NOEL TOURS: 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 TOURS
Largest movements
- Tangible fixed assets -€20,000
down €20,000 (-40.1%), from €49,863 to €29,863
- Cash +€5,051
up €5,051 (+3.5%), from €146,148 to €151,199
mainly Depreciation (+€20,000) and Net result for the year (+€15,211)
- Receivables within one year -€3,511
down €3,511 (-22.7%), from €15,450 to €11,939
of which Trade receivables: -€3,685
- Other debts -€27,000
down €27,000 (-27.2%), from €99,432 to €72,432
- Profit (loss) carried forward +€15,211
up €15,211 (+322%), from €4,718 to €19,929
- Trade debts -€5,834
down €5,834 (-14.8%), from €39,502 to €33,668
- Gross operating margin -€11,623
down €11,623 (-23.7%), from €49,096 to €37,472
- Other operating charges -€587
down €587 (-17.8%), from €3,291 to €2,704
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 | €211,461 | €193,001 | -€18,460 | -8.7% |
| Fixed assets | 21/28 | €49,863 | €29,863 | -€20,000 | -40.1% |
| Tangible fixed assets | 22/27 | €49,863 | €29,863 | -€20,000 | -40.1% |
| Furniture and vehicles | 24 | €49,863 | €29,863 | -€20,000 | -40.1% |
| Current assets | 29/58 | €161,598 | €163,138 | +€1,540 | +1.0% |
| Amounts receivable within one year | 40/41 | €15,450 | €11,939 | -€3,511 | -22.7% |
| Trade receivables | 40 | €13,749 | €10,064 | -€3,685 | -26.8% |
| Other amounts receivable | 41 | €1,701 | €1,875 | +€174 | +10.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €146,148 | €151,199 | +€5,051 | +3.5% |
| Total equity and liabilities | 10/49 | €211,461 | €193,001 | -€18,460 | -8.7% |
| Equity | 10/15 | €70,979 | €86,190 | +€15,211 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,662 | €47,662 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €45,802 | €45,802 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,718 | €19,929 | +€15,211 | +322% |
| Amounts payable | 17/49 | €140,482 | €106,811 | -€33,671 | -24.0% |
| Amounts payable within one year | 42/48 | €140,482 | €106,811 | -€33,671 | -24.0% |
| Trade debts | 44 | €39,502 | €33,668 | -€5,834 | -14.8% |
| Suppliers | 440/4 | €39,502 | €33,668 | -€5,834 | -14.8% |
| Taxes, remuneration and social security | 45 | €1,547 | €710 | -€837 | -54.1% |
| Taxes | 450/3 | €1,547 | €710 | -€837 | -54.1% |
| Other amounts payable | 47/48 | €99,432 | €72,432 | -€27,000 | -27.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,000 | €20,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,291 | €2,704 | -€587 | -17.8% |
| Gross operating margin | 9900 | €49,096 | €37,472 | -€11,623 | -23.7% |
| Operating profit (loss) | 9901 | €25,805 | €14,768 | -€11,036 | -42.8% |
| Financial income | 75/76B | €200 | €667 | +€467 | +234% |
| Recurring financial income | 75 | €200 | €667 | +€467 | +234% |
| Financial charges | 65/66B | €226 | €225 | -€1 | -0.3% |
| Recurring financial charges | 65 | €226 | €225 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €25,779 | €15,211 | -€10,568 | -41.0% |
| Profit (loss) for the period | 9904 | €25,779 | €15,211 | -€10,568 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,779 | €15,211 | -€10,568 | -41.0% |
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 30 October 2026 via checked.be.