NOA GROUP: 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 GROUP
Largest movements
- Receivables within one year +€18,600
new in 2025: €18,600
- Cash -€6,675
down €6,675 (-88.8%), from €7,516 to €841
mainly Receivables within one year (-€18,600) and Other debts (-€1,240)
- Profit (loss) carried forward +€11,207
up €11,207, from -€3,470 to €7,737
- Tax, wage and social debts +€1,958
new in 2025: €1,958
- Other debts -€1,240
down €1,240 (-28.9%), from €4,286 to €3,046
- Gross operating margin +€5,362
up €5,362 (+62.3%), from €8,600 to €13,962
- Taxes +€1,958
new in 2025: €1,958
- Other operating charges +€797
new in 2025: €797
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 | €10,816 | €22,741 | +€11,925 | +110.3% |
| Fixed assets | 21/28 | €3,300 | €3,300 | = | 0.0% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €7,516 | €19,441 | +€11,925 | +158.7% |
| Amounts receivable within one year | 40/41 | - | €18,600 | +€18,600 | |
| Trade receivables | 40 | - | €18,600 | +€18,600 | |
| Cash at bank and in hand | 54/58 | €7,516 | €841 | -€6,675 | -88.8% |
| Total equity and liabilities | 10/49 | €10,816 | €22,741 | +€11,925 | +110.3% |
| Equity | 10/15 | €6,530 | €17,737 | +€11,207 | +171.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,470 | €7,737 | +€11,207 | |
| Amounts payable | 17/49 | €4,286 | €5,004 | +€718 | +16.8% |
| Amounts payable within one year | 42/48 | €4,286 | €5,004 | +€718 | +16.8% |
| Taxes, remuneration and social security | 45 | - | €1,958 | +€1,958 | |
| Taxes | 450/3 | - | €1,958 | +€1,958 | |
| Other amounts payable | 47/48 | €4,286 | €3,046 | -€1,240 | -28.9% |
| Other operating charges | 640/8 | - | €797 | +€797 | |
| Gross operating margin | 9900 | €8,600 | €13,962 | +€5,362 | +62.3% |
| Operating profit (loss) | 9901 | €8,600 | €13,165 | +€4,565 | +53.1% |
| Financial charges | 65/66B | €46 | - | -€46 | |
| Recurring financial charges | 65 | €46 | - | -€46 | |
| Profit (loss) for the period before taxes | 9903 | €8,554 | €13,165 | +€4,611 | +53.9% |
| Income taxes | 67/77 | - | €1,958 | +€1,958 | |
| Profit (loss) for the period | 9904 | €8,554 | €11,207 | +€2,653 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,554 | €11,207 | +€2,653 | +31.0% |
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 5 October 2026 via checked.be.