LIBRAIRIE NOEL: 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.
LIBRAIRIE NOEL
Largest movements
- Receivables within one year -€26,996
down €26,996 (-32.8%), from €82,273 to €55,277
of which Other amounts receivable: -€27,963
- Tangible fixed assets -€4,680
down €4,680 (-35.7%), from €13,090 to €8,411
- Deferred charges and accrued income -€2,170
down €2,170 (-92.9%), from €2,335 to €165
- Stocks and contracts +€1,731
up €1,731 (+6.8%), from €25,290 to €27,021
- Reserves -€46,941
down €46,941 (-45.3%), from €103,716 to €56,776
of which Distributable reserves: -€46,941
- Other debts +€18,413
up €18,413 (+166%), from €11,101 to €29,514
- Debts after one year -€3,958
down €3,958 (-51.5%), from €7,687 to €3,729
- Short-term financial debts +€2,017
up €2,017, from €0 to €2,017
of which Credit institutions: +€2,017
- Gross operating margin -€9,015
down €9,015 (-27.3%), from €33,034 to €24,020
- Financial income -€3,090
down €3,090 (-99.9%), from €3,092 to €2
- Taxes -€2,667
down €2,667 (-48.3%), from €5,516 to €2,849
- Financial charges -€478
down €478 (-4.6%), from €10,406 to €9,928
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 | €162,670 | €130,465 | -€32,205 | -19.8% |
| Fixed assets | 21/28 | €13,214 | €8,535 | -€4,680 | -35.4% |
| Tangible fixed assets | 22/27 | €13,090 | €8,411 | -€4,680 | -35.7% |
| Furniture and vehicles | 24 | €13,090 | €8,411 | -€4,680 | -35.7% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €149,456 | €121,930 | -€27,526 | -18.4% |
| Stocks and contracts in progress | 3 | €25,290 | €27,021 | +€1,731 | +6.8% |
| Stocks | 30/36 | €25,290 | €27,021 | +€1,731 | +6.8% |
| Amounts receivable within one year | 40/41 | €82,273 | €55,277 | -€26,996 | -32.8% |
| Trade receivables | 40 | €52,825 | €53,793 | +€968 | +1.8% |
| Other amounts receivable | 41 | €29,448 | €1,484 | -€27,963 | -95.0% |
| Cash at bank and in hand | 54/58 | €39,558 | €39,467 | -€90 | -0.2% |
| Deferred charges and accrued income | 490/1 | €2,335 | €165 | -€2,170 | -92.9% |
| Total equity and liabilities | 10/49 | €162,670 | €130,465 | -€32,205 | -19.8% |
| Equity | 10/15 | €122,316 | €75,376 | -€46,941 | -38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,716 | €56,776 | -€46,941 | -45.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €101,856 | €54,916 | -€46,941 | -46.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,354 | €55,089 | +€14,735 | +36.5% |
| Amounts payable after more than one year | 17 | €7,687 | €3,729 | -€3,958 | -51.5% |
| Financial debts | 170/4 | €7,687 | €3,729 | -€3,958 | -51.5% |
| Amounts payable within one year | 42/48 | €32,667 | €51,310 | +€18,643 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €4,491 | €4,311 | -€181 | -4.0% |
| Financial debts | 43 | €0 | €2,017 | +€2,017 | |
| Credit institutions | 430/8 | - | €2,017 | +€2,017 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €15,494 | €15,468 | -€27 | -0.2% |
| Suppliers | 440/4 | €15,494 | €15,468 | -€27 | -0.2% |
| Taxes, remuneration and social security | 45 | €1,580 | €0 | -€1,580 | -100% |
| Taxes | 450/3 | €1,580 | €0 | -€1,580 | -100% |
| Other amounts payable | 47/48 | €11,101 | €29,514 | +€18,413 | +166% |
| Accrued charges and deferred income | 492/3 | €0 | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,680 | €4,680 | = | 0.0% |
| Other operating charges | 640/8 | €8,275 | €8,372 | +€98 | +1.2% |
| Gross operating margin | 9900 | €33,034 | €24,020 | -€9,015 | -27.3% |
| Operating profit (loss) | 9901 | €20,080 | €10,968 | -€9,112 | -45.4% |
| Financial income | 75/76B | €3,092 | €2 | -€3,090 | -99.9% |
| Recurring financial income | 75 | €3,092 | €2 | -€3,090 | -99.9% |
| Financial charges | 65/66B | €10,406 | €9,928 | -€478 | -4.6% |
| Recurring financial charges | 65 | €10,406 | €9,928 | -€478 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €12,766 | €1,042 | -€11,724 | -91.8% |
| Income taxes | 67/77 | €5,516 | €2,849 | -€2,667 | -48.3% |
| Profit (loss) for the period | 9904 | €7,249 | -€1,807 | -€9,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,249 | -€1,807 | -€9,057 |
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 18 October 2026 via checked.be.