NOUT: 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.
NOUT
Largest movements
- Receivables within one year -€83,117
down €83,117 (-87.9%), from €94,607 to €11,490
of which Trade receivables: -€87,630
- Tangible fixed assets -€19,632
down €19,632 (-19.1%), from €102,581 to €82,949
of which Furniture and vehicles: -€16,966
- Cash -€15,022
down €15,022 (-38.0%), from €39,521 to €24,500
mainly Trade debts (-€88,874) and Debts after one year (-€8,992)
- Deferred charges and accrued income +€8,399
up €8,399 (+2,412%), from €348 to €8,747
- Trade debts -€88,874
down €88,874 (-90.3%), from €98,412 to €9,538
- Debts after one year -€8,992
down €8,992 (-25.5%), from €35,299 to €26,307
- Tax, wage and social debts -€6,636
down €6,636 (-86.8%), from €7,648 to €1,012
- Other debts -€6,600
down €6,600 (-75.1%), from €8,789 to €2,189
- Depreciation +€10,535
up €10,535 (+116%), from €9,097 to €19,632
- Gross operating margin +€8,009
up €8,009 (+37.6%), from €21,321 to €29,330
- Other operating charges -€4,319
down €4,319 (-43.4%), from €9,956 to €5,638
- Financial charges +€967
up €967 (+82.1%), from €1,179 to €2,146
- Taxes -€426
down €426 (-40.6%), from €1,049 to €623
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 | €237,058 | €127,686 | -€109,372 | -46.1% |
| Fixed assets | 21/28 | €102,581 | €82,949 | -€19,632 | -19.1% |
| Tangible fixed assets | 22/27 | €102,581 | €82,949 | -€19,632 | -19.1% |
| Land and buildings | 22 | €25,160 | €22,494 | -€2,667 | -10.6% |
| Furniture and vehicles | 24 | €77,421 | €60,455 | -€16,966 | -21.9% |
| Current assets | 29/58 | €134,477 | €44,737 | -€89,739 | -66.7% |
| Amounts receivable within one year | 40/41 | €94,607 | €11,490 | -€83,117 | -87.9% |
| Trade receivables | 40 | €88,241 | €611 | -€87,630 | -99.3% |
| Other amounts receivable | 41 | €6,367 | €10,880 | +€4,513 | +70.9% |
| Cash at bank and in hand | 54/58 | €39,521 | €24,500 | -€15,022 | -38.0% |
| Deferred charges and accrued income | 490/1 | €348 | €8,747 | +€8,399 | +2,412% |
| Total equity and liabilities | 10/49 | €237,058 | €127,686 | -€109,372 | -46.1% |
| Equity | 10/15 | €78,358 | €79,648 | +€1,290 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,898 | €59,188 | +€1,290 | +2.2% |
| Amounts payable | 17/49 | €158,700 | €48,038 | -€110,662 | -69.7% |
| Amounts payable after more than one year | 17 | €35,299 | €26,307 | -€8,992 | -25.5% |
| Financial debts | 170/4 | €35,299 | €26,307 | -€8,992 | -25.5% |
| Amounts payable within one year | 42/48 | €123,400 | €21,731 | -€101,670 | -82.4% |
| Current portion of amounts payable after more than one year | 42 | €8,551 | €8,992 | +€440 | +5.2% |
| Trade debts | 44 | €98,412 | €9,538 | -€88,874 | -90.3% |
| Suppliers | 440/4 | €98,412 | €9,538 | -€88,874 | -90.3% |
| Taxes, remuneration and social security | 45 | €7,648 | €1,012 | -€6,636 | -86.8% |
| Taxes | 450/3 | €7,648 | €1,012 | -€6,636 | -86.8% |
| Other amounts payable | 47/48 | €8,789 | €2,189 | -€6,600 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,097 | €19,632 | +€10,535 | +116% |
| Other operating charges | 640/8 | €9,956 | €5,638 | -€4,319 | -43.4% |
| Gross operating margin | 9900 | €21,321 | €29,330 | +€8,009 | +37.6% |
| Operating profit (loss) | 9901 | €2,267 | €4,059 | +€1,792 | +79.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,179 | €2,146 | +€967 | +82.1% |
| Recurring financial charges | 65 | €1,179 | €2,146 | +€967 | +82.1% |
| Profit (loss) for the period before taxes | 9903 | €1,089 | €1,913 | +€824 | +75.7% |
| Income taxes | 67/77 | €1,049 | €623 | -€426 | -40.6% |
| Profit (loss) for the period | 9904 | €40 | €1,290 | +€1,250 | +3,130% |
| Profit (loss) for the period to be appropriated | 9905 | €40 | €1,290 | +€1,250 | +3,130% |
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 14 October 2026 via checked.be.