NOELIZ: what changed
Two fiscal 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.
NOELIZ
Largest movements
- Cash -€10,269
down €10,269 (-22.2%), from €46,313 to €36,044
mainly Contributions, distributions and other (-€25,000) and Receivables within one year (-€4,635)
- Receivables within one year +€4,635
up €4,635 (+39.3%), from €11,807 to €16,442
of which Trade receivables: +€3,311
- Deferred charges and accrued income -€1,973
down €1,973 (-73.7%), from €2,677 to €704
- Tangible fixed assets +€983
up €983 (+13.2%), from €7,458 to €8,441
of which Furniture and vehicles: +€1,626
- Profit (loss) carried forward -€11,181
down €11,181 (-24.5%), from €45,557 to €34,376
- Tax, wage and social debts +€3,833
up €3,833 (+18.7%), from €20,457 to €24,290
of which Taxes: +€3,833
- Accrued charges and deferred income +€1,782
new in 2025: €1,782
- Trade debts -€707
down €707 (-80.7%), from €875 to €169
- Gross operating margin -€10,168
down €10,168 (-29.7%), from €34,211 to €24,042
- Taxes -€1,855
down €1,855 (-27.5%), from €6,738 to €4,883
- Depreciation +€933
up €933 (+44.9%), from €2,078 to €3,010
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.
Cash bridge derived
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 | €68,254 | €61,630 | -€6,624 | -9.7% |
| Fixed assets | 21/28 | €7,458 | €8,441 | +€983 | +13.2% |
| Tangible fixed assets | 22/27 | €7,458 | €8,441 | +€983 | +13.2% |
| Furniture and vehicles | 24 | €1,733 | €3,358 | +€1,626 | +93.8% |
| Other tangible fixed assets | 26 | €5,725 | €5,082 | -€643 | -11.2% |
| Current assets | 29/58 | €60,797 | €53,190 | -€7,607 | -12.5% |
| Amounts receivable within one year | 40/41 | €11,807 | €16,442 | +€4,635 | +39.3% |
| Trade receivables | 40 | €11,807 | €15,117 | +€3,311 | +28.0% |
| Other amounts receivable | 41 | - | €1,324 | +€1,324 | |
| Cash at bank and in hand | 54/58 | €46,313 | €36,044 | -€10,269 | -22.2% |
| Deferred charges and accrued income | 490/1 | €2,677 | €704 | -€1,973 | -73.7% |
| Total equity and liabilities | 10/49 | €68,254 | €61,630 | -€6,624 | -9.7% |
| Equity | 10/15 | €46,557 | €35,376 | -€11,181 | -24.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,557 | €34,376 | -€11,181 | -24.5% |
| Amounts payable | 17/49 | €21,698 | €26,254 | +€4,556 | +21.0% |
| Amounts payable within one year | 42/48 | €21,698 | €24,471 | +€2,774 | +12.8% |
| Financial debts | 43 | €13 | €13 | = | 0.0% |
| Credit institutions | 430/8 | €13 | €13 | = | 0.0% |
| Trade debts | 44 | €875 | €169 | -€707 | -80.7% |
| Suppliers | 440/4 | €875 | €169 | -€707 | -80.7% |
| Taxes, remuneration and social security | 45 | €20,457 | €24,290 | +€3,833 | +18.7% |
| Taxes | 450/3 | €17,757 | €21,590 | +€3,833 | +21.6% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €353 | €0 | -€353 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,782 | +€1,782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,078 | €3,010 | +€933 | +44.9% |
| Other operating charges | 640/8 | €97 | €101 | +€4 | +3.9% |
| Non-recurring operating charges | 66A | €192 | €489 | +€296 | +154.2% |
| Gross operating margin | 9900 | €34,211 | €24,042 | -€10,168 | -29.7% |
| Operating profit (loss) | 9901 | €31,844 | €20,443 | -€11,401 | -35.8% |
| Financial income | 75/76B | - | €129 | +€129 | |
| Recurring financial income | 75 | - | €129 | +€129 | |
| Financial charges | 65/66B | €2,185 | €1,869 | -€316 | -14.5% |
| Recurring financial charges | 65 | €2,185 | €1,869 | -€316 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €29,659 | €18,702 | -€10,957 | -36.9% |
| Income taxes | 67/77 | €6,738 | €4,883 | -€1,855 | -27.5% |
| Profit (loss) for the period | 9904 | €22,921 | €13,819 | -€9,102 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,921 | €13,819 | -€9,102 | -39.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.