NOU NOI: 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.
NOU NOI
Largest movements
- Receivables within one year +€55,411
up €55,411 (+81.4%), from €68,097 to €123,507
of which Other amounts receivable: +€65,561
- Tangible fixed assets +€17,247
up €17,247 (+41.4%), from €41,626 to €58,874
of which Furniture and vehicles: +€19,430
- Cash -€2,907
down €2,907 (-8.4%), from €34,803 to €31,895
mainly Receivables within one year (-€55,411) and Investment in fixed assets (net) (-€25,337)
- Trade debts +€44,664
up €44,664 (+87.1%), from €51,291 to €95,955
- Profit (loss) carried forward +€22,198
up €22,198, from -€8,552 to €13,646
- Tax, wage and social debts +€5,781
up €5,781 (+24.5%), from €23,630 to €29,411
of which Remuneration and social security: +€3,858
- Current portion of long-term debt +€4,600
up €4,600 (+23.8%), from €19,363 to €23,963
- Debts after one year -€3,507
down €3,507 (-8.1%), from €43,560 to €40,053
- Gross operating margin +€90,991
up €90,991 (+50.6%), from €179,773 to €270,764
- Staff costs +€44,847
up €44,847 (+25.1%), from €178,510 to €223,357
- Other operating charges +€8,609
up €8,609 (+1,960%), from €439 to €9,049
- Taxes +€4,765
up €4,765 (+3,868%), from €123 to €4,889
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 | €152,496 | €223,494 | +€70,999 | +46.6% |
| Fixed assets | 21/28 | €41,626 | €58,874 | +€17,247 | +41.4% |
| Tangible fixed assets | 22/27 | €41,626 | €58,874 | +€17,247 | +41.4% |
| Plant, machinery and equipment | 23 | €16,874 | €14,965 | -€1,909 | -11.3% |
| Furniture and vehicles | 24 | €22,908 | €42,338 | +€19,430 | +84.8% |
| Other tangible fixed assets | 26 | €1,844 | €1,570 | -€274 | -14.9% |
| Current assets | 29/58 | €110,869 | €164,621 | +€53,751 | +48.5% |
| Stocks and contracts in progress | 3 | €4,936 | €4,568 | -€368 | -7.5% |
| Stocks | 30/36 | €4,936 | €4,568 | -€368 | -7.5% |
| Amounts receivable within one year | 40/41 | €68,097 | €123,507 | +€55,411 | +81.4% |
| Trade receivables | 40 | €10,150 | €0 | -€10,150 | -100% |
| Other amounts receivable | 41 | €57,947 | €123,507 | +€65,561 | +113% |
| Cash at bank and in hand | 54/58 | €34,803 | €31,895 | -€2,907 | -8.4% |
| Deferred charges and accrued income | 490/1 | €3,034 | €4,650 | +€1,616 | +53.3% |
| Total equity and liabilities | 10/49 | €152,496 | €223,494 | +€70,999 | +46.6% |
| Equity | 10/15 | €11,448 | €33,646 | +€22,198 | +194% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,552 | €13,646 | +€22,198 | |
| Amounts payable | 17/49 | €141,047 | €189,848 | +€48,801 | +34.6% |
| Amounts payable after more than one year | 17 | €43,560 | €40,053 | -€3,507 | -8.1% |
| Financial debts | 170/4 | €43,560 | €40,053 | -€3,507 | -8.1% |
| Amounts payable within one year | 42/48 | €97,487 | €149,795 | +€52,308 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €19,363 | €23,963 | +€4,600 | +23.8% |
| Trade debts | 44 | €51,291 | €95,955 | +€44,664 | +87.1% |
| Suppliers | 440/4 | €51,291 | €95,955 | +€44,664 | +87.1% |
| Taxes, remuneration and social security | 45 | €23,630 | €29,411 | +€5,781 | +24.5% |
| Taxes | 450/3 | €2,849 | €4,772 | +€1,923 | +67.5% |
| Remuneration and social security | 454/9 | €20,782 | €24,639 | +€3,858 | +18.6% |
| Other amounts payable | 47/48 | €3,203 | €466 | -€2,737 | -85.5% |
| Remuneration, social security and pensions | 62 | €178,510 | €223,357 | +€44,847 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,786 | €8,089 | +€1,304 | +19.2% |
| Other operating charges | 640/8 | €439 | €9,049 | +€8,609 | +1,960% |
| Gross operating margin | 9900 | €179,773 | €270,764 | +€90,991 | +50.6% |
| Operating profit (loss) | 9901 | -€5,963 | €30,269 | +€36,231 | |
| Financial income | 75/76B | €411 | €178 | -€233 | -56.7% |
| Recurring financial income | 75 | €411 | €178 | -€233 | -56.7% |
| Financial charges | 65/66B | €3,788 | €3,360 | -€428 | -11.3% |
| Recurring financial charges | 65 | €3,788 | €3,360 | -€428 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,340 | €27,087 | +€36,427 | |
| Income taxes | 67/77 | €123 | €4,889 | +€4,765 | +3,868% |
| Profit (loss) for the period | 9904 | -€9,463 | €22,198 | +€31,661 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,463 | €22,198 | +€31,661 |
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 20 October 2026 via checked.be.