Noma Advisory: 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 Advisory
Largest movements
- Receivables within one year +€33,520
up €33,520 (+107%), from €31,315 to €64,836
of which Other amounts receivable: +€61,520
- Cash +€28,287
up €28,287 (+39.5%), from €71,649 to €99,936
mainly Net result for the year (+€63,062) and Tax, wage and social debts (+€11,586)
- Reserves +€62,229
up €62,229 (+88.8%), from €70,057 to €132,286
- Trade debts -€12,984
down €12,984 (-93.1%), from €13,941 to €958
- Tax, wage and social debts +€11,586
up €11,586 (+37.8%), from €30,652 to €42,238
of which Taxes: +€13,690
- Gross operating margin +€13,092
up €13,092 (+15.0%), from €87,166 to €100,259
- Taxes +€7,560
up €7,560 (+41.8%), from €18,093 to €25,653
- Depreciation +€2,217
up €2,217 (+92.7%), from €2,391 to €4,609
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 | €123,491 | €184,064 | +€60,573 | +49.1% |
| Fixed assets | 21/28 | €18,857 | €17,697 | -€1,160 | -6.2% |
| Tangible fixed assets | 22/27 | €18,857 | €17,697 | -€1,160 | -6.2% |
| Plant, machinery and equipment | 23 | €4,099 | €3,492 | -€607 | -14.8% |
| Furniture and vehicles | 24 | €14,758 | €14,205 | -€553 | -3.7% |
| Current assets | 29/58 | €104,635 | €166,367 | +€61,733 | +59.0% |
| Amounts receivable within one year | 40/41 | €31,315 | €64,836 | +€33,520 | +107% |
| Trade receivables | 40 | €28,000 | - | -€28,000 | |
| Other amounts receivable | 41 | €3,315 | €64,836 | +€61,520 | +1,856% |
| Cash at bank and in hand | 54/58 | €71,649 | €99,936 | +€28,287 | +39.5% |
| Deferred charges and accrued income | 490/1 | €1,670 | €1,595 | -€75 | -4.5% |
| Total equity and liabilities | 10/49 | €123,491 | €184,064 | +€60,573 | +49.1% |
| Equity | 10/15 | €78,057 | €140,286 | +€62,229 | +79.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €70,057 | €132,286 | +€62,229 | +88.8% |
| Distributable reserves | 133 | €70,057 | €132,286 | +€62,229 | +88.8% |
| Amounts payable | 17/49 | €45,434 | €43,778 | -€1,656 | -3.6% |
| Amounts payable within one year | 42/48 | €45,434 | €43,778 | -€1,656 | -3.6% |
| Financial debts | 43 | €8 | - | -€8 | |
| Credit institutions | 430/8 | €8 | - | -€8 | |
| Trade debts | 44 | €13,941 | €958 | -€12,984 | -93.1% |
| Suppliers | 440/4 | €13,941 | €958 | -€12,984 | -93.1% |
| Taxes, remuneration and social security | 45 | €30,652 | €42,238 | +€11,586 | +37.8% |
| Taxes | 450/3 | €28,152 | €41,842 | +€13,690 | +48.6% |
| Remuneration and social security | 454/9 | €2,500 | €396 | -€2,104 | -84.2% |
| Other amounts payable | 47/48 | €833 | €583 | -€250 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,391 | €4,609 | +€2,217 | +92.7% |
| Other operating charges | 640/8 | €339 | €463 | +€124 | +36.5% |
| Gross operating margin | 9900 | €87,166 | €100,259 | +€13,092 | +15.0% |
| Operating profit (loss) | 9901 | €84,436 | €95,187 | +€10,751 | +12.7% |
| Financial income | 75/76B | €1 | €28 | +€27 | +3,336% |
| Recurring financial income | 75 | €1 | €28 | +€27 | +3,336% |
| Financial charges | 65/66B | €6,741 | €6,500 | -€241 | -3.6% |
| Recurring financial charges | 65 | €6,741 | €6,500 | -€241 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €77,695 | €88,715 | +€11,020 | +14.2% |
| Income taxes | 67/77 | €18,093 | €25,653 | +€7,560 | +41.8% |
| Profit (loss) for the period | 9904 | €59,602 | €63,062 | +€3,460 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,602 | €63,062 | +€3,460 | +5.8% |
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 22 October 2026 via checked.be.