NONO AND CO: what changed
NONO AND CO
Largest movements
- Deferred charges and accrued income +€29,977
new in 2025: €29,977
- Receivables within one year -€21,759
down €21,759 (-30.3%), from €71,761 to €50,002
of which Trade receivables: -€21,810
- Cash -€16,417
down €16,417 (-20.3%), from €80,941 to €64,524
mainly Deferred charges and accrued income (-€29,977) and Debts after one year (-€27,140)
- Stocks and contracts +€16,079
up €16,079 (+7.4%), from €218,481 to €234,560
- Tangible fixed assets -€7,266
down €7,266 (-17.6%), from €41,289 to €34,023
of which Other tangible fixed assets: -€4,600
- Trade debts +€35,157
up €35,157 (+16.6%), from €211,841 to €246,998
- Debts after one year -€27,140
down €27,140 (-33.8%), from €80,369 to €53,229
- Tax, wage and social debts -€12,164
down €12,164 (-23.4%), from €52,044 to €39,880
of which Taxes: -€13,065
- Reserves +€6,548
up €6,548 (+25.2%), from €25,970 to €32,518
- Other debts -€5,772
down €5,772 (-50.9%), from €11,333 to €5,561
- Staff costs -€15,078
down €15,078 (-19.7%), from €76,385 to €61,307
- Gross operating margin -€6,699
down €6,699 (-6.3%), from €106,977 to €100,278
- Depreciation +€4,045
up €4,045 (+65.0%), from €6,221 to €10,266
- Taxes +€1,119
up €1,119 (+45.8%), from €2,445 to €3,564
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 | €433,662 | €431,276 | -€2,386 | -0.6% |
| Fixed assets | 21/28 | €62,479 | €52,213 | -€10,266 | -16.4% |
| Intangible fixed assets | 21 | €21,085 | €18,085 | -€3,000 | -14.2% |
| Tangible fixed assets | 22/27 | €41,289 | €34,023 | -€7,266 | -17.6% |
| Furniture and vehicles | 24 | €8,933 | €6,267 | -€2,666 | -29.8% |
| Other tangible fixed assets | 26 | €32,356 | €27,756 | -€4,600 | -14.2% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €371,183 | €379,063 | +€7,880 | +2.1% |
| Stocks and contracts in progress | 3 | €218,481 | €234,560 | +€16,079 | +7.4% |
| Stocks | 30/36 | €218,481 | €234,560 | +€16,079 | +7.4% |
| Amounts receivable within one year | 40/41 | €71,761 | €50,002 | -€21,759 | -30.3% |
| Trade receivables | 40 | €70,736 | €48,926 | -€21,810 | -30.8% |
| Other amounts receivable | 41 | €1,025 | €1,076 | +€51 | +5.0% |
| Cash at bank and in hand | 54/58 | €80,941 | €64,524 | -€16,417 | -20.3% |
| Deferred charges and accrued income | 490/1 | - | €29,977 | +€29,977 | |
| Total equity and liabilities | 10/49 | €433,662 | €431,276 | -€2,386 | -0.6% |
| Equity | 10/15 | €44,570 | €51,118 | +€6,548 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,970 | €32,518 | +€6,548 | +25.2% |
| Distributable reserves | 133 | €25,970 | €32,518 | +€6,548 | +25.2% |
| Amounts payable | 17/49 | €389,092 | €380,158 | -€8,934 | -2.3% |
| Amounts payable after more than one year | 17 | €80,369 | €53,229 | -€27,140 | -33.8% |
| Financial debts | 170/4 | €80,369 | €53,229 | -€27,140 | -33.8% |
| Amounts payable within one year | 42/48 | €308,723 | €326,929 | +€18,206 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €26,715 | €27,140 | +€425 | +1.6% |
| Trade debts | 44 | €211,841 | €246,998 | +€35,157 | +16.6% |
| Suppliers | 440/4 | €211,841 | €246,998 | +€35,157 | +16.6% |
| Advances received on contracts in progress | 46 | €6,790 | €7,350 | +€560 | +8.2% |
| Taxes, remuneration and social security | 45 | €52,044 | €39,880 | -€12,164 | -23.4% |
| Taxes | 450/3 | €46,489 | €33,424 | -€13,065 | -28.1% |
| Remuneration and social security | 454/9 | €5,555 | €6,456 | +€901 | +16.2% |
| Other amounts payable | 47/48 | €11,333 | €5,561 | -€5,772 | -50.9% |
| Remuneration, social security and pensions | 62 | €76,385 | €61,307 | -€15,078 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,221 | €10,266 | +€4,045 | +65.0% |
| Other operating charges | 640/8 | €11,318 | €10,982 | -€336 | -3.0% |
| Non-recurring operating charges | 66A | €1,206 | €260 | -€946 | -78.4% |
| Gross operating margin | 9900 | €106,977 | €100,278 | -€6,699 | -6.3% |
| Operating profit (loss) | 9901 | €11,847 | €17,463 | +€5,616 | +47.4% |
| Financial income | 75/76B | €758 | €572 | -€186 | -24.5% |
| Recurring financial income | 75 | €758 | €572 | -€186 | -24.5% |
| Financial charges | 65/66B | €7,003 | €7,923 | +€920 | +13.1% |
| Recurring financial charges | 65 | €7,003 | €7,923 | +€920 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €5,602 | €10,112 | +€4,510 | +80.5% |
| Income taxes | 67/77 | €2,445 | €3,564 | +€1,119 | +45.8% |
| Profit (loss) for the period | 9904 | €3,157 | €6,548 | +€3,391 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €3,157 | €6,548 | +€3,391 | +107% |
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 4 November 2026 via checked.be.