Nosse Moulin: 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.
Nosse Moulin
Largest movements
- Cash +€238,591
up €238,591 (+119%), from €201,057 to €439,648
mainly Contributions, distributions and other (+€377,044) and Current investments (+€50,000)
- Financial fixed assets +€185,429
up €185,429 (+13.1%), from €1.4m to €1.6m
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Contributions +€411,000
up €411,000 (+30.3%), from €1.4m to €1.8m
- Profit (loss) carried forward -€23,403
down €23,403 (-14.9%), from €156,874 to €133,471
- Financial income -€30,813
down €30,813 (-39.9%), from €77,256 to €46,443
- Staff costs +€17,292
up €17,292 (+216%), from €7,996 to €25,288
- Taxes -€8,329
no longer reported in 2025 (was €8,329)
- Gross operating margin +€5,132
up €5,132 (+43.9%), from -€11,679 to -€6,547
- Depreciation +€3,879
up €3,879 (+208%), from €1,867 to €5,746
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 | €1,725,573 | €2,095,587 | +€370,015 | +21.4% |
| Fixed assets | 21/28 | €1,436,002 | €1,617,955 | +€181,952 | +12.7% |
| Intangible fixed assets | 21 | €24,339 | €20,863 | -€3,476 | -14.3% |
| Financial fixed assets | 28 | €1,411,663 | €1,597,092 | +€185,429 | +13.1% |
| Current assets | 29/58 | €289,571 | €477,633 | +€188,062 | +64.9% |
| Amounts receivable within one year | 40/41 | €33,612 | €36,105 | +€2,493 | +7.4% |
| Trade receivables | 40 | €2,756 | €3,313 | +€557 | +20.2% |
| Other amounts receivable | 41 | €30,856 | €32,792 | +€1,936 | +6.3% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €201,057 | €439,648 | +€238,591 | +119% |
| Deferred charges and accrued income | 490/1 | €4,902 | €1,880 | -€3,023 | -61.7% |
| Total equity and liabilities | 10/49 | €1,725,573 | €2,095,587 | +€370,015 | +21.4% |
| Equity | 10/15 | €1,609,198 | €1,993,997 | +€384,799 | +23.9% |
| Contributions | 10/11 | €1,355,250 | €1,766,250 | +€411,000 | +30.3% |
| Reserves | 13 | €97,073 | €94,275 | -€2,798 | -2.9% |
| Non-distributable reserves | 130/1 | €11,567 | €11,567 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,567 | €11,567 | = | 0.0% |
| Distributable reserves | 133 | €85,506 | €82,708 | -€2,798 | -3.3% |
| Profit (loss) carried forward | 14 | €156,874 | €133,471 | -€23,403 | -14.9% |
| Amounts payable | 17/49 | €116,375 | €101,591 | -€14,784 | -12.7% |
| Amounts payable within one year | 42/48 | €115,602 | €101,296 | -€14,306 | -12.4% |
| Trade debts | 44 | €57,534 | €52,585 | -€4,949 | -8.6% |
| Suppliers | 440/4 | €57,534 | €52,585 | -€4,949 | -8.6% |
| Taxes, remuneration and social security | 45 | €921 | €2,862 | +€1,941 | +211% |
| Remuneration and social security | 454/9 | €921 | €2,862 | +€1,941 | +211% |
| Other amounts payable | 47/48 | €57,147 | €45,849 | -€11,298 | -19.8% |
| Accrued charges and deferred income | 492/3 | €773 | €295 | -€478 | -61.8% |
| Remuneration, social security and pensions | 62 | €7,996 | €25,288 | +€17,292 | +216% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,867 | €5,746 | +€3,879 | +208% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€11,679 | -€6,547 | +€5,132 | +43.9% |
| Operating profit (loss) | 9901 | -€22,510 | -€38,580 | -€16,069 | -71.4% |
| Financial income | 75/76B | €77,256 | €46,443 | -€30,813 | -39.9% |
| Recurring financial income | 75 | €77,256 | €46,443 | -€30,813 | -39.9% |
| Financial charges | 65/66B | €168 | €109 | -€60 | -35.5% |
| Recurring financial charges | 65 | €168 | €109 | -€60 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €54,577 | €7,755 | -€46,823 | -85.8% |
| Income taxes | 67/77 | €8,329 | - | -€8,329 | |
| Profit (loss) for the period | 9904 | €46,248 | €7,755 | -€38,493 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,248 | €7,755 | -€38,493 | -83.2% |
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 17 October 2026 via checked.be.