NOUNA: 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.
NOUNA
Largest movements
- Tangible fixed assets +€539,735
up €539,735 (+59.2%), from €912,377 to €1.5m
of which Land and buildings: +€538,831
- Receivables within one year -€231,605
down €231,605 (-94.2%), from €245,808 to €14,203
of which Other amounts receivable: -€237,618
- Cash -€15,692
down €15,692 (-77.7%), from €20,205 to €4,514
mainly Investment in fixed assets (net) (-€602,826) and Net result for the year (-€31,770)
- Other debts +€332,313
up €332,313 (+106%), from €313,110 to €645,423
- Current portion of long-term debt -€29,952
no longer reported in 2025 (was €29,952)
- Trade debts +€25,521
up €25,521 (+190%), from €13,439 to €38,960
- Profit (loss) carried forward -€22,478
down €22,478 (-0.7%), from -€3.4m to -€3.4m
- Other operating charges +€21,852
up €21,852 (+85.3%), from €25,623 to €47,475
- Gross operating margin +€11,214
up €11,214 (+9.6%), from €116,573 to €127,787
- Depreciation +€9,994
up €9,994 (+18.8%), from €53,097 to €63,090
- Financial charges +€2,138
up €2,138 (+38.2%), from €5,599 to €7,737
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 | €1,178,429 | €1,470,867 | +€292,438 | +24.8% |
| Fixed assets | 21/28 | €912,415 | €1,452,150 | +€539,735 | +59.2% |
| Tangible fixed assets | 22/27 | €912,377 | €1,452,113 | +€539,735 | +59.2% |
| Land and buildings | 22 | €902,372 | €1,441,204 | +€538,831 | +59.7% |
| Plant, machinery and equipment | 23 | - | €3,140 | +€3,140 | |
| Furniture and vehicles | 24 | €10,005 | €7,769 | -€2,236 | -22.3% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €266,014 | €18,717 | -€247,297 | -93.0% |
| Amounts receivable within one year | 40/41 | €245,808 | €14,203 | -€231,605 | -94.2% |
| Trade receivables | 40 | €8,190 | €14,203 | +€6,013 | +73.4% |
| Other amounts receivable | 41 | €237,618 | - | -€237,618 | |
| Cash at bank and in hand | 54/58 | €20,205 | €4,514 | -€15,692 | -77.7% |
| Total equity and liabilities | 10/49 | €1,178,429 | €1,470,867 | +€292,438 | +24.8% |
| Equity | 10/15 | €405,248 | €373,477 | -€31,770 | -7.8% |
| Contributions | 10/11 | €3,356,350 | €3,356,350 | = | 0.0% |
| Capital | 10 | €3,356,350 | €3,356,350 | = | 0.0% |
| Issued capital | 100 | €3,356,350 | €3,356,350 | = | 0.0% |
| Reserves | 13 | €426,437 | €417,145 | -€9,292 | -2.2% |
| Non-distributable reserves | 130/1 | €104,529 | €104,529 | = | 0.0% |
| Legal reserve | 130 | €104,529 | €104,529 | = | 0.0% |
| Tax-exempt reserves | 132 | €115,431 | €106,138 | -€9,292 | -8.1% |
| Distributable reserves | 133 | €206,477 | €206,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,377,539 | -€3,400,017 | -€22,478 | -0.7% |
| Provisions and deferred taxes | 16 | €59,398 | €54,617 | -€4,782 | -8.1% |
| Deferred taxes | 168 | €59,398 | €54,617 | -€4,782 | -8.1% |
| Amounts payable | 17/49 | €713,783 | €1,042,773 | +€328,990 | +46.1% |
| Amounts payable after more than one year | 17 | €350,562 | €350,201 | -€361 | -0.1% |
| Financial debts | 170/4 | €350,562 | €350,201 | -€361 | -0.1% |
| Amounts payable within one year | 42/48 | €363,221 | €692,572 | +€329,352 | +90.7% |
| Current portion of amounts payable after more than one year | 42 | €29,952 | - | -€29,952 | |
| Trade debts | 44 | €13,439 | €38,960 | +€25,521 | +190% |
| Suppliers | 440/4 | €13,439 | €38,960 | +€25,521 | +190% |
| Taxes, remuneration and social security | 45 | €6,720 | €8,190 | +€1,469 | +21.9% |
| Taxes | 450/3 | €1,328 | €1,397 | +€69 | +5.2% |
| Remuneration and social security | 454/9 | €5,393 | €6,793 | +€1,400 | +26.0% |
| Other amounts payable | 47/48 | €313,110 | €645,423 | +€332,313 | +106% |
| Remuneration, social security and pensions | 62 | €44,255 | €45,268 | +€1,013 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,097 | €63,090 | +€9,994 | +18.8% |
| Other operating charges | 640/8 | €25,623 | €47,475 | +€21,852 | +85.3% |
| Gross operating margin | 9900 | €116,573 | €127,787 | +€11,214 | +9.6% |
| Operating profit (loss) | 9901 | -€6,402 | -€28,046 | -€21,645 | -338% |
| Financial income | 75/76B | €9 | €1 | -€9 | -92.9% |
| Recurring financial income | 75 | €9 | €1 | -€9 | -92.9% |
| Financial charges | 65/66B | €5,599 | €7,737 | +€2,138 | +38.2% |
| Recurring financial charges | 65 | €5,599 | €7,737 | +€2,138 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,991 | -€35,783 | -€23,791 | -198% |
| Transfer from deferred taxes | 780 | €4,782 | €4,782 | = | 0.0% |
| Income taxes | 67/77 | €711 | €769 | +€58 | +8.2% |
| Profit (loss) for the period | 9904 | -€7,921 | -€31,770 | -€23,850 | -301% |
| Transfer from tax-exempt reserves | 789 | €9,292 | €9,292 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,372 | -€22,478 | -€23,850 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.