NOAH VAN DORPE: what changed
NOAH VAN DORPE
Largest movements
- Receivables within one year +€32,062
up €32,062 (+20.3%), from €157,903 to €189,966
of which Trade receivables: +€17,414
- Cash -€30,873
down €30,873 (-100%), from €30,873 to €0
mainly Net result for the year (-€53,644) and Receivables within one year (-€32,062)
- Tangible fixed assets -€9,856
down €9,856 (-4.4%), from €224,366 to €214,509
of which Land and buildings: -€7,503
- Trade debts +€58,371
up €58,371 (+187%), from €31,138 to €89,509
- Profit (loss) carried forward -€53,644
down €53,644, from €0 to -€53,644
- Debts after one year -€17,109
down €17,109 (-16.1%), from €106,393 to €89,284
- Short-term financial debts +€15,006
new in 2025: €15,006
- Tax, wage and social debts -€6,918
down €6,918 (-41.0%), from €16,862 to €9,944
- Gross operating margin -€73,942
down €73,942, from €67,291 to -€6,651
- Taxes +€14,631
up €14,631 (+99.0%), from €14,771 to €29,402
- Financial charges -€2,293
down €2,293 (-37.4%), from €6,126 to €3,833
- Other operating charges -€815
down €815 (-23.4%), from €3,482 to €2,667
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,302 | €404,736 | -€9,566 | -2.3% |
| Fixed assets | 21/28 | €225,526 | €214,771 | -€10,756 | -4.8% |
| Intangible fixed assets | 21 | €1,161 | €261 | -€899 | -77.5% |
| Tangible fixed assets | 22/27 | €224,366 | €214,509 | -€9,856 | -4.4% |
| Land and buildings | 22 | €211,492 | €203,989 | -€7,503 | -3.5% |
| Plant, machinery and equipment | 23 | - | €1,595 | +€1,595 | |
| Furniture and vehicles | 24 | €11,758 | €7,810 | -€3,948 | -33.6% |
| Other tangible fixed assets | 26 | €1,116 | €1,116 | = | 0.0% |
| Current assets | 29/58 | €188,776 | €189,966 | +€1,190 | +0.6% |
| Amounts receivable within one year | 40/41 | €157,903 | €189,966 | +€32,062 | +20.3% |
| Trade receivables | 40 | €126,324 | €143,738 | +€17,414 | +13.8% |
| Other amounts receivable | 41 | €31,579 | €46,227 | +€14,648 | +46.4% |
| Cash at bank and in hand | 54/58 | €30,873 | €0 | -€30,873 | -100% |
| Total equity and liabilities | 10/49 | €414,302 | €404,736 | -€9,566 | -2.3% |
| Equity | 10/15 | €235,987 | €182,343 | -€53,644 | -22.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €230,987 | €230,987 | = | 0.0% |
| Distributable reserves | 133 | €230,987 | €230,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€53,644 | -€53,644 | |
| Amounts payable | 17/49 | €178,315 | €222,393 | +€44,078 | +24.7% |
| Amounts payable after more than one year | 17 | €106,393 | €89,284 | -€17,109 | -16.1% |
| Financial debts | 170/4 | €106,393 | €89,284 | -€17,109 | -16.1% |
| Amounts payable within one year | 42/48 | €64,962 | €131,568 | +€66,606 | +103% |
| Current portion of amounts payable after more than one year | 42 | €16,962 | €17,109 | +€147 | +0.9% |
| Financial debts | 43 | - | €15,006 | +€15,006 | |
| Credit institutions | 430/8 | - | €15,006 | +€15,006 | |
| Trade debts | 44 | €31,138 | €89,509 | +€58,371 | +187% |
| Suppliers | 440/4 | €31,138 | €89,509 | +€58,371 | +187% |
| Taxes, remuneration and social security | 45 | €16,862 | €9,944 | -€6,918 | -41.0% |
| Taxes | 450/3 | €16,862 | €9,944 | -€6,918 | -41.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €6,960 | €1,541 | -€5,419 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,485 | €12,605 | +€120 | +1.0% |
| Other operating charges | 640/8 | €3,482 | €2,667 | -€815 | -23.4% |
| Gross operating margin | 9900 | €67,291 | -€6,651 | -€73,942 | |
| Operating profit (loss) | 9901 | €51,324 | -€21,923 | -€73,246 | |
| Financial income | 75/76B | €1,705 | €1,513 | -€192 | -11.2% |
| Recurring financial income | 75 | €1,705 | €1,513 | -€192 | -11.2% |
| Financial charges | 65/66B | €6,126 | €3,833 | -€2,293 | -37.4% |
| Recurring financial charges | 65 | €6,126 | €3,833 | -€2,293 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €46,903 | -€24,242 | -€71,145 | |
| Income taxes | 67/77 | €14,771 | €29,402 | +€14,631 | +99.0% |
| Profit (loss) for the period | 9904 | €32,132 | -€53,644 | -€85,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,132 | -€53,644 | -€85,776 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.