NOULLET CONSULT: 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.
NOULLET CONSULT
Largest movements
- Cash +€3,567
up €3,567 (+57.2%), from €6,232 to €9,799
mainly Net result for the year (+€4,647) and Depreciation (+€1,742)
- Deferred charges and accrued income -€463
no longer reported in 2025 (was €463)
- Receivables within one year -€347
down €347 (-24.9%), from €1,393 to €1,045
of which Trade receivables: -€1,393
- Reserves +€4,647
up €4,647 (+250%), from €1,860 to €6,507
of which Distributable reserves: +€4,647
- Other debts -€983
no longer reported in 2025 (was €983)
- Tax, wage and social debts -€967
down €967 (-41.9%), from €2,306 to €1,339
- Gross operating margin -€2,276
down €2,276 (-16.8%), from €13,530 to €11,254
- Depreciation +€275
up €275 (+18.7%), from €1,467 to €1,742
- Taxes -€185
down €185 (-5.1%), from €3,651 to €3,466
- Financial charges +€158
up €158 (+226%), from €70 to €228
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 | €11,541 | €14,346 | +€2,805 | +24.3% |
| Fixed assets | 21/28 | €3,454 | €3,502 | +€48 | +1.4% |
| Tangible fixed assets | 22/27 | €3,454 | €3,502 | +€48 | +1.4% |
| Plant, machinery and equipment | 23 | €275 | - | -€275 | |
| Furniture and vehicles | 24 | €3,179 | €3,502 | +€323 | +10.2% |
| Current assets | 29/58 | €8,088 | €10,844 | +€2,757 | +34.1% |
| Amounts receivable within one year | 40/41 | €1,393 | €1,045 | -€347 | -24.9% |
| Trade receivables | 40 | €1,393 | - | -€1,393 | |
| Other amounts receivable | 41 | - | €1,045 | +€1,045 | |
| Cash at bank and in hand | 54/58 | €6,232 | €9,799 | +€3,567 | +57.2% |
| Deferred charges and accrued income | 490/1 | €463 | - | -€463 | |
| Total equity and liabilities | 10/49 | €11,541 | €14,346 | +€2,805 | +24.3% |
| Equity | 10/15 | €8,060 | €12,707 | +€4,647 | +57.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €6,507 | +€4,647 | +250% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €4,647 | +€4,647 | |
| Amounts payable | 17/49 | €3,481 | €1,639 | -€1,842 | -52.9% |
| Amounts payable within one year | 42/48 | €3,481 | €1,639 | -€1,842 | -52.9% |
| Trade debts | 44 | €192 | €300 | +€108 | +56.1% |
| Suppliers | 440/4 | €192 | €300 | +€108 | +56.1% |
| Taxes, remuneration and social security | 45 | €2,306 | €1,339 | -€967 | -41.9% |
| Taxes | 450/3 | €2,306 | €1,339 | -€967 | -41.9% |
| Other amounts payable | 47/48 | €983 | - | -€983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467 | €1,742 | +€275 | +18.7% |
| Other operating charges | 640/8 | €1,137 | €1,172 | +€34 | +3.0% |
| Gross operating margin | 9900 | €13,530 | €11,254 | -€2,276 | -16.8% |
| Operating profit (loss) | 9901 | €10,926 | €8,341 | -€2,585 | -23.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €70 | €228 | +€158 | +226% |
| Recurring financial charges | 65 | €70 | €228 | +€158 | +226% |
| Profit (loss) for the period before taxes | 9903 | €10,856 | €8,113 | -€2,743 | -25.3% |
| Income taxes | 67/77 | €3,651 | €3,466 | -€185 | -5.1% |
| Profit (loss) for the period | 9904 | €7,205 | €4,647 | -€2,558 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,205 | €4,647 | -€2,558 | -35.5% |
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 20 October 2026 via checked.be.