NOAK: 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.
NOAK
Largest movements
- Cash +€111,646
up €111,646 (+353.9%), from €31,550 to €143,196
mainly Net result for the year (+€89,542) and Tax, wage and social debts (+€29,281)
- Reserves +€89,542
up €89,542 (+247.4%), from €36,193 to €125,735
- Tax, wage and social debts +€29,281
up €29,281 (+315.1%), from €9,294 to €38,575
- Trade debts -€7,703
down €7,703 (-90.8%), from €8,486 to €783
- Gross operating margin +€93,505
up €93,505 (+440.7%), from €21,216 to €114,722
- Taxes +€19,811
up €19,811 (+415.4%), from €4,770 to €24,580
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 | €59,109 | €170,478 | +€111,368 | +188.4% |
| Fixed assets | 21/28 | €1,258 | €2,058 | +€800 | +63.6% |
| Tangible fixed assets | 22/27 | €1,258 | €2,058 | +€800 | +63.6% |
| Furniture and vehicles | 24 | €1,258 | €2,058 | +€800 | +63.6% |
| Current assets | 29/58 | €57,852 | €168,420 | +€110,568 | +191.1% |
| Amounts receivable after more than one year | 29 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 291 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,513 | €15,428 | -€1,086 | -6.6% |
| Trade receivables | 40 | €16,456 | €15,428 | -€1,029 | -6.3% |
| Other amounts receivable | 41 | €57 | - | -€57 | |
| Cash at bank and in hand | 54/58 | €31,550 | €143,196 | +€111,646 | +353.9% |
| Deferred charges and accrued income | 490/1 | €788 | €797 | +€9 | +1.1% |
| Total equity and liabilities | 10/49 | €59,109 | €170,478 | +€111,368 | +188.4% |
| Equity | 10/15 | €39,213 | €128,755 | +€89,542 | +228.3% |
| Contributions | 10/11 | €3,020 | €3,020 | = | 0.0% |
| Reserves | 13 | €36,193 | €125,735 | +€89,542 | +247.4% |
| Distributable reserves | 133 | €36,193 | €125,735 | +€89,542 | +247.4% |
| Amounts payable | 17/49 | €19,896 | €41,723 | +€21,827 | +109.7% |
| Amounts payable within one year | 42/48 | €19,896 | €41,723 | +€21,827 | +109.7% |
| Trade debts | 44 | €8,486 | €783 | -€7,703 | -90.8% |
| Suppliers | 440/4 | €8,486 | €783 | -€7,703 | -90.8% |
| Taxes, remuneration and social security | 45 | €9,294 | €38,575 | +€29,281 | +315.1% |
| Taxes | 450/3 | €9,294 | €38,575 | +€29,281 | +315.1% |
| Other amounts payable | 47/48 | €2,116 | €2,365 | +€249 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,179 | €704 | -€475 | -40.3% |
| Other operating charges | 640/8 | €85 | €188 | +€103 | +120.6% |
| Gross operating margin | 9900 | €21,216 | €114,722 | +€93,505 | +440.7% |
| Operating profit (loss) | 9901 | €19,952 | €113,830 | +€93,878 | +470.5% |
| Financial income | 75/76B | €51 | €589 | +€537 | +1053.7% |
| Recurring financial income | 75 | €51 | €589 | +€537 | +1053.7% |
| Financial charges | 65/66B | €389 | €296 | -€93 | -23.8% |
| Recurring financial charges | 65 | €389 | €296 | -€93 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €19,614 | €114,122 | +€94,508 | +481.8% |
| Income taxes | 67/77 | €4,770 | €24,580 | +€19,811 | +415.4% |
| Profit (loss) for the period | 9904 | €14,845 | €89,542 | +€74,697 | +503.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,845 | €89,542 | +€74,697 | +503.2% |
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 7 October 2026 via checked.be.