NoMath Solutions: 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.
NoMath Solutions
Largest movements
- Receivables within one year +€165,368
up €165,368 (+394.3%), from €41,943 to €207,311
of which Other amounts receivable: +€179,010
- Cash -€35,640
down €35,640 (-31.2%), from €114,122 to €78,482
mainly Receivables within one year (-€165,368) and Investment in fixed assets (net) (-€20,340)
- Tangible fixed assets +€7,666
up €7,666 (+67.2%), from €11,405 to €19,071
- Profit (loss) carried forward +€109,157
up €109,157 (+80.9%), from €134,947 to €244,104
- Tax, wage and social debts +€41,297
up €41,297 (+243.1%), from €16,987 to €58,283
- Trade debts -€13,059
down €13,059 (-96.5%), from €13,537 to €478
- Gross operating margin +€102,893
up €102,893 (+217.0%), from €47,427 to €150,320
- Taxes +€22,976
up €22,976 (+246.1%), from €9,338 to €32,314
- Financial income +€4,695
up €4,695 (+803.4%), from €584 to €5,280
- Depreciation +€1,953
up €1,953 (+18.2%), from €10,721 to €12,674
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 | €167,471 | €304,864 | +€137,394 | +82.0% |
| Fixed assets | 21/28 | €11,405 | €19,071 | +€7,666 | +67.2% |
| Tangible fixed assets | 22/27 | €11,405 | €19,071 | +€7,666 | +67.2% |
| Furniture and vehicles | 24 | €11,405 | €19,071 | +€7,666 | +67.2% |
| Current assets | 29/58 | €156,065 | €285,793 | +€129,728 | +83.1% |
| Amounts receivable within one year | 40/41 | €41,943 | €207,311 | +€165,368 | +394.3% |
| Trade receivables | 40 | €13,643 | €0 | -€13,643 | -100.0% |
| Other amounts receivable | 41 | €28,301 | €207,311 | +€179,010 | +632.5% |
| Cash at bank and in hand | 54/58 | €114,122 | €78,482 | -€35,640 | -31.2% |
| Total equity and liabilities | 10/49 | €167,471 | €304,864 | +€137,394 | +82.0% |
| Equity | 10/15 | €136,947 | €246,104 | +€109,157 | +79.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,947 | €244,104 | +€109,157 | +80.9% |
| Amounts payable | 17/49 | €30,524 | €58,761 | +€28,237 | +92.5% |
| Amounts payable within one year | 42/48 | €30,524 | €58,761 | +€28,237 | +92.5% |
| Trade debts | 44 | €13,537 | €478 | -€13,059 | -96.5% |
| Suppliers | 440/4 | €13,537 | €478 | -€13,059 | -96.5% |
| Taxes, remuneration and social security | 45 | €16,987 | €58,283 | +€41,297 | +243.1% |
| Taxes | 450/3 | €16,987 | €58,283 | +€41,297 | +243.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,721 | €12,674 | +€1,953 | +18.2% |
| Other operating charges | 640/8 | €244 | €876 | +€631 | +258.5% |
| Gross operating margin | 9900 | €47,427 | €150,320 | +€102,893 | +217.0% |
| Operating profit (loss) | 9901 | €36,462 | €136,771 | +€100,309 | +275.1% |
| Financial income | 75/76B | €584 | €5,280 | +€4,695 | +803.4% |
| Recurring financial income | 75 | €584 | €5,280 | +€4,695 | +803.4% |
| Financial charges | 65/66B | €421 | €580 | +€159 | +37.8% |
| Recurring financial charges | 65 | €421 | €580 | +€159 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €36,625 | €141,471 | +€104,845 | +286.3% |
| Income taxes | 67/77 | €9,338 | €32,314 | +€22,976 | +246.1% |
| Profit (loss) for the period | 9904 | €27,288 | €109,157 | +€81,869 | +300.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,288 | €109,157 | +€81,869 | +300.0% |
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 9 October 2026 via checked.be.