BART NOPPE: what changed
Two fiscal 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.
BART NOPPE
Largest movements
- Cash -€3,958
down €3,958 (-11.2%), from €35,426 to €31,468
mainly Contributions, distributions and other (-€125,000) and Tax, wage and social debts (-€11,073)
- Receivables within one year +€3,392
up €3,392 (+10.5%), from €32,318 to €35,710
of which Trade receivables: +€2,465
- Tax, wage and social debts -€11,073
down €11,073 (-46.3%), from €23,905 to €12,832
- Reserves +€6,189
up €6,189 (+2465.7%), from €251 to €6,440
- Gross operating margin -€39,332
down €39,332 (-18.4%), from €213,989 to €174,657
- Taxes -€8,450
down €8,450 (-15.0%), from €56,457 to €48,007
- Financial income +€2,754
up €2,754 (+67.4%), from €4,087 to €6,841
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 | €260,679 | €258,654 | -€2,025 | -0.8% |
| Fixed assets | 21/28 | €5,098 | €3,628 | -€1,470 | -28.8% |
| Tangible fixed assets | 22/27 | €5,098 | €3,628 | -€1,470 | -28.8% |
| Furniture and vehicles | 24 | €5,098 | €3,628 | -€1,470 | -28.8% |
| Current assets | 29/58 | €255,581 | €255,026 | -€555 | -0.2% |
| Amounts receivable within one year | 40/41 | €32,318 | €35,710 | +€3,392 | +10.5% |
| Trade receivables | 40 | €24,200 | €26,665 | +€2,465 | +10.2% |
| Other amounts receivable | 41 | €8,118 | €9,045 | +€927 | +11.4% |
| Current investments | 50/53 | €187,424 | €187,424 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,426 | €31,468 | -€3,958 | -11.2% |
| Deferred charges and accrued income | 490/1 | €413 | €424 | +€11 | +2.7% |
| Total equity and liabilities | 10/49 | €260,679 | €258,654 | -€2,025 | -0.8% |
| Equity | 10/15 | €5,251 | €11,440 | +€6,189 | +117.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €251 | €6,440 | +€6,189 | +2465.7% |
| Distributable reserves | 133 | €251 | €6,440 | +€6,189 | +2465.7% |
| Amounts payable | 17/49 | €255,428 | €247,214 | -€8,214 | -3.2% |
| Amounts payable within one year | 42/48 | €255,428 | €247,214 | -€8,214 | -3.2% |
| Trade debts | 44 | €1,610 | €1,865 | +€255 | +15.8% |
| Suppliers | 440/4 | €1,610 | €1,865 | +€255 | +15.8% |
| Taxes, remuneration and social security | 45 | €23,905 | €12,832 | -€11,073 | -46.3% |
| Taxes | 450/3 | €23,905 | €12,832 | -€11,073 | -46.3% |
| Other amounts payable | 47/48 | €229,913 | €232,517 | +€2,604 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €1,470 | +€211 | +16.8% |
| Other operating charges | 640/8 | €451 | €719 | +€268 | +59.4% |
| Gross operating margin | 9900 | €213,989 | €174,657 | -€39,332 | -18.4% |
| Operating profit (loss) | 9901 | €212,279 | €172,468 | -€39,811 | -18.8% |
| Financial income | 75/76B | €4,087 | €6,841 | +€2,754 | +67.4% |
| Recurring financial income | 75 | €4,087 | €6,841 | +€2,754 | +67.4% |
| Financial charges | 65/66B | €72 | €113 | +€41 | +56.9% |
| Recurring financial charges | 65 | €72 | €113 | +€41 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €216,294 | €179,196 | -€37,098 | -17.2% |
| Income taxes | 67/77 | €56,457 | €48,007 | -€8,450 | -15.0% |
| Profit (loss) for the period | 9904 | €159,837 | €131,189 | -€28,648 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €159,837 | €131,189 | -€28,648 | -17.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.