NoQuo: 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.
NoQuo
Largest movements
- Cash +€82,618
up €82,618 (+88.4%), from €93,410 to €176,028
mainly Net result for the year (+€76,784) and Tax, wage and social debts (+€6,537)
- Tangible fixed assets -€2,036
down €2,036 (-48.7%), from €4,178 to €2,142
- Profit (loss) carried forward +€76,784
up €76,784 (+2601.8%), from €2,951 to €79,736
- Tax, wage and social debts +€6,537
up €6,537 (+43.2%), from €15,141 to €21,679
- Other debts -€2,055
down €2,055 (-33.6%), from €6,119 to €4,064
- Gross operating margin +€40,151
up €40,151 (+67.6%), from €59,388 to €99,539
- Taxes +€5,785
up €5,785 (+40.0%), from €14,471 to €20,256
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 | €113,899 | €195,352 | +€81,454 | +71.5% |
| Fixed assets | 21/28 | €4,178 | €2,142 | -€2,036 | -48.7% |
| Tangible fixed assets | 22/27 | €4,178 | €2,142 | -€2,036 | -48.7% |
| Furniture and vehicles | 24 | €4,178 | €2,142 | -€2,036 | -48.7% |
| Current assets | 29/58 | €109,721 | €193,210 | +€83,489 | +76.1% |
| Amounts receivable within one year | 40/41 | €16,288 | €17,182 | +€894 | +5.5% |
| Trade receivables | 40 | €13,613 | €17,182 | +€3,570 | +26.2% |
| Other amounts receivable | 41 | €2,675 | €0 | -€2,675 | -100.0% |
| Cash at bank and in hand | 54/58 | €93,410 | €176,028 | +€82,618 | +88.4% |
| Deferred charges and accrued income | 490/1 | €23 | €0 | -€23 | -100.0% |
| Total equity and liabilities | 10/49 | €113,899 | €195,352 | +€81,454 | +71.5% |
| Equity | 10/15 | €92,251 | €169,036 | +€76,784 | +83.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €87,300 | €87,300 | = | 0.0% |
| Distributable reserves | 133 | €87,300 | €87,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,951 | €79,736 | +€76,784 | +2601.8% |
| Amounts payable | 17/49 | €21,647 | €26,317 | +€4,669 | +21.6% |
| Amounts payable within one year | 42/48 | €21,647 | €26,317 | +€4,669 | +21.6% |
| Trade debts | 44 | €387 | €574 | +€187 | +48.2% |
| Suppliers | 440/4 | €387 | €574 | +€187 | +48.2% |
| Taxes, remuneration and social security | 45 | €15,141 | €21,679 | +€6,537 | +43.2% |
| Taxes | 450/3 | €15,141 | €21,679 | +€6,537 | +43.2% |
| Other amounts payable | 47/48 | €6,119 | €4,064 | -€2,055 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,646 | €2,036 | +€390 | +23.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €59,388 | €99,539 | +€40,151 | +67.6% |
| Operating profit (loss) | 9901 | €57,355 | €97,104 | +€39,748 | +69.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €39 | €63 | +€24 | +61.6% |
| Recurring financial charges | 65 | €39 | €63 | +€24 | +61.6% |
| Profit (loss) for the period before taxes | 9903 | €57,316 | €97,040 | +€39,724 | +69.3% |
| Income taxes | 67/77 | €14,471 | €20,256 | +€5,785 | +40.0% |
| Profit (loss) for the period | 9904 | €42,845 | €76,784 | +€33,940 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,845 | €76,784 | +€33,940 | +79.2% |
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 10 October 2026 via checked.be.