NOIR NOIR: 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.
NOIR NOIR
Largest movements
- Financial fixed assets +€11,000
new in 2025: €11,000
- Cash -€8,421
down €8,421 (-35.2%), from €23,905 to €15,484
mainly Investment in fixed assets (net) (-€12,800) and Deferred charges and accrued income (-€4,469)
- Deferred charges and accrued income +€4,469
up €4,469 (+2,234%), from €200 to €4,669
- Intangible fixed assets +€1,535
new in 2025: €1,535
- Receivables within one year -€737
down €737 (-6.4%), from €11,511 to €10,774
- Tax, wage and social debts +€4,552
up €4,552 (+38.9%), from €11,701 to €16,252
of which Taxes: +€4,372
- Other debts +€1,430
up €1,430 (+150%), from €952 to €2,383
- Trade debts +€948
up €948 (+33.2%), from €2,857 to €3,805
- Profit (loss) carried forward +€501
up €501 (+4.8%), from €10,516 to €11,017
- Gross operating margin -€9,499
down €9,499 (-65.9%), from €14,418 to €4,920
- Taxes +€338
up €338 (+12.5%), from €2,710 to €3,048
- Depreciation -€305
down €305 (-31.1%), from €981 to €676
- Other operating charges +€293
up €293 (+219%), from €134 to €427
- Financial charges +€200
up €200 (+262%), from €76 to €277
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 | €36,026 | €43,461 | +€7,434 | +20.6% |
| Formation expenses | 20 | €411 | - | -€411 | |
| Fixed assets | 21/28 | - | €12,535 | +€12,535 | |
| Intangible fixed assets | 21 | - | €1,535 | +€1,535 | |
| Financial fixed assets | 28 | - | €11,000 | +€11,000 | |
| Current assets | 29/58 | €35,616 | €30,926 | -€4,689 | -13.2% |
| Amounts receivable within one year | 40/41 | €11,511 | €10,774 | -€737 | -6.4% |
| Trade receivables | 40 | €11,511 | €10,774 | -€737 | -6.4% |
| Cash at bank and in hand | 54/58 | €23,905 | €15,484 | -€8,421 | -35.2% |
| Deferred charges and accrued income | 490/1 | €200 | €4,669 | +€4,469 | +2,234% |
| Total equity and liabilities | 10/49 | €36,026 | €43,461 | +€7,434 | +20.6% |
| Equity | 10/15 | €20,516 | €21,017 | +€501 | +2.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,516 | €11,017 | +€501 | +4.8% |
| Amounts payable | 17/49 | €15,510 | €22,444 | +€6,934 | +44.7% |
| Amounts payable within one year | 42/48 | €15,510 | €22,440 | +€6,930 | +44.7% |
| Trade debts | 44 | €2,857 | €3,805 | +€948 | +33.2% |
| Suppliers | 440/4 | €2,857 | €3,805 | +€948 | +33.2% |
| Taxes, remuneration and social security | 45 | €11,701 | €16,252 | +€4,552 | +38.9% |
| Taxes | 450/3 | €11,701 | €16,072 | +€4,372 | +37.4% |
| Remuneration and social security | 454/9 | - | €180 | +€180 | |
| Other amounts payable | 47/48 | €952 | €2,383 | +€1,430 | +150% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €981 | €676 | -€305 | -31.1% |
| Other operating charges | 640/8 | €134 | €427 | +€293 | +219% |
| Gross operating margin | 9900 | €14,418 | €4,920 | -€9,499 | -65.9% |
| Operating profit (loss) | 9901 | €13,303 | €3,816 | -€9,487 | -71.3% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €76 | €277 | +€200 | +262% |
| Recurring financial charges | 65 | €76 | €277 | +€200 | +262% |
| Profit (loss) for the period before taxes | 9903 | €13,227 | €3,549 | -€9,677 | -73.2% |
| Income taxes | 67/77 | €2,710 | €3,048 | +€338 | +12.5% |
| Profit (loss) for the period | 9904 | €10,516 | €501 | -€10,015 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,516 | €501 | -€10,015 | -95.2% |
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 1 November 2026 via checked.be.