NOEL - RAXHON: 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 - RAXHON
Largest movements
- Receivables within one year -€28,331
down €28,331 (-18.5%), from €152,878 to €124,547
of which Trade receivables: -€28,085
- Cash +€16,298
new in 2022: €16,298
mainly Receivables within one year (+€28,331) and Net result for the year (+€11,344)
- Profit (loss) carried forward +€11,344
up €11,344 (+77.8%), from €14,579 to €25,923
- Short-term financial debts -€9,337
down €9,337 (-99.8%), from €9,356 to €19
- Trade debts -€7,259
down €7,259 (-20.1%), from €36,039 to €28,780
- Tax, wage and social debts -€2,717
down €2,717 (-35.9%), from €7,561 to €4,844
of which Remuneration and social security: -€2,559
- Other debts -€2,251
down €2,251 (-1.8%), from €124,193 to €121,942
- Gross operating margin -€26,843
down €26,843 (-25.6%), from €104,898 to €78,055
- Staff costs -€7,949
down €7,949 (-11.3%), from €70,224 to €62,275
- Taxes -€1,678
no longer reported in 2022 (was €1,678)
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,244 | €191,212 | -€12,032 | -5.9% |
| Fixed assets | 21/28 | €17,234 | €17,234 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,798 | €8,798 | = | 0.0% |
| Land and buildings | 22 | €8,798 | €8,798 | = | 0.0% |
| Financial fixed assets | 28 | €8,436 | €8,436 | = | 0.0% |
| Current assets | 29/58 | €186,010 | €173,978 | -€12,032 | -6.5% |
| Stocks and contracts in progress | 3 | €33,132 | €33,132 | = | 0.0% |
| Stocks | 30/36 | €33,132 | €33,132 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €152,878 | €124,547 | -€28,331 | -18.5% |
| Trade receivables | 40 | €143,459 | €115,374 | -€28,085 | -19.6% |
| Other amounts receivable | 41 | €9,419 | €9,174 | -€246 | -2.6% |
| Cash at bank and in hand | 54/58 | - | €16,298 | +€16,298 | |
| Total equity and liabilities | 10/49 | €203,244 | €191,212 | -€12,032 | -5.9% |
| Equity | 10/15 | €22,636 | €33,980 | +€11,344 | +50.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 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 | €14,579 | €25,923 | +€11,344 | +77.8% |
| Amounts payable | 17/49 | €180,609 | €157,232 | -€23,376 | -12.9% |
| Amounts payable within one year | 42/48 | €180,486 | €157,146 | -€23,340 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €3,338 | €1,561 | -€1,776 | -53.2% |
| Financial debts | 43 | €9,356 | €19 | -€9,337 | -99.8% |
| Credit institutions | 430/8 | €9,356 | €19 | -€9,337 | -99.8% |
| Trade debts | 44 | €36,039 | €28,780 | -€7,259 | -20.1% |
| Suppliers | 440/4 | €36,039 | €28,780 | -€7,259 | -20.1% |
| Taxes, remuneration and social security | 45 | €7,561 | €4,844 | -€2,717 | -35.9% |
| Taxes | 450/3 | €158 | - | -€158 | |
| Remuneration and social security | 454/9 | €7,403 | €4,844 | -€2,559 | -34.6% |
| Other amounts payable | 47/48 | €124,193 | €121,942 | -€2,251 | -1.8% |
| Accrued charges and deferred income | 492/3 | €122 | €86 | -€36 | -29.5% |
| Remuneration, social security and pensions | 62 | €70,224 | €62,275 | -€7,949 | -11.3% |
| Other operating charges | 640/8 | €3,088 | €3,233 | +€145 | +4.7% |
| Gross operating margin | 9900 | €104,898 | €78,055 | -€26,843 | -25.6% |
| Operating profit (loss) | 9901 | €31,586 | €12,547 | -€19,039 | -60.3% |
| Financial income | 75/76B | €5 | €19 | +€14 | +265% |
| Recurring financial income | 75 | €5 | €19 | +€14 | +265% |
| Financial charges | 65/66B | €1,704 | €1,222 | -€483 | -28.3% |
| Recurring financial charges | 65 | €1,704 | €1,222 | -€483 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €29,886 | €11,344 | -€18,542 | -62.0% |
| Income taxes | 67/77 | €1,678 | - | -€1,678 | |
| Profit (loss) for the period | 9904 | €28,209 | €11,344 | -€16,865 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,209 | €11,344 | -€16,865 | -59.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.