Noarcini: 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.
Noarcini
Largest movements
- Tangible fixed assets -€27,547
down €27,547 (-3.5%), from €779,751 to €752,204
- Debts after one year -€71,609
down €71,609 (-14.5%), from €495,020 to €423,412
- Reserves +€27,244
up €27,244 (+94.8%), from €28,725 to €55,969
- Other debts +€14,659
up €14,659 (+67.8%), from €21,609 to €36,268
- Gross operating margin +€7,034
up €7,034 (+8.0%), from €88,426 to €95,459
- Financial charges +€3,180
up €3,180 (+17.6%), from €18,058 to €21,238
- Taxes +€1,588
up €1,588 (+17.5%), from €9,081 to €10,669
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 | €789,700 | €761,242 | -€28,458 | -3.6% |
| Fixed assets | 21/28 | €779,751 | €752,204 | -€27,547 | -3.5% |
| Tangible fixed assets | 22/27 | €779,751 | €752,204 | -€27,547 | -3.5% |
| Land and buildings | 22 | €779,751 | €752,204 | -€27,547 | -3.5% |
| Current assets | 29/58 | €9,949 | €9,038 | -€911 | -9.2% |
| Amounts receivable within one year | 40/41 | €3,419 | €0 | -€3,419 | -100.0% |
| Other amounts receivable | 41 | €3,419 | €0 | -€3,419 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,531 | €9,038 | +€2,507 | +38.4% |
| Total equity and liabilities | 10/49 | €789,700 | €761,242 | -€28,458 | -3.6% |
| Equity | 10/15 | €189,569 | €218,878 | +€29,309 | +15.5% |
| Contributions | 10/11 | €133,600 | €133,600 | = | 0.0% |
| Reserves | 13 | €28,725 | €55,969 | +€27,244 | +94.8% |
| Distributable reserves | 133 | €28,725 | €55,969 | +€27,244 | +94.8% |
| Profit (loss) carried forward | 14 | €27,244 | €29,309 | +€2,064 | +7.6% |
| Amounts payable | 17/49 | €600,131 | €542,364 | -€57,767 | -9.6% |
| Amounts payable after more than one year | 17 | €495,020 | €423,412 | -€71,609 | -14.5% |
| Financial debts | 170/4 | €495,020 | €423,412 | -€71,609 | -14.5% |
| Amounts payable within one year | 42/48 | €105,111 | €118,952 | +€13,842 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €69,229 | €71,609 | +€2,379 | +3.4% |
| Trade debts | 44 | €1,159 | €407 | -€751 | -64.8% |
| Suppliers | 440/4 | €1,159 | €407 | -€751 | -64.8% |
| Taxes, remuneration and social security | 45 | €13,114 | €10,669 | -€2,445 | -18.6% |
| Taxes | 450/3 | €13,114 | €10,669 | -€2,445 | -18.6% |
| Other amounts payable | 47/48 | €21,609 | €36,268 | +€14,659 | +67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,547 | €27,547 | = | 0.0% |
| Other operating charges | 640/8 | €6,495 | €6,697 | +€202 | +3.1% |
| Gross operating margin | 9900 | €88,426 | €95,459 | +€7,034 | +8.0% |
| Operating profit (loss) | 9901 | €54,384 | €61,216 | +€6,832 | +12.6% |
| Financial charges | 65/66B | €18,058 | €21,238 | +€3,180 | +17.6% |
| Recurring financial charges | 65 | €18,058 | €21,238 | +€3,180 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €36,326 | €39,978 | +€3,652 | +10.1% |
| Income taxes | 67/77 | €9,081 | €10,669 | +€1,588 | +17.5% |
| Profit (loss) for the period | 9904 | €27,244 | €29,309 | +€2,064 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,244 | €29,309 | +€2,064 | +7.6% |
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 5 October 2026 via checked.be.