NONSUCH: 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.
NONSUCH
Largest movements
- Receivables within one year +€63,224
up €63,224 (+127.8%), from €49,478 to €112,702
of which Trade receivables: +€87,734
- Deferred charges and accrued income +€33,489
up €33,489 (+69.3%), from €48,312 to €81,801
- Tangible fixed assets +€16,112
up €16,112 (+9.6%), from €168,074 to €184,186
of which Other tangible fixed assets: +€53,341
- Stocks and contracts +€13,461
up €13,461 (+5.1%), from €265,510 to €278,972
- Cash -€9,617
down €9,617 (-11.8%), from €81,815 to €72,198
mainly Receivables within one year (-€63,224) and Investment in fixed assets (net) (-€61,522)
- Short-term financial debts +€75,000
new in 2025: €75,000
- Trade debts +€30,688
up €30,688 (+19.9%), from €154,356 to €185,043
- Advances received +€13,456
new in 2025: €13,456
- Other debts +€9,345
up €9,345 (+17.6%), from €53,236 to €62,581
- Accrued charges and deferred income -€8,583
down €8,583 (-55.0%), from €15,596 to €7,014
- Gross operating margin -€103,638
down €103,638 (-37.3%), from €277,525 to €173,888
- Write-downs -€44,075
down €44,075 (-100.0%), from €44,075 to €0
- Depreciation +€21,271
up €21,271 (+82.0%), from €25,939 to €47,210
- Taxes -€18,798
down €18,798 (-71.2%), from €26,409 to €7,611
- Staff costs +€12,456
up €12,456 (+16.8%), from €74,323 to €86,778
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 | €614,989 | €731,658 | +€116,669 | +19.0% |
| Fixed assets | 21/28 | €169,874 | €184,186 | +€14,312 | +8.4% |
| Tangible fixed assets | 22/27 | €168,074 | €184,186 | +€16,112 | +9.6% |
| Plant, machinery and equipment | 23 | €9,504 | €10,247 | +€742 | +7.8% |
| Furniture and vehicles | 24 | €158,570 | €120,598 | -€37,972 | -23.9% |
| Other tangible fixed assets | 26 | €0 | €53,341 | +€53,341 | |
| Financial fixed assets | 28 | €1,800 | €0 | -€1,800 | -100.0% |
| Current assets | 29/58 | €445,115 | €547,473 | +€102,358 | +23.0% |
| Amounts receivable after more than one year | 29 | - | €1,800 | +€1,800 | |
| Other amounts receivable | 291 | - | €1,800 | +€1,800 | |
| Stocks and contracts in progress | 3 | €265,510 | €278,972 | +€13,461 | +5.1% |
| Stocks | 30/36 | €265,510 | €278,972 | +€13,461 | +5.1% |
| Amounts receivable within one year | 40/41 | €49,478 | €112,702 | +€63,224 | +127.8% |
| Trade receivables | 40 | €24,441 | €112,176 | +€87,734 | +359.0% |
| Other amounts receivable | 41 | €25,036 | €526 | -€24,511 | -97.9% |
| Cash at bank and in hand | 54/58 | €81,815 | €72,198 | -€9,617 | -11.8% |
| Deferred charges and accrued income | 490/1 | €48,312 | €81,801 | +€33,489 | +69.3% |
| Total equity and liabilities | 10/49 | €614,989 | €731,658 | +€116,669 | +19.0% |
| Equity | 10/15 | €214,983 | €223,374 | +€8,391 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €196,383 | €204,774 | +€8,391 | +4.3% |
| Distributable reserves | 133 | €196,383 | €204,774 | +€8,391 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €400,006 | €508,285 | +€108,279 | +27.1% |
| Amounts payable after more than one year | 17 | €95,775 | €90,170 | -€5,605 | -5.9% |
| Financial debts | 170/4 | €95,775 | €90,170 | -€5,605 | -5.9% |
| Amounts payable within one year | 42/48 | €288,635 | €411,101 | +€122,466 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €48,553 | €49,989 | +€1,436 | +3.0% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €154,356 | €185,043 | +€30,688 | +19.9% |
| Suppliers | 440/4 | €154,356 | €185,043 | +€30,688 | +19.9% |
| Advances received on contracts in progress | 46 | - | €13,456 | +€13,456 | |
| Taxes, remuneration and social security | 45 | €32,490 | €25,032 | -€7,459 | -23.0% |
| Taxes | 450/3 | €17,587 | €2,508 | -€15,079 | -85.7% |
| Remuneration and social security | 454/9 | €14,904 | €22,524 | +€7,620 | +51.1% |
| Other amounts payable | 47/48 | €53,236 | €62,581 | +€9,345 | +17.6% |
| Accrued charges and deferred income | 492/3 | €15,596 | €7,014 | -€8,583 | -55.0% |
| Non-recurring operating income | 76A | €25,570 | €0 | -€25,570 | -100.0% |
| Remuneration, social security and pensions | 62 | €74,323 | €86,778 | +€12,456 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,939 | €47,210 | +€21,271 | +82.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,075 | €0 | -€44,075 | -100.0% |
| Other operating charges | 640/8 | €13,909 | €10,971 | -€2,938 | -21.1% |
| Non-recurring operating charges | 66A | €18,639 | €742 | -€17,897 | -96.0% |
| Gross operating margin | 9900 | €277,525 | €173,888 | -€103,638 | -37.3% |
| Operating profit (loss) | 9901 | €100,641 | €28,186 | -€72,455 | -72.0% |
| Financial income | 75/76B | €1,378 | €409 | -€969 | -70.3% |
| Recurring financial income | 75 | €1,378 | €409 | -€969 | -70.3% |
| Financial charges | 65/66B | €11,093 | €12,593 | +€1,500 | +13.5% |
| Recurring financial charges | 65 | €11,093 | €12,593 | +€1,500 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €90,926 | €16,002 | -€74,924 | -82.4% |
| Income taxes | 67/77 | €26,409 | €7,611 | -€18,798 | -71.2% |
| Profit (loss) for the period | 9904 | €64,516 | €8,391 | -€56,125 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,516 | €8,391 | -€56,125 | -87.0% |
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 3 October 2026 via checked.be.