NOEL SIMONS INFIRMIER: 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 SIMONS INFIRMIER
Largest movements
- Tangible fixed assets -€19,419
down €19,419 (-24.1%), from €80,594 to €61,175
of which Furniture and vehicles: -€15,629
- Deferred charges and accrued income +€4,775
up €4,775 (+46.7%), from €10,235 to €15,010
- Receivables within one year -€3,655
down €3,655 (-37.9%), from €9,646 to €5,990
- Debts after one year -€20,696
down €20,696 (-56.3%), from €36,775 to €16,079
- Other debts -€1,449
down €1,449 (-13.1%), from €11,021 to €9,572
- Gross operating margin +€19,641
up €19,641 (+55.5%), from €35,378 to €55,019
- Depreciation +€11,722
up €11,722 (+152%), from €7,698 to €19,419
- Taxes +€3,681
up €3,681 (+68.7%), from €5,357 to €9,037
- Financial charges +€1,084
up €1,084 (+65.5%), from €1,655 to €2,739
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 | €134,902 | €115,542 | -€19,360 | -14.4% |
| Fixed assets | 21/28 | €80,594 | €61,175 | -€19,419 | -24.1% |
| Tangible fixed assets | 22/27 | €80,594 | €61,175 | -€19,419 | -24.1% |
| Land and buildings | 22 | €19,250 | €17,500 | -€1,750 | -9.1% |
| Furniture and vehicles | 24 | €58,609 | €42,980 | -€15,629 | -26.7% |
| Other tangible fixed assets | 26 | €2,735 | €695 | -€2,040 | -74.6% |
| Current assets | 29/58 | €54,308 | €54,367 | +€60 | +0.1% |
| Amounts receivable within one year | 40/41 | €9,646 | €5,990 | -€3,655 | -37.9% |
| Other amounts receivable | 41 | €9,646 | €5,990 | -€3,655 | -37.9% |
| Cash at bank and in hand | 54/58 | €34,427 | €33,367 | -€1,060 | -3.1% |
| Deferred charges and accrued income | 490/1 | €10,235 | €15,010 | +€4,775 | +46.7% |
| Total equity and liabilities | 10/49 | €134,902 | €115,542 | -€19,360 | -14.4% |
| Equity | 10/15 | €64,704 | €65,989 | +€1,284 | +2.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,704 | €64,989 | +€1,284 | +2.0% |
| Distributable reserves | 133 | €63,704 | €64,989 | +€1,284 | +2.0% |
| Amounts payable | 17/49 | €70,197 | €49,553 | -€20,644 | -29.4% |
| Amounts payable after more than one year | 17 | €36,775 | €16,079 | -€20,696 | -56.3% |
| Financial debts | 170/4 | €36,775 | €16,079 | -€20,696 | -56.3% |
| Amounts payable within one year | 42/48 | €33,420 | €33,449 | +€29 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €19,879 | €20,696 | +€817 | +4.1% |
| Trade debts | 44 | €1,781 | €1,736 | -€46 | -2.6% |
| Suppliers | 440/4 | €1,781 | €1,736 | -€46 | -2.6% |
| Taxes, remuneration and social security | 45 | €738 | €1,445 | +€707 | +95.7% |
| Taxes | 450/3 | €738 | €1,445 | +€707 | +95.7% |
| Other amounts payable | 47/48 | €11,021 | €9,572 | -€1,449 | -13.1% |
| Accrued charges and deferred income | 492/3 | €3 | €26 | +€23 | +859% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,698 | €19,419 | +€11,722 | +152% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €6,732 | - | -€6,732 | |
| Gross operating margin | 9900 | €35,378 | €55,019 | +€19,641 | +55.5% |
| Operating profit (loss) | 9901 | €20,561 | €35,200 | +€14,638 | +71.2% |
| Financial income | 75/76B | €9 | €93 | +€84 | +944% |
| Recurring financial income | 75 | €9 | €93 | +€84 | +944% |
| Financial charges | 65/66B | €1,655 | €2,739 | +€1,084 | +65.5% |
| Recurring financial charges | 65 | €1,655 | €2,739 | +€1,084 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €18,916 | €32,553 | +€13,638 | +72.1% |
| Income taxes | 67/77 | €5,357 | €9,037 | +€3,681 | +68.7% |
| Profit (loss) for the period | 9904 | €13,559 | €23,516 | +€9,957 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,559 | €23,516 | +€9,957 | +73.4% |
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 31 October 2026 via checked.be.