# NOEMIE B: 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 B
Largest movements
- Receivables within one year +€9,148
up €9,148 (+136%), from €6,729 to €15,877
of which Other amounts receivable: +€9,996
- Cash -€6,575
down €6,575 (-20.7%), from €31,717 to €25,142
mainly Contributions, distributions and other (-€15,000) and Receivables within one year (-€9,148)
- Tangible fixed assets -€3,403
down €3,403 (-12.4%), from €27,475 to €24,072
of which Other tangible fixed assets: -€1,928
- Stocks and contracts +€2,549
up €2,549 (+26.9%), from €9,487 to €12,036
- Deferred charges and accrued income +€869
new in 2025: €869
- Other debts +€12,146
up €12,146 (+7,886%), from €154 to €12,300
- Debts after one year -€6,064
down €6,064 (-92.2%), from €6,580 to €516
- Trade debts -€2,575
no longer reported in 2025 (was €2,575)
- Accrued charges and deferred income -€1,200
no longer reported in 2025 (was €1,200)
- Gross operating margin +€24,788
up €24,788 (+32.6%), from €76,056 to €100,844
- Staff costs +€7,948
up €7,948 (+11.8%), from €67,273 to €75,221
- Taxes +€4,496
up €4,496 (+943%), from €477 to €4,973
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 | €75,548 | €78,137 | +€2,589 | +3.4% |
| Fixed assets | 21/28 | €27,616 | €24,213 | -€3,403 | -12.3% |
| Tangible fixed assets | 22/27 | €27,475 | €24,072 | -€3,403 | -12.4% |
| Plant, machinery and equipment | 23 | €8,168 | €6,723 | -€1,445 | -17.7% |
| Furniture and vehicles | 24 | €29 | - | -€29 | |
| Other tangible fixed assets | 26 | €19,277 | €17,349 | -€1,928 | -10.0% |
| Financial fixed assets | 28 | €141 | €141 | +€0 | +0.1% |
| Current assets | 29/58 | €47,933 | €53,924 | +€5,991 | +12.5% |
| Stocks and contracts in progress | 3 | €9,487 | €12,036 | +€2,549 | +26.9% |
| Stocks | 30/36 | €9,487 | €12,036 | +€2,549 | +26.9% |
| Amounts receivable within one year | 40/41 | €6,729 | €15,877 | +€9,148 | +136% |
| Trade receivables | 40 | €4,281 | €3,433 | -€848 | -19.8% |
| Other amounts receivable | 41 | €2,448 | €12,444 | +€9,996 | +408% |
| Cash at bank and in hand | 54/58 | €31,717 | €25,142 | -€6,575 | -20.7% |
| Deferred charges and accrued income | 490/1 | - | €869 | +€869 | |
| Total equity and liabilities | 10/49 | €75,548 | €78,137 | +€2,589 | +3.4% |
| Equity | 10/15 | €38,771 | €39,520 | +€749 | +1.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,771 | €14,520 | +€749 | +5.4% |
| Amounts payable | 17/49 | €36,778 | €38,617 | +€1,839 | +5.0% |
| Amounts payable after more than one year | 17 | €6,580 | €516 | -€6,064 | -92.2% |
| Financial debts | 170/4 | €6,580 | €516 | -€6,064 | -92.2% |
| Amounts payable within one year | 42/48 | €28,998 | €38,101 | +€9,103 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €5,831 | €6,064 | +€233 | +4.0% |
| Trade debts | 44 | €2,575 | - | -€2,575 | |
| Suppliers | 440/4 | €2,575 | - | -€2,575 | |
| Taxes, remuneration and social security | 45 | €20,438 | €19,737 | -€701 | -3.4% |
| Taxes | 450/3 | €14,182 | €19,737 | +€5,555 | +39.2% |
| Remuneration and social security | 454/9 | €6,256 | - | -€6,256 | |
| Other amounts payable | 47/48 | €154 | €12,300 | +€12,146 | +7,886% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Remuneration, social security and pensions | 62 | €67,273 | €75,221 | +€7,948 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,416 | €3,403 | -€13 | -0.4% |
| Other operating charges | 640/8 | €527 | €541 | +€14 | +2.7% |
| Gross operating margin | 9900 | €76,056 | €100,844 | +€24,788 | +32.6% |
| Operating profit (loss) | 9901 | €4,841 | €21,679 | +€16,838 | +348% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €785 | €957 | +€172 | +21.9% |
| Recurring financial charges | 65 | €785 | €957 | +€172 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €4,070 | €20,722 | +€16,652 | +409% |
| Income taxes | 67/77 | €477 | €4,973 | +€4,496 | +943% |
| Profit (loss) for the period | 9904 | €3,593 | €15,749 | +€12,156 | +338% |
| Profit (loss) for the period to be appropriated | 9905 | €3,593 | €15,749 | +€12,156 | +338% |
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 14 October 2026 via checked.be.