NOÏA: 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.
NOÏA
Largest movements
- Receivables within one year +€21,988
up €21,988 (+109%), from €20,143 to €42,131
of which Trade receivables: +€21,922
- Financial fixed assets +€5,980
new in 2025: €5,980
- Deferred charges and accrued income +€5,609
up €5,609 (+856%), from €655 to €6,264
- Cash -€1,282
down €1,282 (-5.3%), from €24,347 to €23,065
mainly Receivables within one year (-€21,988) and Investment in fixed assets (net) (-€7,927)
- Trade debts +€32,654
up €32,654 (+509%), from €6,412 to €39,066
- Reserves +€6,545
up €6,545 (+20.4%), from €32,015 to €38,560
- Tax, wage and social debts -€4,627
down €4,627 (-59.5%), from €7,774 to €3,146
- Accrued charges and deferred income -€3,100
down €3,100 (-100.0%), from €3,100 to €0
- Gross operating margin -€20,959
down €20,959 (-63.4%), from €33,050 to €12,090
- Other operating charges -€5,772
no longer reported in 2025 (was €5,772)
- Taxes -€4,615
down €4,615 (-64.0%), from €7,215 to €2,600
- Depreciation +€839
up €839 (+43.4%), from €1,931 to €2,769
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 | €54,300 | €85,773 | +€31,472 | +58.0% |
| Fixed assets | 21/28 | €9,155 | €14,313 | +€5,158 | +56.3% |
| Intangible fixed assets | 21 | €762 | €0 | -€762 | -100% |
| Tangible fixed assets | 22/27 | €8,393 | €8,333 | -€60 | -0.7% |
| Furniture and vehicles | 24 | €2,439 | €1,858 | -€581 | -23.8% |
| Other tangible fixed assets | 26 | €5,955 | €6,475 | +€521 | +8.7% |
| Financial fixed assets | 28 | - | €5,980 | +€5,980 | |
| Current assets | 29/58 | €45,145 | €71,460 | +€26,315 | +58.3% |
| Amounts receivable within one year | 40/41 | €20,143 | €42,131 | +€21,988 | +109% |
| Trade receivables | 40 | €20,079 | €42,001 | +€21,922 | +109% |
| Other amounts receivable | 41 | €64 | €129 | +€65 | +102% |
| Cash at bank and in hand | 54/58 | €24,347 | €23,065 | -€1,282 | -5.3% |
| Deferred charges and accrued income | 490/1 | €655 | €6,264 | +€5,609 | +856% |
| Total equity and liabilities | 10/49 | €54,300 | €85,773 | +€31,472 | +58.0% |
| Equity | 10/15 | €37,015 | €43,560 | +€6,545 | +17.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,015 | €38,560 | +€6,545 | +20.4% |
| Distributable reserves | 133 | €32,015 | €38,560 | +€6,545 | +20.4% |
| Amounts payable | 17/49 | €17,286 | €42,213 | +€24,927 | +144% |
| Amounts payable within one year | 42/48 | €14,186 | €42,212 | +€28,027 | +198% |
| Trade debts | 44 | €6,412 | €39,066 | +€32,654 | +509% |
| Suppliers | 440/4 | €6,412 | €39,066 | +€32,654 | +509% |
| Taxes, remuneration and social security | 45 | €7,774 | €3,146 | -€4,627 | -59.5% |
| Taxes | 450/3 | €7,774 | €3,146 | -€4,627 | -59.5% |
| Accrued charges and deferred income | 492/3 | €3,100 | €0 | -€3,100 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,931 | €2,769 | +€839 | +43.4% |
| Other operating charges | 640/8 | €5,772 | - | -€5,772 | |
| Gross operating margin | 9900 | €33,050 | €12,090 | -€20,959 | -63.4% |
| Operating profit (loss) | 9901 | €25,347 | €9,321 | -€16,026 | -63.2% |
| Financial income | 75/76B | €189 | €1 | -€188 | -99.7% |
| Recurring financial income | 75 | €189 | €1 | -€188 | -99.7% |
| Financial charges | 65/66B | €158 | €176 | +€19 | +12.0% |
| Recurring financial charges | 65 | €158 | €176 | +€19 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €25,378 | €9,145 | -€16,233 | -64.0% |
| Income taxes | 67/77 | €7,215 | €2,600 | -€4,615 | -64.0% |
| Profit (loss) for the period | 9904 | €18,163 | €6,545 | -€11,618 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,163 | €6,545 | -€11,618 | -64.0% |
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 24 October 2026 via checked.be.