NOAH PROJECTS: 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 PROJECTS
Largest movements
- Cash -€624
down €624 (-14.8%), from €4,226 to €3,602
mainly Net result for the year (-€1,016)
- Receivables within one year -€392
down €392 (-4.1%), from €9,679 to €9,287
- Profit (loss) carried forward -€1,016
down €1,016 (-92.8%), from -€1,095 to -€2,111
- Other operating charges -€1,083
down €1,083 (-55.3%), from €1,957 to €874
- Gross operating margin -€47
down €47 (-55.3%), from €85 to €38
- Financial charges +€30
up €30 (+20.0%), from €150 to €180
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
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 | €13,905 | €12,889 | -€1,016 | -7.3% |
| Current assets | 29/58 | €13,905 | €12,889 | -€1,016 | -7.3% |
| Amounts receivable within one year | 40/41 | €9,679 | €9,287 | -€392 | -4.1% |
| Other amounts receivable | 41 | €9,679 | €9,287 | -€392 | -4.1% |
| Cash at bank and in hand | 54/58 | €4,226 | €3,602 | -€624 | -14.8% |
| Total equity and liabilities | 10/49 | €13,905 | €12,889 | -€1,016 | -7.3% |
| Equity | 10/15 | €13,905 | €12,889 | -€1,016 | -7.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,095 | -€2,111 | -€1,016 | -92.8% |
| Other operating charges | 640/8 | €1,957 | €874 | -€1,083 | -55.3% |
| Gross operating margin | 9900 | €85 | €38 | -€47 | -55.3% |
| Operating profit (loss) | 9901 | -€1,872 | -€836 | +€1,036 | +55.3% |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.0% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,022 | -€1,016 | +€1,006 | +49.8% |
| Profit (loss) for the period | 9904 | -€2,022 | -€1,016 | +€1,006 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,022 | -€1,016 | +€1,006 | +49.8% |
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 12 October 2026 via checked.be.