NOAH TECH: 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 TECH
Largest movements
- Cash +€21,889
up €21,889 (+52.0%), from €42,097 to €63,986
mainly Net result for the year (+€66,535) and Trade debts (+€2,021)
- Receivables within one year +€3,073
up €3,073 (+12.2%), from €25,160 to €28,233
of which Trade receivables: +€4,135
- Profit (loss) carried forward +€66,535
new in 2025: €66,535
- Other debts -€37,148
no longer reported in 2025 (was €37,148)
- Tax, wage and social debts -€5,905
down €5,905 (-44.8%), from €13,184 to €7,279
- Trade debts +€2,021
up €2,021 (+515.2%), from €392 to €2,413
- Gross operating margin +€9,980
up €9,980 (+11.7%), from €85,300 to €95,280
- Taxes +€8,123
up €8,123 (+50.5%), from €16,100 to €24,223
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 | €71,184 | €96,686 | +€25,503 | +35.8% |
| Fixed assets | 21/28 | €3,927 | €4,467 | +€540 | +13.8% |
| Tangible fixed assets | 22/27 | €3,438 | €3,978 | +€540 | +15.7% |
| Plant, machinery and equipment | 23 | €3,438 | €3,978 | +€540 | +15.7% |
| Financial fixed assets | 28 | €489 | €489 | = | 0.0% |
| Current assets | 29/58 | €67,257 | €92,219 | +€24,962 | +37.1% |
| Amounts receivable within one year | 40/41 | €25,160 | €28,233 | +€3,073 | +12.2% |
| Trade receivables | 40 | €17,382 | €21,517 | +€4,135 | +23.8% |
| Other amounts receivable | 41 | €7,779 | €6,716 | -€1,062 | -13.7% |
| Cash at bank and in hand | 54/58 | €42,097 | €63,986 | +€21,889 | +52.0% |
| Total equity and liabilities | 10/49 | €71,184 | €96,686 | +€25,503 | +35.8% |
| Equity | 10/15 | €20,460 | €86,995 | +€66,535 | +325.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €66,535 | +€66,535 | |
| Amounts payable | 17/49 | €50,724 | €9,691 | -€41,032 | -80.9% |
| Amounts payable within one year | 42/48 | €50,724 | €9,691 | -€41,032 | -80.9% |
| Trade debts | 44 | €392 | €2,413 | +€2,021 | +515.2% |
| Suppliers | 440/4 | €392 | €2,413 | +€2,021 | +515.2% |
| Taxes, remuneration and social security | 45 | €13,184 | €7,279 | -€5,905 | -44.8% |
| Taxes | 450/3 | €13,184 | €7,279 | -€5,905 | -44.8% |
| Other amounts payable | 47/48 | €37,148 | - | -€37,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €974 | €765 | -€210 | -21.5% |
| Other operating charges | 640/8 | €381 | €558 | +€178 | +46.6% |
| Gross operating margin | 9900 | €85,300 | €95,280 | +€9,980 | +11.7% |
| Operating profit (loss) | 9901 | €83,945 | €93,957 | +€10,012 | +11.9% |
| Financial charges | 65/66B | €3,673 | €3,199 | -€474 | -12.9% |
| Recurring financial charges | 65 | €3,673 | €3,199 | -€474 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €80,273 | €90,758 | +€10,485 | +13.1% |
| Income taxes | 67/77 | €16,100 | €24,223 | +€8,123 | +50.5% |
| Profit (loss) for the period | 9904 | €64,173 | €66,535 | +€2,362 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,173 | €66,535 | +€2,362 | +3.7% |
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 12 October 2026 via checked.be.