NOORR: 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.
NOORR
Largest movements
- Cash -€70,357
down €70,357 (-72.1%), from €97,528 to €27,170
mainly Investment in fixed assets (net) (-€48,205) and Contributions, distributions and other (-€44,204)
- Tangible fixed assets +€37,700
up €37,700 (+826%), from €4,565 to €42,265
of which Furniture and vehicles: +€38,389
- Receivables within one year -€2,040
down €2,040 (-23.1%), from €8,840 to €6,800
of which Trade receivables: -€6,416
- Deferred charges and accrued income +€1,752
up €1,752 (+61.7%), from €2,840 to €4,592
- Profit (loss) carried forward -€25,350
down €25,350 (-57.3%), from €44,204 to €18,855
- Debts after one year -€9,318
down €9,318 (-34.1%), from €27,353 to €18,035
- Tax, wage and social debts -€3,779
down €3,779 (-40.8%), from €9,269 to €5,490
- Other debts +€1,908
up €1,908 (+178%), from €1,069 to €2,977
- Accrued charges and deferred income +€1,501
up €1,501 (+2,285%), from €66 to €1,567
- Gross operating margin -€27,512
down €27,512 (-41.1%), from €66,877 to €39,366
- Taxes -€10,386
down €10,386 (-60.5%), from €17,172 to €6,786
- Depreciation +€7,369
up €7,369 (+235%), from €3,136 to €10,505
- Financial charges +€793
up €793 (+95.9%), from €827 to €1,619
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 | €113,773 | €80,828 | -€32,944 | -29.0% |
| Fixed assets | 21/28 | €4,565 | €42,265 | +€37,700 | +826% |
| Tangible fixed assets | 22/27 | €4,565 | €42,265 | +€37,700 | +826% |
| Plant, machinery and equipment | 23 | €805 | €117 | -€688 | -85.5% |
| Furniture and vehicles | 24 | €3,760 | €42,148 | +€38,389 | +1,021% |
| Current assets | 29/58 | €109,208 | €38,563 | -€70,645 | -64.7% |
| Amounts receivable within one year | 40/41 | €8,840 | €6,800 | -€2,040 | -23.1% |
| Trade receivables | 40 | €8,612 | €2,196 | -€6,416 | -74.5% |
| Other amounts receivable | 41 | €228 | €4,604 | +€4,376 | +1,915% |
| Cash at bank and in hand | 54/58 | €97,528 | €27,170 | -€70,357 | -72.1% |
| Deferred charges and accrued income | 490/1 | €2,840 | €4,592 | +€1,752 | +61.7% |
| Total equity and liabilities | 10/49 | €113,773 | €80,828 | -€32,944 | -29.0% |
| Equity | 10/15 | €62,754 | €37,405 | -€25,350 | -40.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,204 | €18,855 | -€25,350 | -57.3% |
| Amounts payable | 17/49 | €51,018 | €43,424 | -€7,594 | -14.9% |
| Amounts payable after more than one year | 17 | €27,353 | €18,035 | -€9,318 | -34.1% |
| Financial debts | 170/4 | €27,353 | €18,035 | -€9,318 | -34.1% |
| Amounts payable within one year | 42/48 | €23,600 | €23,822 | +€222 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €7,647 | €8,612 | +€965 | +12.6% |
| Trade debts | 44 | €5,614 | €6,742 | +€1,128 | +20.1% |
| Suppliers | 440/4 | €5,614 | €6,742 | +€1,128 | +20.1% |
| Taxes, remuneration and social security | 45 | €9,269 | €5,490 | -€3,779 | -40.8% |
| Taxes | 450/3 | €9,269 | €5,490 | -€3,779 | -40.8% |
| Other amounts payable | 47/48 | €1,069 | €2,977 | +€1,908 | +178% |
| Accrued charges and deferred income | 492/3 | €66 | €1,567 | +€1,501 | +2,285% |
| Non-recurring operating income | 76A | €5,940 | - | -€5,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,136 | €10,505 | +€7,369 | +235% |
| Other operating charges | 640/8 | €1,538 | €1,605 | +€67 | +4.3% |
| Gross operating margin | 9900 | €66,877 | €39,366 | -€27,512 | -41.1% |
| Operating profit (loss) | 9901 | €62,203 | €27,256 | -€34,947 | -56.2% |
| Financial income | 75/76B | €0 | €4 | +€4 | +2,165% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +2,165% |
| Financial charges | 65/66B | €827 | €1,619 | +€793 | +95.9% |
| Recurring financial charges | 65 | €827 | €1,619 | +€793 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €61,376 | €25,640 | -€35,736 | -58.2% |
| Income taxes | 67/77 | €17,172 | €6,786 | -€10,386 | -60.5% |
| Profit (loss) for the period | 9904 | €44,204 | €18,855 | -€25,350 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,204 | €18,855 | -€25,350 | -57.3% |
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 31 October 2026 via checked.be.