NOEVAN: 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.
NOEVAN
Largest movements
- Current investments +€100,000
new in 2024: €100,000
- Cash -€70,635
down €70,635 (-60.3%), from €117,110 to €46,475
mainly Current investments (-€100,000) and Debts after one year (-€18,750)
- Deferred charges and accrued income +€18,277
up €18,277 (+113.7%), from €16,073 to €34,350
- Intangible fixed assets -€9,616
down €9,616 (-33.9%), from €28,402 to €18,785
- Reserves +€56,284
up €56,284 (+70.4%), from €79,942 to €136,226
- Debts after one year -€18,750
down €18,750 (-32.9%), from €57,041 to €38,291
of which Other amounts payable: -€10,000
- Gross operating margin +€3,269
up €3,269 (+3.9%), from €84,268 to €87,537
- Financial income +€2,067
up €2,067 (+6891.1%), from €30 to €2,097
- Depreciation +€1,493
up €1,493 (+12.3%), from €12,096 to €13,589
- Financial charges +€1,013
up €1,013 (+36.5%), from €2,771 to €3,784
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,899 | €214,013 | +€39,114 | +22.4% |
| Fixed assets | 21/28 | €40,380 | €32,113 | -€8,266 | -20.5% |
| Intangible fixed assets | 21 | €28,402 | €18,785 | -€9,616 | -33.9% |
| Tangible fixed assets | 22/27 | €11,978 | €13,328 | +€1,350 | +11.3% |
| Plant, machinery and equipment | 23 | €6,379 | €4,752 | -€1,628 | -25.5% |
| Furniture and vehicles | 24 | €1,980 | €5,325 | +€3,345 | +169.0% |
| Other tangible fixed assets | 26 | €3,619 | €3,252 | -€367 | -10.2% |
| Current assets | 29/58 | €134,519 | €181,899 | +€47,381 | +35.2% |
| Amounts receivable within one year | 40/41 | €1,336 | €1,075 | -€262 | -19.6% |
| Other amounts receivable | 41 | €1,336 | €1,075 | -€262 | -19.6% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €117,110 | €46,475 | -€70,635 | -60.3% |
| Deferred charges and accrued income | 490/1 | €16,073 | €34,350 | +€18,277 | +113.7% |
| Total equity and liabilities | 10/49 | €174,899 | €214,013 | +€39,114 | +22.4% |
| Equity | 10/15 | €80,042 | €136,326 | +€56,284 | +70.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €79,942 | €136,226 | +€56,284 | +70.4% |
| Distributable reserves | 133 | €79,942 | €136,226 | +€56,284 | +70.4% |
| Amounts payable | 17/49 | €94,856 | €77,686 | -€17,170 | -18.1% |
| Amounts payable after more than one year | 17 | €57,041 | €38,291 | -€18,750 | -32.9% |
| Financial debts | 170/4 | €18,958 | €10,208 | -€8,750 | -46.2% |
| Other amounts payable | 178/9 | €38,082 | €28,082 | -€10,000 | -26.3% |
| Amounts payable within one year | 42/48 | €36,206 | €37,001 | +€795 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €8,750 | €8,750 | = | 0.0% |
| Trade debts | 44 | €571 | €921 | +€350 | +61.4% |
| Suppliers | 440/4 | €571 | €921 | +€350 | +61.4% |
| Taxes, remuneration and social security | 45 | €6,620 | €6,620 | = | 0.0% |
| Taxes | 450/3 | €5,120 | €5,120 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €20,266 | €20,711 | +€445 | +2.2% |
| Accrued charges and deferred income | 492/3 | €1,609 | €2,395 | +€785 | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,096 | €13,589 | +€1,493 | +12.3% |
| Other operating charges | 640/8 | €604 | €1,004 | +€401 | +66.4% |
| Gross operating margin | 9900 | €84,268 | €87,537 | +€3,269 | +3.9% |
| Operating profit (loss) | 9901 | €71,569 | €72,944 | +€1,375 | +1.9% |
| Financial income | 75/76B | €30 | €2,097 | +€2,067 | +6891.1% |
| Recurring financial income | 75 | €30 | €2,097 | +€2,067 | +6891.1% |
| Financial charges | 65/66B | €2,771 | €3,784 | +€1,013 | +36.5% |
| Recurring financial charges | 65 | €2,771 | €3,784 | +€1,013 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €68,828 | €71,257 | +€2,430 | +3.5% |
| Income taxes | 67/77 | €14,120 | €14,973 | +€854 | +6.0% |
| Profit (loss) for the period | 9904 | €54,708 | €56,284 | +€1,576 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,708 | €56,284 | +€1,576 | +2.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.