NOSTER: 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
NOSTER
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€434,897
2024 · €433,875+€1,022
Equity
€2.9m
2024 · €3.0m-€65,103
Cash
€989,977
2024 · €1.2m-€167,084
Balance sheet total
€5.2m
2024 · €5.6m-€401,977
Largest movements
Assets
- Tangible fixed assets -€181,666
down €181,666 (-4.1%), from €4.4m to €4.2m
- Cash -€167,084
down €167,084 (-14.4%), from €1.2m to €989,977
mainly Contributions, distributions and other (-€500,000) and Debts after one year (-€262,578)
Equity and liabilities
- Debts after one year -€262,578
down €262,578 (-15.0%), from €1.8m to €1.5m
- Trade debts -€70,950
down €70,950 (-91.4%), from €77,641 to €6,692
- Profit (loss) carried forward -€65,103
down €65,103 (-2.7%), from €2.4m to €2.4m
Income statement
- Turnover +€24,998
up €24,998 (+2.8%), from €908,975 to €933,973
- Depreciation +€12,610
up €12,610 (+4.8%), from €264,371 to €276,981
- Services and other goods +€11,195
up €11,195 (+44.5%), from €25,171 to €36,366
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
€433,875
Turnover
+€24,998
Other operating income
+€2,190
Services and other goods
-€11,195
Depreciation
-€12,610
Other operating charges
-€2,224
Financial income
-€1,916
Financial charges
+€5,070
Taxes
-€3,291
Result 2025
€434,897
raises the resultlowers the result
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.
From operations
+€690,291
Investment
-€95,315
Financing
-€762,059
Cash 2024
€1.2m
From operations (derived)
+€690,291
Net result for the year
+€434,897
Depreciation
+€276,981
Receivables within one year
+€53,228
Trade debts
-€70,950
Tax, wage and social debts
-€3,865
Investment (derived)
-€95,315
Investment in fixed assets (net)
-€95,315
Financing
-€762,059
Debts after one year
-€262,578
Current portion of long-term debt
+€519
Contributions, distributions and other
-€500,000
Cash 2025
€989,977
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,609,858 | €5,207,880 | -€401,977 | -7.2% |
| Fixed assets | 21/28 | €4,398,955 | €4,217,289 | -€181,666 | -4.1% |
| Tangible fixed assets | 22/27 | €4,398,955 | €4,217,289 | -€181,666 | -4.1% |
| Land and buildings | 22 | €4,398,955 | €4,217,289 | -€181,666 | -4.1% |
| Current assets | 29/58 | €1,210,903 | €990,592 | -€220,311 | -18.2% |
| Amounts receivable within one year | 40/41 | €53,843 | €615 | -€53,228 | -98.9% |
| Trade receivables | 40 | €50,501 | - | -€50,501 | |
| Other amounts receivable | 41 | €3,342 | €615 | -€2,727 | -81.6% |
| Cash at bank and in hand | 54/58 | €1,157,060 | €989,977 | -€167,084 | -14.4% |
| Total equity and liabilities | 10/49 | €5,609,858 | €5,207,880 | -€401,977 | -7.2% |
| Equity | 10/15 | €2,979,316 | €2,914,213 | -€65,103 | -2.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,429,316 | €2,364,213 | -€65,103 | -2.7% |
| Amounts payable | 17/49 | €2,630,541 | €2,293,667 | -€336,874 | -12.8% |
| Amounts payable after more than one year | 17 | €1,755,832 | €1,493,255 | -€262,578 | -15.0% |
| Financial debts | 170/4 | €1,755,832 | €1,493,255 | -€262,578 | -15.0% |
| Credit institutions | 173 | €1,755,832 | €1,493,255 | -€262,578 | -15.0% |
| Amounts payable within one year | 42/48 | €874,709 | €800,413 | -€74,296 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €262,059 | €262,578 | +€519 | +0.2% |
| Trade debts | 44 | €77,641 | €6,692 | -€70,950 | -91.4% |
| Suppliers | 440/4 | €77,641 | €6,692 | -€70,950 | -91.4% |
| Taxes, remuneration and social security | 45 | €35,008 | €31,143 | -€3,865 | -11.0% |
| Taxes | 450/3 | €35,008 | €31,143 | -€3,865 | -11.0% |
| Other amounts payable | 47/48 | €500,000 | €500,000 | = | 0.0% |
| Operating income | 70/76A | €978,749 | €1,005,937 | +€27,188 | +2.8% |
| Turnover | 70 | €908,975 | €933,973 | +€24,998 | +2.8% |
| Other operating income | 74 | €69,774 | €71,964 | +€2,190 | +3.1% |
| Operating charges | 60/66A | €360,418 | €386,447 | +€26,029 | +7.2% |
| Services and other goods | 61 | €25,171 | €36,366 | +€11,195 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,371 | €276,981 | +€12,610 | +4.8% |
| Other operating charges | 640/8 | €70,876 | €73,100 | +€2,224 | +3.1% |
| Operating profit (loss) | 9901 | €618,331 | €619,490 | +€1,159 | +0.2% |
| Financial income | 75/76B | €1,916 | - | -€1,916 | |
| Recurring financial income | 75 | €1,916 | - | -€1,916 | |
| Other financial income | 752/9 | €1,916 | - | -€1,916 | |
| Financial charges | 65/66B | €41,096 | €36,025 | -€5,070 | -12.3% |
| Recurring financial charges | 65 | €41,096 | €36,025 | -€5,070 | -12.3% |
| Debt charges | 650 | €40,889 | €35,814 | -€5,074 | -12.4% |
| Other financial charges | 652/9 | €207 | €211 | +€4 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €579,152 | €583,464 | +€4,313 | +0.7% |
| Income taxes | 67/77 | €145,277 | €148,568 | +€3,291 | +2.3% |
| Taxes | 670/3 | €145,277 | €148,568 | +€3,291 | +2.3% |
| Profit (loss) for the period | 9904 | €433,875 | €434,897 | +€1,022 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €433,875 | €434,897 | +€1,022 | +0.2% |
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 22 October 2026 via checked.be.