NOEMIE: 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.
NOEMIE
Largest movements
- Cash +€53,626
up €53,626 (+14.5%), from €369,881 to €423,508
mainly Net result for the year (+€70,785) and Depreciation (+€12,186)
- Stocks and contracts +€14,619
up €14,619 (+23.7%), from €61,672 to €76,291
- Tangible fixed assets -€5,962
down €5,962 (-15.0%), from €39,821 to €33,859
of which Furniture and vehicles: -€3,195
- Profit (loss) carried forward +€70,785
up €70,785 (+20.4%), from €346,281 to €417,065
- Tax, wage and social debts -€17,516
down €17,516 (-41.1%), from €42,656 to €25,140
of which Remuneration and social security: -€16,629
- Trade debts +€11,323
up €11,323 (+44.7%), from €25,355 to €36,678
- Gross operating margin +€32,456
up €32,456 (+20.7%), from €156,700 to €189,155
- Staff costs +€6,921
up €6,921 (+8.7%), from €79,401 to €86,322
- Taxes +€5,270
up €5,270 (+39.7%), from €13,274 to €18,545
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 | €479,364 | €543,955 | +€64,591 | +13.5% |
| Fixed assets | 21/28 | €39,821 | €33,859 | -€5,962 | -15.0% |
| Tangible fixed assets | 22/27 | €39,821 | €33,859 | -€5,962 | -15.0% |
| Plant, machinery and equipment | 23 | €26,098 | €23,331 | -€2,767 | -10.6% |
| Furniture and vehicles | 24 | €13,723 | €10,528 | -€3,195 | -23.3% |
| Current assets | 29/58 | €439,543 | €510,097 | +€70,554 | +16.1% |
| Stocks and contracts in progress | 3 | €61,672 | €76,291 | +€14,619 | +23.7% |
| Stocks | 30/36 | €61,672 | €76,291 | +€14,619 | +23.7% |
| Amounts receivable within one year | 40/41 | €7,990 | €8,181 | +€191 | +2.4% |
| Other amounts receivable | 41 | €7,990 | €8,181 | +€191 | +2.4% |
| Cash at bank and in hand | 54/58 | €369,881 | €423,508 | +€53,626 | +14.5% |
| Deferred charges and accrued income | 490/1 | - | €2,117 | +€2,117 | |
| Total equity and liabilities | 10/49 | €479,364 | €543,955 | +€64,591 | +13.5% |
| Equity | 10/15 | €411,353 | €482,138 | +€70,785 | +17.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €34,085 | €34,085 | = | 0.0% |
| Distributable reserves | 133 | €34,085 | €34,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346,281 | €417,065 | +€70,785 | +20.4% |
| Amounts payable | 17/49 | €68,011 | €61,818 | -€6,193 | -9.1% |
| Amounts payable within one year | 42/48 | €68,011 | €61,818 | -€6,193 | -9.1% |
| Trade debts | 44 | €25,355 | €36,678 | +€11,323 | +44.7% |
| Suppliers | 440/4 | €25,355 | €36,678 | +€11,323 | +44.7% |
| Taxes, remuneration and social security | 45 | €42,656 | €25,140 | -€17,516 | -41.1% |
| Taxes | 450/3 | €16,173 | €15,285 | -€887 | -5.5% |
| Remuneration and social security | 454/9 | €26,483 | €9,855 | -€16,629 | -62.8% |
| Non-recurring operating income | 76A | €1,074 | - | -€1,074 | |
| Remuneration, social security and pensions | 62 | €79,401 | €86,322 | +€6,921 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,876 | €12,186 | +€1,311 | +12.1% |
| Other operating charges | 640/8 | €1,332 | €1,192 | -€140 | -10.5% |
| Gross operating margin | 9900 | €156,700 | €189,155 | +€32,456 | +20.7% |
| Operating profit (loss) | 9901 | €65,091 | €89,455 | +€24,364 | +37.4% |
| Financial income | 75/76B | €2,242 | €2,685 | +€444 | +19.8% |
| Recurring financial income | 75 | €2,242 | €2,685 | +€444 | +19.8% |
| Financial charges | 65/66B | €3,696 | €2,811 | -€885 | -23.9% |
| Recurring financial charges | 65 | €3,696 | €2,811 | -€885 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €63,637 | €89,329 | +€25,692 | +40.4% |
| Income taxes | 67/77 | €13,274 | €18,545 | +€5,270 | +39.7% |
| Profit (loss) for the period | 9904 | €50,363 | €70,785 | +€20,422 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,363 | €70,785 | +€20,422 | +40.6% |
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 19 October 2026 via checked.be.