DANNY NOOYENS: 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.
DANNY NOOYENS
Largest movements
- Cash +€95,970
up €95,970 (+286%), from €33,566 to €129,535
mainly Net result for the year (+€77,338) and Depreciation (+€37,204)
- Receivables within one year -€7,961
down €7,961 (-19.2%), from €41,430 to €33,469
of which Other amounts receivable: -€5,330
- Stocks and contracts -€5,745
down €5,745 (-14.4%), from €39,964 to €34,219
- Reserves +€77,338
up €77,338 (+126%), from €61,480 to €138,819
- Tax, wage and social debts +€29,537
up €29,537 (+2,470%), from €1,196 to €30,733
of which Taxes: +€26,927
- Other debts -€17,833
down €17,833 (-17.0%), from €105,133 to €87,300
- Debts after one year -€16,667
down €16,667 (-21.8%), from €76,389 to €59,722
- Trade debts +€9,122
up €9,122 (+112%), from €8,149 to €17,271
- Gross operating margin +€105,161
up €105,161 (+225%), from €46,745 to €151,906
- Taxes +€29,970
up €29,970 (+1,361%), from €2,203 to €32,172
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 | €287,613 | €369,110 | +€81,497 | +28.3% |
| Fixed assets | 21/28 | €169,855 | €170,981 | +€1,126 | +0.7% |
| Tangible fixed assets | 22/27 | €169,855 | €170,981 | +€1,126 | +0.7% |
| Plant, machinery and equipment | 23 | €3,852 | €34,415 | +€30,563 | +794% |
| Furniture and vehicles | 24 | €36,001 | €19,615 | -€16,386 | -45.5% |
| Leasing and similar rights | 25 | €130,002 | €116,951 | -€13,051 | -10.0% |
| Current assets | 29/58 | €117,758 | €198,129 | +€80,372 | +68.3% |
| Stocks and contracts in progress | 3 | €39,964 | €34,219 | -€5,745 | -14.4% |
| Stocks | 30/36 | €39,964 | €34,219 | -€5,745 | -14.4% |
| Amounts receivable within one year | 40/41 | €41,430 | €33,469 | -€7,961 | -19.2% |
| Trade receivables | 40 | €34,211 | €31,580 | -€2,631 | -7.7% |
| Other amounts receivable | 41 | €7,219 | €1,888 | -€5,330 | -73.8% |
| Cash at bank and in hand | 54/58 | €33,566 | €129,535 | +€95,970 | +286% |
| Deferred charges and accrued income | 490/1 | €2,798 | €906 | -€1,892 | -67.6% |
| Total equity and liabilities | 10/49 | €287,613 | €369,110 | +€81,497 | +28.3% |
| Equity | 10/15 | €80,080 | €157,419 | +€77,338 | +96.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,480 | €138,819 | +€77,338 | +126% |
| Distributable reserves | 133 | €61,480 | €138,819 | +€77,338 | +126% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €207,533 | €211,692 | +€4,159 | +2.0% |
| Amounts payable after more than one year | 17 | €76,389 | €59,722 | -€16,667 | -21.8% |
| Financial debts | 170/4 | €76,389 | €59,722 | -€16,667 | -21.8% |
| Amounts payable within one year | 42/48 | €131,144 | €151,970 | +€20,826 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €16,667 | = | 0.0% |
| Trade debts | 44 | €8,149 | €17,271 | +€9,122 | +112% |
| Suppliers | 440/4 | €8,149 | €17,271 | +€9,122 | +112% |
| Taxes, remuneration and social security | 45 | €1,196 | €30,733 | +€29,537 | +2,470% |
| Taxes | 450/3 | €1,196 | €28,123 | +€26,927 | +2,251% |
| Remuneration and social security | 454/9 | - | €2,610 | +€2,610 | |
| Other amounts payable | 47/48 | €105,133 | €87,300 | -€17,833 | -17.0% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,835 | €37,204 | -€631 | -1.7% |
| Other operating charges | 640/8 | €4,353 | €4,014 | -€339 | -7.8% |
| Gross operating margin | 9900 | €46,745 | €151,906 | +€105,161 | +225% |
| Operating profit (loss) | 9901 | €4,556 | €110,687 | +€106,131 | +2,329% |
| Financial income | 75/76B | €0 | €316 | +€316 | |
| Recurring financial income | 75 | €0 | €316 | +€316 | |
| Financial charges | 65/66B | €1,937 | €1,492 | -€445 | -23.0% |
| Recurring financial charges | 65 | €1,937 | €1,492 | -€445 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €2,619 | €109,511 | +€106,892 | +4,081% |
| Income taxes | 67/77 | €2,203 | €32,172 | +€29,970 | +1,361% |
| Profit (loss) for the period | 9904 | €417 | €77,338 | +€76,922 | +18,466% |
| Profit (loss) for the period to be appropriated | 9905 | €417 | €77,338 | +€76,922 | +18,466% |
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 30 October 2026 via checked.be.