NOA PRODUCTIONS: 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.
NOA PRODUCTIONS
Largest movements
- Receivables within one year -€96,981
down €96,981 (-29.5%), from €328,255 to €231,274
of which Trade receivables: -€207,723
- Other debts -€44,200
down €44,200 (-52.0%), from €85,000 to €40,800
- Tax, wage and social debts -€25,818
down €25,818 (-76.5%), from €33,769 to €7,951
- Current portion of long-term debt -€22,536
down €22,536 (-75.7%), from €29,761 to €7,225
- Debts after one year -€10,751
down €10,751 (-35.2%), from €30,520 to €19,768
- Trade debts +€9,900
up €9,900 (+158%), from €6,277 to €16,178
- Gross operating margin -€199,037
down €199,037 (-66.5%), from €299,122 to €100,085
- Taxes -€50,009
down €50,009 (-75.4%), from €66,361 to €16,352
- Depreciation +€10,367
up €10,367 (+76.7%), from €13,522 to €23,889
- Other operating charges +€5,806
up €5,806 (+178%), from €3,255 to €9,061
- Financial charges +€3,176
up €3,176 (+54.1%), from €5,870 to €9,046
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €744,827 | €655,646 | -€89,181 | -12.0% |
| Fixed assets | 21/28 | €241,638 | €244,195 | +€2,558 | +1.1% |
| Tangible fixed assets | 22/27 | €241,638 | €244,195 | +€2,558 | +1.1% |
| Land and buildings | 22 | €211,954 | €219,601 | +€7,647 | +3.6% |
| Plant, machinery and equipment | 23 | €3,062 | €963 | -€2,099 | -68.5% |
| Furniture and vehicles | 24 | €9,298 | €9,923 | +€625 | +6.7% |
| Other tangible fixed assets | 26 | €17,323 | €13,708 | -€3,615 | -20.9% |
| Current assets | 29/58 | €503,189 | €411,451 | -€91,739 | -18.2% |
| Amounts receivable within one year | 40/41 | €328,255 | €231,274 | -€96,981 | -29.5% |
| Trade receivables | 40 | €241,582 | €33,858 | -€207,723 | -86.0% |
| Other amounts receivable | 41 | €86,673 | €197,416 | +€110,742 | +128% |
| Cash at bank and in hand | 54/58 | €174,315 | €177,689 | +€3,374 | +1.9% |
| Deferred charges and accrued income | 490/1 | €619 | €2,488 | +€1,869 | +302% |
| Total equity and liabilities | 10/49 | €744,827 | €655,646 | -€89,181 | -12.0% |
| Equity | 10/15 | €558,794 | €559,029 | +€235 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €105,886 | €105,886 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,983 | €4,983 | = | 0.0% |
| Distributable reserves | 133 | €98,903 | €98,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | €432,907 | €433,142 | +€235 | +0.1% |
| Amounts payable | 17/49 | €186,033 | €96,617 | -€89,416 | -48.1% |
| Amounts payable after more than one year | 17 | €30,520 | €19,768 | -€10,751 | -35.2% |
| Financial debts | 170/4 | €30,520 | €19,768 | -€10,751 | -35.2% |
| Amounts payable within one year | 42/48 | €155,514 | €76,390 | -€79,123 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €29,761 | €7,225 | -€22,536 | -75.7% |
| Financial debts | 43 | €706 | €4,237 | +€3,530 | +500% |
| Credit institutions | 430/8 | €706 | €4,237 | +€3,530 | +500% |
| Trade debts | 44 | €6,277 | €16,178 | +€9,900 | +158% |
| Suppliers | 440/4 | €6,277 | €16,178 | +€9,900 | +158% |
| Taxes, remuneration and social security | 45 | €33,769 | €7,951 | -€25,818 | -76.5% |
| Taxes | 450/3 | €33,769 | €7,951 | -€25,818 | -76.5% |
| Other amounts payable | 47/48 | €85,000 | €40,800 | -€44,200 | -52.0% |
| Accrued charges and deferred income | 492/3 | - | €459 | +€459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,522 | €23,889 | +€10,367 | +76.7% |
| Other operating charges | 640/8 | €3,255 | €9,061 | +€5,806 | +178% |
| Gross operating margin | 9900 | €299,122 | €100,085 | -€199,037 | -66.5% |
| Operating profit (loss) | 9901 | €282,344 | €67,135 | -€215,209 | -76.2% |
| Financial income | 75/76B | €7,565 | €6,497 | -€1,067 | -14.1% |
| Recurring financial income | 75 | €7,565 | €6,497 | -€1,067 | -14.1% |
| Financial charges | 65/66B | €5,870 | €9,046 | +€3,176 | +54.1% |
| Recurring financial charges | 65 | €5,870 | €9,046 | +€3,176 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €284,039 | €64,587 | -€219,452 | -77.3% |
| Income taxes | 67/77 | €66,361 | €16,352 | -€50,009 | -75.4% |
| Profit (loss) for the period | 9904 | €217,678 | €48,235 | -€169,443 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €217,678 | €48,235 | -€169,443 | -77.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.