N.O.E.: 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.
N.O.E.
Largest movements
- Receivables within one year +€5,451
up €5,451 (+5.7%), from €95,411 to €100,863
of which Trade receivables: +€3,937
- Profit (loss) carried forward +€5,451
up €5,451 (+9.3%), from €58,676 to €64,127
- Financial income -€1,692
down €1,692 (-53.0%), from €3,194 to €1,502
- Taxes -€380
down €380 (-15.7%), from €2,419 to €2,039
- Other operating charges +€103
up €103 (+3.0%), from €3,421 to €3,524
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,026 | €136,177 | +€6,151 | +4.7% |
| Fixed assets | 21/28 | €34,614 | €34,614 | = | 0.0% |
| Tangible fixed assets | 22/27 | €22,219 | €22,219 | = | 0.0% |
| Land and buildings | 22 | €22,219 | €22,219 | = | 0.0% |
| Financial fixed assets | 28 | €12,395 | €12,395 | = | 0.0% |
| Current assets | 29/58 | €95,411 | €101,563 | +€6,151 | +6.4% |
| Amounts receivable within one year | 40/41 | €95,411 | €100,863 | +€5,451 | +5.7% |
| Trade receivables | 40 | €4,163 | €8,100 | +€3,937 | +94.6% |
| Other amounts receivable | 41 | €91,248 | €92,763 | +€1,515 | +1.7% |
| Deferred charges and accrued income | 490/1 | - | €700 | +€700 | |
| Total equity and liabilities | 10/49 | €130,026 | €136,177 | +€6,151 | +4.7% |
| Equity | 10/15 | €126,326 | €131,777 | +€5,451 | +4.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,676 | €64,127 | +€5,451 | +9.3% |
| Amounts payable | 17/49 | €3,700 | €4,400 | +€700 | +18.9% |
| Amounts payable within one year | 42/48 | €3,700 | €4,400 | +€700 | +18.9% |
| Taxes, remuneration and social security | 45 | €3,700 | €4,400 | +€700 | +18.9% |
| Taxes | 450/3 | €3,700 | €4,400 | +€700 | +18.9% |
| Other operating charges | 640/8 | €3,421 | €3,524 | +€103 | +3.0% |
| Gross operating margin | 9900 | €9,515 | €9,512 | -€3 | 0.0% |
| Operating profit (loss) | 9901 | €6,094 | €5,988 | -€106 | -1.7% |
| Financial income | 75/76B | €3,194 | €1,502 | -€1,692 | -53.0% |
| Recurring financial income | 75 | €3,194 | €1,502 | -€1,692 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €9,288 | €7,490 | -€1,798 | -19.4% |
| Income taxes | 67/77 | €2,419 | €2,039 | -€380 | -15.7% |
| Profit (loss) for the period | 9904 | €6,869 | €5,451 | -€1,418 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,869 | €5,451 | -€1,418 | -20.6% |
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.