Al Noor: 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.
Al Noor
Largest movements
- Cash -€291,505
down €291,505 (-82.3%), from €353,999 to €62,494
mainly Trade debts (-€136,530) and Other debts (-€122,725)
- Receivables within one year -€43,300
down €43,300 (-41.5%), from €104,360 to €61,060
of which Other amounts receivable: -€57,635
- Stocks and contracts -€21,433
no longer reported in 2025 (was €21,433)
- Trade debts -€136,530
down €136,530 (-99.8%), from €136,759 to €228
- Other debts -€122,725
down €122,725 (-54.6%), from €224,672 to €101,947
- Tax, wage and social debts -€57,463
down €57,463 (-87.2%), from €65,862 to €8,399
of which Remuneration and social security: -€57,199
- Short-term financial debts -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward -€19,519
down €19,519, from €4,996 to -€14,523
- Gross operating margin -€54,354
down €54,354 (-97.4%), from €55,777 to €1,423
- Staff costs -€37,786
down €37,786 (-99.7%), from €37,902 to €116
- Taxes +€18,299
new in 2025: €18,299
- Other operating charges -€950
down €950 (-53.9%), from €1,761 to €811
- Financial charges -€902
down €902 (-34.5%), from €2,619 to €1,717
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 | €484,142 | €127,904 | -€356,238 | -73.6% |
| Fixed assets | 21/28 | €4,350 | €4,350 | = | 0.0% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €479,792 | €123,554 | -€356,238 | -74.2% |
| Stocks and contracts in progress | 3 | €21,433 | - | -€21,433 | |
| Stocks | 30/36 | €21,433 | - | -€21,433 | |
| Amounts receivable within one year | 40/41 | €104,360 | €61,060 | -€43,300 | -41.5% |
| Trade receivables | 40 | €4,076 | €18,411 | +€14,335 | +352% |
| Other amounts receivable | 41 | €100,284 | €42,649 | -€57,635 | -57.5% |
| Cash at bank and in hand | 54/58 | €353,999 | €62,494 | -€291,505 | -82.3% |
| Total equity and liabilities | 10/49 | €484,142 | €127,904 | -€356,238 | -73.6% |
| Equity | 10/15 | €36,849 | €17,330 | -€19,519 | -53.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,253 | €13,253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,393 | €11,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,996 | -€14,523 | -€19,519 | |
| Amounts payable | 17/49 | €447,293 | €110,574 | -€336,719 | -75.3% |
| Amounts payable within one year | 42/48 | €447,293 | €110,574 | -€336,719 | -75.3% |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Credit institutions | 430/8 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €136,759 | €228 | -€136,530 | -99.8% |
| Suppliers | 440/4 | €136,759 | €228 | -€136,530 | -99.8% |
| Taxes, remuneration and social security | 45 | €65,862 | €8,399 | -€57,463 | -87.2% |
| Taxes | 450/3 | €804 | €540 | -€264 | -32.9% |
| Remuneration and social security | 454/9 | €65,058 | €7,859 | -€57,199 | -87.9% |
| Other amounts payable | 47/48 | €224,672 | €101,947 | -€122,725 | -54.6% |
| Remuneration, social security and pensions | 62 | €37,902 | €116 | -€37,786 | -99.7% |
| Other operating charges | 640/8 | €1,761 | €811 | -€950 | -53.9% |
| Gross operating margin | 9900 | €55,777 | €1,423 | -€54,354 | -97.4% |
| Operating profit (loss) | 9901 | €16,114 | €497 | -€15,617 | -96.9% |
| Financial charges | 65/66B | €2,619 | €1,717 | -€902 | -34.5% |
| Recurring financial charges | 65 | €2,619 | €1,717 | -€902 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €13,495 | -€1,220 | -€14,715 | |
| Income taxes | 67/77 | - | €18,299 | +€18,299 | |
| Profit (loss) for the period | 9904 | €13,495 | -€19,519 | -€33,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,495 | -€19,519 | -€33,014 |
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 26 October 2026 via checked.be.