ASSURANCES NOEL: 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.
ASSURANCES NOEL
Largest movements
- Tangible fixed assets +€55,595
up €55,595 (+7,927%), from €701 to €56,297
of which Furniture and vehicles: +€53,108
- Current investments -€20,000
down €20,000 (-28.6%), from €70,000 to €50,000
- Receivables within one year +€14,621
up €14,621 (+44.2%), from €33,112 to €47,734
of which Trade receivables: +€30,126
- Debts after one year +€22,693
new in 2025: €22,693
- Profit (loss) carried forward +€12,042
up €12,042 (+59.9%), from €20,096 to €32,138
- Other debts +€8,000
up €8,000 (+25.0%), from €32,000 to €40,000
- Current portion of long-term debt +€7,307
new in 2025: €7,307
- Tax, wage and social debts +€1,931
up €1,931 (+21.8%), from €8,866 to €10,797
of which Taxes: +€1,470
- Gross operating margin +€27,275
up €27,275 (+33.6%), from €81,067 to €108,342
- Turnover +€24,451
up €24,451 (+9.9%), from €247,646 to €272,098
- Depreciation +€4,713
up €4,713 (+1,421%), from €332 to €5,045
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 | €105,818 | €156,862 | +€51,044 | +48.2% |
| Fixed assets | 21/28 | €826 | €56,422 | +€55,595 | +6,728% |
| Tangible fixed assets | 22/27 | €701 | €56,297 | +€55,595 | +7,927% |
| Furniture and vehicles | 24 | €701 | €53,809 | +€53,108 | +7,573% |
| Other tangible fixed assets | 26 | - | €2,488 | +€2,488 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €104,992 | €100,441 | -€4,551 | -4.3% |
| Amounts receivable within one year | 40/41 | €33,112 | €47,734 | +€14,621 | +44.2% |
| Trade receivables | 40 | - | €30,126 | +€30,126 | |
| Other amounts receivable | 41 | €33,112 | €17,608 | -€15,504 | -46.8% |
| Current investments | 50/53 | €70,000 | €50,000 | -€20,000 | -28.6% |
| Cash at bank and in hand | 54/58 | €1,880 | €2,707 | +€827 | +44.0% |
| Total equity and liabilities | 10/49 | €105,818 | €156,862 | +€51,044 | +48.2% |
| Equity | 10/15 | €55,343 | €67,386 | +€12,042 | +21.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €14,796 | €14,796 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,796 | €14,796 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,096 | €32,138 | +€12,042 | +59.9% |
| Amounts payable | 17/49 | €50,475 | €89,477 | +€39,002 | +77.3% |
| Amounts payable after more than one year | 17 | - | €22,693 | +€22,693 | |
| Financial debts | 170/4 | - | €22,693 | +€22,693 | |
| Amounts payable within one year | 42/48 | €41,410 | €58,104 | +€16,694 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,307 | +€7,307 | |
| Trade debts | 44 | €544 | - | -€544 | |
| Suppliers | 440/4 | €544 | - | -€544 | |
| Taxes, remuneration and social security | 45 | €8,866 | €10,797 | +€1,931 | +21.8% |
| Taxes | 450/3 | €2,250 | €3,719 | +€1,470 | +65.3% |
| Remuneration and social security | 454/9 | €6,616 | €7,078 | +€461 | +7.0% |
| Other amounts payable | 47/48 | €32,000 | €40,000 | +€8,000 | +25.0% |
| Accrued charges and deferred income | 492/3 | €9,065 | €8,680 | -€385 | -4.3% |
| Turnover | 70 | €247,646 | €272,098 | +€24,451 | +9.9% |
| Non-recurring operating income | 76A | - | €5,200 | +€5,200 | |
| Goods, raw materials, services and sundry goods | 60/61 | €168,864 | €171,390 | +€2,526 | +1.5% |
| Remuneration, social security and pensions | 62 | €44,388 | €45,824 | +€1,436 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €5,045 | +€4,713 | +1,421% |
| Other operating charges | 640/8 | €787 | €2,309 | +€1,522 | +193% |
| Gross operating margin | 9900 | €81,067 | €108,342 | +€27,275 | +33.6% |
| Operating profit (loss) | 9901 | €35,560 | €55,164 | +€19,603 | +55.1% |
| Financial income | 75/76B | €802 | €1,158 | +€356 | +44.3% |
| Recurring financial income | 75 | €802 | €1,158 | +€356 | +44.3% |
| Financial charges | 65/66B | €57 | €213 | +€156 | +275% |
| Recurring financial charges | 65 | €57 | €213 | +€156 | +275% |
| Profit (loss) for the period before taxes | 9903 | €36,306 | €56,109 | +€19,803 | +54.5% |
| Income taxes | 67/77 | €2,490 | €4,067 | +€1,576 | +63.3% |
| Profit (loss) for the period | 9904 | €33,816 | €52,042 | +€18,227 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,816 | €52,042 | +€18,227 | +53.9% |
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 16 October 2026 via checked.be.