NoeMau: 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.
NoeMau
Largest movements
- Receivables within one year +€64,418
up €64,418 (+112.1%), from €57,470 to €121,888
of which Other amounts receivable: +€44,814
- Cash -€27,125
down €27,125 (-55.2%), from €49,109 to €21,984
mainly Receivables within one year (-€64,418) and Net result for the year (-€17,150)
- Tangible fixed assets +€3,838
up €3,838 (+61.8%), from €6,212 to €10,050
of which Other tangible fixed assets: +€6,110
- Other debts +€32,788
new in 2025: €32,788
- Tax, wage and social debts +€18,521
up €18,521 (+35.9%), from €51,586 to €70,107
of which Remuneration and social security: +€10,350
- Profit (loss) carried forward -€17,150
new in 2025: -€17,150
- Trade debts +€7,009
up €7,009 (+173.8%), from €4,033 to €11,042
- Gross operating margin -€121,190
down €121,190, from €112,031 to -€9,159
- Write-downs -€33,715
down €33,715 (-100.0%), from €33,715 to €0
- Taxes -€15,896
down €15,896 (-98.9%), from €16,073 to €176
- Financial income +€2,029
up €2,029 (+150.4%), from €1,349 to €3,378
- Other operating charges +€1,746
up €1,746 (+51.3%), from €3,403 to €5,149
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 | €115,640 | €156,807 | +€41,167 | +35.6% |
| Fixed assets | 21/28 | €9,062 | €12,900 | +€3,838 | +42.4% |
| Tangible fixed assets | 22/27 | €6,212 | €10,050 | +€3,838 | +61.8% |
| Furniture and vehicles | 24 | €6,212 | €3,940 | -€2,272 | -36.6% |
| Other tangible fixed assets | 26 | - | €6,110 | +€6,110 | |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €106,578 | €143,908 | +€37,329 | +35.0% |
| Amounts receivable within one year | 40/41 | €57,470 | €121,888 | +€64,418 | +112.1% |
| Trade receivables | 40 | €7,080 | €26,684 | +€19,604 | +276.9% |
| Other amounts receivable | 41 | €50,390 | €95,204 | +€44,814 | +88.9% |
| Cash at bank and in hand | 54/58 | €49,109 | €21,984 | -€27,125 | -55.2% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €115,640 | €156,807 | +€41,167 | +35.6% |
| Equity | 10/15 | €60,021 | €42,870 | -€17,150 | -28.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,021 | €57,021 | = | 0.0% |
| Distributable reserves | 133 | €57,021 | €57,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,150 | -€17,150 | |
| Amounts payable | 17/49 | €55,620 | €113,937 | +€58,317 | +104.9% |
| Amounts payable within one year | 42/48 | €55,620 | €113,937 | +€58,317 | +104.9% |
| Trade debts | 44 | €4,033 | €11,042 | +€7,009 | +173.8% |
| Suppliers | 440/4 | €4,033 | €11,042 | +€7,009 | +173.8% |
| Taxes, remuneration and social security | 45 | €51,586 | €70,107 | +€18,521 | +35.9% |
| Taxes | 450/3 | €51,586 | €59,757 | +€8,171 | +15.8% |
| Remuneration and social security | 454/9 | - | €10,350 | +€10,350 | |
| Other amounts payable | 47/48 | - | €32,788 | +€32,788 | |
| Remuneration, social security and pensions | 62 | €92 | €0 | -€92 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605 | €2,272 | +€1,668 | +275.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,715 | €0 | -€33,715 | -100.0% |
| Other operating charges | 640/8 | €3,403 | €5,149 | +€1,746 | +51.3% |
| Gross operating margin | 9900 | €112,031 | -€9,159 | -€121,190 | |
| Operating profit (loss) | 9901 | €74,217 | -€16,580 | -€90,797 | |
| Financial income | 75/76B | €1,349 | €3,378 | +€2,029 | +150.4% |
| Recurring financial income | 75 | €1,349 | €3,378 | +€2,029 | +150.4% |
| Financial charges | 65/66B | €2,473 | €3,772 | +€1,299 | +52.5% |
| Recurring financial charges | 65 | €2,473 | €3,772 | +€1,299 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €73,093 | -€16,974 | -€90,067 | |
| Income taxes | 67/77 | €16,073 | €176 | -€15,896 | -98.9% |
| Profit (loss) for the period | 9904 | €57,021 | -€17,150 | -€74,171 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,021 | -€17,150 | -€74,171 |
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 5 October 2026 via checked.be.