NOA Creatives: what changed
Two fiscal 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.
NOA Creatives
Largest movements
- Receivables within one year -€10,849
down €10,849 (-61.3%), from €17,696 to €6,847
of which Other amounts receivable: -€5,644
- Tangible fixed assets +€5,331
up €5,331 (+37.4%), from €14,270 to €19,601
- Cash -€2,154
down €2,154 (-98.3%), from €2,190 to €36
mainly Net result for the year (-€27,114) and Investment in fixed assets (net) (-€11,164)
- Profit (loss) carried forward -€27,114
down €27,114 (-298.5%), from -€9,085 to -€36,199
- Other debts +€22,428
new in 2025: €22,428
- Accrued charges and deferred income -€1,066
no longer reported in 2025 (was €1,066)
- Tax, wage and social debts -€1,017
no longer reported in 2025 (was €1,017)
- Trade debts -€903
down €903 (-58.9%), from €1,533 to €630
- Gross operating margin -€20,326
down €20,326, from €29 to -€20,297
- Depreciation +€1,594
up €1,594 (+37.6%), from €4,238 to €5,833
- Other operating charges -€511
down €511 (-34.9%), from €1,463 to €953
- Taxes -€217
no longer reported in 2025 (was €217)
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 | €34,222 | €26,550 | -€7,672 | -22.4% |
| Fixed assets | 21/28 | €14,270 | €19,601 | +€5,331 | +37.4% |
| Tangible fixed assets | 22/27 | €14,270 | €19,601 | +€5,331 | +37.4% |
| Plant, machinery and equipment | 23 | €14,270 | €19,601 | +€5,331 | +37.4% |
| Current assets | 29/58 | €19,952 | €6,950 | -€13,003 | -65.2% |
| Amounts receivable within one year | 40/41 | €17,696 | €6,847 | -€10,849 | -61.3% |
| Trade receivables | 40 | €6,290 | €1,085 | -€5,205 | -82.7% |
| Other amounts receivable | 41 | €11,406 | €5,761 | -€5,644 | -49.5% |
| Cash at bank and in hand | 54/58 | €2,190 | €36 | -€2,154 | -98.3% |
| Deferred charges and accrued income | 490/1 | €67 | €67 | = | 0.0% |
| Total equity and liabilities | 10/49 | €34,222 | €26,550 | -€7,672 | -22.4% |
| Equity | 10/15 | €30,607 | €3,492 | -€27,114 | -88.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,291 | €27,291 | = | 0.0% |
| Distributable reserves | 133 | €27,291 | €27,291 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,085 | -€36,199 | -€27,114 | -298.5% |
| Amounts payable | 17/49 | €3,616 | €23,058 | +€19,442 | +537.7% |
| Amounts payable within one year | 42/48 | €2,550 | €23,058 | +€20,508 | +804.3% |
| Trade debts | 44 | €1,533 | €630 | -€903 | -58.9% |
| Suppliers | 440/4 | €1,533 | €630 | -€903 | -58.9% |
| Taxes, remuneration and social security | 45 | €1,017 | - | -€1,017 | |
| Taxes | 450/3 | €1,017 | - | -€1,017 | |
| Other amounts payable | 47/48 | - | €22,428 | +€22,428 | |
| Accrued charges and deferred income | 492/3 | €1,066 | - | -€1,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,238 | €5,833 | +€1,594 | +37.6% |
| Other operating charges | 640/8 | €1,463 | €953 | -€511 | -34.9% |
| Gross operating margin | 9900 | €29 | -€20,297 | -€20,326 | |
| Operating profit (loss) | 9901 | -€5,672 | -€27,082 | -€21,410 | -377.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €149 | €32 | -€116 | -78.2% |
| Recurring financial charges | 65 | €149 | €32 | -€116 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,821 | -€27,114 | -€21,293 | -365.8% |
| Income taxes | 67/77 | €217 | - | -€217 | |
| Profit (loss) for the period | 9904 | -€6,038 | -€27,114 | -€21,077 | -349.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,038 | -€27,114 | -€21,077 | -349.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.