NOACOP: 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.
NOACOP
Largest movements
- Tangible fixed assets -€1,136
down €1,136 (-73.9%), from €1,537 to €401
- Reserves -€1,135
down €1,135 (-5.3%), from €21,482 to €20,347
of which Distributable reserves: -€1,135
- Gross operating margin +€1,519
no longer reported in 2025 (was -€1,519)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,771 | €70,635 | -€1,136 | -1.6% |
| Fixed assets | 21/28 | €71,537 | €70,401 | -€1,136 | -1.6% |
| Tangible fixed assets | 22/27 | €1,537 | €401 | -€1,136 | -73.9% |
| Other tangible fixed assets | 26 | €1,537 | €401 | -€1,136 | -73.9% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €234 | €234 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €234 | €234 | = | 0.0% |
| Other amounts receivable | 41 | €234 | €234 | = | 0.0% |
| Total equity and liabilities | 10/49 | €71,771 | €70,635 | -€1,136 | -1.6% |
| Equity | 10/15 | €40,082 | €38,947 | -€1,135 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,482 | €20,347 | -€1,135 | -5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,622 | €18,487 | -€1,135 | -5.8% |
| Amounts payable | 17/49 | €31,689 | €31,688 | -€1 | 0.0% |
| Amounts payable within one year | 42/48 | €31,689 | €31,688 | -€1 | 0.0% |
| Trade debts | 44 | €1,350 | €1,350 | = | 0.0% |
| Suppliers | 440/4 | €1,350 | €1,350 | = | 0.0% |
| Other amounts payable | 47/48 | €30,339 | €30,338 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,135 | €1,136 | +€1 | +0.1% |
| Gross operating margin | 9900 | -€1,519 | - | +€1,519 | |
| Operating profit (loss) | 9901 | -€2,654 | -€1,136 | +€1,518 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,654 | -€1,136 | +€1,518 | +57.2% |
| Profit (loss) for the period | 9904 | -€2,654 | -€1,136 | +€1,518 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,654 | -€1,136 | +€1,518 | +57.2% |
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 11 October 2026 via checked.be.