NOEMAT: 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.
NOEMAT
Largest movements
- Receivables within one year +€285,914
up €285,914 (+502.5%), from €56,894 to €342,808
of which Other amounts receivable: +€296,955
- Other debts +€205,381
up €205,381 (+534.2%), from €38,446 to €243,828
- Reserves +€61,543
up €61,543 (+3.8%), from €1.6m to €1.7m
of which Distributable reserves: +€61,543
- Financial income +€64,995
up €64,995 (+185.7%), from €34,997 to €99,993
- Other operating charges +€6,569
up €6,569 (+382.0%), from €1,720 to €8,289
- Taxes +€5,824
up €5,824 (+1119.3%), from €520 to €6,344
- Gross operating margin +€3,557
up €3,557 (+10.2%), from €34,956 to €38,513
- Financial charges +€2,953
up €2,953 (+15.8%), from €18,731 to €21,684
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 | €2,729,654 | €2,998,135 | +€268,481 | +9.8% |
| Fixed assets | 21/28 | €2,653,704 | €2,653,282 | -€422 | 0.0% |
| Tangible fixed assets | 22/27 | €1,704 | €1,282 | -€422 | -24.8% |
| Plant, machinery and equipment | 23 | €1,125 | €978 | -€147 | -13.1% |
| Furniture and vehicles | 24 | €579 | €304 | -€275 | -47.5% |
| Financial fixed assets | 28 | €2,652,000 | €2,652,000 | = | 0.0% |
| Current assets | 29/58 | €75,950 | €344,853 | +€268,903 | +354.1% |
| Amounts receivable within one year | 40/41 | €56,894 | €342,808 | +€285,914 | +502.5% |
| Trade receivables | 40 | €16,657 | €5,616 | -€11,041 | -66.3% |
| Other amounts receivable | 41 | €40,237 | €337,192 | +€296,955 | +738.0% |
| Cash at bank and in hand | 54/58 | €14,504 | €0 | -€14,504 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,552 | €2,045 | -€2,507 | -55.1% |
| Total equity and liabilities | 10/49 | €2,729,654 | €2,998,135 | +€268,481 | +9.8% |
| Equity | 10/15 | €2,401,547 | €2,463,090 | +€61,543 | +2.6% |
| Contributions | 10/11 | €775,000 | €775,000 | = | 0.0% |
| Reserves | 13 | €1,626,547 | €1,688,090 | +€61,543 | +3.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,626,547 | €1,688,090 | +€61,543 | +3.8% |
| Amounts payable | 17/49 | €328,107 | €535,044 | +€206,938 | +63.1% |
| Amounts payable after more than one year | 17 | €265,000 | €265,000 | = | 0.0% |
| Other amounts payable | 178/9 | €265,000 | €265,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,107 | €267,773 | +€204,666 | +324.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €1,352 | +€1,352 | |
| Credit institutions | 430/8 | €0 | €1,352 | +€1,352 | |
| Trade debts | 44 | €12,160 | €2,196 | -€9,964 | -81.9% |
| Suppliers | 440/4 | €12,160 | €2,196 | -€9,964 | -81.9% |
| Taxes, remuneration and social security | 45 | €12,501 | €20,397 | +€7,897 | +63.2% |
| Taxes | 450/3 | €4,385 | €12,056 | +€7,671 | +174.9% |
| Remuneration and social security | 454/9 | €8,115 | €8,341 | +€226 | +2.8% |
| Other amounts payable | 47/48 | €38,446 | €243,828 | +€205,381 | +534.2% |
| Accrued charges and deferred income | 492/3 | - | €2,271 | +€2,271 | |
| Remuneration, social security and pensions | 62 | €37,653 | €40,223 | +€2,570 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €422 | +€29 | +7.4% |
| Other operating charges | 640/8 | €1,720 | €8,289 | +€6,569 | +382.0% |
| Gross operating margin | 9900 | €34,956 | €38,513 | +€3,557 | +10.2% |
| Operating profit (loss) | 9901 | -€4,810 | -€10,421 | -€5,611 | -116.6% |
| Financial income | 75/76B | €34,997 | €99,993 | +€64,995 | +185.7% |
| Recurring financial income | 75 | €34,997 | €99,993 | +€64,995 | +185.7% |
| Financial charges | 65/66B | €18,731 | €21,684 | +€2,953 | +15.8% |
| Recurring financial charges | 65 | €18,731 | €21,684 | +€2,953 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €11,456 | €67,887 | +€56,431 | +492.6% |
| Income taxes | 67/77 | €520 | €6,344 | +€5,824 | +1119.3% |
| Profit (loss) for the period | 9904 | €10,936 | €61,543 | +€50,607 | +462.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,936 | €61,543 | +€50,607 | +462.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.