NO-LIMITS: 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.
NO-LIMITS
Largest movements
- Receivables within one year +€48,962
up €48,962 (+48.3%), from €101,282 to €150,244
of which Trade receivables: +€39,933
- Cash +€8,940
up €8,940 (+424%), from €2,110 to €11,049
mainly Net result for the year (+€109,947) and Current portion of long-term debt (+€11,779)
- Tangible fixed assets -€7,909
down €7,909 (-6.8%), from €115,517 to €107,608
of which Land and buildings: -€8,469
- Deferred charges and accrued income +€5,609
new in 2025: €5,609
- Profit (loss) carried forward +€116,900
up €116,900 (+77.3%), from -€151,234 to -€34,334
- Debts after one year -€47,407
down €47,407 (-50.2%), from €94,363 to €46,956
- Trade debts -€44,709
down €44,709 (-43.4%), from €102,923 to €58,214
- Current portion of long-term debt +€11,779
up €11,779 (+1,720%), from €685 to €12,464
- Other debts +€10,971
up €10,971 (+11.5%), from €95,527 to €106,499
- Gross operating margin +€81,359
up €81,359 (+69.5%), from €117,030 to €198,389
- Purchases and services -€48,057
down €48,057 (-20.2%), from €237,820 to €189,763
- Turnover +€33,374
up €33,374 (+9.4%), from €354,779 to €388,152
- Depreciation -€12,585
down €12,585 (-57.3%), from €21,967 to €9,382
- Staff costs -€8,888
down €8,888 (-10.5%), from €84,340 to €75,452
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 | €221,762 | €277,363 | +€55,601 | +25.1% |
| Fixed assets | 21/28 | €118,370 | €110,461 | -€7,909 | -6.7% |
| Tangible fixed assets | 22/27 | €115,517 | €107,608 | -€7,909 | -6.8% |
| Land and buildings | 22 | €114,007 | €105,538 | -€8,469 | -7.4% |
| Plant, machinery and equipment | 23 | €769 | €1,654 | +€885 | +115% |
| Furniture and vehicles | 24 | €741 | €416 | -€325 | -43.9% |
| Financial fixed assets | 28 | €2,852 | €2,852 | = | 0.0% |
| Current assets | 29/58 | €103,392 | €166,902 | +€63,510 | +61.4% |
| Amounts receivable within one year | 40/41 | €101,282 | €150,244 | +€48,962 | +48.3% |
| Trade receivables | 40 | €101,282 | €141,215 | +€39,933 | +39.4% |
| Other amounts receivable | 41 | - | €9,029 | +€9,029 | |
| Cash at bank and in hand | 54/58 | €2,110 | €11,049 | +€8,940 | +424% |
| Deferred charges and accrued income | 490/1 | - | €5,609 | +€5,609 | |
| Total equity and liabilities | 10/49 | €221,762 | €277,363 | +€55,601 | +25.1% |
| Equity | 10/15 | -€123,734 | -€6,834 | +€116,900 | +94.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | - | -€25,000 | |
| Other | 1109/19 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,234 | -€34,334 | +€116,900 | +77.3% |
| Amounts payable | 17/49 | €345,496 | €284,197 | -€61,299 | -17.7% |
| Amounts payable after more than one year | 17 | €94,363 | €46,956 | -€47,407 | -50.2% |
| Financial debts | 170/4 | €94,363 | €46,956 | -€47,407 | -50.2% |
| Amounts payable within one year | 42/48 | €250,060 | €237,241 | -€12,819 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €685 | €12,464 | +€11,779 | +1,720% |
| Trade debts | 44 | €102,923 | €58,214 | -€44,709 | -43.4% |
| Suppliers | 440/4 | €102,923 | €58,214 | -€44,709 | -43.4% |
| Taxes, remuneration and social security | 45 | €50,925 | €60,064 | +€9,139 | +17.9% |
| Taxes | 450/3 | €18,174 | €27,598 | +€9,424 | +51.9% |
| Remuneration and social security | 454/9 | €32,751 | €32,466 | -€285 | -0.9% |
| Other amounts payable | 47/48 | €95,527 | €106,499 | +€10,971 | +11.5% |
| Accrued charges and deferred income | 492/3 | €1,073 | - | -€1,073 | |
| Turnover | 70 | €354,779 | €388,152 | +€33,374 | +9.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €237,820 | €189,763 | -€48,057 | -20.2% |
| Remuneration, social security and pensions | 62 | €84,340 | €75,452 | -€8,888 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,967 | €9,382 | -€12,585 | -57.3% |
| Other operating charges | 640/8 | €184 | - | -€184 | |
| Gross operating margin | 9900 | €117,030 | €198,389 | +€81,359 | +69.5% |
| Operating profit (loss) | 9901 | €10,539 | €113,554 | +€103,016 | +977% |
| Financial income | 75/76B | €0 | €1 | +€0 | +671% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +671% |
| Financial charges | 65/66B | €7,234 | €3,608 | -€3,626 | -50.1% |
| Recurring financial charges | 65 | €7,234 | €3,608 | -€3,626 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €3,305 | €109,947 | +€106,642 | +3,226% |
| Profit (loss) for the period | 9904 | €3,305 | €109,947 | +€106,642 | +3,226% |
| Profit (loss) for the period to be appropriated | 9905 | €3,305 | €109,947 | +€106,642 | +3,226% |
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 31 October 2026 via checked.be.