NOSEI: 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.
NOSEI
Largest movements
- Cash +€50,815
up €50,815 (+114%), from €44,695 to €95,510
mainly Net result for the year (+€121,579) and Depreciation (+€22,281)
- Receivables within one year +€39,143
up €39,143 (+38.4%), from €102,011 to €141,154
of which Trade receivables: +€43,884
- Financial fixed assets -€26,109
down €26,109 (-100%), from €26,109 to €0
- Reserves +€75,546
up €75,546 (+14.9%), from €507,213 to €582,759
- Debts after one year -€29,769
down €29,769 (-8.6%), from €345,642 to €315,873
of which Financial debts: -€30,529
- Tax, wage and social debts +€19,643
up €19,643 (+58.3%), from €33,688 to €53,332
of which Taxes: +€20,214
- Gross operating margin +€31,515
up €31,515 (+16.2%), from €195,083 to €226,598
- Taxes +€8,439
up €8,439 (+19.5%), from €43,385 to €51,824
- Other operating charges -€4,169
down €4,169 (-55.6%), from €7,504 to €3,335
- Financial charges -€3,555
down €3,555 (-42.5%), from €8,355 to €4,801
- Depreciation +€2,577
up €2,577 (+13.1%), from €19,704 to €22,281
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.
Derived cash bridge
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 | €931,900 | €993,242 | +€61,342 | +6.6% |
| Fixed assets | 21/28 | €781,150 | €747,961 | -€33,189 | -4.2% |
| Tangible fixed assets | 22/27 | €755,041 | €747,961 | -€7,080 | -0.9% |
| Land and buildings | 22 | €755,041 | €735,632 | -€19,408 | -2.6% |
| Plant, machinery and equipment | 23 | €0 | €1,662 | +€1,662 | |
| Furniture and vehicles | 24 | - | €10,666 | +€10,666 | |
| Financial fixed assets | 28 | €26,109 | €0 | -€26,109 | -100% |
| Current assets | 29/58 | €150,750 | €245,282 | +€94,531 | +62.7% |
| Amounts receivable after more than one year | 29 | - | €5,274 | +€5,274 | |
| Other amounts receivable | 291 | - | €5,274 | +€5,274 | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €102,011 | €141,154 | +€39,143 | +38.4% |
| Trade receivables | 40 | €72,555 | €116,439 | +€43,884 | +60.5% |
| Other amounts receivable | 41 | €29,456 | €24,714 | -€4,742 | -16.1% |
| Cash at bank and in hand | 54/58 | €44,695 | €95,510 | +€50,815 | +114% |
| Deferred charges and accrued income | 490/1 | €4,044 | €3,343 | -€701 | -17.3% |
| Total equity and liabilities | 10/49 | €931,900 | €993,242 | +€61,342 | +6.6% |
| Equity | 10/15 | €514,345 | €589,891 | +€75,546 | +14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €507,213 | €582,759 | +€75,546 | +14.9% |
| Distributable reserves | 133 | €507,213 | €582,759 | +€75,546 | +14.9% |
| Profit (loss) carried forward | 14 | €932 | €932 | = | 0.0% |
| Amounts payable | 17/49 | €417,555 | €403,351 | -€14,204 | -3.4% |
| Amounts payable after more than one year | 17 | €345,642 | €315,873 | -€29,769 | -8.6% |
| Financial debts | 170/4 | €345,642 | €315,113 | -€30,529 | -8.8% |
| Other amounts payable | 178/9 | - | €760 | +€760 | |
| Amounts payable within one year | 42/48 | €71,913 | €87,478 | +€15,565 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €30,307 | €30,529 | +€222 | +0.7% |
| Financial debts | 43 | €2,227 | €403 | -€1,824 | -81.9% |
| Other loans | 439 | €2,227 | €403 | -€1,824 | -81.9% |
| Trade debts | 44 | €3,707 | €2,455 | -€1,252 | -33.8% |
| Suppliers | 440/4 | €3,707 | €2,455 | -€1,252 | -33.8% |
| Taxes, remuneration and social security | 45 | €33,688 | €53,332 | +€19,643 | +58.3% |
| Taxes | 450/3 | €30,186 | €50,400 | +€20,214 | +67.0% |
| Remuneration and social security | 454/9 | €3,502 | €2,931 | -€571 | -16.3% |
| Other amounts payable | 47/48 | €1,984 | €760 | -€1,224 | -61.7% |
| Remuneration, social security and pensions | 62 | €23,101 | €23,691 | +€589 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,704 | €22,281 | +€2,577 | +13.1% |
| Other operating charges | 640/8 | €7,504 | €3,335 | -€4,169 | -55.6% |
| Gross operating margin | 9900 | €195,083 | €226,598 | +€31,515 | +16.2% |
| Operating profit (loss) | 9901 | €144,775 | €177,291 | +€32,517 | +22.5% |
| Financial income | 75/76B | €1,207 | €913 | -€295 | -24.4% |
| Recurring financial income | 75 | €1,207 | €913 | -€295 | -24.4% |
| Financial charges | 65/66B | €8,355 | €4,801 | -€3,555 | -42.5% |
| Recurring financial charges | 65 | €8,355 | €4,801 | -€3,555 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €137,627 | €173,404 | +€35,777 | +26.0% |
| Income taxes | 67/77 | €43,385 | €51,824 | +€8,439 | +19.5% |
| Profit (loss) for the period | 9904 | €94,242 | €121,579 | +€27,338 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,242 | €121,579 | +€27,338 | +29.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.