NOSA IMMO: 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.
What changed
NOSA IMMO
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,234
2024 · €19,258+€8,976
Equity
€157,713
2024 · €129,479+€28,234
Cash
€7,801
2024 · €5,326+€2,475
Balance sheet total
€626,970
2024 · €642,201-€15,230
Largest movements
Assets
- Tangible fixed assets -€14,760
down €14,760 (-3.0%), from €496,910 to €482,150
Equity and liabilities
- Debts after one year -€40,695
down €40,695 (-12.4%), from €328,200 to €287,504
of which Financial debts: -€40,695
- Profit (loss) carried forward +€28,234
up €28,234 (+32.0%), from €88,221 to €116,455
Income statement
- Gross operating margin +€9,031
up €9,031 (+11.1%), from €81,499 to €90,530
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
€19,258
Gross operating margin
+€9,031
Other operating charges
-€274
Financial charges
+€636
Taxes
-€417
Result 2025
€28,234
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
+€42,302
Investment
€0
Financing
-€39,827
Cash 2024
€5,326
From operations (derived)
+€42,302
Net result for the year
+€28,234
Depreciation
+€14,760
Receivables within one year
+€3,000
Deferred charges and accrued income
-€55
Trade debts
-€2,080
Tax, wage and social debts
+€3,278
Accrued charges and deferred income
-€4,834
Financing
-€39,827
Debts after one year
-€40,695
Current portion of long-term debt
+€869
Cash 2025
€7,801
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,201 | €626,970 | -€15,230 | -2.4% |
| Fixed assets | 21/28 | €496,910 | €482,150 | -€14,760 | -3.0% |
| Tangible fixed assets | 22/27 | €496,910 | €482,150 | -€14,760 | -3.0% |
| Land and buildings | 22 | €496,910 | €482,150 | -€14,760 | -3.0% |
| Current assets | 29/58 | €145,291 | €144,821 | -€470 | -0.3% |
| Amounts receivable within one year | 40/41 | €138,080 | €135,080 | -€3,000 | -2.2% |
| Other amounts receivable | 41 | €138,080 | €135,080 | -€3,000 | -2.2% |
| Cash at bank and in hand | 54/58 | €5,326 | €7,801 | +€2,475 | +46.5% |
| Deferred charges and accrued income | 490/1 | €1,885 | €1,940 | +€55 | +2.9% |
| Total equity and liabilities | 10/49 | €642,201 | €626,970 | -€15,230 | -2.4% |
| Equity | 10/15 | €129,479 | €157,713 | +€28,234 | +21.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €21,258 | €21,258 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €19,258 | €19,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,221 | €116,455 | +€28,234 | +32.0% |
| Amounts payable | 17/49 | €512,722 | €469,258 | -€43,464 | -8.5% |
| Amounts payable after more than one year | 17 | €328,200 | €287,504 | -€40,695 | -12.4% |
| Financial debts | 170/4 | €304,200 | €263,504 | -€40,695 | -13.4% |
| Other amounts payable | 178/9 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €179,687 | €181,753 | +€2,066 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €39,827 | €40,695 | +€869 | +2.2% |
| Trade debts | 44 | €3,000 | €920 | -€2,080 | -69.3% |
| Suppliers | 440/4 | €3,000 | €920 | -€2,080 | -69.3% |
| Taxes, remuneration and social security | 45 | €16,861 | €20,138 | +€3,278 | +19.4% |
| Taxes | 450/3 | €16,861 | €20,138 | +€3,278 | +19.4% |
| Other amounts payable | 47/48 | €120,000 | €120,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,834 | - | -€4,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,760 | €14,760 | = | 0.0% |
| Other operating charges | 640/8 | €29,565 | €29,839 | +€274 | +0.9% |
| Gross operating margin | 9900 | €81,499 | €90,530 | +€9,031 | +11.1% |
| Operating profit (loss) | 9901 | €37,174 | €45,931 | +€8,757 | +23.6% |
| Financial charges | 65/66B | €8,056 | €7,420 | -€636 | -7.9% |
| Recurring financial charges | 65 | €8,056 | €7,420 | -€636 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €29,118 | €38,511 | +€9,393 | +32.3% |
| Income taxes | 67/77 | €9,861 | €10,278 | +€417 | +4.2% |
| Profit (loss) for the period | 9904 | €19,258 | €28,234 | +€8,976 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,258 | €28,234 | +€8,976 | +46.6% |
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.