NOIPEX: 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.
NOIPEX
Largest movements
- Current investments +€143,387
up €143,387 (+28.5%), from €503,101 to €646,488
- Cash -€20,093
down €20,093 (-19.6%), from €102,765 to €82,672
mainly Current investments (-€143,387) and Other debts (-€24,329)
- Receivables within one year +€10,780
up €10,780 (+24.5%), from €43,945 to €54,725
of which Other amounts receivable: +€5,710
- Tangible fixed assets -€8,692
down €8,692 (-31.7%), from €27,386 to €18,694
of which Furniture and vehicles: -€6,856
- Reserves +€106,000
up €106,000 (+16.9%), from €625,860 to €731,860
- Tax, wage and social debts +€42,535
up €42,535 (+621.2%), from €6,847 to €49,382
- Other debts -€24,329
no longer reported in 2026 (was €24,329)
- Gross operating margin +€27,389
up €27,389 (+19.0%), from €144,181 to €171,571
- Financial charges +€13,450
up €13,450 (+455.0%), from €2,956 to €16,406
- Depreciation -€7,545
down €7,545 (-46.5%), from €16,237 to €8,692
- Taxes +€7,022
up €7,022 (+17.5%), from €40,184 to €47,206
- Financial income -€4,835
down €4,835 (-37.2%), from €13,000 to €8,165
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €678,501 | €803,750 | +€125,249 | +18.5% |
| Fixed assets | 21/28 | €27,386 | €18,694 | -€8,692 | -31.7% |
| Tangible fixed assets | 22/27 | €27,386 | €18,694 | -€8,692 | -31.7% |
| Furniture and vehicles | 24 | €17,294 | €10,439 | -€6,856 | -39.6% |
| Other tangible fixed assets | 26 | €10,092 | €8,255 | -€1,836 | -18.2% |
| Current assets | 29/58 | €651,115 | €785,056 | +€133,941 | +20.6% |
| Amounts receivable within one year | 40/41 | €43,945 | €54,725 | +€10,780 | +24.5% |
| Trade receivables | 40 | €43,874 | €48,943 | +€5,069 | +11.6% |
| Other amounts receivable | 41 | €71 | €5,781 | +€5,710 | +8031.2% |
| Current investments | 50/53 | €503,101 | €646,488 | +€143,387 | +28.5% |
| Cash at bank and in hand | 54/58 | €102,765 | €82,672 | -€20,093 | -19.6% |
| Deferred charges and accrued income | 490/1 | €1,304 | €1,172 | -€132 | -10.1% |
| Total equity and liabilities | 10/49 | €678,501 | €803,750 | +€125,249 | +18.5% |
| Equity | 10/15 | €647,127 | €753,877 | +€106,750 | +16.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €625,860 | €731,860 | +€106,000 | +16.9% |
| Distributable reserves | 133 | €625,860 | €731,860 | +€106,000 | +16.9% |
| Profit (loss) carried forward | 14 | €8,867 | €9,617 | +€750 | +8.5% |
| Amounts payable | 17/49 | €31,373 | €49,873 | +€18,500 | +59.0% |
| Amounts payable within one year | 42/48 | €31,373 | €49,582 | +€18,209 | +58.0% |
| Trade debts | 44 | €197 | €200 | +€3 | +1.5% |
| Suppliers | 440/4 | €197 | €200 | +€3 | +1.5% |
| Taxes, remuneration and social security | 45 | €6,847 | €49,382 | +€42,535 | +621.2% |
| Taxes | 450/3 | €6,847 | €49,382 | +€42,535 | +621.2% |
| Other amounts payable | 47/48 | €24,329 | - | -€24,329 | |
| Accrued charges and deferred income | 492/3 | - | €291 | +€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,237 | €8,692 | -€7,545 | -46.5% |
| Other operating charges | 640/8 | €667 | €683 | +€16 | +2.4% |
| Gross operating margin | 9900 | €144,181 | €171,571 | +€27,389 | +19.0% |
| Operating profit (loss) | 9901 | €127,278 | €162,196 | +€34,918 | +27.4% |
| Financial income | 75/76B | €13,000 | €8,165 | -€4,835 | -37.2% |
| Recurring financial income | 75 | €13,000 | €8,165 | -€4,835 | -37.2% |
| Financial charges | 65/66B | €2,956 | €16,406 | +€13,450 | +455.0% |
| Recurring financial charges | 65 | €2,956 | €16,406 | +€13,450 | +455.0% |
| Profit (loss) for the period before taxes | 9903 | €137,322 | €153,955 | +€16,633 | +12.1% |
| Income taxes | 67/77 | €40,184 | €47,206 | +€7,022 | +17.5% |
| Profit (loss) for the period | 9904 | €97,138 | €106,750 | +€9,612 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,138 | €106,750 | +€9,612 | +9.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.