NOOR: 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.
NOOR
Largest movements
- Tangible fixed assets -€21,574
down €21,574 (-5.0%), from €430,617 to €409,043
- Debts after one year -€29,333
down €29,333 (-7.9%), from €369,075 to €339,742
- Profit (loss) carried forward +€9,142
up €9,142 (+37.6%), from €24,339 to €33,481
- Gross operating margin +€7,650
up €7,650 (+23.0%), from €33,312 to €40,962
- Taxes +€2,080
up €2,080 (+190.0%), from €1,095 to €3,174
- Financial charges -€490
down €490 (-8.9%), from €5,520 to €5,030
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 | €433,727 | €412,960 | -€20,767 | -4.8% |
| Fixed assets | 21/28 | €430,617 | €409,043 | -€21,574 | -5.0% |
| Tangible fixed assets | 22/27 | €430,617 | €409,043 | -€21,574 | -5.0% |
| Land and buildings | 22 | €430,617 | €409,043 | -€21,574 | -5.0% |
| Current assets | 29/58 | €3,109 | €3,916 | +€807 | +26.0% |
| Cash at bank and in hand | 54/58 | €2,556 | €3,358 | +€802 | +31.4% |
| Deferred charges and accrued income | 490/1 | €554 | €559 | +€5 | +0.9% |
| Total equity and liabilities | 10/49 | €433,727 | €412,960 | -€20,767 | -4.8% |
| Equity | 10/15 | €29,339 | €38,481 | +€9,142 | +31.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,339 | €33,481 | +€9,142 | +37.6% |
| Amounts payable | 17/49 | €404,388 | €374,479 | -€29,909 | -7.4% |
| Amounts payable after more than one year | 17 | €369,075 | €339,742 | -€29,333 | -7.9% |
| Financial debts | 170/4 | €369,075 | €339,742 | -€29,333 | -7.9% |
| Amounts payable within one year | 42/48 | €35,313 | €34,737 | -€575 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €29,333 | €29,333 | = | 0.0% |
| Trade debts | 44 | €387 | €755 | +€367 | +94.8% |
| Suppliers | 440/4 | €387 | €755 | +€367 | +94.8% |
| Taxes, remuneration and social security | 45 | €95 | €674 | +€580 | +613.5% |
| Taxes | 450/3 | €95 | €674 | +€580 | +613.5% |
| Other amounts payable | 47/48 | €5,497 | €3,975 | -€1,522 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,574 | €21,574 | = | 0.0% |
| Other operating charges | 640/8 | €1,982 | €2,042 | +€61 | +3.1% |
| Gross operating margin | 9900 | €33,312 | €40,962 | +€7,650 | +23.0% |
| Operating profit (loss) | 9901 | €9,757 | €17,346 | +€7,589 | +77.8% |
| Financial charges | 65/66B | €5,520 | €5,030 | -€490 | -8.9% |
| Recurring financial charges | 65 | €5,520 | €5,030 | -€490 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €4,237 | €12,316 | +€8,079 | +190.7% |
| Income taxes | 67/77 | €1,095 | €3,174 | +€2,080 | +190.0% |
| Profit (loss) for the period | 9904 | €3,142 | €9,142 | +€6,000 | +190.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,142 | €9,142 | +€6,000 | +190.9% |
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 12 October 2026 via checked.be.