NOEM: 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.
NOEM
Largest movements
- Tangible fixed assets -€148
no longer reported in 2025 (was €148)
- Cash -€27
down €27 (-12.0%), from €224 to €197
mainly Net result for the year (-€5,232)
- Profit (loss) carried forward -€5,232
down €5,232 (-3.3%), from -€160,514 to -€165,746
- Other debts +€5,057
up €5,057 (+12.3%), from €41,086 to €46,143
- Gross operating margin -€2,169
down €2,169 (-80.1%), from -€2,708 to -€4,877
- Depreciation -€1,748
down €1,748 (-92.2%), from €1,896 to €148
- Other operating charges -€761
no longer reported in 2025 (was €761)
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 | €572 | €397 | -€175 | -30.6% |
| Fixed assets | 21/28 | €348 | €200 | -€148 | -42.5% |
| Tangible fixed assets | 22/27 | €148 | - | -€148 | |
| Furniture and vehicles | 24 | €148 | - | -€148 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €224 | €197 | -€27 | -12.0% |
| Cash at bank and in hand | 54/58 | €224 | €197 | -€27 | -12.0% |
| Total equity and liabilities | 10/49 | €572 | €397 | -€175 | -30.6% |
| Equity | 10/15 | -€40,514 | -€45,746 | -€5,232 | -12.9% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,514 | -€165,746 | -€5,232 | -3.3% |
| Amounts payable | 17/49 | €41,086 | €46,143 | +€5,057 | +12.3% |
| Amounts payable within one year | 42/48 | €41,086 | €46,143 | +€5,057 | +12.3% |
| Other amounts payable | 47/48 | €41,086 | €46,143 | +€5,057 | +12.3% |
| Non-recurring operating income | 76A | €3,375 | - | -€3,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,896 | €148 | -€1,748 | -92.2% |
| Other operating charges | 640/8 | €761 | - | -€761 | |
| Gross operating margin | 9900 | -€2,708 | -€4,877 | -€2,169 | -80.1% |
| Operating profit (loss) | 9901 | -€5,365 | -€5,025 | +€340 | +6.3% |
| Financial charges | 65/66B | €220 | €207 | -€13 | -5.9% |
| Recurring financial charges | 65 | €220 | €207 | -€13 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,585 | -€5,232 | +€353 | +6.3% |
| Profit (loss) for the period | 9904 | -€5,585 | -€5,232 | +€353 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,585 | -€5,232 | +€353 | +6.3% |
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 5 October 2026 via checked.be.