DR SOADE NOURI: 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.
DR SOADE NOURI
Largest movements
- Cash +€151,640
up €151,640 (+24.9%), from €608,232 to €759,872
mainly Net result for the year (+€179,475) and Current investments (+€49,121)
- Current investments -€49,121
down €49,121 (-18.5%), from €266,222 to €217,101
- Tangible fixed assets -€12,492
down €12,492 (-44.3%), from €28,181 to €15,689
- Deferred charges and accrued income +€11,200
up €11,200 (+66.7%), from €16,783 to €27,983
- Reserves +€44,402
up €44,402 (+5.7%), from €773,114 to €817,516
- Other debts +€35,858
up €35,858 (+33.2%), from €108,068 to €143,925
- Tax, wage and social debts +€18,134
up €18,134 (+88.8%), from €20,418 to €38,552
of which Taxes: +€18,237
- Gross operating margin +€16,372
up €16,372 (+6.9%), from €238,207 to €254,578
- Financial income -€5,307
down €5,307 (-24.7%), from €21,467 to €16,160
- Taxes +€3,705
up €3,705 (+5.0%), from €74,380 to €78,086
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 | €919,918 | €1,021,145 | +€101,227 | +11.0% |
| Fixed assets | 21/28 | €28,681 | €16,189 | -€12,492 | -43.6% |
| Tangible fixed assets | 22/27 | €28,181 | €15,689 | -€12,492 | -44.3% |
| Furniture and vehicles | 24 | €28,181 | €15,689 | -€12,492 | -44.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €891,237 | €1,004,956 | +€113,719 | +12.8% |
| Current investments | 50/53 | €266,222 | €217,101 | -€49,121 | -18.5% |
| Cash at bank and in hand | 54/58 | €608,232 | €759,872 | +€151,640 | +24.9% |
| Deferred charges and accrued income | 490/1 | €16,783 | €27,983 | +€11,200 | +66.7% |
| Total equity and liabilities | 10/49 | €919,918 | €1,021,145 | +€101,227 | +11.0% |
| Equity | 10/15 | €785,585 | €829,988 | +€44,402 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €773,114 | €817,516 | +€44,402 | +5.7% |
| Distributable reserves | 133 | €773,114 | €817,516 | +€44,402 | +5.7% |
| Profit (loss) carried forward | 14 | €72 | €72 | = | 0.0% |
| Amounts payable | 17/49 | €134,332 | €191,157 | +€56,825 | +42.3% |
| Amounts payable within one year | 42/48 | €129,823 | €183,291 | +€53,469 | +41.2% |
| Trade debts | 44 | €1,337 | €814 | -€523 | -39.1% |
| Suppliers | 440/4 | €1,337 | €814 | -€523 | -39.1% |
| Taxes, remuneration and social security | 45 | €20,418 | €38,552 | +€18,134 | +88.8% |
| Taxes | 450/3 | €18,123 | €36,360 | +€18,237 | +101% |
| Remuneration and social security | 454/9 | €2,295 | €2,191 | -€104 | -4.5% |
| Other amounts payable | 47/48 | €108,068 | €143,925 | +€35,858 | +33.2% |
| Accrued charges and deferred income | 492/3 | €4,509 | €7,866 | +€3,356 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,631 | €12,492 | -€138 | -1.1% |
| Other operating charges | 640/8 | €509 | €425 | -€84 | -16.6% |
| Gross operating margin | 9900 | €238,207 | €254,578 | +€16,372 | +6.9% |
| Operating profit (loss) | 9901 | €225,067 | €241,661 | +€16,594 | +7.4% |
| Financial income | 75/76B | €21,467 | €16,160 | -€5,307 | -24.7% |
| Recurring financial income | 75 | €21,467 | €16,160 | -€5,307 | -24.7% |
| Financial charges | 65/66B | €488 | €261 | -€227 | -46.6% |
| Recurring financial charges | 65 | €488 | €261 | -€227 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €246,046 | €257,561 | +€11,515 | +4.7% |
| Income taxes | 67/77 | €74,380 | €78,086 | +€3,705 | +5.0% |
| Profit (loss) for the period | 9904 | €171,666 | €179,475 | +€7,809 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €171,666 | €179,475 | +€7,809 | +4.5% |
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 13 October 2026 via checked.be.