NOI DUE: 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.
NOI DUE
Largest movements
- Cash +€63,187
up €63,187 (+45.5%), from €138,821 to €202,008
mainly Net result for the year (+€92,314) and Depreciation (+€70,804)
- Tangible fixed assets -€47,142
down €47,142 (-29.0%), from €162,406 to €115,264
of which Other tangible fixed assets: -€27,547
- Receivables within one year +€10,599
up €10,599 (+36.0%), from €29,425 to €40,024
of which Other amounts receivable: +€10,924
- Stocks and contracts -€5,675
down €5,675 (-43.1%), from €13,175 to €7,500
- Reserves +€92,314
up €92,314 (+32.4%), from €284,536 to €376,850
of which Distributable reserves: +€92,314
- Trade debts -€90,879
down €90,879 (-59.5%), from €152,634 to €61,755
- Tax, wage and social debts +€37,897
up €37,897 (+283.0%), from €13,391 to €51,287
of which Taxes: +€36,621
- Current portion of long-term debt -€8,912
down €8,912 (-58.4%), from €15,251 to €6,339
- Debts after one year -€8,151
no longer reported in 2025 (was €8,151)
- Gross operating margin +€84,097
up €84,097 (+25.0%), from €335,965 to €420,062
- Taxes +€46,048
up €46,048 (+4827.8%), from €954 to €47,002
- Other operating charges -€24,976
down €24,976 (-95.5%), from €26,158 to €1,183
- Staff costs -€19,024
down €19,024 (-8.4%), from €225,635 to €206,611
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 | €494,298 | €515,268 | +€20,969 | +4.2% |
| Fixed assets | 21/28 | €162,877 | €115,735 | -€47,142 | -28.9% |
| Tangible fixed assets | 22/27 | €162,406 | €115,264 | -€47,142 | -29.0% |
| Plant, machinery and equipment | 23 | €86,508 | €77,623 | -€8,885 | -10.3% |
| Furniture and vehicles | 24 | €3,666 | €1,480 | -€2,185 | -59.6% |
| Leasing and similar rights | 25 | €19,180 | €10,656 | -€8,524 | -44.4% |
| Other tangible fixed assets | 26 | €53,053 | €25,505 | -€27,547 | -51.9% |
| Financial fixed assets | 28 | €471 | €471 | = | 0.0% |
| Current assets | 29/58 | €331,421 | €399,532 | +€68,111 | +20.6% |
| Stocks and contracts in progress | 3 | €13,175 | €7,500 | -€5,675 | -43.1% |
| Stocks | 30/36 | €13,175 | €7,500 | -€5,675 | -43.1% |
| Amounts receivable within one year | 40/41 | €29,425 | €40,024 | +€10,599 | +36.0% |
| Trade receivables | 40 | €605 | €280 | -€325 | -53.7% |
| Other amounts receivable | 41 | €28,820 | €39,744 | +€10,924 | +37.9% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €138,821 | €202,008 | +€63,187 | +45.5% |
| Total equity and liabilities | 10/49 | €494,298 | €515,268 | +€20,969 | +4.2% |
| Equity | 10/15 | €303,572 | €395,886 | +€92,314 | +30.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €284,536 | €376,850 | +€92,314 | +32.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €282,677 | €374,991 | +€92,314 | +32.7% |
| Profit (loss) carried forward | 14 | €444 | €444 | = | 0.0% |
| Amounts payable | 17/49 | €190,727 | €119,382 | -€71,345 | -37.4% |
| Amounts payable after more than one year | 17 | €8,151 | - | -€8,151 | |
| Financial debts | 170/4 | €8,151 | - | -€8,151 | |
| Amounts payable within one year | 42/48 | €182,576 | €119,382 | -€63,194 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €15,251 | €6,339 | -€8,912 | -58.4% |
| Trade debts | 44 | €152,634 | €61,755 | -€90,879 | -59.5% |
| Suppliers | 440/4 | €152,634 | €61,755 | -€90,879 | -59.5% |
| Taxes, remuneration and social security | 45 | €13,391 | €51,287 | +€37,897 | +283.0% |
| Taxes | 450/3 | €76 | €36,697 | +€36,621 | +48389.9% |
| Remuneration and social security | 454/9 | €13,315 | €14,590 | +€1,275 | +9.6% |
| Other amounts payable | 47/48 | €1,300 | - | -€1,300 | |
| Remuneration, social security and pensions | 62 | €225,635 | €206,611 | -€19,024 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,106 | €70,804 | -€3,301 | -4.5% |
| Other operating charges | 640/8 | €26,158 | €1,183 | -€24,976 | -95.5% |
| Gross operating margin | 9900 | €335,965 | €420,062 | +€84,097 | +25.0% |
| Operating profit (loss) | 9901 | €10,066 | €141,464 | +€131,398 | +1305.4% |
| Financial income | 75/76B | €1,021 | €2,009 | +€988 | +96.8% |
| Recurring financial income | 75 | €1,021 | €2,009 | +€988 | +96.8% |
| Financial charges | 65/66B | €3,995 | €4,156 | +€161 | +4.0% |
| Recurring financial charges | 65 | €3,995 | €4,156 | +€161 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €7,092 | €139,316 | +€132,225 | +1864.5% |
| Income taxes | 67/77 | €954 | €47,002 | +€46,048 | +4827.8% |
| Profit (loss) for the period | 9904 | €6,138 | €92,314 | +€86,176 | +1404.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,138 | €92,314 | +€86,176 | +1404.0% |
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.