NOPPE: 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.
NOPPE
Largest movements
- Stocks and contracts +€21,082
up €21,082 (+14.3%), from €147,500 to €168,582
- Cash +€4,058
up €4,058 (+610.6%), from €665 to €4,723
mainly Other debts (+€23,500) and Trade debts (+€7,431)
- Tangible fixed assets -€3,083
down €3,083 (-33.3%), from €9,248 to €6,165
of which Plant, machinery and equipment: -€9,248
- Other debts +€23,500
up €23,500 (+44.8%), from €52,500 to €76,000
- Profit (loss) carried forward -€11,894
down €11,894 (-16.9%), from €70,392 to €58,498
- Trade debts +€7,431
up €7,431 (+50.9%), from €14,586 to €22,016
- Gross operating margin +€14,445
up €14,445 (+67.8%), from -€21,307 to -€6,862
- Taxes -€9,375
no longer reported in 2025 (was €9,375)
- Other operating charges +€306
up €306 (+33.0%), from €928 to €1,235
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 | €157,937 | €179,793 | +€21,856 | +13.8% |
| Fixed assets | 21/28 | €9,248 | €6,165 | -€3,083 | -33.3% |
| Tangible fixed assets | 22/27 | €9,248 | €6,165 | -€3,083 | -33.3% |
| Plant, machinery and equipment | 23 | €9,248 | - | -€9,248 | |
| Furniture and vehicles | 24 | - | €6,165 | +€6,165 | |
| Current assets | 29/58 | €148,689 | €173,628 | +€24,939 | +16.8% |
| Stocks and contracts in progress | 3 | €147,500 | €168,582 | +€21,082 | +14.3% |
| Stocks | 30/36 | €147,500 | €168,582 | +€21,082 | +14.3% |
| Amounts receivable within one year | 40/41 | €525 | €324 | -€201 | -38.3% |
| Other amounts receivable | 41 | €525 | €324 | -€201 | -38.3% |
| Cash at bank and in hand | 54/58 | €665 | €4,723 | +€4,058 | +610.6% |
| Total equity and liabilities | 10/49 | €157,937 | €179,793 | +€21,856 | +13.8% |
| Equity | 10/15 | €90,852 | €78,958 | -€11,894 | -13.1% |
| 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 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €70,392 | €58,498 | -€11,894 | -16.9% |
| Amounts payable | 17/49 | €67,086 | €100,835 | +€33,750 | +50.3% |
| Amounts payable within one year | 42/48 | €67,086 | €99,335 | +€32,250 | +48.1% |
| Trade debts | 44 | €14,586 | €22,016 | +€7,431 | +50.9% |
| Suppliers | 440/4 | €14,586 | €22,016 | +€7,431 | +50.9% |
| Taxes, remuneration and social security | 45 | - | €1,319 | +€1,319 | |
| Taxes | 450/3 | - | €1,319 | +€1,319 | |
| Other amounts payable | 47/48 | €52,500 | €76,000 | +€23,500 | +44.8% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,083 | €3,083 | = | 0.0% |
| Other operating charges | 640/8 | €928 | €1,235 | +€306 | +33.0% |
| Gross operating margin | 9900 | -€21,307 | -€6,862 | +€14,445 | +67.8% |
| Operating profit (loss) | 9901 | -€25,318 | -€11,179 | +€14,139 | +55.8% |
| Financial charges | 65/66B | €856 | €715 | -€141 | -16.5% |
| Recurring financial charges | 65 | €856 | €715 | -€141 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,174 | -€11,894 | +€14,280 | +54.6% |
| Income taxes | 67/77 | €9,375 | - | -€9,375 | |
| Profit (loss) for the period | 9904 | -€35,549 | -€11,894 | +€23,655 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,549 | -€11,894 | +€23,655 | +66.5% |
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.