NOON ART: 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.
NOON ART
Largest movements
- Cash +€6,728
up €6,728 (+1,921%), from €350 to €7,078
mainly Net result for the year (+€8,181) and Tax, wage and social debts (+€4,095)
- Receivables within one year -€1,101
down €1,101 (-25.3%), from €4,349 to €3,247
of which Other amounts receivable: -€1,079
- Deferred charges and accrued income -€800
down €800 (-6.2%), from €12,902 to €12,102
- Tax, wage and social debts +€4,095
up €4,095 (+148%), from €2,759 to €6,853
- Reserves +€2,431
up €2,431 (+11.4%), from €21,336 to €23,767
- Other debts -€1,484
down €1,484 (-89.6%), from €1,656 to €172
- Trade debts -€387
no longer reported in 2025 (was €387)
- Gross operating margin +€3,676
up €3,676 (+34.4%), from €10,686 to €14,362
- Taxes +€1,015
up €1,015 (+36.8%), from €2,759 to €3,774
- Other operating charges +€717
up €717 (+1,156%), from €62 to €779
- Depreciation +€445
up €445 (+39.9%), from €1,115 to €1,560
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 | €28,638 | €33,292 | +€4,654 | +16.3% |
| Fixed assets | 21/28 | €11,037 | €10,865 | -€172 | -1.6% |
| Tangible fixed assets | 22/27 | €11,037 | €10,865 | -€172 | -1.6% |
| Plant, machinery and equipment | 23 | €2,130 | €1,689 | -€442 | -20.7% |
| Furniture and vehicles | 24 | €8,907 | €9,176 | +€270 | +3.0% |
| Current assets | 29/58 | €17,601 | €22,427 | +€4,826 | +27.4% |
| Amounts receivable within one year | 40/41 | €4,349 | €3,247 | -€1,101 | -25.3% |
| Trade receivables | 40 | €3,269 | €3,247 | -€22 | -0.7% |
| Other amounts receivable | 41 | €1,079 | - | -€1,079 | |
| Cash at bank and in hand | 54/58 | €350 | €7,078 | +€6,728 | +1,921% |
| Deferred charges and accrued income | 490/1 | €12,902 | €12,102 | -€800 | -6.2% |
| Total equity and liabilities | 10/49 | €28,638 | €33,292 | +€4,654 | +16.3% |
| Equity | 10/15 | €23,836 | €26,267 | +€2,431 | +10.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €21,336 | €23,767 | +€2,431 | +11.4% |
| Distributable reserves | 133 | €21,336 | €23,767 | +€2,431 | +11.4% |
| Amounts payable | 17/49 | €4,802 | €7,025 | +€2,223 | +46.3% |
| Amounts payable within one year | 42/48 | €4,802 | €7,025 | +€2,223 | +46.3% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | €2,759 | €6,853 | +€4,095 | +148% |
| Taxes | 450/3 | €2,759 | €6,853 | +€4,095 | +148% |
| Other amounts payable | 47/48 | €1,656 | €172 | -€1,484 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,115 | €1,560 | +€445 | +39.9% |
| Other operating charges | 640/8 | €62 | €779 | +€717 | +1,156% |
| Gross operating margin | 9900 | €10,686 | €14,362 | +€3,676 | +34.4% |
| Operating profit (loss) | 9901 | €9,510 | €12,024 | +€2,514 | +26.4% |
| Financial charges | 65/66B | €200 | €69 | -€132 | -65.7% |
| Recurring financial charges | 65 | €200 | €69 | -€132 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €9,309 | €11,955 | +€2,645 | +28.4% |
| Income taxes | 67/77 | €2,759 | €3,774 | +€1,015 | +36.8% |
| Profit (loss) for the period | 9904 | €6,550 | €8,181 | +€1,631 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,550 | €8,181 | +€1,631 | +24.9% |
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.