Noémie Storms: 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.
Noémie Storms
Largest movements
- Cash +€105,235
up €105,235 (+203%), from €51,931 to €157,167
mainly Net result for the year (+€109,145) and Current investments (+€54,016)
- Current investments -€54,016
down €54,016 (-41.3%), from €130,692 to €76,676
- Tangible fixed assets -€34,193
down €34,193 (-10.0%), from €343,565 to €309,372
of which Land and buildings: -€18,609
- Reserves +€39,145
up €39,145 (+66.6%), from €58,810 to €97,954
of which Distributable reserves: +€39,145
- Debts after one year -€38,423
down €38,423 (-10.9%), from €352,279 to €313,855
- Other debts +€8,671
up €8,671 (+14.1%), from €61,541 to €70,212
- Gross operating margin +€22,300
up €22,300 (+11.5%), from €193,438 to €215,738
- Staff costs +€6,271
up €6,271 (+23.7%), from €26,472 to €32,743
- Taxes +€4,843
up €4,843 (+18.4%), from €26,363 to €31,205
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 | €535,278 | €554,953 | +€19,675 | +3.7% |
| Fixed assets | 21/28 | €343,565 | €309,372 | -€34,193 | -10.0% |
| Tangible fixed assets | 22/27 | €343,565 | €309,372 | -€34,193 | -10.0% |
| Land and buildings | 22 | €278,775 | €260,166 | -€18,609 | -6.7% |
| Plant, machinery and equipment | 23 | €36,271 | €27,421 | -€8,850 | -24.4% |
| Furniture and vehicles | 24 | €28,519 | €21,785 | -€6,734 | -23.6% |
| Current assets | 29/58 | €191,713 | €245,581 | +€53,868 | +28.1% |
| Stocks and contracts in progress | 3 | €4,147 | €5,833 | +€1,686 | +40.6% |
| Stocks | 30/36 | €4,147 | €5,833 | +€1,686 | +40.6% |
| Amounts receivable within one year | 40/41 | €2,397 | €1,244 | -€1,153 | -48.1% |
| Trade receivables | 40 | €255 | €1,244 | +€989 | +388% |
| Other amounts receivable | 41 | €2,142 | €0 | -€2,142 | -100% |
| Current investments | 50/53 | €130,692 | €76,676 | -€54,016 | -41.3% |
| Cash at bank and in hand | 54/58 | €51,931 | €157,167 | +€105,235 | +203% |
| Deferred charges and accrued income | 490/1 | €2,545 | €4,661 | +€2,116 | +83.1% |
| Total equity and liabilities | 10/49 | €535,278 | €554,953 | +€19,675 | +3.7% |
| Equity | 10/15 | €77,410 | €116,554 | +€39,145 | +50.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,810 | €97,954 | +€39,145 | +66.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €40,060 | €79,204 | +€39,145 | +97.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €457,868 | €438,398 | -€19,470 | -4.3% |
| Amounts payable after more than one year | 17 | €352,279 | €313,855 | -€38,423 | -10.9% |
| Financial debts | 170/4 | €352,279 | €313,855 | -€38,423 | -10.9% |
| Amounts payable within one year | 42/48 | €105,532 | €124,450 | +€18,917 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €37,791 | €38,423 | +€633 | +1.7% |
| Trade debts | 44 | €2,599 | €7,904 | +€5,305 | +204% |
| Suppliers | 440/4 | €2,599 | €7,904 | +€5,305 | +204% |
| Taxes, remuneration and social security | 45 | €3,602 | €7,910 | +€4,308 | +120% |
| Taxes | 450/3 | - | €3,808 | +€3,808 | |
| Remuneration and social security | 454/9 | €3,602 | €4,102 | +€500 | +13.9% |
| Other amounts payable | 47/48 | €61,541 | €70,212 | +€8,671 | +14.1% |
| Accrued charges and deferred income | 492/3 | €57 | €94 | +€37 | +64.7% |
| Remuneration, social security and pensions | 62 | €26,472 | €32,743 | +€6,271 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,658 | €35,611 | +€953 | +2.7% |
| Other operating charges | 640/8 | €2,334 | €1,614 | -€719 | -30.8% |
| Gross operating margin | 9900 | €193,438 | €215,738 | +€22,300 | +11.5% |
| Operating profit (loss) | 9901 | €129,974 | €145,770 | +€15,796 | +12.2% |
| Financial income | 75/76B | €228 | €1,670 | +€1,442 | +632% |
| Recurring financial income | 75 | €228 | €1,670 | +€1,442 | +632% |
| Financial charges | 65/66B | €7,581 | €7,090 | -€492 | -6.5% |
| Recurring financial charges | 65 | €7,581 | €7,090 | -€492 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €122,621 | €140,350 | +€17,729 | +14.5% |
| Income taxes | 67/77 | €26,363 | €31,205 | +€4,843 | +18.4% |
| Profit (loss) for the period | 9904 | €96,258 | €109,145 | +€12,886 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,258 | €109,145 | +€12,886 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.