NOEFIL: 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.
NOEFIL
Largest movements
- Cash +€46,659
new in 2025: €46,659
mainly Receivables within one year (+€38,200) and Net result for the year (+€15,017)
- Receivables within one year -€38,200
down €38,200 (-42.6%), from €89,619 to €51,419
of which Trade receivables: -€47,130
- Tangible fixed assets -€6,032
down €6,032 (-14.5%), from €41,700 to €35,668
- Current investments -€2,834
no longer reported in 2025 (was €2,834)
- Profit (loss) carried forward +€15,017
up €15,017 (+24.9%), from €60,312 to €75,329
- Debts after one year -€10,049
down €10,049 (-40.3%), from €24,937 to €14,888
- Short-term financial debts -€4,725
no longer reported in 2025 (was €4,725)
- Trade debts -€1,983
down €1,983 (-11.6%), from €17,109 to €15,126
- Gross operating margin +€5,884
up €5,884 (+19.4%), from €30,328 to €36,212
- Depreciation +€4,494
up €4,494 (+82.9%), from €5,418 to €9,912
- Financial charges +€999
up €999 (+41.2%), from €2,427 to €3,426
- Other operating charges +€757
up €757 (+96.4%), from €785 to €1,542
- Financial income +€437
new in 2025: €437
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 | €138,099 | €136,340 | -€1,759 | -1.3% |
| Fixed assets | 21/28 | €42,350 | €36,318 | -€6,032 | -14.2% |
| Tangible fixed assets | 22/27 | €41,700 | €35,668 | -€6,032 | -14.5% |
| Plant, machinery and equipment | 23 | €41,700 | €35,668 | -€6,032 | -14.5% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €95,749 | €100,022 | +€4,273 | +4.5% |
| Amounts receivable within one year | 40/41 | €89,619 | €51,419 | -€38,200 | -42.6% |
| Trade receivables | 40 | €79,656 | €32,526 | -€47,130 | -59.2% |
| Other amounts receivable | 41 | €9,963 | €18,893 | +€8,930 | +89.6% |
| Current investments | 50/53 | €2,834 | - | -€2,834 | |
| Cash at bank and in hand | 54/58 | - | €46,659 | +€46,659 | |
| Deferred charges and accrued income | 490/1 | €3,296 | €1,944 | -€1,352 | -41.0% |
| Total equity and liabilities | 10/49 | €138,099 | €136,340 | -€1,759 | -1.3% |
| Equity | 10/15 | €74,734 | €89,751 | +€15,017 | +20.1% |
| Contributions | 10/11 | €7,260 | €7,260 | = | 0.0% |
| Reserves | 13 | €7,162 | €7,162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,302 | €5,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,312 | €75,329 | +€15,017 | +24.9% |
| Amounts payable | 17/49 | €63,365 | €46,589 | -€16,776 | -26.5% |
| Amounts payable after more than one year | 17 | €24,937 | €14,888 | -€10,049 | -40.3% |
| Financial debts | 170/4 | €24,937 | €14,888 | -€10,049 | -40.3% |
| Amounts payable within one year | 42/48 | €38,428 | €31,701 | -€6,727 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €9,079 | €9,079 | = | 0.0% |
| Financial debts | 43 | €4,725 | - | -€4,725 | |
| Credit institutions | 430/8 | €4,725 | - | -€4,725 | |
| Trade debts | 44 | €17,109 | €15,126 | -€1,983 | -11.6% |
| Suppliers | 440/4 | €17,109 | €15,126 | -€1,983 | -11.6% |
| Taxes, remuneration and social security | 45 | €7,515 | €7,496 | -€19 | -0.3% |
| Taxes | 450/3 | €7,515 | €7,496 | -€19 | -0.3% |
| Non-recurring operating income | 76A | €37,708 | - | -€37,708 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,418 | €9,912 | +€4,494 | +82.9% |
| Other operating charges | 640/8 | €785 | €1,542 | +€757 | +96.4% |
| Non-recurring operating charges | 66A | €452 | €183 | -€269 | -59.5% |
| Gross operating margin | 9900 | €30,328 | €36,212 | +€5,884 | +19.4% |
| Operating profit (loss) | 9901 | €23,673 | €24,575 | +€902 | +3.8% |
| Financial income | 75/76B | - | €437 | +€437 | |
| Recurring financial income | 75 | - | €437 | +€437 | |
| Financial charges | 65/66B | €2,427 | €3,426 | +€999 | +41.2% |
| Recurring financial charges | 65 | €2,427 | €3,426 | +€999 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €21,246 | €21,586 | +€340 | +1.6% |
| Income taxes | 67/77 | €6,561 | €6,569 | +€8 | +0.1% |
| Profit (loss) for the period | 9904 | €14,685 | €15,017 | +€332 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,685 | €15,017 | +€332 | +2.3% |
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 26 October 2026 via checked.be.