NUNO: 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.
NUNO
Largest movements
- Current investments +€81,677
up €81,677 (+25.0%), from €326,449 to €408,126
- Cash -€28,966
down €28,966 (-17.0%), from €170,582 to €141,616
mainly Current investments (-€81,677) and Contributions, distributions and other (-€77,128)
- Receivables within one year -€9,084
down €9,084 (-100%), from €9,084 to €0
of which Other amounts receivable: -€7,111
- Reserves +€22,286
up €22,286 (+5.0%), from €442,221 to €464,507
- Other debts +€13,025
up €13,025 (+6.2%), from €211,325 to €224,350
- Financial income +€14,035
up €14,035 (+155%), from €9,034 to €23,069
- Taxes +€3,046
up €3,046 (+9.0%), from €33,909 to €36,954
- Gross operating margin +€2,491
up €2,491 (+1.9%), from €132,540 to €135,031
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 | €683,127 | €721,913 | +€38,786 | +5.7% |
| Fixed assets | 21/28 | €176,205 | €169,468 | -€6,737 | -3.8% |
| Tangible fixed assets | 22/27 | €176,205 | €169,468 | -€6,737 | -3.8% |
| Land and buildings | 22 | €175,178 | €169,397 | -€5,781 | -3.3% |
| Furniture and vehicles | 24 | €1,027 | €72 | -€956 | -93.0% |
| Current assets | 29/58 | €506,922 | €552,445 | +€45,523 | +9.0% |
| Amounts receivable within one year | 40/41 | €9,084 | €0 | -€9,084 | -100% |
| Trade receivables | 40 | €1,972 | €0 | -€1,972 | -100% |
| Other amounts receivable | 41 | €7,111 | €0 | -€7,111 | -100% |
| Current investments | 50/53 | €326,449 | €408,126 | +€81,677 | +25.0% |
| Cash at bank and in hand | 54/58 | €170,582 | €141,616 | -€28,966 | -17.0% |
| Deferred charges and accrued income | 490/1 | €807 | €2,703 | +€1,895 | +235% |
| Total equity and liabilities | 10/49 | €683,127 | €721,913 | +€38,786 | +5.7% |
| Equity | 10/15 | €462,221 | €484,507 | +€22,286 | +4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €442,221 | €464,507 | +€22,286 | +5.0% |
| Distributable reserves | 133 | €442,221 | €464,507 | +€22,286 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €220,906 | €237,407 | +€16,500 | +7.5% |
| Amounts payable within one year | 42/48 | €220,906 | €237,407 | +€16,500 | +7.5% |
| Trade debts | 44 | - | €1,361 | +€1,361 | |
| Suppliers | 440/4 | - | €1,361 | +€1,361 | |
| Taxes, remuneration and social security | 45 | €9,581 | €11,695 | +€2,114 | +22.1% |
| Taxes | 450/3 | €9,581 | €11,695 | +€2,114 | +22.1% |
| Other amounts payable | 47/48 | €211,325 | €224,350 | +€13,025 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,120 | €18,798 | +€678 | +3.7% |
| Other operating charges | 640/8 | €2,021 | €2,494 | +€473 | +23.4% |
| Gross operating margin | 9900 | €132,540 | €135,031 | +€2,491 | +1.9% |
| Operating profit (loss) | 9901 | €112,399 | €113,740 | +€1,340 | +1.2% |
| Financial income | 75/76B | €9,034 | €23,069 | +€14,035 | +155% |
| Recurring financial income | 75 | €9,034 | €23,069 | +€14,035 | +155% |
| Financial charges | 65/66B | €339 | €440 | +€101 | +29.9% |
| Recurring financial charges | 65 | €339 | €440 | +€101 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €121,094 | €136,368 | +€15,274 | +12.6% |
| Income taxes | 67/77 | €33,909 | €36,954 | +€3,046 | +9.0% |
| Profit (loss) for the period | 9904 | €87,185 | €99,414 | +€12,229 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,185 | €99,414 | +€12,229 | +14.0% |
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 25 October 2026 via checked.be.