EL NOUR: 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.
EL NOUR
Largest movements
- Receivables within one year +€55,589
up €55,589 (+16.3%), from €340,521 to €396,110
of which Other amounts receivable: +€82,981
- Cash +€19,978
up €19,978 (+121%), from €16,461 to €36,439
mainly Net result for the year (+€113,482) and Accrued charges and deferred income (+€11,207)
- Stocks and contracts +€17,859
up €17,859 (+15.3%), from €116,744 to €134,603
- Profit (loss) carried forward +€93,482
up €93,482 (+41.5%), from €225,405 to €318,886
- Trade debts -€25,372
down €25,372 (-16.7%), from €151,909 to €126,536
- Accrued charges and deferred income +€11,207
new in 2024: €11,207
- Tax, wage and social debts +€10,328
up €10,328 (+16.0%), from €64,695 to €75,022
of which Taxes: +€19,238
- Gross operating margin +€37,338
up €37,338 (+19.3%), from €193,169 to €230,507
- Staff costs +€12,215
up €12,215 (+18.9%), from €64,579 to €76,793
- Taxes +€7,535
up €7,535 (+31.5%), from €23,946 to €31,481
- Financial charges -€4,472
down €4,472 (-78.7%), from €5,686 to €1,213
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,459 | €572,103 | +€89,644 | +18.6% |
| Fixed assets | 21/28 | €8,105 | €4,323 | -€3,782 | -46.7% |
| Tangible fixed assets | 22/27 | €6,605 | €2,823 | -€3,782 | -57.3% |
| Plant, machinery and equipment | 23 | €4,049 | €1,601 | -€2,448 | -60.5% |
| Furniture and vehicles | 24 | €2,556 | €1,222 | -€1,333 | -52.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €474,354 | €567,780 | +€93,426 | +19.7% |
| Stocks and contracts in progress | 3 | €116,744 | €134,603 | +€17,859 | +15.3% |
| Stocks | 30/36 | €116,744 | €134,603 | +€17,859 | +15.3% |
| Amounts receivable within one year | 40/41 | €340,521 | €396,110 | +€55,589 | +16.3% |
| Trade receivables | 40 | €202,185 | €174,793 | -€27,392 | -13.5% |
| Other amounts receivable | 41 | €138,336 | €221,317 | +€82,981 | +60.0% |
| Cash at bank and in hand | 54/58 | €16,461 | €36,439 | +€19,978 | +121% |
| Deferred charges and accrued income | 490/1 | €628 | €628 | = | 0.0% |
| Total equity and liabilities | 10/49 | €482,459 | €572,103 | +€89,644 | +18.6% |
| Equity | 10/15 | €245,856 | €339,338 | +€93,482 | +38.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,405 | €318,886 | +€93,482 | +41.5% |
| Amounts payable | 17/49 | €236,603 | €232,766 | -€3,837 | -1.6% |
| Amounts payable within one year | 42/48 | €236,603 | €221,559 | -€15,044 | -6.4% |
| Trade debts | 44 | €151,909 | €126,536 | -€25,372 | -16.7% |
| Suppliers | 440/4 | €151,909 | €126,536 | -€25,372 | -16.7% |
| Taxes, remuneration and social security | 45 | €64,695 | €75,022 | +€10,328 | +16.0% |
| Taxes | 450/3 | €55,784 | €75,022 | +€19,238 | +34.5% |
| Remuneration and social security | 454/9 | €8,911 | - | -€8,911 | |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €11,207 | +€11,207 | |
| Remuneration, social security and pensions | 62 | €64,579 | €76,793 | +€12,215 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,747 | €3,782 | -€965 | -20.3% |
| Other operating charges | 640/8 | €4,740 | €3,756 | -€984 | -20.8% |
| Gross operating margin | 9900 | €193,169 | €230,507 | +€37,338 | +19.3% |
| Operating profit (loss) | 9901 | €119,104 | €146,176 | +€27,072 | +22.7% |
| Financial income | 75/76B | €6 | €0 | -€6 | -98.4% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -98.4% |
| Financial charges | 65/66B | €5,686 | €1,213 | -€4,472 | -78.7% |
| Recurring financial charges | 65 | €5,686 | €1,213 | -€4,472 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €113,424 | €144,963 | +€31,538 | +27.8% |
| Income taxes | 67/77 | €23,946 | €31,481 | +€7,535 | +31.5% |
| Profit (loss) for the period | 9904 | €89,478 | €113,482 | +€24,004 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €89,478 | €113,482 | +€24,004 | +26.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.