NOCA Management: what changed
Two financial 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.
NOCA Management
Largest movements
- Receivables within one year -€194,232
down €194,232 (-73.8%), from €263,279 to €69,047
of which Other amounts receivable: -€138,108
- Cash +€106,425
up €106,425 (+98.7%), from €107,779 to €214,203
mainly Receivables within one year (+€194,232) and Other debts (+€164,727)
- Tangible fixed assets -€31,570
down €31,570 (-30.0%), from €105,238 to €73,668
- Receivables after one year +€24,520
new in 2025: €24,520
- Reserves -€307,561
down €307,561 (-78.0%), from €394,440 to €86,879
- Other debts +€164,727
up €164,727 (+274.5%), from €60,000 to €224,727
- Tax, wage and social debts +€46,592
up €46,592 (+269.8%), from €17,268 to €63,861
- Gross operating margin -€118,263
down €118,263 (-44.4%), from €266,473 to €148,209
- Taxes -€15,996
down €15,996 (-37.4%), from €42,723 to €26,727
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 | €478,806 | €384,810 | -€93,996 | -19.6% |
| Fixed assets | 21/28 | €105,238 | €73,668 | -€31,570 | -30.0% |
| Tangible fixed assets | 22/27 | €105,238 | €73,668 | -€31,570 | -30.0% |
| Furniture and vehicles | 24 | €105,238 | €73,668 | -€31,570 | -30.0% |
| Current assets | 29/58 | €373,568 | €311,142 | -€62,426 | -16.7% |
| Amounts receivable after more than one year | 29 | - | €24,520 | +€24,520 | |
| Other amounts receivable | 291 | - | €24,520 | +€24,520 | |
| Amounts receivable within one year | 40/41 | €263,279 | €69,047 | -€194,232 | -73.8% |
| Trade receivables | 40 | €88,869 | €32,745 | -€56,124 | -63.2% |
| Other amounts receivable | 41 | €174,410 | €36,302 | -€138,108 | -79.2% |
| Cash at bank and in hand | 54/58 | €107,779 | €214,203 | +€106,425 | +98.7% |
| Deferred charges and accrued income | 490/1 | €2,510 | €3,371 | +€861 | +34.3% |
| Total equity and liabilities | 10/49 | €478,806 | €384,810 | -€93,996 | -19.6% |
| Equity | 10/15 | €398,440 | €90,879 | -€307,561 | -77.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €394,440 | €86,879 | -€307,561 | -78.0% |
| Distributable reserves | 133 | €394,440 | €86,879 | -€307,561 | -78.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,366 | €293,930 | +€213,565 | +265.7% |
| Amounts payable within one year | 42/48 | €80,366 | €293,930 | +€213,565 | +265.7% |
| Trade debts | 44 | €3,097 | €5,342 | +€2,245 | +72.5% |
| Suppliers | 440/4 | €3,097 | €5,342 | +€2,245 | +72.5% |
| Taxes, remuneration and social security | 45 | €17,268 | €63,861 | +€46,592 | +269.8% |
| Taxes | 450/3 | €17,268 | €63,861 | +€46,592 | +269.8% |
| Other amounts payable | 47/48 | €60,000 | €224,727 | +€164,727 | +274.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,038 | €33,112 | +€74 | +0.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €266,473 | €148,209 | -€118,263 | -44.4% |
| Operating profit (loss) | 9901 | €232,929 | €114,578 | -€118,352 | -50.8% |
| Financial income | 75/76B | €6,778 | €4,693 | -€2,085 | -30.8% |
| Recurring financial income | 75 | €6,778 | €4,693 | -€2,085 | -30.8% |
| Financial charges | 65/66B | €113 | €105 | -€8 | -7.4% |
| Recurring financial charges | 65 | €113 | €105 | -€8 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €239,593 | €119,166 | -€120,428 | -50.3% |
| Income taxes | 67/77 | €42,723 | €26,727 | -€15,996 | -37.4% |
| Profit (loss) for the period | 9904 | €196,870 | €92,439 | -€104,431 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €196,870 | €92,439 | -€104,431 | -53.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.