NONNA: 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.
What changed
NONNA
NACE 10.850, Manufacture of food products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€770,187
2024 · €522,511+€247,676
Equity
€2.2m
2024 · €1.6m+€607,672
Cash
€126,199
2024 · €532,021-€405,822
Balance sheet total
€11.7m
2024 · €11.3m+€334,313
Largest movements
Assets
- Receivables within one year +€904,058
up €904,058 (+44.6%), from €2.0m to €2.9m
of which Trade receivables: +€948,600
- Cash -€405,822
down €405,822 (-76.3%), from €532,021 to €126,199
mainly Receivables within one year (-€904,058) and Investment in fixed assets (net) (-€813,795)
- Tangible fixed assets -€243,309
down €243,309 (-3.2%), from €7.5m to €7.3m
of which Leasing and similar rights: -€152,742
- Stocks and contracts +€148,557
up €148,557 (+18.0%), from €826,062 to €974,619
Equity and liabilities
- Profit (loss) carried forward +€795,187
up €795,187, from -€517,519 to €277,668
- Trade debts +€374,965
up €374,965 (+23.5%), from €1.6m to €2.0m
- Short-term financial debts -€330,000
down €330,000 (-37.5%), from €880,000 to €550,000
- Debts after one year -€206,838
down €206,838 (-4.0%), from €5.1m to €4.9m
of which Financial debts: -€206,838
- Current portion of long-term debt -€169,271
down €169,271 (-11.1%), from €1.5m to €1.4m
Income statement
- Turnover +€17.6m
new in 2025: €17.6m
- Goods and materials +€8.6m
new in 2025: €8.6m
of which Purchases: +€8.7m
- Gross operating margin -€4.6m
no longer reported in 2025 (was €4.6m)
- Services and other goods +€4.3m
new in 2025: €4.3m
- Other operating income +€432,496
new in 2025: €432,496
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.
Result 2024
€522,511
Turnover
+€17.6m
Other operating income
+€432,496
Goods and materials
-€8.6m
Services and other goods
-€4.3m
Staff costs
-€349,457
Depreciation
+€80,290
Write-downs
-€818
Other operating charges
-€45,842
Other operating items
-€4.6m
Financial income
-€1,766
Financial charges
-€15,489
Taxes
-€253
Result 2025
€770,187
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.
From operations
+€1.3m
Investment
-€813,795
Financing
-€868,624
Cash 2024
€532,021
From operations (derived)
+€1.3m
Net result for the year
+€770,187
Depreciation
+€1.2m
Stocks and contracts
-€148,557
Receivables within one year
-€904,058
Deferred charges and accrued income
-€31,111
Trade debts
+€374,965
Tax, wage and social debts
+€107,519
Other debts
-€21,000
Accrued charges and deferred income
-€28,734
Investment (derived)
-€813,795
Investment in fixed assets (net)
-€813,795
Financing
-€868,624
Debts after one year
-€206,838
Current portion of long-term debt
-€169,271
Short-term financial debts
-€330,000
Contributions, distributions and other
-€162,515
Cash 2025
€126,199
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,323,807 | €11,658,120 | +€334,313 | +3.0% |
| Fixed assets | 21/28 | €7,920,098 | €7,576,508 | -€343,590 | -4.3% |
| Intangible fixed assets | 21 | €400,350 | €300,069 | -€100,281 | -25.0% |
| Tangible fixed assets | 22/27 | €7,519,498 | €7,276,189 | -€243,309 | -3.2% |
| Land and buildings | 22 | €6,145,940 | €6,036,723 | -€109,217 | -1.8% |
| Plant, machinery and equipment | 23 | €729,907 | €725,712 | -€4,195 | -0.6% |
| Furniture and vehicles | 24 | €3,964 | €26,809 | +€22,845 | +576.3% |
| Leasing and similar rights | 25 | €639,687 | €486,945 | -€152,742 | -23.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €250 | +€250 | |
| Amounts receivable and cash guarantees | 285/8 | - | €250 | +€250 | |
| Current assets | 29/58 | €3,403,709 | €4,081,612 | +€677,903 | +19.9% |
| Stocks and contracts in progress | 3 | €826,062 | €974,619 | +€148,557 | +18.0% |
| Stocks | 30/36 | €826,062 | €974,619 | +€148,557 | +18.0% |
| Raw materials and consumables | 30/31 | - | €350,170 | +€350,170 | |
| Goods purchased for resale | 34 | - | €624,449 | +€624,449 | |
| Amounts receivable within one year | 40/41 | €2,025,686 | €2,929,744 | +€904,058 | +44.6% |
| Trade receivables | 40 | €1,711,966 | €2,660,566 | +€948,600 | +55.4% |
| Other amounts receivable | 41 | €313,720 | €269,178 | -€44,542 | -14.2% |
