Noda: 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.
Noda
Largest movements
- Cash +€15,371
up €15,371 (+6,160%), from €250 to €15,621
mainly Trade debts (+€19,786) and Net result for the year (+€3,344)
- Tangible fixed assets +€4,585
new in 2025: €4,585
- Deferred charges and accrued income -€654
down €654 (-27.7%), from €2,366 to €1,712
- Receivables within one year +€498
up €498 (+14.2%), from €3,500 to €3,998
- Trade debts +€19,786
up €19,786 (+6,316%), from €313 to €20,100
- Tax, wage and social debts -€3,330
down €3,330 (-83.5%), from €3,990 to €660
- Reserves +€3,156
new in 2025: €3,156
- Gross operating margin -€11,200
down €11,200 (-60.0%), from €18,658 to €7,458
- Taxes -€608
down €608 (-18.6%), from €3,268 to €2,660
- Depreciation +€426
new in 2025: €426
- Other operating charges +€203
up €203 (+31.0%), from €654 to €857
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.
Derived cash bridge
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 | €6,116 | €25,916 | +€19,800 | +324% |
| Fixed assets | 21/28 | - | €4,585 | +€4,585 | |
| Tangible fixed assets | 22/27 | - | €4,585 | +€4,585 | |
| Furniture and vehicles | 24 | - | €4,585 | +€4,585 | |
| Current assets | 29/58 | €6,116 | €21,331 | +€15,215 | +249% |
| Amounts receivable within one year | 40/41 | €3,500 | €3,998 | +€498 | +14.2% |
| Other amounts receivable | 41 | €3,500 | €3,998 | +€498 | +14.2% |
| Cash at bank and in hand | 54/58 | €250 | €15,621 | +€15,371 | +6,160% |
| Deferred charges and accrued income | 490/1 | €2,366 | €1,712 | -€654 | -27.7% |
| Total equity and liabilities | 10/49 | €6,116 | €25,916 | +€19,800 | +324% |
| Equity | 10/15 | €1,812 | €5,156 | +€3,344 | +184% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €3,156 | +€3,156 | |
| Distributable reserves | 133 | - | €3,156 | +€3,156 | |
| Profit (loss) carried forward | 14 | -€188 | - | +€188 | |
| Amounts payable | 17/49 | €4,303 | €20,760 | +€16,456 | +382% |
| Amounts payable within one year | 42/48 | €4,303 | €20,760 | +€16,456 | +382% |
| Trade debts | 44 | €313 | €20,100 | +€19,786 | +6,316% |
| Suppliers | 440/4 | €313 | €20,100 | +€19,786 | +6,316% |
| Taxes, remuneration and social security | 45 | €3,990 | €660 | -€3,330 | -83.5% |
| Taxes | 450/3 | €3,990 | €660 | -€3,330 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €426 | +€426 | |
| Other operating charges | 640/8 | €654 | €857 | +€203 | +31.0% |
| Gross operating margin | 9900 | €18,658 | €7,458 | -€11,200 | -60.0% |
| Operating profit (loss) | 9901 | €18,004 | €6,176 | -€11,828 | -65.7% |
| Financial charges | 65/66B | €233 | €172 | -€61 | -26.1% |
| Recurring financial charges | 65 | €233 | €172 | -€61 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €17,771 | €6,004 | -€11,767 | -66.2% |
| Income taxes | 67/77 | €3,268 | €2,660 | -€608 | -18.6% |
| Profit (loss) for the period | 9904 | €14,503 | €3,344 | -€11,159 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,503 | €3,344 | -€11,159 | -76.9% |
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 21 October 2026 via checked.be.