Noene: what changed
Two fiscal 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.
Noene
Largest movements
- Current investments +€20,000
new in 2025: €20,000
- Receivables within one year +€12,700
up €12,700 (+102.7%), from €12,366 to €25,066
of which Other amounts receivable: +€6,605
- Tangible fixed assets +€4,132
up €4,132 (+33.8%), from €12,225 to €16,357
of which Plant, machinery and equipment: +€4,939
- Cash +€859
up €859 (+4.5%), from €19,132 to €19,992
mainly Trade debts (+€23,798) and Net result for the year (+€18,514)
- Trade debts +€23,798
up €23,798 (+169.8%), from €14,014 to €37,812
- Profit (loss) carried forward +€18,514
up €18,514 (+254.3%), from €7,282 to €25,795
- Debts after one year -€3,322
down €3,322 (-46.5%), from €7,139 to €3,817
- Other debts -€2,915
down €2,915 (-100.0%), from €2,915 to €0
- Tax, wage and social debts +€1,254
up €1,254 (+23.1%), from €5,439 to €6,693
of which Taxes: +€3,068
- Gross operating margin +€24,103
up €24,103 (+72.3%), from €33,349 to €57,452
- Staff costs +€6,909
up €6,909 (+43.7%), from €15,822 to €22,731
- Taxes +€3,069
up €3,069 (+179.4%), from €1,711 to €4,779
- Other operating charges +€1,620
up €1,620 (+54.5%), from €2,972 to €4,592
- Depreciation +€1,062
up €1,062 (+35.5%), from €2,990 to €4,052
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.
Cash bridge derived
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 | €44,927 | €82,440 | +€37,512 | +83.5% |
| Fixed assets | 21/28 | €12,305 | €16,437 | +€4,132 | +33.6% |
| Tangible fixed assets | 22/27 | €12,225 | €16,357 | +€4,132 | +33.8% |
| Plant, machinery and equipment | 23 | - | €4,939 | +€4,939 | |
| Furniture and vehicles | 24 | €10,160 | €9,773 | -€386 | -3.8% |
| Other tangible fixed assets | 26 | €2,065 | €1,645 | -€421 | -20.4% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €32,622 | €66,003 | +€33,381 | +102.3% |
| Stocks and contracts in progress | 3 | €1,124 | €945 | -€179 | -15.9% |
| Stocks | 30/36 | €1,124 | €945 | -€179 | -15.9% |
| Amounts receivable within one year | 40/41 | €12,366 | €25,066 | +€12,700 | +102.7% |
| Trade receivables | 40 | €11,665 | €17,760 | +€6,095 | +52.3% |
| Other amounts receivable | 41 | €702 | €7,306 | +€6,605 | +941.5% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €19,132 | €19,992 | +€859 | +4.5% |
| Total equity and liabilities | 10/49 | €44,927 | €82,440 | +€37,512 | +83.5% |
| Equity | 10/15 | €12,282 | €30,795 | +€18,514 | +150.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,282 | €25,795 | +€18,514 | +254.3% |
| Amounts payable | 17/49 | €32,646 | €51,644 | +€18,999 | +58.2% |
| Amounts payable after more than one year | 17 | €7,139 | €3,817 | -€3,322 | -46.5% |
| Financial debts | 170/4 | €7,139 | €3,817 | -€3,322 | -46.5% |
| Amounts payable within one year | 42/48 | €25,507 | €47,827 | +€22,320 | +87.5% |
| Current portion of amounts payable after more than one year | 42 | €3,139 | €3,322 | +€183 | +5.8% |
| Trade debts | 44 | €14,014 | €37,812 | +€23,798 | +169.8% |
| Suppliers | 440/4 | €14,014 | €37,812 | +€23,798 | +169.8% |
| Taxes, remuneration and social security | 45 | €5,439 | €6,693 | +€1,254 | +23.1% |
| Taxes | 450/3 | €2,249 | €5,317 | +€3,068 | +136.4% |
| Remuneration and social security | 454/9 | €3,190 | €1,376 | -€1,814 | -56.9% |
| Other amounts payable | 47/48 | €2,915 | €0 | -€2,915 | -100.0% |
| Remuneration, social security and pensions | 62 | €15,822 | €22,731 | +€6,909 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,990 | €4,052 | +€1,062 | +35.5% |
| Other operating charges | 640/8 | €2,972 | €4,592 | +€1,620 | +54.5% |
| Gross operating margin | 9900 | €33,349 | €57,452 | +€24,103 | +72.3% |
| Operating profit (loss) | 9901 | €11,565 | €26,076 | +€14,512 | +125.5% |
| Financial income | 75/76B | €10 | €7 | -€2 | -23.9% |
| Recurring financial income | 75 | €10 | €7 | -€2 | -23.9% |
| Financial charges | 65/66B | €2,582 | €2,791 | +€208 | +8.1% |
| Recurring financial charges | 65 | €2,582 | €2,791 | +€208 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €8,992 | €23,293 | +€14,301 | +159.0% |
| Income taxes | 67/77 | €1,711 | €4,779 | +€3,069 | +179.4% |
| Profit (loss) for the period | 9904 | €7,282 | €18,514 | +€11,232 | +154.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,282 | €18,514 | +€11,232 | +154.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.