Noah2024: what changed
Two fiscal 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.
Noah2024
Largest movements
- Receivables within one year +€34,622
up €34,622 (+240.0%), from €14,428 to €49,050
of which Other amounts receivable: +€40,105
- Cash -€8,083
down €8,083 (-100.0%), from €8,085 to €3
mainly Receivables within one year (-€34,622) and Contributions, distributions and other (-€1,528)
- Reserves +€19,579
up €19,579 (+116.5%), from €16,807 to €36,386
- Trade debts +€4,256
up €4,256 (+296.4%), from €1,436 to €5,692
- Current portion of long-term debt +€3,364
new in 2025: €3,364
- Tax, wage and social debts -€660
down €660 (-29.1%), from €2,271 to €1,611
- Gross operating margin +€6,887
up €6,887 (+30.6%), from €22,536 to €29,423
- Taxes +€3,712
up €3,712 (+66.3%), from €5,602 to €9,314
- Financial income +€1,251
up €1,251 (+447.4%), from €280 to €1,530
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 | €22,514 | €49,053 | +€26,539 | +117.9% |
| Current assets | 29/58 | €22,514 | €49,053 | +€26,539 | +117.9% |
| Amounts receivable within one year | 40/41 | €14,428 | €49,050 | +€34,622 | +240.0% |
| Trade receivables | 40 | €5,483 | - | -€5,483 | |
| Other amounts receivable | 41 | €8,945 | €49,050 | +€40,105 | +448.3% |
| Cash at bank and in hand | 54/58 | €8,085 | €3 | -€8,083 | -100.0% |
| Total equity and liabilities | 10/49 | €22,514 | €49,053 | +€26,539 | +117.9% |
| Equity | 10/15 | €18,807 | €38,386 | +€19,579 | +104.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,807 | €36,386 | +€19,579 | +116.5% |
| Distributable reserves | 133 | €16,807 | €36,386 | +€19,579 | +116.5% |
| Amounts payable | 17/49 | €3,707 | €10,667 | +€6,960 | +187.8% |
| Amounts payable within one year | 42/48 | €3,707 | €10,667 | +€6,960 | +187.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,364 | +€3,364 | |
| Trade debts | 44 | €1,436 | €5,692 | +€4,256 | +296.4% |
| Suppliers | 440/4 | €1,436 | €5,692 | +€4,256 | +296.4% |
| Taxes, remuneration and social security | 45 | €2,271 | €1,611 | -€660 | -29.1% |
| Taxes | 450/3 | €2,271 | €1,611 | -€660 | -29.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €22,536 | €29,423 | +€6,887 | +30.6% |
| Operating profit (loss) | 9901 | €22,148 | €29,023 | +€6,875 | +31.0% |
| Financial income | 75/76B | €280 | €1,530 | +€1,251 | +447.4% |
| Recurring financial income | 75 | €280 | €1,530 | +€1,251 | +447.4% |
| Financial charges | 65/66B | €19 | €133 | +€114 | +608.0% |
| Recurring financial charges | 65 | €19 | €133 | +€114 | +608.0% |
| Profit (loss) for the period before taxes | 9903 | €22,409 | €30,421 | +€8,012 | +35.8% |
| Income taxes | 67/77 | €5,602 | €9,314 | +€3,712 | +66.3% |
| Profit (loss) for the period | 9904 | €16,807 | €21,107 | +€4,300 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,807 | €21,107 | +€4,300 | +25.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.