NOS MAISONS: 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.
What changed
NOS MAISONS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€10,029
2024 · -€8,088-€1,941
Equity
€13.1m
2024 · €12.6m+€589,971
Cash
€121,518
2024 · €179,588-€58,071
Balance sheet total
€14.6m
2024 · €14.2m+€383,242
Largest movements
Assets
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Tangible fixed assets +€444,960
up €444,960 (+3.3%), from €13.5m to €14.0m
of which Assets under construction and advance payments: +€620,113
- Receivables within one year +€444,624
up €444,624 (+2852.9%), from €15,585 to €460,210
of which Other amounts receivable: +€445,648
Equity and liabilities
- Contributions +€600,000
up €600,000 (+5.5%), from €10.9m to €11.5m
- Debts after one year -€199,546
down €199,546 (-16.7%), from €1.2m to €994,332
of which Financial debts: -€200,896
Income statement
- Purchases and services -€29,313
down €29,313 (-6.7%), from €436,529 to €407,217
- Depreciation +€23,775
up €23,775 (+3.2%), from €745,726 to €769,501
- Gross operating margin +€21,971
up €21,971 (+2.3%), from €961,091 to €983,062
- Taxes -€15,103
down €15,103, from €9,061 to -€6,042
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.
Result 2024
-€8,088
Gross operating margin
+€21,971
Depreciation
-€23,775
Write-downs
+€13,082
Other operating charges
-€5,027
Other operating items
-€19,018
Financial income
-€12,831
Financial charges
+€8,554
Taxes
+€15,103
Result 2025
-€10,029
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.
From operations
+€303,968
Investment
-€764,461
Financing
+€402,422
Cash 2024
€179,588
From operations (derived)
+€303,968
Net result for the year
-€10,029
Depreciation
+€769,501
Receivables within one year
-€444,624
Smaller working-capital items
+€257
Trade debts
+€27,783
Tax, wage and social debts
-€38,919
Investment (derived)
-€764,461
Investment in fixed assets (net)
-€1.2m
Current investments
+€450,000
Financing
+€402,422
Debts after one year
-€199,546
Current portion of long-term debt
+€1,968
Contributions, distributions and other
+€600,000
Cash 2025
€121,518
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,202,857 | €14,586,099 | +€383,242 | +2.7% |
| Fixed assets | 21/28 | €13,553,047 | €13,998,007 | +€444,960 | +3.3% |
| Tangible fixed assets | 22/27 | €13,545,610 | €13,990,570 | +€444,960 | +3.3% |
| Land and buildings | 22 | €13,512,185 | €13,342,594 | -€169,591 | -1.3% |
| Plant, machinery and equipment | 23 | €13,236 | €7,898 | -€5,338 | -40.3% |
| Furniture and vehicles | 24 | €225 | - | -€225 | |
| Assets under construction and advance payments | 27 | €19,965 | €640,078 | +€620,113 | +3106.0% |
| Financial fixed assets | 28 | €7,437 | €7,437 | = | 0.0% |
| Current assets | 29/58 | €649,810 | €588,092 | -€61,718 | -9.5% |
| Amounts receivable within one year | 40/41 | €15,585 | €460,210 | +€444,624 | +2852.9% |
| Trade receivables | 40 | €6,912 | €5,888 | -€1,024 | -14.8% |
| Other amounts receivable | 41 | €8,673 | €454,322 | +€445,648 | +5138.1% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €179,588 | €121,518 | -€58,071 | -32.3% |
| Deferred charges and accrued income | 490/1 | €4,637 | €6,365 | +€1,728 | +37.3% |
| Total equity and liabilities | 10/49 | €14,202,857 | €14,586,099 | +€383,242 | +2.7% |
| Equity | 10/15 | €12,557,230 | €13,147,201 | +€589,971 | +4.7% |
| Contributions | 10/11 | €10,875,360 | €11,475,360 | +€600,000 | +5.5% |
| Reserves | 13 | €100,461 | €100,461 | = | 0.0% |
| Non-distributable reserves | 130/1 | €98,199 | €98,199 | = | 0.0% |
| Reserves not available under the articles | 1311 | €98,199 | €98,199 | = | 0.0% |
| Distributable reserves | 133 | €2,262 | €2,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,581,408 | €1,571,380 | -€10,029 | -0.6% |
| Amounts payable | 17/49 | €1,645,627 | €1,438,898 | -€206,729 | -12.6% |
| Amounts payable after more than one year | 17 | €1,193,878 | €994,332 | -€199,546 | -16.7% |
| Financial debts | 170/4 | €1,181,774 | €980,878 | -€200,896 | -17.0% |
| Other amounts payable | 178/9 | €12,104 | €13,454 | +€1,350 | +11.2% |
| Amounts payable within one year | 42/48 | €451,749 | €444,566 | -€7,183 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €198,928 | €200,896 | +€1,968 | +1.0% |
| Trade debts | 44 | €164,600 | €192,382 | +€27,783 | +16.9% |
| Suppliers | 440/4 | €164,600 | €192,382 | +€27,783 | +16.9% |
| Taxes, remuneration and social security | 45 | €38,919 | - | -€38,919 | |
| Taxes | 450/3 | €38,919 | - | -€38,919 | |
| Other amounts payable | 47/48 | €49,303 | €51,288 | +€1,985 | +4.0% |
| Turnover | 70 | €1,397,195 | €1,390,279 | -€6,916 | -0.5% |
| Non-recurring operating income | 76A | €425 | - | -€425 | |
| Goods, raw materials, services and sundry goods | 60/61 | €436,529 | €407,217 | -€29,313 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €745,726 | €769,501 | +€23,775 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,149 | -€9,934 | -€13,082 | |
| Other operating charges | 640/8 | €163,015 | €168,042 | +€5,027 | +3.1% |
| Non-recurring operating charges | 66A | €1,644 | €20,662 | +€19,018 | +1157.1% |
| Gross operating margin | 9900 | €961,091 | €983,062 | +€21,971 | +2.3% |
| Operating profit (loss) | 9901 | €47,558 | €34,792 | -€12,767 | -26.8% |
| Financial income | 75/76B | €19,461 | €6,630 | -€12,831 | -65.9% |
| Recurring financial income | 75 | €19,461 | €4,965 | -€14,496 | -74.5% |
| Non-recurring financial income | 76B | - | €1,665 | +€1,665 | |
| Financial charges | 65/66B | €66,047 | €57,492 | -€8,554 | -13.0% |
| Recurring financial charges | 65 | €66,047 | €57,492 | -€8,554 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €973 | -€16,071 | -€17,043 | |
| Income taxes | 67/77 | €9,061 | -€6,042 | -€15,103 | |
| Profit (loss) for the period | 9904 | -€8,088 | -€10,029 | -€1,941 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,088 | -€10,029 | -€1,941 | -24.0% |
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 7 October 2026 via checked.be.