NOZ: 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.
NOZ
Largest movements
- Tangible fixed assets -€9,043
down €9,043 (-2.5%), from €368,579 to €359,537
- Receivables within one year -€7,156
down €7,156 (-86.7%), from €8,255 to €1,099
of which Trade receivables: -€5,194
- Current investments +€4,000
up €4,000 (+49.7%), from €8,044 to €12,044
- Debts after one year -€8,885
down €8,885 (-3.9%), from €227,661 to €218,776
- Profit (loss) carried forward -€8,381
down €8,381 (-16.2%), from -€51,873 to -€60,254
- Trade debts +€7,646
up €7,646 (+134.4%), from €5,691 to €13,337
- Gross operating margin +€17,931
up €17,931 (+416.2%), from €4,308 to €22,238
- Other operating charges +€2,202
up €2,202 (+354.4%), from €622 to €2,824
- Depreciation +€995
up €995 (+5.9%), from €16,783 to €17,779
- Financial charges -€317
down €317 (-3.1%), from €10,342 to €10,025
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 | €388,281 | €379,784 | -€8,497 | -2.2% |
| Fixed assets | 21/28 | €368,879 | €359,837 | -€9,043 | -2.5% |
| Tangible fixed assets | 22/27 | €368,579 | €359,537 | -€9,043 | -2.5% |
| Land and buildings | 22 | €358,006 | €353,903 | -€4,104 | -1.1% |
| Plant, machinery and equipment | 23 | €1,178 | €552 | -€626 | -53.2% |
| Furniture and vehicles | 24 | €9,395 | €5,082 | -€4,313 | -45.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €19,402 | €19,948 | +€546 | +2.8% |
| Amounts receivable within one year | 40/41 | €8,255 | €1,099 | -€7,156 | -86.7% |
| Trade receivables | 40 | €6,293 | €1,099 | -€5,194 | -82.5% |
| Other amounts receivable | 41 | €1,962 | - | -€1,962 | |
| Current investments | 50/53 | €8,044 | €12,044 | +€4,000 | +49.7% |
| Cash at bank and in hand | 54/58 | €1,638 | €5,006 | +€3,368 | +205.5% |
| Deferred charges and accrued income | 490/1 | €1,464 | €1,798 | +€334 | +22.8% |
| Total equity and liabilities | 10/49 | €388,281 | €379,784 | -€8,497 | -2.2% |
| Equity | 10/15 | -€51,773 | -€60,154 | -€8,381 | -16.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,873 | -€60,254 | -€8,381 | -16.2% |
| Amounts payable | 17/49 | €440,054 | €439,938 | -€116 | 0.0% |
| Amounts payable after more than one year | 17 | €227,661 | €218,776 | -€8,885 | -3.9% |
| Financial debts | 170/4 | €227,661 | €218,776 | -€8,885 | -3.9% |
| Amounts payable within one year | 42/48 | €212,393 | €221,162 | +€8,769 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €8,520 | €8,885 | +€365 | +4.3% |
| Trade debts | 44 | €5,691 | €13,337 | +€7,646 | +134.4% |
| Suppliers | 440/4 | €5,691 | €13,337 | +€7,646 | +134.4% |
| Taxes, remuneration and social security | 45 | €2,207 | €862 | -€1,344 | -60.9% |
| Taxes | 450/3 | €607 | €862 | +€256 | +42.1% |
| Remuneration and social security | 454/9 | €1,600 | - | -€1,600 | |
| Other amounts payable | 47/48 | €195,975 | €198,078 | +€2,103 | +1.1% |
| Non-recurring operating income | 76A | €82 | - | -€82 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,783 | €17,779 | +€995 | +5.9% |
| Other operating charges | 640/8 | €622 | €2,824 | +€2,202 | +354.4% |
| Non-recurring operating charges | 66A | €68 | - | -€68 | |
| Gross operating margin | 9900 | €4,308 | €22,238 | +€17,931 | +416.2% |
| Operating profit (loss) | 9901 | -€13,165 | €1,636 | +€14,800 | |
| Financial income | 75/76B | €28 | €9 | -€20 | -69.3% |
| Recurring financial income | 75 | €28 | €9 | -€20 | -69.3% |
| Financial charges | 65/66B | €10,342 | €10,025 | -€317 | -3.1% |
| Recurring financial charges | 65 | €10,342 | €10,025 | -€317 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,479 | -€8,381 | +€15,098 | +64.3% |
| Profit (loss) for the period | 9904 | -€23,479 | -€8,381 | +€15,098 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,479 | -€8,381 | +€15,098 | +64.3% |
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 9 October 2026 via checked.be.