NOI: 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.
NOI
Largest movements
- Stocks and contracts -€19,019
down €19,019 (-67.2%), from €28,309 to €9,290
- Receivables within one year +€635
up €635 (+87.0%), from €730 to €1,365
- Profit (loss) carried forward -€23,564
down €23,564 (-16.9%), from -€139,085 to -€162,649
- Other debts +€5,624
up €5,624 (+7.0%), from €80,772 to €86,396
- Gross operating margin -€1,430
down €1,430 (-46.7%), from -€3,061 to -€4,491
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 | €29,038 | €10,824 | -€18,214 | -62.7% |
| Current assets | 29/58 | €29,038 | €10,824 | -€18,214 | -62.7% |
| Stocks and contracts in progress | 3 | €28,309 | €9,290 | -€19,019 | -67.2% |
| Stocks | 30/36 | €28,309 | €9,290 | -€19,019 | -67.2% |
| Amounts receivable within one year | 40/41 | €730 | €1,365 | +€635 | +87.0% |
| Other amounts receivable | 41 | €730 | €1,365 | +€635 | +87.0% |
| Cash at bank and in hand | 54/58 | - | €169 | +€169 | |
| Total equity and liabilities | 10/49 | €29,038 | €10,824 | -€18,214 | -62.7% |
| Equity | 10/15 | -€52,211 | -€75,775 | -€23,564 | -45.1% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Contributions outside capital | 11 | €86,763 | - | -€86,763 | |
| Share premium | 1100/10 | €86,763 | - | -€86,763 | |
| Reserves | 13 | €111 | €111 | = | 0.0% |
| Distributable reserves | 133 | €111 | €111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,085 | -€162,649 | -€23,564 | -16.9% |
| Amounts payable | 17/49 | €81,249 | €86,599 | +€5,350 | +6.6% |
| Amounts payable within one year | 42/48 | €81,249 | €86,599 | +€5,350 | +6.6% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €474 | €203 | -€271 | -57.2% |
| Suppliers | 440/4 | €474 | €203 | -€271 | -57.2% |
| Other amounts payable | 47/48 | €80,772 | €86,396 | +€5,624 | +7.0% |
| Non-recurring operating charges | 66A | - | €19,019 | +€19,019 | |
| Gross operating margin | 9900 | -€3,061 | -€4,491 | -€1,430 | -46.7% |
| Operating profit (loss) | 9901 | -€3,061 | -€23,510 | -€20,449 | -668% |
| Financial charges | 65/66B | €62 | €54 | -€8 | -12.9% |
| Recurring financial charges | 65 | €62 | €54 | -€8 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,123 | -€23,564 | -€20,441 | -655% |
| Profit (loss) for the period | 9904 | -€3,123 | -€23,564 | -€20,441 | -655% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,123 | -€23,564 | -€20,441 | -655% |
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 15 October 2026 via checked.be.