NOIRHAT IMMO: what changed
Two fiscal 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.
NOIRHAT IMMO
Largest movements
- Tangible fixed assets +€9,715
up €9,715 (+3.7%), from €262,794 to €272,509
of which Furniture and vehicles: +€24,240
- Receivables within one year -€8,049
down €8,049 (-58.2%), from €13,831 to €5,783
of which Trade receivables: -€6,718
- Cash +€7,713
up €7,713 (+4.4%), from €173,399 to €181,112
mainly Trade debts (+€45,976) and Depreciation (+€34,562)
- Deferred charges and accrued income -€5,680
down €5,680 (-59.3%), from €9,583 to €3,903
- Trade debts +€45,976
up €45,976 (+84.5%), from €54,437 to €100,413
- Other debts -€18,348
down €18,348 (-10.0%), from €182,858 to €164,510
- Debts after one year -€17,504
down €17,504 (-85.6%), from €20,448 to €2,944
- Profit (loss) carried forward -€6,492
down €6,492 (-6.2%), from €104,259 to €97,767
- Purchases and services +€51,324
new in 2025: €51,324
- Turnover +€11,620
new in 2025: €11,620
- Financial income -€10,742
down €10,742 (-99.3%), from €10,813 to €71
of which Financial income: -€10,812
- Depreciation -€6,223
down €6,223 (-15.3%), from €40,785 to €34,562
- Gross operating margin +€4,825
up €4,825 (+11.3%), from €42,584 to €47,410
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 | €459,607 | €463,306 | +€3,699 | +0.8% |
| Fixed assets | 21/28 | €262,794 | €272,509 | +€9,715 | +3.7% |
| Tangible fixed assets | 22/27 | €262,794 | €272,509 | +€9,715 | +3.7% |
| Land and buildings | 22 | €223,979 | €211,902 | -€12,078 | -5.4% |
| Plant, machinery and equipment | 23 | €7,780 | €5,648 | -€2,133 | -27.4% |
| Furniture and vehicles | 24 | €29,609 | €53,849 | +€24,240 | +81.9% |
| Other tangible fixed assets | 26 | €1,425 | €1,111 | -€314 | -22.1% |
| Current assets | 29/58 | €196,813 | €190,797 | -€6,016 | -3.1% |
| Amounts receivable within one year | 40/41 | €13,831 | €5,783 | -€8,049 | -58.2% |
| Trade receivables | 40 | €11,170 | €4,452 | -€6,718 | -60.1% |
| Other amounts receivable | 41 | €2,661 | €1,331 | -€1,330 | -50.0% |
| Cash at bank and in hand | 54/58 | €173,399 | €181,112 | +€7,713 | +4.4% |
| Deferred charges and accrued income | 490/1 | €9,583 | €3,903 | -€5,680 | -59.3% |
| Total equity and liabilities | 10/49 | €459,607 | €463,306 | +€3,699 | +0.8% |
| Equity | 10/15 | €178,009 | €171,517 | -€6,492 | -3.6% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,259 | €97,767 | -€6,492 | -6.2% |
| Amounts payable | 17/49 | €281,598 | €291,790 | +€10,192 | +3.6% |
| Amounts payable after more than one year | 17 | €20,448 | €2,944 | -€17,504 | -85.6% |
| Financial debts | 170/4 | €20,448 | €2,944 | -€17,504 | -85.6% |
| Amounts payable within one year | 42/48 | €261,150 | €288,801 | +€27,651 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €23,449 | €23,480 | +€31 | +0.1% |
| Trade debts | 44 | €54,437 | €100,413 | +€45,976 | +84.5% |
| Suppliers | 440/4 | €54,437 | €100,413 | +€45,976 | +84.5% |
| Taxes, remuneration and social security | 45 | €406 | €398 | -€8 | -2.1% |
| Taxes | 450/3 | €406 | €398 | -€8 | -2.1% |
| Other amounts payable | 47/48 | €182,858 | €164,510 | -€18,348 | -10.0% |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Turnover | 70 | - | €11,620 | +€11,620 | |
| Non-recurring operating income | 76A | - | €889 | +€889 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €51,324 | +€51,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,785 | €34,562 | -€6,223 | -15.3% |
| Other operating charges | 640/8 | €10,723 | €7,263 | -€3,460 | -32.3% |
| Non-recurring operating charges | 66A | - | €9,997 | +€9,997 | |
| Gross operating margin | 9900 | €42,584 | €47,410 | +€4,825 | +11.3% |
| Operating profit (loss) | 9901 | -€8,924 | -€4,413 | +€4,511 | +50.6% |
| Financial income | 75/76B | €10,813 | €71 | -€10,742 | -99.3% |
| Recurring financial income | 75 | €10,813 | €0 | -€10,812 | -100.0% |
| Non-recurring financial income | 76B | €10,813 | €70 | -€10,742 | -99.3% |
| Financial charges | 65/66B | €2,085 | €1,753 | -€332 | -15.9% |
| Recurring financial charges | 65 | €2,085 | €1,753 | -€332 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€196 | -€6,095 | -€5,899 | -3012.0% |
| Income taxes | 67/77 | - | €398 | +€398 | |
| Profit (loss) for the period | 9904 | -€196 | -€6,492 | -€6,296 | -3215.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€196 | -€6,492 | -€6,296 | -3215.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.