Immo Noa: 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.
Immo Noa
Largest movements
- Deferred charges and accrued income -€43,589
down €43,589 (-98.4%), from €44,294 to €705
- Profit (loss) carried forward +€99,624
up €99,624 (+29.2%), from €341,121 to €440,746
- Other debts -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Debts after one year -€67,270
down €67,270 (-50.4%), from €133,520 to €66,250
- Current portion of long-term debt -€12,985
down €12,985 (-11.4%), from €114,034 to €101,049
- Tax, wage and social debts -€8,607
down €8,607 (-22.9%), from €37,527 to €28,920
of which Taxes: -€8,607
- Financial income -€128,696
down €128,696 (-63.3%), from €203,303 to €74,607
- Gross operating margin +€7,549
up €7,549 (+18.6%), from €40,528 to €48,077
- Other operating charges -€3,952
down €3,952 (-76.5%), from €5,165 to €1,213
- Taxes +€2,005
up €2,005 (+15.6%), from €12,854 to €14,858
- Financial charges -€1,381
down €1,381 (-21.7%), from €6,352 to €4,971
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 | €743,859 | €685,923 | -€57,936 | -7.8% |
| Fixed assets | 21/28 | €614,517 | €612,500 | -€2,017 | -0.3% |
| Tangible fixed assets | 22/27 | €2,017 | €0 | -€2,017 | -100.0% |
| Other tangible fixed assets | 26 | €2,017 | €0 | -€2,017 | -100.0% |
| Financial fixed assets | 28 | €612,500 | €612,500 | = | 0.0% |
| Current assets | 29/58 | €129,341 | €73,423 | -€55,918 | -43.2% |
| Amounts receivable within one year | 40/41 | €70,113 | €65,043 | -€5,069 | -7.2% |
| Trade receivables | 40 | €14,600 | €22,889 | +€8,289 | +56.8% |
| Other amounts receivable | 41 | €55,513 | €42,154 | -€13,359 | -24.1% |
| Cash at bank and in hand | 54/58 | €14,934 | €7,675 | -€7,260 | -48.6% |
| Deferred charges and accrued income | 490/1 | €44,294 | €705 | -€43,589 | -98.4% |
| Total equity and liabilities | 10/49 | €743,859 | €685,923 | -€57,936 | -7.8% |
| Equity | 10/15 | €382,601 | €482,226 | +€99,624 | +26.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €22,930 | €22,930 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,930 | €22,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | €341,121 | €440,746 | +€99,624 | +29.2% |
| Amounts payable | 17/49 | €361,258 | €203,697 | -€157,560 | -43.6% |
| Amounts payable after more than one year | 17 | €133,520 | €66,250 | -€67,270 | -50.4% |
| Financial debts | 170/4 | €133,520 | €66,250 | -€67,270 | -50.4% |
| Amounts payable within one year | 42/48 | €227,737 | €137,447 | -€90,290 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €114,034 | €101,049 | -€12,985 | -11.4% |
| Trade debts | 44 | €6,176 | €7,478 | +€1,302 | +21.1% |
| Suppliers | 440/4 | €6,176 | €7,478 | +€1,302 | +21.1% |
| Taxes, remuneration and social security | 45 | €37,527 | €28,920 | -€8,607 | -22.9% |
| Taxes | 450/3 | €37,527 | €28,920 | -€8,607 | -22.9% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €70,000 | €0 | -€70,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,017 | €2,017 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,165 | €1,213 | -€3,952 | -76.5% |
| Gross operating margin | 9900 | €40,528 | €48,077 | +€7,549 | +18.6% |
| Operating profit (loss) | 9901 | €33,346 | €44,847 | +€11,501 | +34.5% |
| Financial income | 75/76B | €203,303 | €74,607 | -€128,696 | -63.3% |
| Recurring financial income | 75 | €203,303 | €74,607 | -€128,696 | -63.3% |
| Financial charges | 65/66B | €6,352 | €4,971 | -€1,381 | -21.7% |
| Recurring financial charges | 65 | €6,352 | €4,971 | -€1,381 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €230,297 | €114,483 | -€115,815 | -50.3% |
| Income taxes | 67/77 | €12,854 | €14,858 | +€2,005 | +15.6% |
| Profit (loss) for the period | 9904 | €217,444 | €99,624 | -€117,819 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €217,444 | €99,624 | -€117,819 | -54.2% |
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 11 October 2026 via checked.be.