Noori: 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.
Noori
Largest movements
- Tangible fixed assets +€33,399
up €33,399 (+691.3%), from €4,832 to €38,231
of which Plant, machinery and equipment: +€34,259
- Stocks and contracts -€6,951
down €6,951 (-31.9%), from €21,773 to €14,822
- Intangible fixed assets -€2,000
down €2,000 (-20.0%), from €9,995 to €7,995
- Cash +€1,984
up €1,984 (+775.4%), from €256 to €2,240
mainly Other debts (+€12,405) and Trade debts (+€10,466)
- Financial fixed assets +€1,635
up €1,635 (+35.6%), from €4,596 to €6,231
- Other debts +€12,405
up €12,405 (+545.1%), from €2,276 to €14,681
- Trade debts +€10,466
up €10,466 (+25.7%), from €40,732 to €51,198
- Tax, wage and social debts +€2,955
up €2,955 (+70.3%), from €4,206 to €7,161
of which Taxes: +€2,070
- Staff costs +€5,619
up €5,619 (+468.4%), from €1,200 to €6,819
- Other operating charges -€5,237
down €5,237 (-66.7%), from €7,849 to €2,612
- Depreciation +€5,164
up €5,164 (+628.7%), from €821 to €5,986
- Gross operating margin +€4,117
up €4,117 (+31.4%), from €13,110 to €17,226
- Taxes -€1,931
down €1,931 (-84.2%), from €2,293 to €362
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 | €48,173 | €74,638 | +€26,465 | +54.9% |
| Fixed assets | 21/28 | €19,422 | €52,456 | +€33,034 | +170.1% |
| Intangible fixed assets | 21 | €9,995 | €7,995 | -€2,000 | -20.0% |
| Tangible fixed assets | 22/27 | €4,832 | €38,231 | +€33,399 | +691.3% |
| Plant, machinery and equipment | 23 | - | €34,259 | +€34,259 | |
| Furniture and vehicles | 24 | €4,832 | €3,972 | -€860 | -17.8% |
| Financial fixed assets | 28 | €4,596 | €6,231 | +€1,635 | +35.6% |
| Current assets | 29/58 | €28,751 | €22,182 | -€6,569 | -22.8% |
| Stocks and contracts in progress | 3 | €21,773 | €14,822 | -€6,951 | -31.9% |
| Stocks | 30/36 | €21,773 | €14,822 | -€6,951 | -31.9% |
| Amounts receivable within one year | 40/41 | €5,097 | €3,496 | -€1,602 | -31.4% |
| Trade receivables | 40 | €1,583 | €2,188 | +€605 | +38.2% |
| Other amounts receivable | 41 | €3,515 | €1,308 | -€2,207 | -62.8% |
| Cash at bank and in hand | 54/58 | €256 | €2,240 | +€1,984 | +775.4% |
| Deferred charges and accrued income | 490/1 | €1,624 | €1,624 | = | 0.0% |
| Total equity and liabilities | 10/49 | €48,173 | €74,638 | +€26,465 | +54.9% |
| Equity | 10/15 | €960 | €1,598 | +€639 | +66.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €460 | €1,098 | +€639 | +139.0% |
| Amounts payable | 17/49 | €47,213 | €73,040 | +€25,827 | +54.7% |
| Amounts payable within one year | 42/48 | €47,213 | €73,040 | +€25,827 | +54.7% |
| Trade debts | 44 | €40,732 | €51,198 | +€10,466 | +25.7% |
| Suppliers | 440/4 | €40,732 | €51,198 | +€10,466 | +25.7% |
| Taxes, remuneration and social security | 45 | €4,206 | €7,161 | +€2,955 | +70.3% |
| Taxes | 450/3 | €2,293 | €4,363 | +€2,070 | +90.3% |
| Remuneration and social security | 454/9 | €1,913 | €2,798 | +€885 | +46.3% |
| Other amounts payable | 47/48 | €2,276 | €14,681 | +€12,405 | +545.1% |
| Remuneration, social security and pensions | 62 | €1,200 | €6,819 | +€5,619 | +468.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | €5,986 | +€5,164 | +628.7% |
| Other operating charges | 640/8 | €7,849 | €2,612 | -€5,237 | -66.7% |
| Gross operating margin | 9900 | €13,110 | €17,226 | +€4,117 | +31.4% |
| Operating profit (loss) | 9901 | €3,240 | €1,810 | -€1,430 | -44.1% |
| Financial income | 75/76B | €0 | €20 | +€20 | +199900.0% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +199900.0% |
| Financial charges | 65/66B | €487 | €829 | +€342 | +70.2% |
| Recurring financial charges | 65 | €487 | €829 | +€342 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €2,752 | €1,000 | -€1,752 | -63.7% |
| Income taxes | 67/77 | €2,293 | €362 | -€1,931 | -84.2% |
| Profit (loss) for the period | 9904 | €460 | €639 | +€179 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €460 | €639 | +€179 | +39.0% |
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 7 October 2026 via checked.be.