NOEL-CROMPHOUT: 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.
NOEL-CROMPHOUT
Largest movements
- Tangible fixed assets +€24,675
up €24,675 (+17.2%), from €143,638 to €168,313
of which Furniture and vehicles: +€39,740
- Other debts +€84,542
up €84,542 (+25.9%), from €326,986 to €411,528
- Profit (loss) carried forward -€51,907
down €51,907 (-29.2%), from -€177,917 to -€229,824
- Debts after one year -€14,343
down €14,343 (-33.6%), from €42,632 to €28,290
- Trade debts +€4,526
up €4,526 (+25.9%), from €17,491 to €22,017
- Gross operating margin +€6,878
up €6,878 (+25.6%), from -€26,918 to -€20,040
- Depreciation +€5,898
up €5,898 (+26.5%), from €22,288 to €28,186
- Other operating charges -€415
down €415 (-23.2%), from €1,790 to €1,375
- Financial charges -€380
down €380 (-14.1%), from €2,690 to €2,310
- Taxes -€271
no longer reported in 2025 (was €271)
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 | €244,277 | €267,509 | +€23,232 | +9.5% |
| Fixed assets | 21/28 | €143,836 | €168,511 | +€24,675 | +17.2% |
| Tangible fixed assets | 22/27 | €143,638 | €168,313 | +€24,675 | +17.2% |
| Land and buildings | 22 | €59,066 | €50,210 | -€8,856 | -15.0% |
| Plant, machinery and equipment | 23 | €27,824 | €26,789 | -€1,034 | -3.7% |
| Furniture and vehicles | 24 | €43,251 | €82,991 | +€39,740 | +91.9% |
| Leasing and similar rights | 25 | €13,498 | €8,323 | -€5,175 | -38.3% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €100,440 | €98,998 | -€1,443 | -1.4% |
| Stocks and contracts in progress | 3 | €7,986 | €8,861 | +€875 | +11.0% |
| Stocks | 30/36 | €7,986 | €8,861 | +€875 | +11.0% |
| Amounts receivable within one year | 40/41 | €60,643 | €58,926 | -€1,717 | -2.8% |
| Trade receivables | 40 | €52,552 | €56,733 | +€4,181 | +8.0% |
| Other amounts receivable | 41 | €8,091 | €2,193 | -€5,898 | -72.9% |
| Cash at bank and in hand | 54/58 | €23,957 | €22,406 | -€1,551 | -6.5% |
| Deferred charges and accrued income | 490/1 | €7,854 | €8,804 | +€950 | +12.1% |
| Total equity and liabilities | 10/49 | €244,277 | €267,509 | +€23,232 | +9.5% |
| Equity | 10/15 | -€157,466 | -€209,373 | -€51,907 | -33.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,917 | -€229,824 | -€51,907 | -29.2% |
| Amounts payable | 17/49 | €401,743 | €476,882 | +€75,139 | +18.7% |
| Amounts payable after more than one year | 17 | €42,632 | €28,290 | -€14,343 | -33.6% |
| Financial debts | 170/4 | €42,632 | €28,290 | -€14,343 | -33.6% |
| Amounts payable within one year | 42/48 | €359,110 | €448,592 | +€89,482 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €13,798 | €14,343 | +€545 | +3.9% |
| Trade debts | 44 | €17,491 | €22,017 | +€4,526 | +25.9% |
| Suppliers | 440/4 | €17,491 | €22,017 | +€4,526 | +25.9% |
| Taxes, remuneration and social security | 45 | €836 | €704 | -€132 | -15.7% |
| Taxes | 450/3 | €836 | €704 | -€132 | -15.7% |
| Other amounts payable | 47/48 | €326,986 | €411,528 | +€84,542 | +25.9% |
| Non-recurring operating income | 76A | - | €26,247 | +€26,247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,288 | €28,186 | +€5,898 | +26.5% |
| Other operating charges | 640/8 | €1,790 | €1,375 | -€415 | -23.2% |
| Gross operating margin | 9900 | -€26,918 | -€20,040 | +€6,878 | +25.6% |
| Operating profit (loss) | 9901 | -€50,995 | -€49,601 | +€1,395 | +2.7% |
| Financial income | 75/76B | €82 | €4 | -€78 | -95.4% |
| Recurring financial income | 75 | €82 | €4 | -€78 | -95.4% |
| Financial charges | 65/66B | €2,690 | €2,310 | -€380 | -14.1% |
| Recurring financial charges | 65 | €2,690 | €2,310 | -€380 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€53,604 | -€51,907 | +€1,697 | +3.2% |
| Income taxes | 67/77 | €271 | - | -€271 | |
| Profit (loss) for the period | 9904 | -€53,875 | -€51,907 | +€1,968 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,875 | -€51,907 | +€1,968 | +3.7% |
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 25 October 2026 via checked.be.