Noah Ba Management: 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.
Noah Ba Management
Largest movements
- Receivables after one year +€88,000
new in 2025: €88,000
- Cash -€2,113
down €2,113 (-86.0%), from €2,458 to €345
mainly Receivables after one year (-€88,000) and Contributions, distributions and other (-€13,902)
- Other debts +€83,682
up €83,682 (+459%), from €18,227 to €101,910
- Tax, wage and social debts +€3,333
up €3,333 (+56.5%), from €5,904 to €9,237
- Gross operating margin -€5,230
down €5,230 (-22.6%), from €23,162 to €17,932
- Taxes -€1,016
down €1,016 (-19.9%), from €5,112 to €4,096
- Depreciation -€270
down €270 (-50.5%), from €534 to €264
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 | €36,961 | €123,723 | +€86,762 | +235% |
| Fixed assets | 21/28 | €264 | €0 | -€264 | -100% |
| Tangible fixed assets | 22/27 | €264 | €0 | -€264 | -100% |
| Plant, machinery and equipment | 23 | €264 | €0 | -€264 | -100% |
| Current assets | 29/58 | €36,697 | €123,723 | +€87,026 | +237% |
| Amounts receivable after more than one year | 29 | - | €88,000 | +€88,000 | |
| Other amounts receivable | 291 | - | €88,000 | +€88,000 | |
| Amounts receivable within one year | 40/41 | €34,239 | €34,836 | +€597 | +1.7% |
| Trade receivables | 40 | €12,100 | €24,691 | +€12,591 | +104% |
| Other amounts receivable | 41 | €22,139 | €10,145 | -€11,994 | -54.2% |
| Cash at bank and in hand | 54/58 | €2,458 | €345 | -€2,113 | -86.0% |
| Deferred charges and accrued income | 490/1 | - | €542 | +€542 | |
| Total equity and liabilities | 10/49 | €36,961 | €123,723 | +€86,762 | +235% |
| Equity | 10/15 | €12,016 | €12,016 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €11,016 | €11,016 | = | 0.0% |
| Distributable reserves | 133 | €11,016 | €11,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,945 | €111,707 | +€86,762 | +348% |
| Amounts payable within one year | 42/48 | €24,785 | €111,147 | +€86,362 | +348% |
| Trade debts | 44 | €654 | €0 | -€654 | -100% |
| Suppliers | 440/4 | €654 | €0 | -€654 | -100% |
| Taxes, remuneration and social security | 45 | €5,904 | €9,237 | +€3,333 | +56.5% |
| Taxes | 450/3 | €5,904 | €9,237 | +€3,333 | +56.5% |
| Other amounts payable | 47/48 | €18,227 | €101,910 | +€83,682 | +459% |
| Accrued charges and deferred income | 492/3 | €160 | €560 | +€400 | +250% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | €264 | -€270 | -50.5% |
| Other operating charges | 640/8 | €118 | €315 | +€197 | +167% |
| Gross operating margin | 9900 | €23,162 | €17,932 | -€5,230 | -22.6% |
| Operating profit (loss) | 9901 | €22,510 | €17,353 | -€5,157 | -22.9% |
| Financial income | 75/76B | €1,095 | €908 | -€187 | -17.1% |
| Recurring financial income | 75 | €1,095 | €908 | -€187 | -17.1% |
| Financial charges | 65/66B | €266 | €263 | -€2 | -0.9% |
| Recurring financial charges | 65 | €266 | €263 | -€2 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €23,339 | €17,998 | -€5,342 | -22.9% |
| Income taxes | 67/77 | €5,112 | €4,096 | -€1,016 | -19.9% |
| Profit (loss) for the period | 9904 | €18,227 | €13,902 | -€4,326 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,227 | €13,902 | -€4,326 | -23.7% |
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 28 October 2026 via checked.be.