NOC NOC: what changed
What changed
NOC NOC
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€355,000
2024 · €64,983+€290,017
Equity
€553,710
2024 · €553,710
Cash
€472,428
2024 · €54,543+€417,885
Balance sheet total
€2.2m
2024 · €2.1m+€177,810
Largest movements
Assets
- Cash +€417,885
up €417,885 (+766%), from €54,543 to €472,428
mainly Net result for the year (+€355,000) and Other debts (+€300,404)
- Tangible fixed assets -€172,238
down €172,238 (-10.2%), from €1.7m to €1.5m
- Stocks and contracts -€50,332
down €50,332 (-24.2%), from €207,563 to €157,231
of which Contracts in progress: -€58,000
Equity and liabilities
- Other debts +€300,404
up €300,404 (+546%), from €55,000 to €355,404
- Debts after one year -€105,345
down €105,345 (-9.0%), from €1.2m to €1.1m
- Advances received -€37,500
down €37,500 (-28.8%), from €130,000 to €92,500
- Tax, wage and social debts +€29,835
up €29,835 (+116%), from €25,687 to €55,522
of which Remuneration and social security: +€20,853
Income statement
- Gross operating margin +€352,566
up €352,566 (+45.6%), from €772,865 to €1.1m
- Staff costs +€44,299
up €44,299 (+9.5%), from €464,216 to €508,514
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.
Result 2024
€64,983
Gross operating margin
+€352,566
Staff costs
-€44,299
Depreciation
-€11,153
Other operating charges
-€6,976
Financial income
+€2,635
Financial charges
-€6,495
Taxes
+€3,738
Result 2025
€355,000
raises the resultlowers the result
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.
From operations
+€912,101
Investment
-€16,856
Financing
-€477,360
Cash 2024
€54,543
From operations (derived)
+€912,101
Net result for the year
+€355,000
Depreciation
+€192,386
Stocks and contracts
+€50,332
Receivables within one year
+€14,951
Deferred charges and accrued income
-€738
Trade debts
+€7,431
Tax, wage and social debts
+€29,835
Advances received
-€37,500
Other debts
+€300,404
Investment (derived)
-€16,856
Investment in fixed assets (net)
-€16,856
Financing
-€477,360
Debts after one year
-€105,345
Current portion of long-term debt
-€10,254
Short-term financial debts
-€6,761
Contributions, distributions and other
-€355,000
Cash 2025
€472,428
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,067,058 | €2,244,868 | +€177,810 | +8.6% |
| Fixed assets | 21/28 | €1,695,455 | €1,519,925 | -€175,530 | -10.4% |
| Intangible fixed assets | 21 | €13,694 | €10,402 | -€3,292 | -24.0% |
| Tangible fixed assets | 22/27 | €1,681,761 | €1,509,523 | -€172,238 | -10.2% |
| Land and buildings | 22 | €1,179,723 | €1,101,559 | -€78,164 | -6.6% |
| Plant, machinery and equipment | 23 | €109,822 | €95,170 | -€14,652 | -13.3% |
| Furniture and vehicles | 24 | €3,177 | €3,311 | +€134 | +4.2% |
| Leasing and similar rights | 25 | €323,655 | €251,204 | -€72,451 | -22.4% |
| Other tangible fixed assets | 26 | €65,384 | €58,280 | -€7,104 | -10.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €371,603 | €724,943 | +€353,340 | +95.1% |
| Stocks and contracts in progress | 3 | €207,563 | €157,231 | -€50,332 | -24.2% |
| Stocks | 30/36 | €103,063 | €110,731 | +€7,668 | +7.4% |
| Contracts in progress | 37 | €104,500 | €46,500 | -€58,000 | -55.5% |
| Amounts receivable within one year | 40/41 | €99,435 | €84,485 | -€14,951 | -15.0% |
| Trade receivables | 40 | €45,070 | €48,210 | +€3,141 | +7.0% |
| Other amounts receivable | 41 | €54,366 | €36,274 | -€18,092 | -33.3% |
| Cash at bank and in hand | 54/58 | €54,543 | €472,428 | +€417,885 | +766% |
| Deferred charges and accrued income | 490/1 | €10,061 | €10,799 | +€738 | +7.3% |
| Total equity and liabilities | 10/49 | €2,067,058 | €2,244,868 | +€177,810 | +8.6% |
| Equity | 10/15 | €553,710 | €553,710 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €547,510 | €547,510 | = | 0.0% |
| Distributable reserves | 133 | €547,510 | €547,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,513,348 | €1,691,158 | +€177,810 | +11.7% |
| Amounts payable after more than one year | 17 | €1,168,743 | €1,063,398 | -€105,345 | -9.0% |
| Financial debts | 170/4 | €1,168,743 | €1,063,398 | -€105,345 | -9.0% |
| Amounts payable within one year | 42/48 | €344,605 | €627,760 | +€283,155 | +82.2% |
| Current portion of amounts payable after more than one year | 42 | €115,599 | €105,345 | -€10,254 | -8.9% |
| Financial debts | 43 | €6,761 | €0 | -€6,761 | -100% |
| Credit institutions | 430/8 | €6,761 | €0 | -€6,761 | -100% |
| Trade debts | 44 | €11,558 | €18,988 | +€7,431 | +64.3% |
| Suppliers | 440/4 | €11,558 | €18,988 | +€7,431 | +64.3% |
| Advances received on contracts in progress | 46 | €130,000 | €92,500 | -€37,500 | -28.8% |
| Taxes, remuneration and social security | 45 | €25,687 | €55,522 | +€29,835 | +116% |
| Taxes | 450/3 | €1,976 | €10,959 | +€8,983 | +454% |
| Remuneration and social security | 454/9 | €23,711 | €44,563 | +€20,853 | +87.9% |
| Other amounts payable | 47/48 | €55,000 | €355,404 | +€300,404 | +546% |
| Non-recurring operating income | 76A | €21,000 | €0 | -€21,000 | -100% |
| Remuneration, social security and pensions | 62 | €464,216 | €508,514 | +€44,299 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,233 | €192,386 | +€11,153 | +6.2% |
| Other operating charges | 640/8 | €6,241 | €13,217 | +€6,976 | +112% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €772,865 | €1,125,432 | +€352,566 | +45.6% |
| Operating profit (loss) | 9901 | €121,176 | €411,315 | +€290,139 | +239% |
| Financial income | 75/76B | €804 | €3,439 | +€2,635 | +328% |
| Recurring financial income | 75 | €804 | €3,439 | +€2,635 | +328% |
| Financial charges | 65/66B | €51,304 | €57,800 | +€6,495 | +12.7% |
| Recurring financial charges | 65 | €51,304 | €57,800 | +€6,495 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €70,675 | €356,954 | +€286,279 | +405% |
| Income taxes | 67/77 | €5,692 | €1,954 | -€3,738 | -65.7% |
| Profit (loss) for the period | 9904 | €64,983 | €355,000 | +€290,017 | +446% |
| Profit (loss) for the period to be appropriated | 9905 | €64,983 | €355,000 | +€290,017 | +446% |
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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 7 November 2026 via checked.be.