Noe Engineering: 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.
Noe Engineering
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash -€30,031
down €30,031 (-19.6%), from €153,572 to €123,541
mainly Contributions, distributions and other (-€109,854) and Current investments (-€60,000)
- Other debts +€113,608
up €113,608 (+12841.8%), from €885 to €114,492
- Profit (loss) carried forward -€47,941
no longer reported in 2025 (was €47,941)
- Tax, wage and social debts -€29,686
down €29,686 (-70.9%), from €41,867 to €12,182
- Current portion of long-term debt -€3,842
no longer reported in 2025 (was €3,842)
- Gross operating margin -€48,849
down €48,849 (-37.7%), from €129,624 to €80,775
- Financial income -€40,482
down €40,482 (-97.9%), from €41,371 to €889
- Taxes -€18,757
down €18,757 (-52.6%), from €35,635 to €16,878
- Depreciation -€3,731
down €3,731 (-70.0%), from €5,333 to €1,602
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 | €213,552 | €243,983 | +€30,431 | +14.2% |
| Fixed assets | 21/28 | €14,813 | €14,160 | -€653 | -4.4% |
| Tangible fixed assets | 22/27 | €4,813 | €4,160 | -€653 | -13.6% |
| Plant, machinery and equipment | 23 | €1,035 | €1,538 | +€504 | +48.7% |
| Furniture and vehicles | 24 | €3,778 | €2,621 | -€1,157 | -30.6% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €198,739 | €229,823 | +€31,084 | +15.6% |
| Amounts receivable within one year | 40/41 | €42,750 | €43,614 | +€863 | +2.0% |
| Trade receivables | 40 | €42,750 | €42,750 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €864 | +€863 | +239761.1% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €153,572 | €123,541 | -€30,031 | -19.6% |
| Deferred charges and accrued income | 490/1 | €2,417 | €2,669 | +€252 | +10.4% |
| Total equity and liabilities | 10/49 | €213,552 | €243,983 | +€30,431 | +14.2% |
| Equity | 10/15 | €165,051 | €117,110 | -€47,941 | -29.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,110 | €97,110 | = | 0.0% |
| Distributable reserves | 133 | €97,110 | €97,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,941 | - | -€47,941 | |
| Amounts payable | 17/49 | €48,501 | €126,873 | +€78,372 | +161.6% |
| Amounts payable within one year | 42/48 | €48,501 | €126,873 | +€78,372 | +161.6% |
| Current portion of amounts payable after more than one year | 42 | €3,842 | - | -€3,842 | |
| Trade debts | 44 | €1,907 | €199 | -€1,708 | -89.6% |
| Suppliers | 440/4 | €1,907 | €199 | -€1,708 | -89.6% |
| Taxes, remuneration and social security | 45 | €41,867 | €12,182 | -€29,686 | -70.9% |
| Taxes | 450/3 | €41,867 | €12,182 | -€29,686 | -70.9% |
| Other amounts payable | 47/48 | €885 | €114,492 | +€113,608 | +12841.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,333 | €1,602 | -€3,731 | -70.0% |
| Other operating charges | 640/8 | €960 | €986 | +€26 | +2.7% |
| Gross operating margin | 9900 | €129,624 | €80,775 | -€48,849 | -37.7% |
| Operating profit (loss) | 9901 | €123,331 | €78,187 | -€45,144 | -36.6% |
| Financial income | 75/76B | €41,371 | €889 | -€40,482 | -97.9% |
| Recurring financial income | 75 | €41,371 | €889 | -€40,482 | -97.9% |
| Financial charges | 65/66B | €293 | €286 | -€7 | -2.6% |
| Recurring financial charges | 65 | €293 | €286 | -€7 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €164,409 | €78,790 | -€85,619 | -52.1% |
| Income taxes | 67/77 | €35,635 | €16,878 | -€18,757 | -52.6% |
| Profit (loss) for the period | 9904 | €128,774 | €61,913 | -€66,861 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €128,774 | €61,913 | -€66,861 | -51.9% |
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 9 October 2026 via checked.be.