NOPA 4: 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.
NOPA 4
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€141,614
up €141,614 (+6.9%), from €2.1m to €2.2m
- Gross operating margin +€998
up €998 (+29.2%), from -€3,415 to -€2,417
- Financial income -€643
down €643 (-0.1%), from €466,107 to €465,464
- Financial charges +€76
up €76 (+15.5%), from €490 to €567
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,989,495 | €13,102,355 | +€112,860 | +0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,084,000 | €12,084,000 | = | 0.0% |
| Financial fixed assets | 28 | €12,084,000 | €12,084,000 | = | 0.0% |
| Current assets | 29/58 | €905,495 | €1,018,355 | +€112,860 | +12.5% |
| Cash at bank and in hand | 54/58 | €905,495 | €1,018,355 | +€112,860 | +12.5% |
| Total equity and liabilities | 10/49 | €12,989,495 | €13,102,355 | +€112,860 | +0.9% |
| Equity | 10/15 | €12,640,490 | €12,782,104 | +€141,614 | +1.1% |
| Contributions | 10/11 | €10,524,000 | €10,524,000 | = | 0.0% |
| Reserves | 13 | €2,060,872 | €2,202,486 | +€141,614 | +6.9% |
| Distributable reserves | 133 | €2,060,872 | €2,202,486 | +€141,614 | +6.9% |
| Profit (loss) carried forward | 14 | €55,618 | €55,618 | = | 0.0% |
| Amounts payable | 17/49 | €349,005 | €320,251 | -€28,754 | -8.2% |
| Amounts payable within one year | 42/48 | €349,005 | €320,251 | -€28,754 | -8.2% |
| Taxes, remuneration and social security | 45 | €56,698 | €55,467 | -€1,231 | -2.2% |
| Taxes | 450/3 | €56,698 | €55,467 | -€1,231 | -2.2% |
| Other amounts payable | 47/48 | €292,307 | €264,784 | -€27,523 | -9.4% |
| Other operating charges | 640/8 | €109 | €113 | +€5 | +4.4% |
| Gross operating margin | 9900 | -€3,415 | -€2,417 | +€998 | +29.2% |
| Operating profit (loss) | 9901 | -€3,524 | -€2,531 | +€994 | +28.2% |
| Financial income | 75/76B | €466,107 | €465,464 | -€643 | -0.1% |
| Recurring financial income | 75 | €466,107 | €465,464 | -€643 | -0.1% |
| Financial charges | 65/66B | €490 | €567 | +€76 | +15.5% |
| Recurring financial charges | 65 | €490 | €567 | +€76 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €462,092 | €462,367 | +€275 | +0.1% |
| Income taxes | 67/77 | €42,008 | €42,033 | +€25 | +0.1% |
| Profit (loss) for the period | 9904 | €420,084 | €420,334 | +€250 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €420,084 | €420,334 | +€250 | +0.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2025 and 31 July 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.