NOORAAP: what changed
What changed
NOORAAP
NACE 82.300, Organisation of conventions and trade shows
filed annual accounts (NBB)
Net result for the year
€257,914
2024 · €226,963+€30,952
Equity
€1.1m
2024 · €801,264+€257,914
Cash
€65,117
2024 · €52,370+€12,747
Balance sheet total
€2.6m
2024 · €2.6m+€29,591
Largest movements
Assets
- Receivables within one year +€38,336
up €38,336 (+28.2%), from €136,074 to €174,410
of which Trade receivables: +€28,990
Equity and liabilities
- Reserves +€257,914
up €257,914 (+70.1%), from €367,664 to €625,578
- Debts after one year -€190,645
down €190,645 (-20.3%), from €938,624 to €747,979
- Trade debts +€68,069
up €68,069 (+5,361%), from €1,270 to €69,339
- Other debts -€60,609
down €60,609 (-11.7%), from €519,006 to €458,397
- Tax, wage and social debts -€52,924
down €52,924 (-45.8%), from €115,443 to €62,519
of which Taxes: -€54,424
Income statement
- Financial income +€76,958
up €76,958 (+20,693%), from €372 to €77,330
- Services and other goods +€57,888
up €57,888 (+53.9%), from €107,348 to €165,236
- Other operating income +€29,778
up €29,778 (+48.1%), from €61,890 to €91,668
- Turnover -€26,092
down €26,092 (-5.8%), from €446,306 to €420,214
- Taxes -€6,982
down €6,982 (-8.2%), from €85,443 to €78,461
of which Taxes: -€6,982
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€226,963
Turnover
-€26,092
Other operating income
+€29,778
Services and other goods
-€57,888
Depreciation
-€80
Other operating charges
-€106
Financial income
+€76,958
Financial charges
+€1,400
Taxes
+€6,982
Result 2025
€257,914
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€196,356
Investment
-€750
Financing
-€182,860
Cash 2024
€52,370
From operations (derived)
+€196,356
Net result for the year
+€257,914
Depreciation
+€22,047
Receivables within one year
-€38,336
Deferred charges and accrued income
+€195
Trade debts
+€68,069
Tax, wage and social debts
-€52,924
Other debts
-€60,609
Investment (derived)
-€750
Investment in fixed assets (net)
-€750
Financing
-€182,860
Debts after one year
-€190,645
Current portion of long-term debt
+€7,786
Cash 2025
€65,117
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,558,467 | €2,588,058 | +€29,591 | +1.2% |
| Fixed assets | 21/28 | €2,368,465 | €2,347,169 | -€21,297 | -0.9% |
| Tangible fixed assets | 22/27 | €93,465 | €71,419 | -€22,047 | -23.6% |
| Plant, machinery and equipment | 23 | €22,069 | €21,774 | -€296 | -1.3% |
| Furniture and vehicles | 24 | €71,396 | €49,645 | -€21,751 | -30.5% |
| Financial fixed assets | 28 | €2,275,000 | €2,275,750 | +€750 | 0.0% |
| Affiliated companies | 280/1 | €2,275,000 | €2,275,000 | = | 0.0% |
| Participating interests | 280 | €2,275,000 | €2,275,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €750 | +€750 | |
| Amounts receivable and cash guarantees | 285/8 | - | €750 | +€750 | |
| Current assets | 29/58 | €190,002 | €240,889 | +€50,887 | +26.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €136,074 | €174,410 | +€38,336 | +28.2% |
| Trade receivables | 40 | €99,732 | €128,722 | +€28,990 | +29.1% |
| Other amounts receivable | 41 | €36,342 | €45,688 | +€9,346 | +25.7% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €52,370 | €65,117 | +€12,747 | +24.3% |
| Deferred charges and accrued income | 490/1 | €1,557 | €1,363 | -€195 | -12.5% |
| Total equity and liabilities | 10/49 | €2,558,467 | €2,588,058 | +€29,591 | +1.2% |
| Equity | 10/15 | €801,264 | €1,059,178 | +€257,914 | +32.2% |
| Contributions | 10/11 | €433,600 | €433,600 | = | 0.0% |
| Reserves | 13 | €367,664 | €625,578 | +€257,914 | +70.1% |
| Distributable reserves | 133 | €367,664 | €625,578 | +€257,914 | +70.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,757,203 | €1,528,880 | -€228,324 | -13.0% |
| Amounts payable after more than one year | 17 | €938,624 | €747,979 | -€190,645 | -20.3% |
| Financial debts | 170/4 | €938,624 | €747,979 | -€190,645 | -20.3% |
| Credit institutions | 173 | €938,624 | €747,979 | -€190,645 | -20.3% |
| Amounts payable within one year | 42/48 | €818,579 | €780,900 | -€37,678 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €182,860 | €190,645 | +€7,786 | +4.3% |
| Trade debts | 44 | €1,270 | €69,339 | +€68,069 | +5,361% |
| Suppliers | 440/4 | €1,270 | €69,339 | +€68,069 | +5,361% |
| Taxes, remuneration and social security | 45 | €115,443 | €62,519 | -€52,924 | -45.8% |
| Taxes | 450/3 | €115,443 | €61,019 | -€54,424 | -47.1% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €519,006 | €458,397 | -€60,609 | -11.7% |
| Operating income | 70/76A | €508,196 | €511,881 | +€3,686 | +0.7% |
| Turnover | 70 | €446,306 | €420,214 | -€26,092 | -5.8% |
| Other operating income | 74 | €61,890 | €91,668 | +€29,778 | +48.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €131,894 | €189,968 | +€58,074 | +44.0% |
| Services and other goods | 61 | €107,348 | €165,236 | +€57,888 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,967 | €22,047 | +€80 | +0.4% |
| Other operating charges | 640/8 | €2,579 | €2,686 | +€106 | +4.1% |
| Operating profit (loss) | 9901 | €376,302 | €321,913 | -€54,388 | -14.5% |
| Financial income | 75/76B | €372 | €77,330 | +€76,958 | +20,693% |
| Recurring financial income | 75 | €372 | €77,330 | +€76,958 | +20,693% |
| Income from financial fixed assets | 750 | - | €75,000 | +€75,000 | |
| Income from current assets | 751 | - | €2,327 | +€2,327 | |
| Other financial income | 752/9 | €372 | €3 | -€369 | -99.3% |
| Financial charges | 65/66B | €64,268 | €62,868 | -€1,400 | -2.2% |
| Recurring financial charges | 65 | €64,268 | €62,868 | -€1,400 | -2.2% |
| Debt charges | 650 | €63,509 | €62,211 | -€1,298 | -2.0% |
| Other financial charges | 652/9 | €759 | €657 | -€102 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €312,405 | €336,375 | +€23,970 | +7.7% |
| Income taxes | 67/77 | €85,443 | €78,461 | -€6,982 | -8.2% |
| Taxes | 670/3 | €85,443 | €78,461 | -€6,982 | -8.2% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €226,963 | €257,914 | +€30,952 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €226,963 | €257,914 | +€30,952 | +13.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.