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 -€41,678
down €41,678 (-97.1%), from €42,937 to €1,259
mainly Net result for the year (-€57,514) and Receivables within one year (-€8,018)
- Tangible fixed assets -€21,587
down €21,587 (-19.1%), from €112,924 to €91,338
of which Other tangible fixed assets: -€21,567
- Receivables within one year +€8,018
up €8,018 (+102%), from €7,850 to €15,868
of which Trade receivables: +€7,540
- Stocks and contracts +€6,000
up €6,000 (+43.4%), from €13,819 to €19,819
- Deferred charges and accrued income -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward -€57,514
down €57,514, from €34,255 to -€23,259
- Debts after one year -€7,522
down €7,522 (-10.4%), from €72,256 to €64,734
- Other debts +€5,321
up €5,321 (+20.1%), from €26,494 to €31,815
- Tax, wage and social debts +€4,021
up €4,021 (+78.9%), from €5,094 to €9,115
of which Remuneration and social security: +€4,228
- Trade debts +€3,704
up €3,704 (+19.9%), from €18,637 to €22,341
- Gross operating margin -€23,552
down €23,552 (-19.8%), from €119,214 to €95,662
- Staff costs +€19,947
up €19,947 (+28.2%), from €70,816 to €90,763
- Other operating charges +€11,432
up €11,432 (+45.8%), from €24,947 to €36,379
- Depreciation +€3,702
up €3,702 (+19.4%), from €19,065 to €22,766
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 | €184,425 | €130,178 | -€54,247 | -29.4% |
| Fixed assets | 21/28 | €114,819 | €93,232 | -€21,587 | -18.8% |
| Tangible fixed assets | 22/27 | €112,924 | €91,338 | -€21,587 | -19.1% |
| Plant, machinery and equipment | 23 | €3,437 | €3,634 | +€197 | +5.7% |
| Furniture and vehicles | 24 | €217 | - | -€217 | |
| Other tangible fixed assets | 26 | €109,270 | €87,703 | -€21,567 | -19.7% |
| Financial fixed assets | 28 | €1,895 | €1,895 | = | 0.0% |
| Current assets | 29/58 | €69,606 | €36,946 | -€32,660 | -46.9% |
| Stocks and contracts in progress | 3 | €13,819 | €19,819 | +€6,000 | +43.4% |
| Stocks | 30/36 | €13,819 | €19,819 | +€6,000 | +43.4% |
| Amounts receivable within one year | 40/41 | €7,850 | €15,868 | +€8,018 | +102% |
| Trade receivables | 40 | €7,850 | €15,390 | +€7,540 | +96.1% |
| Other amounts receivable | 41 | - | €478 | +€478 | |
| Cash at bank and in hand | 54/58 | €42,937 | €1,259 | -€41,678 | -97.1% |
| Deferred charges and accrued income | 490/1 | €5,000 | - | -€5,000 | |
| Total equity and liabilities | 10/49 | €184,425 | €130,178 | -€54,247 | -29.4% |
| Equity | 10/15 | €54,715 | -€2,799 | -€57,514 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,255 | -€23,259 | -€57,514 | |
| Amounts payable | 17/49 | €129,710 | €132,977 | +€3,267 | +2.5% |
| Amounts payable after more than one year | 17 | €72,256 | €64,734 | -€7,522 | -10.4% |
| Financial debts | 170/4 | €72,256 | €64,734 | -€7,522 | -10.4% |
| Amounts payable within one year | 42/48 | €57,454 | €68,243 | +€10,788 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €7,229 | €4,972 | -€2,257 | -31.2% |
| Trade debts | 44 | €18,637 | €22,341 | +€3,704 | +19.9% |
| Suppliers | 440/4 | €18,637 | €22,341 | +€3,704 | +19.9% |
| Taxes, remuneration and social security | 45 | €5,094 | €9,115 | +€4,021 | +78.9% |
| Taxes | 450/3 | €207 | - | -€207 | |
| Remuneration and social security | 454/9 | €4,887 | €9,115 | +€4,228 | +86.5% |
| Other amounts payable | 47/48 | €26,494 | €31,815 | +€5,321 | +20.1% |
| Remuneration, social security and pensions | 62 | €70,816 | €90,763 | +€19,947 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,065 | €22,766 | +€3,702 | +19.4% |
| Other operating charges | 640/8 | €24,947 | €36,379 | +€11,432 | +45.8% |
| Gross operating margin | 9900 | €119,214 | €95,662 | -€23,552 | -19.8% |
| Operating profit (loss) | 9901 | €4,386 | -€54,246 | -€58,633 | |
| Financial income | 75/76B | €140 | €23 | -€117 | -83.6% |
| Recurring financial income | 75 | €140 | €23 | -€117 | -83.6% |
| Financial charges | 65/66B | €4,271 | €3,291 | -€981 | -23.0% |
| Recurring financial charges | 65 | €4,271 | €3,291 | -€981 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €255 | -€57,514 | -€57,769 | |
| Profit (loss) for the period | 9904 | €255 | -€57,514 | -€57,769 | |
| Profit (loss) for the period to be appropriated | 9905 | €255 | -€57,514 | -€57,769 |
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 17 October 2026 via checked.be.