NOIND Academy: 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.
NOIND Academy
Largest movements
- Tangible fixed assets -€16,034
down €16,034 (-11.3%), from €142,466 to €126,432
of which Leasing and similar rights: -€16,034
- Receivables within one year -€5,190
down €5,190 (-72.0%), from €7,210 to €2,021
of which Trade receivables: -€4,566
- Profit (loss) carried forward -€24,182
down €24,182 (-10.0%), from -€242,611 to -€266,792
- Other debts +€3,542
up €3,542 (+1.0%), from €363,784 to €367,325
- Write-downs +€5,074
new in 2025: €5,074
- Gross operating margin +€1,887
up €1,887 (+40.0%), from -€4,721 to -€2,834
- Depreciation -€400
down €400 (-2.4%), from €16,434 to €16,034
- Other operating charges +€144
new in 2025: €144
- Financial charges +€100
up €100, from -€4 to €96
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 | €159,349 | €138,007 | -€21,342 | -13.4% |
| Fixed assets | 21/28 | €150,168 | €134,134 | -€16,034 | -10.7% |
| Tangible fixed assets | 22/27 | €142,466 | €126,432 | -€16,034 | -11.3% |
| Leasing and similar rights | 25 | €102,841 | €86,807 | -€16,034 | -15.6% |
| Other tangible fixed assets | 26 | €39,625 | €39,625 | = | 0.0% |
| Financial fixed assets | 28 | €7,702 | €7,702 | = | 0.0% |
| Current assets | 29/58 | €9,181 | €3,873 | -€5,308 | -57.8% |
| Amounts receivable within one year | 40/41 | €7,210 | €2,021 | -€5,190 | -72.0% |
| Trade receivables | 40 | €6,216 | €1,650 | -€4,566 | -73.5% |
| Other amounts receivable | 41 | €994 | €370 | -€624 | -62.7% |
| Cash at bank and in hand | 54/58 | €1,927 | €1,852 | -€75 | -3.9% |
| Deferred charges and accrued income | 490/1 | €43 | - | -€43 | |
| Total equity and liabilities | 10/49 | €159,349 | €138,007 | -€21,342 | -13.4% |
| Equity | 10/15 | -€207,151 | -€231,332 | -€24,182 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €15,000 | €16,860 | +€1,860 | +12.4% |
| Profit (loss) carried forward | 14 | -€242,611 | -€266,792 | -€24,182 | -10.0% |
| Amounts payable | 17/49 | €366,500 | €369,340 | +€2,840 | +0.8% |
| Amounts payable within one year | 42/48 | €364,613 | €367,451 | +€2,838 | +0.8% |
| Trade debts | 44 | €829 | - | -€829 | |
| Suppliers | 440/4 | €829 | - | -€829 | |
| Taxes, remuneration and social security | 45 | - | €125 | +€125 | |
| Taxes | 450/3 | - | €125 | +€125 | |
| Other amounts payable | 47/48 | €363,784 | €367,325 | +€3,542 | +1.0% |
| Accrued charges and deferred income | 492/3 | €1,888 | €1,889 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,434 | €16,034 | -€400 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,074 | +€5,074 | |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | -€4,721 | -€2,834 | +€1,887 | +40.0% |
| Operating profit (loss) | 9901 | -€21,155 | -€24,085 | -€2,930 | -13.8% |
| Financial charges | 65/66B | -€4 | €96 | +€100 | |
| Recurring financial charges | 65 | -€4 | €96 | +€100 | |
| Profit (loss) for the period before taxes | 9903 | -€21,152 | -€24,182 | -€3,030 | -14.3% |
| Profit (loss) for the period | 9904 | -€21,152 | -€24,182 | -€3,030 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,152 | -€24,182 | -€3,030 | -14.3% |
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.