NOAM JEWELS: what changed
NOAM JEWELS
Largest movements
- Receivables within one year +€305,000
up €305,000 (+102%), from €298,466 to €603,466
of which Trade receivables: +€305,000
- Cash +€151,932
up €151,932 (+168%), from €90,576 to €242,508
mainly Net result for the year (+€347,615) and Tax, wage and social debts (+€200,110)
- Stocks and contracts +€66,839
up €66,839 (+7.6%), from €874,990 to €941,829
- Reserves +€280,000
up €280,000 (+720%), from €38,900 to €318,900
of which Distributable reserves: +€280,000
- Tax, wage and social debts +€200,110
up €200,110 (+733%), from €27,315 to €227,425
of which Taxes: +€193,705
- Profit (loss) carried forward +€67,615
up €67,615, from -€63,364 to €4,251
- Trade debts -€26,419
down €26,419 (-2.1%), from €1.3m to €1.2m
- Gross operating margin +€474,699
up €474,699 (+490%), from €96,790 to €571,488
- Taxes +€158,267
up €158,267 (+2,079%), from €7,612 to €165,879
- Write-downs -€77,899
no longer reported in 2025 (was €77,899)
- Financial income +€23,397
up €23,397 (+2,018%), from €1,160 to €24,556
- Staff costs +€11,280
up €11,280 (+23.2%), from €48,648 to €59,929
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 | €1,285,225 | €1,807,666 | +€522,441 | +40.6% |
| Fixed assets | 21/28 | €14,047 | €12,573 | -€1,474 | -10.5% |
| Tangible fixed assets | 22/27 | €7,447 | €5,973 | -€1,474 | -19.8% |
| Land and buildings | 22 | €6,422 | €5,460 | -€961 | -15.0% |
| Plant, machinery and equipment | 23 | €80 | - | -€80 | |
| Furniture and vehicles | 24 | €946 | €513 | -€433 | -45.7% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €1,271,177 | €1,795,093 | +€523,915 | +41.2% |
| Stocks and contracts in progress | 3 | €874,990 | €941,829 | +€66,839 | +7.6% |
| Stocks | 30/36 | €874,990 | €941,829 | +€66,839 | +7.6% |
| Amounts receivable within one year | 40/41 | €298,466 | €603,466 | +€305,000 | +102% |
| Trade receivables | 40 | €296,456 | €601,456 | +€305,000 | +103% |
| Other amounts receivable | 41 | €2,010 | €2,010 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,576 | €242,508 | +€151,932 | +168% |
| Deferred charges and accrued income | 490/1 | €7,146 | €7,290 | +€144 | +2.0% |
| Total equity and liabilities | 10/49 | €1,285,225 | €1,807,666 | +€522,441 | +40.6% |
| Equity | 10/15 | -€5,872 | €341,742 | +€347,615 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €38,900 | €318,900 | +€280,000 | +720% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €37,041 | €317,041 | +€280,000 | +756% |
| Profit (loss) carried forward | 14 | -€63,364 | €4,251 | +€67,615 | |
| Amounts payable | 17/49 | €1,291,097 | €1,465,924 | +€174,826 | +13.5% |
| Amounts payable within one year | 42/48 | €1,291,097 | €1,465,924 | +€174,826 | +13.5% |
| Trade debts | 44 | €1,257,037 | €1,230,618 | -€26,419 | -2.1% |
| Suppliers | 440/4 | €1,257,037 | €1,230,618 | -€26,419 | -2.1% |
| Taxes, remuneration and social security | 45 | €27,315 | €227,425 | +€200,110 | +733% |
| Taxes | 450/3 | €25,126 | €218,831 | +€193,705 | +771% |
| Remuneration and social security | 454/9 | €2,189 | €8,594 | +€6,405 | +293% |
| Other amounts payable | 47/48 | €6,745 | €7,881 | +€1,136 | +16.8% |
| Remuneration, social security and pensions | 62 | €48,648 | €59,929 | +€11,280 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,588 | €1,474 | -€114 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €77,899 | - | -€77,899 | |
| Other operating charges | 640/8 | €1,360 | €4,315 | +€2,955 | +217% |
| Gross operating margin | 9900 | €96,790 | €571,488 | +€474,699 | +490% |
| Operating profit (loss) | 9901 | -€32,707 | €505,770 | +€538,477 | |
| Financial income | 75/76B | €1,160 | €24,556 | +€23,397 | +2,018% |
| Recurring financial income | 75 | €1,160 | €24,556 | +€23,397 | +2,018% |
| Financial charges | 65/66B | €17,601 | €16,833 | -€768 | -4.4% |
| Recurring financial charges | 65 | €17,601 | €16,833 | -€768 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,148 | €513,494 | +€562,642 | |
| Income taxes | 67/77 | €7,612 | €165,879 | +€158,267 | +2,079% |
| Profit (loss) for the period | 9904 | -€56,760 | €347,615 | +€404,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,760 | €347,615 | +€404,375 |
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 6 November 2026 via checked.be.