Noor Solutions: 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 Solutions
Largest movements
- Receivables within one year +€31,508
up €31,508 (+76.2%), from €41,347 to €72,856
of which Trade receivables: +€40,480
- Tangible fixed assets +€17,989
up €17,989 (+727%), from €2,474 to €20,462
of which Furniture and vehicles: +€16,467
- Receivables after one year +€9,000
new in 2025: €9,000
- Cash -€7,599
down €7,599 (-22.9%), from €33,240 to €25,641
mainly Receivables within one year (-€31,508) and Investment in fixed assets (net) (-€21,804)
- Reserves +€90,000
new in 2025: €90,000
- Profit (loss) carried forward -€45,022
down €45,022 (-96.0%), from €46,876 to €1,854
- Tax, wage and social debts +€6,582
up €6,582 (+26.1%), from €25,255 to €31,837
- Gross operating margin +€25,657
up €25,657 (+43.3%), from €59,187 to €84,844
- Staff costs +€19,768
new in 2025: €19,768
- Depreciation +€2,507
up €2,507 (+192%), from €1,308 to €3,815
- Taxes +€1,415
up €1,415 (+12.1%), from €11,707 to €13,122
- Other operating charges -€961
down €961 (-56.0%), from €1,717 to €756
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 | €77,061 | €127,959 | +€50,898 | +66.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,474 | €20,462 | +€17,989 | +727% |
| Tangible fixed assets | 22/27 | €2,474 | €20,462 | +€17,989 | +727% |
| Land and buildings | 22 | - | €1,521 | +€1,521 | |
| Furniture and vehicles | 24 | €2,474 | €18,941 | +€16,467 | +666% |
| Current assets | 29/58 | €74,587 | €107,496 | +€32,909 | +44.1% |
| Amounts receivable after more than one year | 29 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 291 | - | €9,000 | +€9,000 | |
| Amounts receivable within one year | 40/41 | €41,347 | €72,856 | +€31,508 | +76.2% |
| Trade receivables | 40 | €29,591 | €70,071 | +€40,480 | +137% |
| Other amounts receivable | 41 | €11,756 | €2,784 | -€8,972 | -76.3% |
| Cash at bank and in hand | 54/58 | €33,240 | €25,641 | -€7,599 | -22.9% |
| Total equity and liabilities | 10/49 | €77,061 | €127,959 | +€50,898 | +66.0% |
| Equity | 10/15 | €49,876 | €94,854 | +€44,978 | +90.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €90,000 | +€90,000 | |
| Distributable reserves | 133 | - | €90,000 | +€90,000 | |
| Profit (loss) carried forward | 14 | €46,876 | €1,854 | -€45,022 | -96.0% |
| Amounts payable | 17/49 | €27,185 | €33,105 | +€5,920 | +21.8% |
| Amounts payable within one year | 42/48 | €27,185 | €33,105 | +€5,920 | +21.8% |
| Trade debts | 44 | €1,930 | €1,268 | -€662 | -34.3% |
| Suppliers | 440/4 | €1,930 | €1,268 | -€662 | -34.3% |
| Taxes, remuneration and social security | 45 | €25,255 | €31,837 | +€6,582 | +26.1% |
| Taxes | 450/3 | €25,255 | €31,837 | +€6,582 | +26.1% |
| Remuneration, social security and pensions | 62 | - | €19,768 | +€19,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,308 | €3,815 | +€2,507 | +192% |
| Other operating charges | 640/8 | €1,717 | €756 | -€961 | -56.0% |
| Non-recurring operating charges | 66A | €4,750 | - | -€4,750 | |
| Gross operating margin | 9900 | €59,187 | €84,844 | +€25,657 | +43.3% |
| Operating profit (loss) | 9901 | €51,412 | €60,505 | +€9,093 | +17.7% |
| Financial income | 75/76B | €420 | €10 | -€411 | -97.7% |
| Recurring financial income | 75 | €420 | €10 | -€411 | -97.7% |
| Financial charges | 65/66B | €1,812 | €2,416 | +€604 | +33.3% |
| Recurring financial charges | 65 | €1,812 | €2,416 | +€604 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €50,021 | €58,099 | +€8,078 | +16.1% |
| Income taxes | 67/77 | €11,707 | €13,122 | +€1,415 | +12.1% |
| Profit (loss) for the period | 9904 | €38,315 | €44,978 | +€6,663 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,315 | €44,978 | +€6,663 | +17.4% |
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 21 October 2026 via checked.be.