nourist: 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.
nourist
Largest movements
- Intangible fixed assets +€20,747
up €20,747 (+88.7%), from €23,394 to €44,141
- Receivables within one year -€4,561
down €4,561 (-50.3%), from €9,060 to €4,499
of which Trade receivables: -€3,956
- Stocks and contracts -€3,777
down €3,777 (-7.8%), from €48,662 to €44,885
- Tangible fixed assets -€1,986
down €1,986 (-18.1%), from €10,967 to €8,981
of which Furniture and vehicles: -€1,352
- Reserves +€19,902
up €19,902 (+106%), from €18,693 to €38,594
- Short-term financial debts -€17,933
down €17,933 (-71.2%), from €25,176 to €7,242
- Other debts +€11,932
up €11,932 (+781%), from €1,527 to €13,459
- Tax, wage and social debts +€5,097
up €5,097 (+54.8%), from €9,302 to €14,400
- Debts after one year -€4,850
down €4,850 (-22.4%), from €21,620 to €16,771
- Gross operating margin +€13,433
up €13,433 (+41.0%), from €32,779 to €46,212
- Depreciation +€7,153
up €7,153 (+170%), from €4,197 to €11,350
- Financial charges +€2,988
up €2,988 (+140%), from €2,132 to €5,119
- Other operating charges +€1,721
up €1,721 (+307%), from €560 to €2,281
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 | €94,634 | €104,845 | +€10,211 | +10.8% |
| Formation expenses | 20 | €111 | €0 | -€111 | -100% |
| Fixed assets | 21/28 | €34,361 | €53,122 | +€18,761 | +54.6% |
| Intangible fixed assets | 21 | €23,394 | €44,141 | +€20,747 | +88.7% |
| Tangible fixed assets | 22/27 | €10,967 | €8,981 | -€1,986 | -18.1% |
| Furniture and vehicles | 24 | €4,749 | €3,397 | -€1,352 | -28.5% |
| Other tangible fixed assets | 26 | €6,218 | €5,583 | -€634 | -10.2% |
| Current assets | 29/58 | €60,162 | €51,723 | -€8,439 | -14.0% |
| Stocks and contracts in progress | 3 | €48,662 | €44,885 | -€3,777 | -7.8% |
| Stocks | 30/36 | €48,662 | €44,885 | -€3,777 | -7.8% |
| Amounts receivable within one year | 40/41 | €9,060 | €4,499 | -€4,561 | -50.3% |
| Trade receivables | 40 | €8,454 | €4,499 | -€3,956 | -46.8% |
| Other amounts receivable | 41 | €605 | €0 | -€605 | -100% |
| Cash at bank and in hand | 54/58 | €1,188 | €2,007 | +€818 | +68.9% |
| Deferred charges and accrued income | 490/1 | €1,253 | €333 | -€920 | -73.4% |
| Total equity and liabilities | 10/49 | €94,634 | €104,845 | +€10,211 | +10.8% |
| Equity | 10/15 | €21,693 | €41,594 | +€19,902 | +91.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,693 | €38,594 | +€19,902 | +106% |
| Distributable reserves | 133 | €18,693 | €38,594 | +€19,902 | +106% |
| Amounts payable | 17/49 | €72,941 | €63,251 | -€9,691 | -13.3% |
| Amounts payable after more than one year | 17 | €21,620 | €16,771 | -€4,850 | -22.4% |
| Financial debts | 170/4 | €21,620 | €16,771 | -€4,850 | -22.4% |
| Amounts payable within one year | 42/48 | €50,536 | €46,480 | -€4,056 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €4,651 | €5,080 | +€429 | +9.2% |
| Financial debts | 43 | €25,176 | €7,242 | -€17,933 | -71.2% |
| Credit institutions | 430/8 | €25,176 | €7,242 | -€17,933 | -71.2% |
| Trade debts | 44 | €9,881 | €6,299 | -€3,582 | -36.2% |
| Suppliers | 440/4 | €9,881 | €6,299 | -€3,582 | -36.2% |
| Taxes, remuneration and social security | 45 | €9,302 | €14,400 | +€5,097 | +54.8% |
| Taxes | 450/3 | €9,302 | €14,400 | +€5,097 | +54.8% |
| Other amounts payable | 47/48 | €1,527 | €13,459 | +€11,932 | +781% |
| Accrued charges and deferred income | 492/3 | €785 | €0 | -€785 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,197 | €11,350 | +€7,153 | +170% |
| Other operating charges | 640/8 | €560 | €2,281 | +€1,721 | +307% |
| Gross operating margin | 9900 | €32,779 | €46,212 | +€13,433 | +41.0% |
| Operating profit (loss) | 9901 | €28,022 | €32,581 | +€4,559 | +16.3% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €2,132 | €5,119 | +€2,988 | +140% |
| Recurring financial charges | 65 | €2,132 | €5,119 | +€2,988 | +140% |
| Profit (loss) for the period before taxes | 9903 | €25,890 | €27,482 | +€1,591 | +6.1% |
| Income taxes | 67/77 | €7,198 | €7,580 | +€382 | +5.3% |
| Profit (loss) for the period | 9904 | €18,693 | €19,902 | +€1,209 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,693 | €19,902 | +€1,209 | +6.5% |
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 21 October 2026 via checked.be.