NOCO: 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.
NOCO
Largest movements
- Cash -€27,142
down €27,142 (-40.9%), from €66,376 to €39,234
mainly Stocks and contracts (-€10,372) and Net result for the year (-€9,687)
- Stocks and contracts +€10,372
up €10,372 (+19.4%), from €53,522 to €63,894
- Receivables within one year +€6,150
up €6,150 (+229%), from €2,689 to €8,839
of which Other amounts receivable: +€4,702
- Profit (loss) carried forward -€9,687
down €9,687 (-37.6%), from €25,746 to €16,059
- Gross operating margin -€19,024
down €19,024 (-28.5%), from €66,647 to €47,622
- Taxes -€3,594
down €3,594 (-92.3%), from €3,892 to €298
- Staff costs +€2,283
up €2,283 (+4.7%), from €48,501 to €50,784
- Other operating charges +€899
up €899 (+102%), from €879 to €1,778
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,453 | €116,050 | -€10,403 | -8.2% |
| Fixed assets | 21/28 | €330 | €75 | -€255 | -77.3% |
| Tangible fixed assets | 22/27 | €330 | €75 | -€255 | -77.3% |
| Furniture and vehicles | 24 | €330 | €75 | -€255 | -77.3% |
| Current assets | 29/58 | €126,123 | €115,974 | -€10,148 | -8.0% |
| Stocks and contracts in progress | 3 | €53,522 | €63,894 | +€10,372 | +19.4% |
| Stocks | 30/36 | €53,522 | €63,894 | +€10,372 | +19.4% |
| Amounts receivable within one year | 40/41 | €2,689 | €8,839 | +€6,150 | +229% |
| Trade receivables | 40 | €1,581 | €3,029 | +€1,448 | +91.6% |
| Other amounts receivable | 41 | €1,108 | €5,810 | +€4,702 | +424% |
| Cash at bank and in hand | 54/58 | €66,376 | €39,234 | -€27,142 | -40.9% |
| Deferred charges and accrued income | 490/1 | €3,536 | €4,007 | +€471 | +13.3% |
| Total equity and liabilities | 10/49 | €126,453 | €116,050 | -€10,403 | -8.2% |
| Equity | 10/15 | €32,345 | €22,658 | -€9,687 | -29.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €399 | €399 | = | 0.0% |
| Non-distributable reserves | 130/1 | €399 | €399 | = | 0.0% |
| Legal reserve | 130 | €399 | €399 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,746 | €16,059 | -€9,687 | -37.6% |
| Amounts payable | 17/49 | €94,108 | €93,391 | -€717 | -0.8% |
| Amounts payable within one year | 42/48 | €92,990 | €93,391 | +€401 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €79,102 | €79,099 | -€2 | 0.0% |
| Suppliers | 440/4 | €79,102 | €79,099 | -€2 | 0.0% |
| Taxes, remuneration and social security | 45 | €8,889 | €9,292 | +€403 | +4.5% |
| Taxes | 450/3 | €358 | €1,066 | +€708 | +198% |
| Remuneration and social security | 454/9 | €8,531 | €8,226 | -€305 | -3.6% |
| Accrued charges and deferred income | 492/3 | €1,118 | - | -€1,118 | |
| Remuneration, social security and pensions | 62 | €48,501 | €50,784 | +€2,283 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | €255 | -€64 | -20.1% |
| Other operating charges | 640/8 | €879 | €1,778 | +€899 | +102% |
| Gross operating margin | 9900 | €66,647 | €47,622 | -€19,024 | -28.5% |
| Operating profit (loss) | 9901 | €16,948 | -€5,194 | -€22,142 | |
| Financial income | 75/76B | €0 | €185 | +€185 | +1,851,500% |
| Recurring financial income | 75 | €0 | €185 | +€185 | +1,851,500% |
| Financial charges | 65/66B | €4,538 | €4,379 | -€158 | -3.5% |
| Recurring financial charges | 65 | €4,538 | €4,379 | -€158 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €12,410 | -€9,389 | -€21,799 | |
| Income taxes | 67/77 | €3,892 | €298 | -€3,594 | -92.3% |
| Profit (loss) for the period | 9904 | €8,518 | -€9,687 | -€18,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,518 | -€9,687 | -€18,205 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.