NOAB ELEC: 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.
NOAB ELEC
Largest movements
- Tangible fixed assets -€30,253
no longer reported in 2025 (was €30,253)
- Cash -€14,200
down €14,200 (-66.3%), from €21,404 to €7,204
mainly Net result for the year (-€46,410) and Tax, wage and social debts (-€12,627)
- Receivables within one year -€1,875
down €1,875 (-2.6%), from €73,192 to €71,316
of which Other amounts receivable: -€6,545
- Profit (loss) carried forward -€46,410
down €46,410 (-46.9%), from €98,962 to €52,552
- Trade debts +€13,049
new in 2025: €13,049
- Tax, wage and social debts -€12,627
down €12,627 (-58.0%), from €21,776 to €9,149
of which Taxes: -€17,138
- Gross operating margin -€19,269
down €19,269 (-18.9%), from €102,133 to €82,864
- Other operating charges +€16,083
up €16,083 (+1,178%), from €1,366 to €17,449
- Staff costs -€15,818
down €15,818 (-16.3%), from €96,950 to €81,132
- Write-downs +€9,262
new in 2025: €9,262
- Depreciation -€8,559
down €8,559 (-76.6%), from €11,176 to €2,616
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 | €128,939 | €82,951 | -€45,988 | -35.7% |
| Fixed assets | 21/28 | €30,353 | €100 | -€30,253 | -99.7% |
| Tangible fixed assets | 22/27 | €30,253 | - | -€30,253 | |
| Furniture and vehicles | 24 | €30,253 | - | -€30,253 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €98,586 | €82,851 | -€15,735 | -16.0% |
| Amounts receivable within one year | 40/41 | €73,192 | €71,316 | -€1,875 | -2.6% |
| Trade receivables | 40 | €50,279 | €54,948 | +€4,669 | +9.3% |
| Other amounts receivable | 41 | €22,913 | €16,368 | -€6,545 | -28.6% |
| Cash at bank and in hand | 54/58 | €21,404 | €7,204 | -€14,200 | -66.3% |
| Deferred charges and accrued income | 490/1 | €3,990 | €4,330 | +€340 | +8.5% |
| Total equity and liabilities | 10/49 | €128,939 | €82,951 | -€45,988 | -35.7% |
| Equity | 10/15 | €107,162 | €60,752 | -€46,410 | -43.3% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,962 | €52,552 | -€46,410 | -46.9% |
| Amounts payable | 17/49 | €21,776 | €22,198 | +€422 | +1.9% |
| Amounts payable within one year | 42/48 | €21,776 | €22,198 | +€422 | +1.9% |
| Trade debts | 44 | - | €13,049 | +€13,049 | |
| Suppliers | 440/4 | - | €13,049 | +€13,049 | |
| Taxes, remuneration and social security | 45 | €21,776 | €9,149 | -€12,627 | -58.0% |
| Taxes | 450/3 | €17,433 | €295 | -€17,138 | -98.3% |
| Remuneration and social security | 454/9 | €4,343 | €8,854 | +€4,511 | +104% |
| Remuneration, social security and pensions | 62 | €96,950 | €81,132 | -€15,818 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,176 | €2,616 | -€8,559 | -76.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,262 | +€9,262 | |
| Other operating charges | 640/8 | €1,366 | €17,449 | +€16,083 | +1,178% |
| Non-recurring operating charges | 66A | - | €12,760 | +€12,760 | |
| Gross operating margin | 9900 | €102,133 | €82,864 | -€19,269 | -18.9% |
| Operating profit (loss) | 9901 | -€7,359 | -€40,356 | -€32,998 | -448% |
| Financial income | 75/76B | €236 | €314 | +€77 | +32.8% |
| Recurring financial income | 75 | €236 | €314 | +€77 | +32.8% |
| Financial charges | 65/66B | €2,325 | €6,368 | +€4,043 | +174% |
| Recurring financial charges | 65 | €2,325 | €6,368 | +€4,043 | +174% |
| Profit (loss) for the period before taxes | 9903 | -€9,447 | -€46,410 | -€36,963 | -391% |
| Income taxes | 67/77 | €1,222 | - | -€1,222 | |
| Profit (loss) for the period | 9904 | -€10,670 | -€46,410 | -€35,740 | -335% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,670 | -€46,410 | -€35,740 | -335% |
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 20 October 2026 via checked.be.