NoXcuse: what changed
Two fiscal 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.
NoXcuse
Largest movements
- Receivables within one year +€16,068
new in 2025: €16,068
- Cash +€2,029
up €2,029 (+7404.2%), from €27 to €2,056
mainly Trade debts (+€20,552) and Advances received (+€18,349)
- Trade debts +€20,552
new in 2025: €20,552
- Profit (loss) carried forward -€20,370
down €20,370 (-192.9%), from -€10,558 to -€30,929
- Advances received +€18,349
new in 2025: €18,349
- Tax, wage and social debts -€412
down €412 (-70.5%), from €584 to €172
- Gross operating margin -€18,610
down €18,610 (-1197.2%), from -€1,554 to -€20,165
- Financial charges -€1,395
down €1,395 (-95.5%), from €1,462 to €66
- Depreciation -€429
no longer reported in 2025 (was €429)
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 | €27 | €18,124 | +€18,096 | +66044.9% |
| Current assets | 29/58 | €27 | €18,124 | +€18,096 | +66044.9% |
| Amounts receivable within one year | 40/41 | - | €16,068 | +€16,068 | |
| Trade receivables | 40 | - | €16,068 | +€16,068 | |
| Cash at bank and in hand | 54/58 | €27 | €2,056 | +€2,029 | +7404.2% |
| Total equity and liabilities | 10/49 | €27 | €18,124 | +€18,096 | +66044.9% |
| Equity | 10/15 | -€6,558 | -€26,929 | -€20,370 | -310.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,558 | -€30,929 | -€20,370 | -192.9% |
| Amounts payable | 17/49 | €6,586 | €45,052 | +€38,466 | +584.1% |
| Amounts payable within one year | 42/48 | €6,586 | €45,052 | +€38,466 | +584.1% |
| Trade debts | 44 | - | €20,552 | +€20,552 | |
| Suppliers | 440/4 | - | €20,552 | +€20,552 | |
| Advances received on contracts in progress | 46 | - | €18,349 | +€18,349 | |
| Taxes, remuneration and social security | 45 | €584 | €172 | -€412 | -70.5% |
| Taxes | 450/3 | €584 | €172 | -€412 | -70.5% |
| Other amounts payable | 47/48 | €6,002 | €5,979 | -€23 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | - | -€429 | |
| Other operating charges | 640/8 | - | €139 | +€139 | |
| Gross operating margin | 9900 | -€1,554 | -€20,165 | -€18,610 | -1197.2% |
| Operating profit (loss) | 9901 | -€1,983 | -€20,304 | -€18,321 | -923.8% |
| Financial charges | 65/66B | €1,462 | €66 | -€1,395 | -95.5% |
| Recurring financial charges | 65 | €1,462 | €66 | -€1,395 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,445 | -€20,370 | -€16,925 | -491.3% |
| Profit (loss) for the period | 9904 | -€3,445 | -€20,370 | -€16,925 | -491.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,445 | -€20,370 | -€16,925 | -491.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.