NOIKOS: 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.
NOIKOS
Largest movements
- Cash -€164,264
down €164,264 (-57.1%), from €287,820 to €123,556
mainly Provisions (-€234,259) and Net result for the year (-€105,157)
- Tangible fixed assets -€46,139
down €46,139 (-6.5%), from €705,417 to €659,277
- Provisions -€234,259
down €234,259 (-77.3%), from €303,032 to €68,774
of which Deferred taxes: -€234,259
- Tax, wage and social debts +€155,436
up €155,436 (+94.0%), from €165,391 to €320,827
- Reserves -€105,157
down €105,157 (-12.6%), from €837,388 to €732,231
of which Tax-exempt reserves: -€702,776
- Taxes +€272,614
up €272,614 (+742.2%), from €36,732 to €309,346
- Gross operating margin -€129,442
down €129,442 (-65.3%), from €198,178 to €68,736
- Other operating charges -€7,276
down €7,276 (-25.3%), from €28,738 to €21,463
- Depreciation +€2,710
up €2,710 (+3.6%), from €75,078 to €77,787
- Financial income -€2,109
down €2,109 (-67.3%), from €3,134 to €1,025
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 | €3,238,239 | €3,048,885 | -€189,354 | -5.8% |
| Formation expenses | 20 | €168 | €0 | -€168 | -100.0% |
| Fixed assets | 21/28 | €855,592 | €809,453 | -€46,139 | -5.4% |
| Tangible fixed assets | 22/27 | €705,417 | €659,277 | -€46,139 | -6.5% |
| Land and buildings | 22 | €705,417 | €659,277 | -€46,139 | -6.5% |
| Financial fixed assets | 28 | €150,175 | €150,175 | = | 0.0% |
| Current assets | 29/58 | €2,382,479 | €2,239,432 | -€143,047 | -6.0% |
| Amounts receivable within one year | 40/41 | €2,090,229 | €2,111,727 | +€21,498 | +1.0% |
| Trade receivables | 40 | €1,185 | €1,185 | = | 0.0% |
| Other amounts receivable | 41 | €2,089,045 | €2,110,542 | +€21,498 | +1.0% |
| Cash at bank and in hand | 54/58 | €287,820 | €123,556 | -€164,264 | -57.1% |
| Deferred charges and accrued income | 490/1 | €4,429 | €4,149 | -€280 | -6.3% |
| Total equity and liabilities | 10/49 | €3,238,239 | €3,048,885 | -€189,354 | -5.8% |
| Equity | 10/15 | €2,406,286 | €2,301,129 | -€105,157 | -4.4% |
| Contributions | 10/11 | €570,155 | €570,155 | = | 0.0% |
| Capital | 10 | €570,155 | €570,155 | = | 0.0% |
| Issued capital | 100 | €570,155 | €570,155 | = | 0.0% |
| Reserves | 13 | €837,388 | €732,231 | -€105,157 | -12.6% |
| Non-distributable reserves | 130/1 | €57,016 | €57,016 | = | 0.0% |
| Legal reserve | 130 | €57,016 | €57,016 | = | 0.0% |
| Tax-exempt reserves | 132 | €718,927 | €16,151 | -€702,776 | -97.8% |
| Distributable reserves | 133 | €61,446 | €659,064 | +€597,619 | +972.6% |
| Profit (loss) carried forward | 14 | €998,742 | €998,742 | = | 0.0% |
| Provisions and deferred taxes | 16 | €303,032 | €68,774 | -€234,259 | -77.3% |
| Provisions for liabilities and charges | 160/5 | €61,200 | €61,200 | = | 0.0% |
| Environmental obligations | 163 | €61,200 | €61,200 | = | 0.0% |
| Deferred taxes | 168 | €241,832 | €7,574 | -€234,259 | -96.9% |
| Amounts payable | 17/49 | €528,921 | €678,982 | +€150,061 | +28.4% |
| Amounts payable after more than one year | 17 | €343,190 | €346,410 | +€3,220 | +0.9% |
| Financial debts | 170/4 | €340,000 | €340,000 | = | 0.0% |
| Other amounts payable | 178/9 | €3,190 | €6,410 | +€3,220 | +100.9% |
| Amounts payable within one year | 42/48 | €167,050 | €326,809 | +€159,759 | +95.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,371 | €5,694 | +€4,323 | +315.4% |
| Suppliers | 440/4 | €1,371 | €5,694 | +€4,323 | +315.4% |
| Taxes, remuneration and social security | 45 | €165,391 | €320,827 | +€155,436 | +94.0% |
| Taxes | 450/3 | €165,391 | €320,827 | +€155,436 | +94.0% |
| Other amounts payable | 47/48 | €289 | €289 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,681 | €5,763 | -€12,918 | -69.2% |
| Non-recurring operating income | 76A | €130,000 | €0 | -€130,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,078 | €77,787 | +€2,710 | +3.6% |
| Other operating charges | 640/8 | €28,738 | €21,463 | -€7,276 | -25.3% |
| Gross operating margin | 9900 | €198,178 | €68,736 | -€129,442 | -65.3% |
| Operating profit (loss) | 9901 | €94,362 | -€30,514 | -€124,876 | |
| Financial income | 75/76B | €3,134 | €1,025 | -€2,109 | -67.3% |
| Recurring financial income | 75 | €3,134 | €1,025 | -€2,109 | -67.3% |
| Financial charges | 65/66B | €692 | €581 | -€111 | -16.1% |
| Recurring financial charges | 65 | €692 | €581 | -€111 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €96,804 | -€30,070 | -€126,873 | |
| Transfer from deferred taxes | 780 | €456 | €234,259 | +€233,802 | +51244.3% |
| Income taxes | 67/77 | €36,732 | €309,346 | +€272,614 | +742.2% |
| Profit (loss) for the period | 9904 | €60,528 | -€105,157 | -€165,685 | |
| Transfer from tax-exempt reserves | 789 | €1,369 | €702,776 | +€701,407 | +51245.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,896 | €597,619 | +€535,722 | +865.5% |
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 9 October 2026 via checked.be.