NOSA: 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.
NOSA
Largest movements
- Cash -€580,063
down €580,063 (-86.4%), from €671,220 to €91,157
mainly Investment in fixed assets (net) (-€395,985) and Current investments (-€330,072)
- Tangible fixed assets +€382,367
up €382,367 (+135.3%), from €282,611 to €664,978
of which Land and buildings: +€379,986
- Current investments +€330,072
up €330,072 (+39.3%), from €839,062 to €1.2m
- Debts after one year +€300,000
new in 2024: €300,000
- Profit (loss) carried forward -€184,398
down €184,398 (-12.1%), from €1.5m to €1.3m
- Other debts +€78,601
new in 2024: €78,601
- Reserves -€50,000
down €50,000 (-10.5%), from €476,860 to €426,860
of which Distributable reserves: -€50,000
- Gross operating margin -€175,271
down €175,271, from €109,597 to -€65,674
- Taxes +€92,293
up €92,293 (+844.8%), from €10,925 to €103,218
- Financial income +€13,573
up €13,573 (+1119.6%), from €1,212 to €14,785
- Other operating charges +€7,095
new in 2024: €7,095
- Financial charges +€4,337
up €4,337 (+349.4%), from €1,241 to €5,578
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,031,195 | €2,162,972 | +€131,777 | +6.5% |
| Fixed assets | 21/28 | €283,336 | €665,703 | +€382,367 | +135.0% |
| Tangible fixed assets | 22/27 | €282,611 | €664,978 | +€382,367 | +135.3% |
| Land and buildings | 22 | €282,611 | €662,598 | +€379,986 | +134.5% |
| Plant, machinery and equipment | 23 | €0 | €2,381 | +€2,381 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €725 | €725 | = | 0.0% |
| Current assets | 29/58 | €1,747,859 | €1,497,268 | -€250,590 | -14.3% |
| Amounts receivable after more than one year | 29 | €135,300 | €135,300 | = | 0.0% |
| Other amounts receivable | 291 | €135,300 | €135,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,677 | €101,677 | = | 0.0% |
| Other amounts receivable | 41 | €101,677 | €101,677 | = | 0.0% |
| Current investments | 50/53 | €839,062 | €1,169,134 | +€330,072 | +39.3% |
| Cash at bank and in hand | 54/58 | €671,220 | €91,157 | -€580,063 | -86.4% |
| Deferred charges and accrued income | 490/1 | €600 | - | -€600 | |
| Total equity and liabilities | 10/49 | €2,031,195 | €2,162,972 | +€131,777 | +6.5% |
| Equity | 10/15 | €2,018,768 | €1,784,370 | -€234,398 | -11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €476,860 | €426,860 | -€50,000 | -10.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €475,000 | €425,000 | -€50,000 | -10.5% |
| Profit (loss) carried forward | 14 | €1,523,308 | €1,338,910 | -€184,398 | -12.1% |
| Amounts payable | 17/49 | €12,427 | €378,601 | +€366,175 | +2946.7% |
| Amounts payable after more than one year | 17 | - | €300,000 | +€300,000 | |
| Financial debts | 170/4 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €12,427 | €78,601 | +€66,175 | +532.5% |
| Current portion of amounts payable after more than one year | 42 | €3,927 | - | -€3,927 | |
| Taxes, remuneration and social security | 45 | €8,500 | - | -€8,500 | |
| Taxes | 450/3 | €8,500 | - | -€8,500 | |
| Other amounts payable | 47/48 | - | €78,601 | +€78,601 | |
| Remuneration, social security and pensions | 62 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,730 | €13,618 | +€1,887 | +16.1% |
| Other operating charges | 640/8 | - | €7,095 | +€7,095 | |
| Gross operating margin | 9900 | €109,597 | -€65,674 | -€175,271 | |
| Operating profit (loss) | 9901 | €97,867 | -€90,387 | -€188,254 | |
| Financial income | 75/76B | €1,212 | €14,785 | +€13,573 | +1119.6% |
| Recurring financial income | 75 | €1,212 | €14,785 | +€13,573 | +1119.6% |
| Financial charges | 65/66B | €1,241 | €5,578 | +€4,337 | +349.4% |
| Recurring financial charges | 65 | €1,241 | €5,578 | +€4,337 | +349.4% |
| Profit (loss) for the period before taxes | 9903 | €97,837 | -€81,180 | -€179,018 | |
| Income taxes | 67/77 | €10,925 | €103,218 | +€92,293 | +844.8% |
| Profit (loss) for the period | 9904 | €86,912 | -€184,398 | -€271,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,912 | -€184,398 | -€271,311 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.