Noorea: what changed
Two fiscal 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.
Noorea
Largest movements
- Cash +€105,272
up €105,272 (+21.7%), from €484,926 to €590,199
mainly Other debts (+€183,324) and Net result for the year (+€115,384)
- Receivables within one year -€27,821
down €27,821 (-53.8%), from €51,685 to €23,864
of which Trade receivables: -€28,784
- Tangible fixed assets -€12,737
down €12,737 (-50.2%), from €25,363 to €12,625
of which Furniture and vehicles: -€7,949
- Other debts +€183,324
up €183,324 (+192.6%), from €95,174 to €278,498
- Profit (loss) carried forward -€95,616
down €95,616 (-24.8%), from €385,580 to €289,964
- Tax, wage and social debts -€24,457
down €24,457 (-68.9%), from €35,522 to €11,065
- Current portion of long-term debt +€6,400
up €6,400 (+40.5%), from €15,817 to €22,217
- Gross operating margin -€51,731
down €51,731 (-24.5%), from €211,540 to €159,809
- Taxes -€14,202
down €14,202 (-30.9%), from €45,989 to €31,786
- Financial income -€2,183
down €2,183 (-46.6%), from €4,682 to €2,499
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 | €563,161 | €626,688 | +€63,526 | +11.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €25,363 | €12,625 | -€12,737 | -50.2% |
| Tangible fixed assets | 22/27 | €25,363 | €12,625 | -€12,737 | -50.2% |
| Land and buildings | 22 | €3,013 | €2,008 | -€1,004 | -33.3% |
| Furniture and vehicles | 24 | €14,781 | €6,832 | -€7,949 | -53.8% |
| Other tangible fixed assets | 26 | €7,569 | €3,785 | -€3,785 | -50.0% |
| Current assets | 29/58 | €537,799 | €614,063 | +€76,264 | +14.2% |
| Amounts receivable within one year | 40/41 | €51,685 | €23,864 | -€27,821 | -53.8% |
| Trade receivables | 40 | €51,685 | €22,901 | -€28,784 | -55.7% |
| Other amounts receivable | 41 | - | €963 | +€963 | |
| Cash at bank and in hand | 54/58 | €484,926 | €590,199 | +€105,272 | +21.7% |
| Deferred charges and accrued income | 490/1 | €1,188 | - | -€1,188 | |
| Total equity and liabilities | 10/49 | €563,161 | €626,688 | +€63,526 | +11.3% |
| Equity | 10/15 | €406,040 | €310,424 | -€95,616 | -23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €385,580 | €289,964 | -€95,616 | -24.8% |
| Amounts payable | 17/49 | €157,122 | €316,264 | +€159,142 | +101.3% |
| Amounts payable after more than one year | 17 | €7,006 | €2,084 | -€4,922 | -70.3% |
| Financial debts | 170/4 | €7,006 | €2,084 | -€4,922 | -70.3% |
| Amounts payable within one year | 42/48 | €150,116 | €314,180 | +€164,065 | +109.3% |
| Current portion of amounts payable after more than one year | 42 | €15,817 | €22,217 | +€6,400 | +40.5% |
| Trade debts | 44 | €3,602 | €2,401 | -€1,202 | -33.4% |
| Suppliers | 440/4 | €3,602 | €2,401 | -€1,202 | -33.4% |
| Taxes, remuneration and social security | 45 | €35,522 | €11,065 | -€24,457 | -68.9% |
| Taxes | 450/3 | €35,522 | €11,065 | -€24,457 | -68.9% |
| Other amounts payable | 47/48 | €95,174 | €278,498 | +€183,324 | +192.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,924 | €12,737 | -€187 | -1.4% |
| Other operating charges | 640/8 | €1,149 | €1,912 | +€763 | +66.4% |
| Gross operating margin | 9900 | €211,540 | €159,809 | -€51,731 | -24.5% |
| Operating profit (loss) | 9901 | €197,467 | €145,160 | -€52,307 | -26.5% |
| Financial income | 75/76B | €4,682 | €2,499 | -€2,183 | -46.6% |
| Recurring financial income | 75 | €4,682 | €2,499 | -€2,183 | -46.6% |
| Financial charges | 65/66B | €1,436 | €488 | -€948 | -66.0% |
| Recurring financial charges | 65 | €1,436 | €488 | -€948 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €200,713 | €147,170 | -€53,543 | -26.7% |
| Income taxes | 67/77 | €45,989 | €31,786 | -€14,202 | -30.9% |
| Profit (loss) for the period | 9904 | €154,724 | €115,384 | -€39,340 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €154,724 | €115,384 | -€39,340 | -25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.