NOA TRAININGS: 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 TRAININGS
Largest movements
- Cash +€80,055
up €80,055 (+59.6%), from €134,424 to €214,479
mainly Short-term financial debts (+€60,000) and Net result for the year (+€40,608)
- Receivables within one year +€43,529
up €43,529 (+28.3%), from €153,606 to €197,134
of which Trade receivables: +€45,770
- Short-term financial debts +€60,000
up €60,000 (+100%), from €60,000 to €120,000
- Reserves +€40,608
up €40,608 (+48.3%), from €84,068 to €124,676
of which Distributable reserves: +€40,608
- Accrued charges and deferred income +€16,617
up €16,617 (+162%), from €10,241 to €26,858
- Trade debts -€14,837
down €14,837 (-17.4%), from €85,432 to €70,595
- Debts after one year +€5,826
new in 2025: €5,826
- Gross operating margin +€192,618
up €192,618 (+93.8%), from €205,282 to €397,901
- Staff costs +€34,482
up €34,482 (+13.2%), from €261,059 to €295,540
- Other operating charges +€23,666
up €23,666 (+615%), from €3,851 to €27,516
- Depreciation +€5,066
up €5,066 (+35.4%), from €14,295 to €19,361
- Financial charges +€4,935
up €4,935 (+80.3%), from €6,143 to €11,079
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 | €346,384 | €462,880 | +€116,496 | +33.6% |
| Fixed assets | 21/28 | €55,302 | €49,547 | -€5,755 | -10.4% |
| Intangible fixed assets | 21 | €4,509 | €2,042 | -€2,467 | -54.7% |
| Tangible fixed assets | 22/27 | €50,793 | €47,505 | -€3,288 | -6.5% |
| Plant, machinery and equipment | 23 | €8,208 | €6,166 | -€2,043 | -24.9% |
| Furniture and vehicles | 24 | €24,682 | €25,316 | +€634 | +2.6% |
| Other tangible fixed assets | 26 | €17,903 | €16,023 | -€1,880 | -10.5% |
| Current assets | 29/58 | €291,081 | €413,333 | +€122,252 | +42.0% |
| Amounts receivable within one year | 40/41 | €153,606 | €197,134 | +€43,529 | +28.3% |
| Trade receivables | 40 | €150,930 | €196,700 | +€45,770 | +30.3% |
| Other amounts receivable | 41 | €2,676 | €435 | -€2,241 | -83.8% |
| Cash at bank and in hand | 54/58 | €134,424 | €214,479 | +€80,055 | +59.6% |
| Deferred charges and accrued income | 490/1 | €3,052 | €1,720 | -€1,332 | -43.7% |
| Total equity and liabilities | 10/49 | €346,384 | €462,880 | +€116,496 | +33.6% |
| Equity | 10/15 | €102,668 | €143,276 | +€40,608 | +39.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,068 | €124,676 | +€40,608 | +48.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,208 | €122,816 | +€40,608 | +49.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €243,716 | €319,604 | +€75,888 | +31.1% |
| Amounts payable after more than one year | 17 | - | €5,826 | +€5,826 | |
| Financial debts | 170/4 | - | €5,826 | +€5,826 | |
| Amounts payable within one year | 42/48 | €233,475 | €286,920 | +€53,446 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €4,342 | +€4,342 | |
| Financial debts | 43 | €60,000 | €120,000 | +€60,000 | +100% |
| Credit institutions | 430/8 | €60,000 | €120,000 | +€60,000 | +100% |
| Trade debts | 44 | €85,432 | €70,595 | -€14,837 | -17.4% |
| Suppliers | 440/4 | €85,432 | €70,595 | -€14,837 | -17.4% |
| Taxes, remuneration and social security | 45 | €42,233 | €47,209 | +€4,976 | +11.8% |
| Taxes | 450/3 | €232 | €4,739 | +€4,507 | +1,944% |
| Remuneration and social security | 454/9 | €42,002 | €42,471 | +€469 | +1.1% |
| Other amounts payable | 47/48 | €45,809 | €44,774 | -€1,035 | -2.3% |
| Accrued charges and deferred income | 492/3 | €10,241 | €26,858 | +€16,617 | +162% |
| Remuneration, social security and pensions | 62 | €261,059 | €295,540 | +€34,482 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,295 | €19,361 | +€5,066 | +35.4% |
| Other operating charges | 640/8 | €3,851 | €27,516 | +€23,666 | +615% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €205,282 | €397,901 | +€192,618 | +93.8% |
| Operating profit (loss) | 9901 | -€73,922 | €55,483 | +€129,405 | |
| Financial income | 75/76B | €356 | €1,217 | +€861 | +242% |
| Recurring financial income | 75 | €356 | €1,217 | +€861 | +242% |
| Financial charges | 65/66B | €6,143 | €11,079 | +€4,935 | +80.3% |
| Recurring financial charges | 65 | €6,143 | €11,079 | +€4,935 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | -€79,710 | €45,622 | +€125,331 | |
| Income taxes | 67/77 | €392 | €5,014 | +€4,622 | +1,179% |
| Profit (loss) for the period | 9904 | -€80,101 | €40,608 | +€120,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,101 | €40,608 | +€120,710 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.