NOARBER: 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.
NOARBER
Largest movements
- Cash +€17,563
up €17,563 (+158.7%), from €11,065 to €28,628
mainly Net result for the year (+€12,372) and Trade debts (+€6,465)
- Receivables within one year -€3,117
down €3,117 (-99.0%), from €3,149 to €32
of which Trade receivables: -€2,481
- Stocks and contracts -€1,090
down €1,090 (-47.8%), from €2,279 to €1,189
- Profit (loss) carried forward +€12,372
up €12,372 (+308.1%), from €4,015 to €16,387
- Other debts -€8,029
down €8,029 (-96.5%), from €8,318 to €289
- Trade debts +€6,465
up €6,465 (+204.8%), from €3,156 to €9,621
- Tax, wage and social debts +€2,548
up €2,548 (+253.8%), from €1,004 to €3,552
- Gross operating margin +€11,590
up €11,590 (+208.8%), from €5,551 to €17,141
- Taxes +€2,548
up €2,548 (+253.8%), from €1,004 to €3,552
- Other operating charges +€383
up €383 (+74.1%), from €517 to €900
- Financial charges +€302
up €302 (+2013.3%), from €15 to €317
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 | €16,493 | €29,849 | +€13,356 | +81.0% |
| Current assets | 29/58 | €16,493 | €29,849 | +€13,356 | +81.0% |
| Stocks and contracts in progress | 3 | €2,279 | €1,189 | -€1,090 | -47.8% |
| Stocks | 30/36 | €2,279 | €1,189 | -€1,090 | -47.8% |
| Amounts receivable within one year | 40/41 | €3,149 | €32 | -€3,117 | -99.0% |
| Trade receivables | 40 | €2,481 | - | -€2,481 | |
| Other amounts receivable | 41 | €668 | €32 | -€636 | -95.2% |
| Cash at bank and in hand | 54/58 | €11,065 | €28,628 | +€17,563 | +158.7% |
| Total equity and liabilities | 10/49 | €16,493 | €29,849 | +€13,356 | +81.0% |
| Equity | 10/15 | €4,015 | €16,387 | +€12,372 | +308.1% |
| Profit (loss) carried forward | 14 | €4,015 | €16,387 | +€12,372 | +308.1% |
| Amounts payable | 17/49 | €12,478 | €13,462 | +€984 | +7.9% |
| Amounts payable within one year | 42/48 | €12,478 | €13,462 | +€984 | +7.9% |
| Trade debts | 44 | €3,156 | €9,621 | +€6,465 | +204.8% |
| Suppliers | 440/4 | €3,156 | €9,621 | +€6,465 | +204.8% |
| Taxes, remuneration and social security | 45 | €1,004 | €3,552 | +€2,548 | +253.8% |
| Taxes | 450/3 | €1,004 | €3,552 | +€2,548 | +253.8% |
| Other amounts payable | 47/48 | €8,318 | €289 | -€8,029 | -96.5% |
| Other operating charges | 640/8 | €517 | €900 | +€383 | +74.1% |
| Gross operating margin | 9900 | €5,551 | €17,141 | +€11,590 | +208.8% |
| Operating profit (loss) | 9901 | €5,034 | €16,241 | +€11,207 | +222.6% |
| Financial charges | 65/66B | €15 | €317 | +€302 | +2013.3% |
| Recurring financial charges | 65 | €15 | €317 | +€302 | +2013.3% |
| Profit (loss) for the period before taxes | 9903 | €5,019 | €15,924 | +€10,905 | +217.3% |
| Income taxes | 67/77 | €1,004 | €3,552 | +€2,548 | +253.8% |
| Profit (loss) for the period | 9904 | €4,015 | €12,372 | +€8,357 | +208.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,015 | €12,372 | +€8,357 | +208.1% |
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.