Diégo Noesen: 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.
Diégo Noesen
Largest movements
- Cash +€12,356
up €12,356 (+47.0%), from €26,269 to €38,625
mainly Net result for the year (+€17,027) and Depreciation (+€7,307)
- Tangible fixed assets +€2,645
up €2,645 (+13.5%), from €19,541 to €22,187
of which Plant, machinery and equipment: +€8,373
- Receivables within one year +€1,420
up €1,420 (+20.1%), from €7,080 to €8,500
- Reserves +€17,027
up €17,027 (+60.0%), from €28,360 to €45,387
- Other debts -€6,660
down €6,660 (-51.0%), from €13,053 to €6,393
- Trade debts +€5,218
up €5,218 (+248%), from €2,105 to €7,322
- Depreciation +€5,847
up €5,847 (+400%), from €1,460 to €7,307
- Gross operating margin +€3,205
up €3,205 (+11.6%), from €27,619 to €30,824
- Other operating charges -€3,156
down €3,156 (-73.6%), from €4,288 to €1,133
- Taxes +€486
up €486 (+10.1%), from €4,823 to €5,309
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 | €52,890 | €69,312 | +€16,422 | +31.0% |
| Fixed assets | 21/28 | €19,541 | €22,187 | +€2,645 | +13.5% |
| Tangible fixed assets | 22/27 | €19,541 | €22,187 | +€2,645 | +13.5% |
| Plant, machinery and equipment | 23 | €3,795 | €12,168 | +€8,373 | +221% |
| Furniture and vehicles | 24 | €15,746 | €10,018 | -€5,728 | -36.4% |
| Current assets | 29/58 | €33,349 | €47,125 | +€13,776 | +41.3% |
| Amounts receivable within one year | 40/41 | €7,080 | €8,500 | +€1,420 | +20.1% |
| Trade receivables | 40 | €7,080 | €8,500 | +€1,420 | +20.1% |
| Cash at bank and in hand | 54/58 | €26,269 | €38,625 | +€12,356 | +47.0% |
| Total equity and liabilities | 10/49 | €52,890 | €69,312 | +€16,422 | +31.0% |
| Equity | 10/15 | €30,360 | €47,387 | +€17,027 | +56.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,360 | €45,387 | +€17,027 | +60.0% |
| Distributable reserves | 133 | €28,360 | €45,387 | +€17,027 | +60.0% |
| Amounts payable | 17/49 | €22,530 | €21,925 | -€605 | -2.7% |
| Amounts payable within one year | 42/48 | €22,530 | €21,592 | -€938 | -4.2% |
| Trade debts | 44 | €2,105 | €7,322 | +€5,218 | +248% |
| Suppliers | 440/4 | €2,105 | €7,322 | +€5,218 | +248% |
| Taxes, remuneration and social security | 45 | €7,372 | €7,876 | +€504 | +6.8% |
| Taxes | 450/3 | €4,823 | €5,309 | +€486 | +10.1% |
| Remuneration and social security | 454/9 | €2,549 | €2,567 | +€18 | +0.7% |
| Other amounts payable | 47/48 | €13,053 | €6,393 | -€6,660 | -51.0% |
| Accrued charges and deferred income | 492/3 | - | €333 | +€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,460 | €7,307 | +€5,847 | +400% |
| Other operating charges | 640/8 | €4,288 | €1,133 | -€3,156 | -73.6% |
| Gross operating margin | 9900 | €27,619 | €30,824 | +€3,205 | +11.6% |
| Operating profit (loss) | 9901 | €21,870 | €22,384 | +€514 | +2.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €47 | €48 | +€2 | +3.2% |
| Recurring financial charges | 65 | €47 | €48 | +€2 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €21,824 | €22,336 | +€513 | +2.3% |
| Income taxes | 67/77 | €4,823 | €5,309 | +€486 | +10.1% |
| Profit (loss) for the period | 9904 | €17,001 | €17,027 | +€26 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,001 | €17,027 | +€26 | +0.2% |
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 29 October 2026 via checked.be.