| Cash at bank and in hand | 54/58 | €532,021 | €126,199 | -€405,822 | -76.3% |
| Deferred charges and accrued income | 490/1 | €19,939 | €51,050 | +€31,111 | +156.0% |
| Total equity and liabilities | 10/49 | €11,323,807 | €11,658,120 | +€334,313 | +3.0% |
| Equity | 10/15 | €1,607,965 | €2,215,637 | +€607,672 | +37.8% |
| Contributions | 10/11 | €838,600 | €838,600 | = | 0.0% |
| Capital | 10 | €838,600 | €838,600 | = | 0.0% |
| Issued capital | 100 | €838,600 | €838,600 | = | 0.0% |
| Revaluation surpluses | 12 | €850,000 | €800,000 | -€50,000 | -5.9% |
| Reserves | 13 | €58,860 | €83,860 | +€25,000 | +42.5% |
| Non-distributable reserves | 130/1 | €58,860 | €83,860 | +€25,000 | +42.5% |
| Legal reserve | 130 | €58,860 | €83,860 | +€25,000 | +42.5% |
| Profit (loss) carried forward | 14 | -€517,519 | €277,668 | +€795,187 | |
| Investment grants | 15 | €378,024 | €215,509 | -€162,515 | -43.0% |
| Amounts payable | 17/49 | €9,715,842 | €9,442,483 | -€273,359 | -2.8% |
| Amounts payable after more than one year | 17 | €5,129,884 | €4,923,046 | -€206,838 | -4.0% |
| Financial debts | 170/4 | €5,128,069 | €4,921,231 | -€206,838 | -4.0% |
| Leasing and similar obligations | 172 | - | €349,429 | +€349,429 | |
| Other loans | 174 | - | €4,571,802 | +€4.6m | |
| Other amounts payable | 178/9 | €1,815 | €1,815 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,550,361 | €4,512,574 | -€37,787 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €1,530,232 | €1,360,961 | -€169,271 | -11.1% |
| Financial debts | 43 | €880,000 | €550,000 | -€330,000 | -37.5% |
| Credit institutions | 430/8 | €880,000 | €550,000 | -€330,000 | -37.5% |
| Trade debts | 44 | €1,594,554 | €1,969,519 | +€374,965 | +23.5% |
| Suppliers | 440/4 | €1,594,554 | €1,969,519 | +€374,965 | +23.5% |
| Taxes, remuneration and social security | 45 | €266,956 | €374,475 | +€107,519 | +40.3% |
| Taxes | 450/3 | €924 | €14,767 | +€13,843 | +1498.3% |
| Remuneration and social security | 454/9 | €266,032 | €359,708 | +€93,676 | +35.2% |
| Other amounts payable | 47/48 | €278,619 | €257,619 | -€21,000 | -7.5% |
| Accrued charges and deferred income | 492/3 | €35,597 | €6,863 | -€28,734 | -80.7% |
| Operating income | 70/76A | - | €18,078,886 | +€18.1m | |
| Turnover | 70 | - | €17,646,390 | +€17.6m | |
| Other operating income | 74 | - | €432,496 | +€432,496 | |
| Operating charges | 60/66A | - | €17,030,304 | +€17.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €8,567,325 | +€8.6m | |
| Purchases | 600/8 | - | €8,715,882 | +€8.7m | |
| Change in stocks: decrease (increase) | 609 | - | -€148,557 | -€148,557 | |
| Services and other goods | 61 | - | €4,287,609 | +€4.3m | |
| Remuneration, social security and pensions | 62 | €2,577,104 | €2,926,561 | +€349,457 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,237,675 | €1,157,385 | -€80,290 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €818 | +€818 | |
| Other operating charges | 640/8 | €44,764 | €90,606 | +€45,842 | +102.4% |
| Gross operating margin | 9900 | €4,642,940 | - | -€4.6m | |
| Operating profit (loss) | 9901 | €783,398 | €1,048,582 | +€265,184 | +33.9% |
| Financial income | 75/76B | €9,668 | €7,902 | -€1,766 | -18.3% |
| Recurring financial income | 75 | €9,668 | €7,902 | -€1,766 | -18.3% |
| Other financial income | 752/9 | - | €7,902 | +€7,902 | |
| Financial charges | 65/66B | €269,793 | €285,282 | +€15,489 | +5.7% |
| Recurring financial charges | 65 | €269,793 | €285,282 | +€15,489 | +5.7% |
| Debt charges | 650 | - | €275,991 | +€275,991 | |
| Other financial charges | 652/9 | - | €9,291 | +€9,291 | |
| Profit (loss) for the period before taxes | 9903 | €523,273 | €771,202 | +€247,929 | +47.4% |
| Income taxes | 67/77 | €762 | €1,015 | +€253 | +33.2% |
| Taxes | 670/3 | - | €1,015 | +€1,015 | |
| Profit (loss) for the period | 9904 | €522,511 | €770,187 | +€247,676 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €522,511 | €770,187 | +€247,676 | +47.4% |
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 9 October 2026 via checked.be.