NOIR VISUALS: 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 VISUALS
Largest movements
- Receivables within one year +€22,399
up €22,399 (+267%), from €8,400 to €30,799
of which Trade receivables: +€27,435
- Cash -€5,786
down €5,786 (-69.3%), from €8,355 to €2,569
mainly Receivables within one year (-€22,399) and Accrued charges and deferred income (-€2,614)
- Tangible fixed assets -€2,236
down €2,236 (-86.0%), from €2,599 to €363
- Profit (loss) carried forward +€17,353
up €17,353 (+54.6%), from -€31,801 to -€14,449
- Accrued charges and deferred income -€2,614
down €2,614 (-100%), from €2,614 to €0
- Trade debts +€2,375
up €2,375 (+101%), from €2,340 to €4,715
- Tax, wage and social debts -€2,121
down €2,121 (-97.3%), from €2,181 to €59
of which Taxes: -€2,121
- Short-term financial debts -€616
down €616 (-45.9%), from €1,341 to €726
- Gross operating margin +€16,902
up €16,902 (+493%), from €3,430 to €20,332
- Staff costs -€12,078
down €12,078 (-100%), from €12,078 to €0
- Depreciation -€1,574
down €1,574 (-41.3%), from €3,810 to €2,236
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 | €19,454 | €33,831 | +€14,377 | +73.9% |
| Fixed assets | 21/28 | €2,599 | €363 | -€2,236 | -86.0% |
| Tangible fixed assets | 22/27 | €2,599 | €363 | -€2,236 | -86.0% |
| Furniture and vehicles | 24 | €2,599 | €363 | -€2,236 | -86.0% |
| Current assets | 29/58 | €16,855 | €33,468 | +€16,613 | +98.6% |
| Amounts receivable within one year | 40/41 | €8,400 | €30,799 | +€22,399 | +267% |
| Trade receivables | 40 | €2,614 | €30,048 | +€27,435 | +1,050% |
| Other amounts receivable | 41 | €5,786 | €751 | -€5,035 | -87.0% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,355 | €2,569 | -€5,786 | -69.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €19,454 | €33,831 | +€14,377 | +73.9% |
| Equity | 10/15 | €10,978 | €28,331 | +€17,353 | +158% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,780 | €37,780 | = | 0.0% |
| Distributable reserves | 133 | €37,780 | €37,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,801 | -€14,449 | +€17,353 | +54.6% |
| Amounts payable | 17/49 | €8,476 | €5,500 | -€2,975 | -35.1% |
| Amounts payable within one year | 42/48 | €5,862 | €5,500 | -€362 | -6.2% |
| Financial debts | 43 | €1,341 | €726 | -€616 | -45.9% |
| Credit institutions | 430/8 | €1,341 | €726 | -€616 | -45.9% |
| Trade debts | 44 | €2,340 | €4,715 | +€2,375 | +101% |
| Suppliers | 440/4 | €2,340 | €4,715 | +€2,375 | +101% |
| Taxes, remuneration and social security | 45 | €2,181 | €59 | -€2,121 | -97.3% |
| Taxes | 450/3 | €2,181 | €59 | -€2,121 | -97.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,614 | €0 | -€2,614 | -100% |
| Non-recurring operating income | 76A | - | €20 | +€20 | |
| Remuneration, social security and pensions | 62 | €12,078 | €0 | -€12,078 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,810 | €2,236 | -€1,574 | -41.3% |
| Other operating charges | 640/8 | €575 | €599 | +€23 | +4.1% |
| Gross operating margin | 9900 | €3,430 | €20,332 | +€16,902 | +493% |
| Operating profit (loss) | 9901 | -€13,033 | €17,498 | +€30,531 | |
| Financial income | 75/76B | €0 | €73 | +€73 | +731,400% |
| Recurring financial income | 75 | €0 | €73 | +€73 | +731,400% |
| Financial charges | 65/66B | €410 | €218 | -€192 | -46.8% |
| Recurring financial charges | 65 | €410 | €218 | -€192 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,443 | €17,353 | +€30,796 | |
| Profit (loss) for the period | 9904 | -€13,443 | €17,353 | +€30,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,443 | €17,353 | +€30,796 |
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 15 October 2026 via checked.be.