Noémie Allard: what changed
Noémie Allard
Largest movements
- Cash +€17,475
up €17,475 (+92.3%), from €18,924 to €36,399
mainly Net result for the year (+€65,612) and Depreciation (+€6,047)
- Current investments +€6,500
new in 2025: €6,500
- Tangible fixed assets -€5,089
down €5,089 (-33.3%), from €15,286 to €10,197
of which Furniture and vehicles: -€4,010
- Receivables within one year -€2,743
down €2,743 (-4.7%), from €57,803 to €55,060
of which Trade receivables: -€8,939
- Deferred charges and accrued income -€2,553
no longer reported in 2025 (was €2,553)
- Reserves +€9,000
up €9,000 (+16.1%), from €56,000 to €65,000
- Tax, wage and social debts +€5,236
up €5,236 (+30.0%), from €17,469 to €22,705
of which Taxes: +€8,814
- Gross operating margin +€14,676
up €14,676 (+19.1%), from €76,886 to €91,563
- Taxes +€5,010
up €5,010 (+30.5%), from €16,427 to €21,437
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,565 | €109,506 | +€14,941 | +15.8% |
| Fixed assets | 21/28 | €15,286 | €10,197 | -€5,089 | -33.3% |
| Tangible fixed assets | 22/27 | €15,286 | €10,197 | -€5,089 | -33.3% |
| Furniture and vehicles | 24 | €9,416 | €5,406 | -€4,010 | -42.6% |
| Other tangible fixed assets | 26 | €5,871 | €4,792 | -€1,079 | -18.4% |
| Current assets | 29/58 | €79,279 | €99,308 | +€20,029 | +25.3% |
| Amounts receivable after more than one year | 29 | - | €1,349 | +€1,349 | |
| Other amounts receivable | 291 | - | €1,349 | +€1,349 | |
| Amounts receivable within one year | 40/41 | €57,803 | €55,060 | -€2,743 | -4.7% |
| Trade receivables | 40 | €20,054 | €11,115 | -€8,939 | -44.6% |
| Other amounts receivable | 41 | €37,749 | €43,945 | +€6,196 | +16.4% |
| Current investments | 50/53 | - | €6,500 | +€6,500 | |
| Cash at bank and in hand | 54/58 | €18,924 | €36,399 | +€17,475 | +92.3% |
| Deferred charges and accrued income | 490/1 | €2,553 | - | -€2,553 | |
| Total equity and liabilities | 10/49 | €94,565 | €109,506 | +€14,941 | +15.8% |
| Equity | 10/15 | €76,781 | €86,393 | +€9,612 | +12.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €56,000 | €65,000 | +€9,000 | +16.1% |
| Distributable reserves | 133 | €56,000 | €65,000 | +€9,000 | +16.1% |
| Profit (loss) carried forward | 14 | €321 | €933 | +€612 | +190% |
| Amounts payable | 17/49 | €17,784 | €23,112 | +€5,328 | +30.0% |
| Amounts payable within one year | 42/48 | €17,784 | €23,112 | +€5,328 | +30.0% |
| Trade debts | 44 | €315 | €408 | +€93 | +29.4% |
| Suppliers | 440/4 | €315 | €408 | +€93 | +29.4% |
| Taxes, remuneration and social security | 45 | €17,469 | €22,705 | +€5,236 | +30.0% |
| Taxes | 450/3 | €12,669 | €21,483 | +€8,814 | +69.6% |
| Remuneration and social security | 454/9 | €4,800 | €1,222 | -€3,578 | -74.5% |
| Non-recurring operating income | 76A | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,897 | €6,047 | +€150 | +2.5% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €76,886 | €91,563 | +€14,676 | +19.1% |
| Operating profit (loss) | 9901 | €70,990 | €85,372 | +€14,382 | +20.3% |
| Financial income | 75/76B | €1,488 | €1,732 | +€245 | +16.5% |
| Recurring financial income | 75 | €1,488 | €1,732 | +€245 | +16.5% |
| Financial charges | 65/66B | €176 | €55 | -€121 | -68.9% |
| Recurring financial charges | 65 | €176 | €55 | -€121 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €72,301 | €87,049 | +€14,748 | +20.4% |
| Income taxes | 67/77 | €16,427 | €21,437 | +€5,010 | +30.5% |
| Profit (loss) for the period | 9904 | €55,874 | €65,612 | +€9,738 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,874 | €65,612 | +€9,738 | +17.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.