Noma: 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.
Noma
Largest movements
- Tangible fixed assets -€185,176
down €185,176 (-62.6%), from €295,844 to €110,668
of which Land and buildings: -€247,053
- Cash +€63,131
up €63,131 (+3166.2%), from €1,994 to €65,125
mainly Investment in fixed assets (net) (+€163,827) and Net result for the year (+€90,110)
- Receivables within one year -€7,784
down €7,784 (-36.8%), from €21,175 to €13,391
of which Trade receivables: -€10,096
- Debts after one year -€208,730
down €208,730 (-43.1%), from €483,736 to €275,006
- Profit (loss) carried forward +€90,110
up €90,110 (+34.8%), from -€259,146 to -€169,036
- Tax, wage and social debts -€6,872
down €6,872 (-80.1%), from €8,577 to €1,705
of which Taxes: -€7,422
- Other debts -€3,276
down €3,276 (-12.2%), from €26,823 to €23,547
- Gross operating margin +€57,633
up €57,633 (+73.3%), from €78,633 to €136,266
- Depreciation -€30,011
down €30,011 (-58.4%), from €51,360 to €21,349
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 | €322,841 | €192,743 | -€130,098 | -40.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €296,844 | €111,668 | -€185,176 | -62.4% |
| Tangible fixed assets | 22/27 | €295,844 | €110,668 | -€185,176 | -62.6% |
| Land and buildings | 22 | €286,049 | €38,996 | -€247,053 | -86.4% |
| Plant, machinery and equipment | 23 | €9,795 | €1,487 | -€8,307 | -84.8% |
| Furniture and vehicles | 24 | - | €70,185 | +€70,185 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €25,997 | €81,075 | +€55,078 | +211.9% |
| Amounts receivable within one year | 40/41 | €21,175 | €13,391 | -€7,784 | -36.8% |
| Trade receivables | 40 | €21,175 | €11,079 | -€10,096 | -47.7% |
| Other amounts receivable | 41 | - | €2,312 | +€2,312 | |
| Cash at bank and in hand | 54/58 | €1,994 | €65,125 | +€63,131 | +3166.2% |
| Deferred charges and accrued income | 490/1 | €2,828 | €2,559 | -€269 | -9.5% |
| Total equity and liabilities | 10/49 | €322,841 | €192,743 | -€130,098 | -40.3% |
| Equity | 10/15 | -€240,546 | -€150,436 | +€90,110 | +37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,146 | -€169,036 | +€90,110 | +34.8% |
| Amounts payable | 17/49 | €563,386 | €343,179 | -€220,208 | -39.1% |
| Amounts payable after more than one year | 17 | €483,736 | €275,006 | -€208,730 | -43.1% |
| Financial debts | 170/4 | €483,736 | €275,006 | -€208,730 | -43.1% |
| Amounts payable within one year | 42/48 | €79,651 | €67,567 | -€12,084 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €43,679 | €41,826 | -€1,853 | -4.2% |
| Trade debts | 44 | €572 | €489 | -€83 | -14.5% |
| Suppliers | 440/4 | €572 | €489 | -€83 | -14.5% |
| Taxes, remuneration and social security | 45 | €8,577 | €1,705 | -€6,872 | -80.1% |
| Taxes | 450/3 | €7,749 | €327 | -€7,422 | -95.8% |
| Remuneration and social security | 454/9 | €828 | €1,378 | +€550 | +66.4% |
| Other amounts payable | 47/48 | €26,823 | €23,547 | -€3,276 | -12.2% |
| Accrued charges and deferred income | 492/3 | - | €606 | +€606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,360 | €21,349 | -€30,011 | -58.4% |
| Other operating charges | 640/8 | €5,240 | €5,923 | +€684 | +13.0% |
| Gross operating margin | 9900 | €78,633 | €136,266 | +€57,633 | +73.3% |
| Operating profit (loss) | 9901 | €22,034 | €108,994 | +€86,960 | +394.7% |
| Financial charges | 65/66B | €19,231 | €18,857 | -€373 | -1.9% |
| Recurring financial charges | 65 | €19,231 | €18,857 | -€373 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €2,803 | €90,137 | +€87,334 | +3115.9% |
| Income taxes | 67/77 | - | €27 | +€27 | |
| Profit (loss) for the period | 9904 | €2,803 | €90,110 | +€87,307 | +3115.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,803 | €90,110 | +€87,307 | +3115.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.