NOOP: 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.
NOOP
Largest movements
- Current investments -€24,600
down €24,600 (-58.6%), from €42,004 to €17,404
- Cash +€14,023
up €14,023 (+48.3%), from €29,046 to €43,069
mainly Other debts (+€63,229) and Net result for the year (+€52,219)
- Receivables within one year +€5,535
up €5,535 (+10.5%), from €52,762 to €58,297
of which Trade receivables: +€2,992
- Tangible fixed assets -€3,475
down €3,475 (-17.7%), from €19,581 to €16,105
of which Other tangible fixed assets: -€2,049
- Reserves -€79,558
down €79,558 (-57.7%), from €137,793 to €58,235
- Other debts +€63,229
up €63,229 (+1103465.1%), from €6 to €63,234
- Tax, wage and social debts +€5,074
up €5,074 (+92.9%), from €5,465 to €10,539
- Trade debts +€2,547
up €2,547 (+302.7%), from €841 to €3,389
- Financial income -€9,951
down €9,951 (-92.0%), from €10,817 to €866
- Gross operating margin -€8,403
down €8,403 (-9.4%), from €89,421 to €81,018
- Financial charges +€3,133
up €3,133 (+64.0%), from €4,898 to €8,031
- Taxes -€1,303
down €1,303 (-7.3%), from €17,837 to €16,534
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 | €162,655 | €153,948 | -€8,708 | -5.4% |
| Fixed assets | 21/28 | €19,581 | €16,105 | -€3,475 | -17.7% |
| Tangible fixed assets | 22/27 | €19,581 | €16,105 | -€3,475 | -17.7% |
| Plant, machinery and equipment | 23 | €1,255 | €437 | -€818 | -65.2% |
| Furniture and vehicles | 24 | €5,138 | €4,530 | -€608 | -11.8% |
| Other tangible fixed assets | 26 | €13,188 | €11,139 | -€2,049 | -15.5% |
| Current assets | 29/58 | €143,075 | €137,842 | -€5,233 | -3.7% |
| Amounts receivable after more than one year | 29 | €17,452 | €16,902 | -€550 | -3.2% |
| Other amounts receivable | 291 | €17,452 | €16,902 | -€550 | -3.2% |
| Amounts receivable within one year | 40/41 | €52,762 | €58,297 | +€5,535 | +10.5% |
| Trade receivables | 40 | €40,565 | €43,557 | +€2,992 | +7.4% |
| Other amounts receivable | 41 | €12,197 | €14,740 | +€2,543 | +20.8% |
| Current investments | 50/53 | €42,004 | €17,404 | -€24,600 | -58.6% |
| Cash at bank and in hand | 54/58 | €29,046 | €43,069 | +€14,023 | +48.3% |
| Deferred charges and accrued income | 490/1 | €1,811 | €2,171 | +€360 | +19.9% |
| Total equity and liabilities | 10/49 | €162,655 | €153,948 | -€8,708 | -5.4% |
| Equity | 10/15 | €156,343 | €76,785 | -€79,558 | -50.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €137,793 | €58,235 | -€79,558 | -57.7% |
| Distributable reserves | 133 | €137,793 | €58,235 | -€79,558 | -57.7% |
| Amounts payable | 17/49 | €6,312 | €77,162 | +€70,850 | +1122.5% |
| Amounts payable within one year | 42/48 | €6,312 | €77,162 | +€70,850 | +1122.5% |
| Trade debts | 44 | €841 | €3,389 | +€2,547 | +302.7% |
| Suppliers | 440/4 | €841 | €3,389 | +€2,547 | +302.7% |
| Taxes, remuneration and social security | 45 | €5,465 | €10,539 | +€5,074 | +92.9% |
| Taxes | 450/3 | €5,465 | €10,539 | +€5,074 | +92.9% |
| Other amounts payable | 47/48 | €6 | €63,234 | +€63,229 | +1103465.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,879 | €3,475 | -€403 | -10.4% |
| Other operating charges | 640/8 | €1,557 | €1,625 | +€68 | +4.4% |
| Gross operating margin | 9900 | €89,421 | €81,018 | -€8,403 | -9.4% |
| Operating profit (loss) | 9901 | €83,986 | €75,918 | -€8,068 | -9.6% |
| Financial income | 75/76B | €10,817 | €866 | -€9,951 | -92.0% |
| Recurring financial income | 75 | €10,817 | €866 | -€9,951 | -92.0% |
| Financial charges | 65/66B | €4,898 | €8,031 | +€3,133 | +64.0% |
| Recurring financial charges | 65 | €4,898 | €8,031 | +€3,133 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | €89,906 | €68,753 | -€21,153 | -23.5% |
| Income taxes | 67/77 | €17,837 | €16,534 | -€1,303 | -7.3% |
| Profit (loss) for the period | 9904 | €72,069 | €52,219 | -€19,850 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,069 | €52,219 | -€19,850 | -27.5% |
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 12 October 2026 via checked.be.