NOO: 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.
NOO
Largest movements
- Receivables within one year +€22,574
up €22,574 (+5.3%), from €426,128 to €448,702
of which Other amounts receivable: +€22,574
- Reserves +€13,275
up €13,275 (+3.2%), from €410,226 to €423,501
- Tax, wage and social debts +€6,679
new in 2025: €6,679
- Financial income +€10,924
up €10,924 (+94.5%), from €11,566 to €22,490
- Taxes +€7,222
up €7,222, from -€543 to €6,679
- Gross operating margin +€2,518
up €2,518 (+67.4%), from -€3,735 to -€1,217
- Other operating charges -€465
down €465 (-43.8%), from €1,062 to €596
- Depreciation -€300
down €300 (-100.0%), from €300 to €0
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 | €433,026 | €453,004 | +€19,978 | +4.6% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €433,026 | €453,004 | +€19,978 | +4.6% |
| Amounts receivable within one year | 40/41 | €426,128 | €448,702 | +€22,574 | +5.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €426,128 | €448,702 | +€22,574 | +5.3% |
| Cash at bank and in hand | 54/58 | €6,899 | €4,303 | -€2,596 | -37.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €433,026 | €453,004 | +€19,978 | +4.6% |
| Equity | 10/15 | €428,826 | €442,101 | +€13,275 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €410,226 | €423,501 | +€13,275 | +3.2% |
| Distributable reserves | 133 | €410,226 | €423,501 | +€13,275 | +3.2% |
| Amounts payable | 17/49 | €4,200 | €10,903 | +€6,703 | +159.6% |
| Amounts payable within one year | 42/48 | €4,200 | €10,837 | +€6,638 | +158.1% |
| Trade debts | 44 | €4,200 | €4,158 | -€42 | -1.0% |
| Suppliers | 440/4 | €4,200 | €4,158 | -€42 | -1.0% |
| Taxes, remuneration and social security | 45 | - | €6,679 | +€6,679 | |
| Taxes | 450/3 | - | €6,679 | +€6,679 | |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €0 | -€300 | -100.0% |
| Other operating charges | 640/8 | €1,062 | €596 | -€465 | -43.8% |
| Gross operating margin | 9900 | -€3,735 | -€1,217 | +€2,518 | +67.4% |
| Operating profit (loss) | 9901 | -€5,097 | -€1,813 | +€3,284 | +64.4% |
| Financial income | 75/76B | €11,566 | €22,490 | +€10,924 | +94.5% |
| Recurring financial income | 75 | €11,566 | €22,490 | +€10,924 | +94.5% |
| Financial charges | 65/66B | €681 | €722 | +€41 | +6.0% |
| Recurring financial charges | 65 | €681 | €722 | +€41 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €5,788 | €19,954 | +€14,167 | +244.8% |
| Income taxes | 67/77 | -€543 | €6,679 | +€7,222 | |
| Profit (loss) for the period | 9904 | €6,330 | €13,275 | +€6,945 | +109.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,330 | €13,275 | +€6,945 | +109.7% |
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.