NOULA: 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.
NOULA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€432
down €432 (-4.0%), from -€10,789 to -€11,221
- Trade debts +€257
new in 2025: €257
- Other debts +€132
up €132 (+4.8%), from €2,761 to €2,892
- Other operating charges -€437
no longer reported in 2025 (was €437)
- Gross operating margin -€51
down €51 (-25.0%), from -€206 to -€257
- Financial charges +€11
up €11 (+6.7%), from €164 to €175
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,372 | €4,350 | -€22 | -0.5% |
| Fixed assets | 21/28 | €4,350 | €4,350 | = | 0.0% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €22 | - | -€22 | |
| Cash at bank and in hand | 54/58 | €22 | - | -€22 | |
| Total equity and liabilities | 10/49 | €4,372 | €4,350 | -€22 | -0.5% |
| Equity | 10/15 | €1,611 | €1,179 | -€432 | -26.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,789 | -€11,221 | -€432 | -4.0% |
| Amounts payable | 17/49 | €2,761 | €3,171 | +€410 | +14.9% |
| Amounts payable within one year | 42/48 | €2,761 | €3,171 | +€410 | +14.9% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | - | €257 | +€257 | |
| Suppliers | 440/4 | - | €257 | +€257 | |
| Other amounts payable | 47/48 | €2,761 | €2,892 | +€132 | +4.8% |
| Other operating charges | 640/8 | €437 | - | -€437 | |
| Gross operating margin | 9900 | -€206 | -€257 | -€51 | -25.0% |
| Operating profit (loss) | 9901 | -€643 | -€257 | +€386 | +60.0% |
| Financial charges | 65/66B | €164 | €175 | +€11 | +6.7% |
| Recurring financial charges | 65 | €164 | €175 | +€11 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€807 | -€432 | +€375 | +46.5% |
| Profit (loss) for the period | 9904 | -€807 | -€432 | +€375 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€807 | -€432 | +€375 | +46.5% |
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 9 October 2026 via checked.be.