 | €385 | €29,290 | +€28,905 | +7,502% |
| Other amounts receivable | 41 | €112,047 | €109,812 | -€2,234 | -2.0% |
| Cash at bank and in hand | 54/58 | €95,097 | €67,743 | -€27,353 | -28.8% |
| Deferred charges and accrued income | 490/1 | €8,839 | €251 | -€8,588 | -97.2% |
| Total equity and liabilities | 10/49 | €294,845 | €579,480 | +€284,635 | +96.5% |
| Equity | 10/15 | €107,741 | €151,626 | +€43,885 | +40.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €91,816 | €91,816 | = | 0.0% |
| Distributable reserves | 133 | €91,816 | €91,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,926 | €54,811 | +€43,885 | +402% |
| Amounts payable | 17/49 | €187,103 | €427,854 | +€240,750 | +129% |
| Amounts payable after more than one year | 17 | €66,545 | €163,463 | +€96,918 | +146% |
| Financial debts | 170/4 | €66,545 | €163,463 | +€96,918 | +146% |
| Amounts payable within one year | 42/48 | €120,509 | €263,838 | +€143,329 | +119% |
| Current portion of amounts payable after more than one year | 42 | €16,784 | €63,524 | +€46,740 | +278% |
| Trade debts | 44 | €29,464 | €58,684 | +€29,219 | +99.2% |
| Suppliers | 440/4 | €29,464 | €58,684 | +€29,219 | +99.2% |
| Taxes, remuneration and social security | 45 | €72,235 | €77,884 | +€5,649 | +7.8% |
| Taxes | 450/3 | €37,037 | €46,612 | +€9,575 | +25.9% |
| Remuneration and social security | 454/9 | €35,198 | €31,272 | -€3,926 | -11.2% |
| Other amounts payable | 47/48 | €2,025 | €63,747 | +€61,721 | +3,048% |
| Accrued charges and deferred income | 492/3 | €49 | €552 | +€503 | +1,020% |
| Remuneration, social security and pensions | 62 | €338,614 | €309,093 | -€29,521 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,544 | €40,845 | +€10,301 | +33.7% |
| Other operating charges | 640/8 | €5,121 | €2,028 | -€3,093 | -60.4% |
| Gross operating margin | 9900 | €407,472 | €411,188 | +€3,716 | +0.9% |
| Operating profit (loss) | 9901 | €33,193 | €59,222 | +€26,029 | +78.4% |
| Financial income | 75/76B | €402 | €45 | -€357 | -88.7% |
| Recurring financial income | 75 | €402 | €45 | -€357 | -88.7% |
| Financial charges | 65/66B | €4,843 | €9,465 | +€4,622 | +95.4% |
| Recurring financial charges | 65 | €4,843 | €9,465 | +€4,622 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | €28,752 | €49,802 | +€21,051 | +73.2% |
| Income taxes | 67/77 | €8,904 | €5,917 | -€2,987 | -33.5% |
| Profit (loss) for the period | 9904 | €19,848 | €43,885 | +€24,037 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €19,848 | €43,885 | +€24,037 | +121% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.