NOORY: 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.
NOORY
Largest movements
- Receivables within one year -€130,260
down €130,260 (-76.1%), from €171,260 to €41,001
of which Trade receivables: -€142,597
- Stocks and contracts -€18,455
down €18,455 (-36.0%), from €51,242 to €32,787
- Cash +€14,693
up €14,693 (+237.0%), from €6,201 to €20,894
mainly Receivables within one year (+€130,260) and Stocks and contracts (+€18,455)
- Trade debts -€146,225
down €146,225 (-86.6%), from €168,779 to €22,554
- Contributions +€12,400
new in 2025: €12,400
- Debts after one year -€4,291
down €4,291 (-10.7%), from €39,957 to €35,666
- Profit (loss) carried forward +€3,092
up €3,092 (+28.8%), from €10,737 to €13,830
- Purchases and services +€118,708
up €118,708 (+16.7%), from €712,186 to €830,894
- Turnover +€108,113
up €108,113 (+14.6%), from €742,351 to €850,464
- Staff costs -€34,561
no longer reported in 2025 (was €34,561)
- Gross operating margin -€10,308
down €10,308 (-26.3%), from €39,176 to €28,868
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 | €236,743 | €100,487 | -€136,256 | -57.6% |
| Fixed assets | 21/28 | €7,441 | €5,806 | -€1,635 | -22.0% |
| Intangible fixed assets | 21 | €3,464 | €2,241 | -€1,222 | -35.3% |
| Tangible fixed assets | 22/27 | €1,278 | €865 | -€413 | -32.3% |
| Furniture and vehicles | 24 | €1,278 | €865 | -€413 | -32.3% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €229,302 | €94,681 | -€134,621 | -58.7% |
| Stocks and contracts in progress | 3 | €51,242 | €32,787 | -€18,455 | -36.0% |
| Stocks | 30/36 | €51,242 | €32,787 | -€18,455 | -36.0% |
| Amounts receivable within one year | 40/41 | €171,260 | €41,001 | -€130,260 | -76.1% |
| Trade receivables | 40 | €142,990 | €393 | -€142,597 | -99.7% |
| Other amounts receivable | 41 | €28,271 | €40,608 | +€12,337 | +43.6% |
| Cash at bank and in hand | 54/58 | €6,201 | €20,894 | +€14,693 | +237.0% |
| Deferred charges and accrued income | 490/1 | €600 | - | -€600 | |
| Total equity and liabilities | 10/49 | €236,743 | €100,487 | -€136,256 | -57.6% |
| Equity | 10/15 | €12,597 | €28,090 | +€15,492 | +123.0% |
| Contributions | 10/11 | - | €12,400 | +€12,400 | |
| 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 | €10,737 | €13,830 | +€3,092 | +28.8% |
| Amounts payable | 17/49 | €224,146 | €72,398 | -€151,748 | -67.7% |
| Amounts payable after more than one year | 17 | €39,957 | €35,666 | -€4,291 | -10.7% |
| Financial debts | 170/4 | €39,957 | €35,666 | -€4,291 | -10.7% |
| Amounts payable within one year | 42/48 | €184,190 | €36,732 | -€147,458 | -80.1% |
| Current portion of amounts payable after more than one year | 42 | €3,993 | €4,291 | +€298 | +7.4% |
| Trade debts | 44 | €168,779 | €22,554 | -€146,225 | -86.6% |
| Suppliers | 440/4 | €168,779 | €22,554 | -€146,225 | -86.6% |
| Taxes, remuneration and social security | 45 | €11,417 | €9,887 | -€1,530 | -13.4% |
| Taxes | 450/3 | €9,964 | €9,887 | -€76 | -0.8% |
| Remuneration and social security | 454/9 | €1,454 | - | -€1,454 | |
| Turnover | 70 | €742,351 | €850,464 | +€108,113 | +14.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €712,186 | €830,894 | +€118,708 | +16.7% |
| Remuneration, social security and pensions | 62 | €34,561 | - | -€34,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,597 | €1,635 | +€38 | +2.4% |
| Other operating charges | 640/8 | €9,836 | €5,475 | -€4,361 | -44.3% |
| Non-recurring operating charges | 66A | €11,937 | €4,591 | -€7,346 | -61.5% |
| Gross operating margin | 9900 | €39,176 | €28,868 | -€10,308 | -26.3% |
| Operating profit (loss) | 9901 | -€18,754 | €17,166 | +€35,921 | |
| Financial income | 75/76B | €61 | - | -€61 | |
| Recurring financial income | 75 | €61 | - | -€61 | |
| Financial charges | 65/66B | €7,280 | €9,484 | +€2,204 | +30.3% |
| Recurring financial charges | 65 | €7,280 | €9,484 | +€2,204 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,973 | €7,683 | +€33,656 | |
| Income taxes | 67/77 | - | €4,590 | +€4,590 | |
| Profit (loss) for the period | 9904 | -€25,973 | €3,092 | +€29,065 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,973 | €3,092 | +€29,065 |
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 12 October 2026 via checked.be.