NOMA: 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.
NOMA
Largest movements
- Tangible fixed assets +€26,038
up €26,038 (+11.2%), from €231,985 to €258,023
- Cash +€22,366
up €22,366 (+33.5%), from €66,692 to €89,058
mainly Depreciation (+€47,471) and Tax, wage and social debts (+€33,991)
- Tax, wage and social debts +€33,991
up €33,991 (+322%), from €10,570 to €44,560
of which Taxes: +€29,555
- Reserves +€31,902
up €31,902 (+23.4%), from €136,417 to €168,319
- Debts after one year -€31,147
down €31,147 (-20.8%), from €149,625 to €118,478
- Trade debts +€9,753
up €9,753 (+356%), from €2,736 to €12,489
- Gross operating margin +€106,428
up €106,428 (+64.6%), from €164,803 to €271,231
- Staff costs +€55,920
up €55,920 (+51.3%), from €109,018 to €164,938
- Depreciation +€21,259
up €21,259 (+81.1%), from €26,212 to €47,471
- Taxes +€7,661
up €7,661 (+240%), from €3,198 to €10,859
- Financial charges +€5,535
up €5,535 (+55.6%), from €9,963 to €15,497
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 | €347,820 | €393,813 | +€45,992 | +13.2% |
| Fixed assets | 21/28 | €236,485 | €262,523 | +€26,038 | +11.0% |
| Tangible fixed assets | 22/27 | €231,985 | €258,023 | +€26,038 | +11.2% |
| Land and buildings | 22 | €3,739 | €14,517 | +€10,778 | +288% |
| Plant, machinery and equipment | 23 | €206,561 | €203,105 | -€3,456 | -1.7% |
| Furniture and vehicles | 24 | €8,258 | €17,838 | +€9,580 | +116% |
| Other tangible fixed assets | 26 | €13,427 | €22,563 | +€9,136 | +68.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €111,335 | €131,290 | +€19,954 | +17.9% |
| Stocks and contracts in progress | 3 | €8,000 | €4,483 | -€3,517 | -44.0% |
| Stocks | 30/36 | €8,000 | €4,483 | -€3,517 | -44.0% |
| Amounts receivable within one year | 40/41 | €35,333 | €37,748 | +€2,416 | +6.8% |
| Trade receivables | 40 | €4,085 | €5,568 | +€1,483 | +36.3% |
| Other amounts receivable | 41 | €31,248 | €32,180 | +€932 | +3.0% |
| Cash at bank and in hand | 54/58 | €66,692 | €89,058 | +€22,366 | +33.5% |
| Deferred charges and accrued income | 490/1 | €1,311 | €0 | -€1,311 | -100% |
| Total equity and liabilities | 10/49 | €347,820 | €393,813 | +€45,992 | +13.2% |
| Equity | 10/15 | €155,017 | €186,919 | +€31,902 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,417 | €168,319 | +€31,902 | +23.4% |
| Distributable reserves | 133 | €136,417 | €168,319 | +€31,902 | +23.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €192,803 | €206,894 | +€14,090 | +7.3% |
| Amounts payable after more than one year | 17 | €149,625 | €118,478 | -€31,147 | -20.8% |
| Financial debts | 170/4 | €149,625 | €118,478 | -€31,147 | -20.8% |
| Amounts payable within one year | 42/48 | €42,191 | €88,196 | +€46,005 | +109% |
| Current portion of amounts payable after more than one year | 42 | €28,885 | €31,147 | +€2,262 | +7.8% |
| Trade debts | 44 | €2,736 | €12,489 | +€9,753 | +356% |
| Suppliers | 440/4 | €2,736 | €12,489 | +€9,753 | +356% |
| Taxes, remuneration and social security | 45 | €10,570 | €44,560 | +€33,991 | +322% |
| Taxes | 450/3 | €109 | €29,665 | +€29,555 | +27,100% |
| Remuneration and social security | 454/9 | €10,461 | €14,896 | +€4,435 | +42.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €988 | €220 | -€768 | -77.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €109,018 | €164,938 | +€55,920 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,212 | €47,471 | +€21,259 | +81.1% |
| Other operating charges | 640/8 | €2,228 | €2,000 | -€228 | -10.2% |
| Gross operating margin | 9900 | €164,803 | €271,231 | +€106,428 | +64.6% |
| Operating profit (loss) | 9901 | €27,346 | €56,823 | +€29,477 | +108% |
| Financial income | 75/76B | €3 | €1,435 | +€1,432 | +46,811% |
| Recurring financial income | 75 | €3 | €1,435 | +€1,432 | +46,811% |
| Financial charges | 65/66B | €9,963 | €15,497 | +€5,535 | +55.6% |
| Recurring financial charges | 65 | €9,963 | €15,497 | +€5,535 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €17,386 | €42,761 | +€25,375 | +146% |
| Income taxes | 67/77 | €3,198 | €10,859 | +€7,661 | +240% |
| Profit (loss) for the period | 9904 | €14,188 | €31,902 | +€17,714 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €14,188 | €31,902 | +€17,714 | +125% |
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 23 October 2026 via checked.be.