NOEVO: 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.
NOEVO
Largest movements
- Stocks and contracts +€10,409
new in 2025: €10,409
- Tangible fixed assets -€5,960
down €5,960 (-21.1%), from €28,285 to €22,325
of which Furniture and vehicles: -€5,675
- Receivables within one year +€2,270
up €2,270 (+19.1%), from €11,914 to €14,184
of which Other amounts receivable: +€5,994
- Profit (loss) carried forward +€31,386
up €31,386 (+60.7%), from -€51,734 to -€20,348
- Trade debts -€19,150
down €19,150 (-58.7%), from €32,616 to €13,465
- Debts after one year -€12,072
down €12,072 (-26.7%), from €45,179 to €33,106
- Tax, wage and social debts +€5,827
up €5,827 (+4,464%), from €131 to €5,957
of which Remuneration and social security: +€4,690
- Gross operating margin +€154,432
up €154,432, from -€41,509 to €112,923
- Staff costs +€67,956
new in 2025: €67,956
- Depreciation +€1,750
up €1,750 (+23.1%), from €7,562 to €9,313
- Financial charges +€1,700
up €1,700 (+99.4%), from €1,710 to €3,410
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 | €68,294 | €74,596 | +€6,302 | +9.2% |
| Formation expenses | 20 | €193 | - | -€193 | |
| Fixed assets | 21/28 | €29,792 | €23,483 | -€6,310 | -21.2% |
| Intangible fixed assets | 21 | €1,508 | €1,158 | -€350 | -23.2% |
| Tangible fixed assets | 22/27 | €28,285 | €22,325 | -€5,960 | -21.1% |
| Plant, machinery and equipment | 23 | €9,158 | €8,873 | -€285 | -3.1% |
| Furniture and vehicles | 24 | €19,127 | €13,452 | -€5,675 | -29.7% |
| Current assets | 29/58 | €38,308 | €51,113 | +€12,805 | +33.4% |
| Stocks and contracts in progress | 3 | - | €10,409 | +€10,409 | |
| Stocks | 30/36 | - | €10,409 | +€10,409 | |
| Amounts receivable within one year | 40/41 | €11,914 | €14,184 | +€2,270 | +19.1% |
| Trade receivables | 40 | €10,938 | €7,214 | -€3,723 | -34.0% |
| Other amounts receivable | 41 | €976 | €6,970 | +€5,994 | +614% |
| Cash at bank and in hand | 54/58 | €23,183 | €23,864 | +€680 | +2.9% |
| Deferred charges and accrued income | 490/1 | €3,211 | €2,655 | -€555 | -17.3% |
| Total equity and liabilities | 10/49 | €68,294 | €74,596 | +€6,302 | +9.2% |
| Equity | 10/15 | -€21,734 | €9,653 | +€31,386 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,734 | -€20,348 | +€31,386 | +60.7% |
| Amounts payable | 17/49 | €90,028 | €64,943 | -€25,085 | -27.9% |
| Amounts payable after more than one year | 17 | €45,179 | €33,106 | -€12,072 | -26.7% |
| Financial debts | 170/4 | €45,179 | €33,106 | -€12,072 | -26.7% |
| Amounts payable within one year | 42/48 | €44,811 | €31,799 | -€13,012 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €11,526 | €12,072 | +€547 | +4.7% |
| Financial debts | 43 | - | €304 | +€304 | |
| Other loans | 439 | - | €304 | +€304 | |
| Trade debts | 44 | €32,616 | €13,465 | -€19,150 | -58.7% |
| Suppliers | 440/4 | €32,616 | €13,465 | -€19,150 | -58.7% |
| Advances received on contracts in progress | 46 | €247 | - | -€247 | |
| Taxes, remuneration and social security | 45 | €131 | €5,957 | +€5,827 | +4,464% |
| Taxes | 450/3 | €131 | €1,267 | +€1,137 | +871% |
| Remuneration and social security | 454/9 | - | €4,690 | +€4,690 | |
| Other amounts payable | 47/48 | €292 | - | -€292 | |
| Accrued charges and deferred income | 492/3 | €38 | €38 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €67,956 | +€67,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,562 | €9,313 | +€1,750 | +23.1% |
| Other operating charges | 640/8 | €959 | €858 | -€101 | -10.5% |
| Gross operating margin | 9900 | -€41,509 | €112,923 | +€154,432 | |
| Operating profit (loss) | 9901 | -€50,030 | €34,797 | +€84,827 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -94.9% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -94.9% |
| Financial charges | 65/66B | €1,710 | €3,410 | +€1,700 | +99.4% |
| Recurring financial charges | 65 | €1,710 | €3,410 | +€1,700 | +99.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,734 | €31,386 | +€83,120 | |
| Profit (loss) for the period | 9904 | -€51,734 | €31,386 | +€83,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,734 | €31,386 | +€83,120 |
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 16 October 2026 via checked.be.