NOSHAQ PARTNERS: 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.
NOSHAQ PARTNERS
Largest movements
- Cash +€12,983
up €12,983 (+11.7%), from €110,869 to €123,852
mainly Receivables within one year (+€12,464) and Net result for the year (+€4,409)
- Receivables within one year -€12,464
down €12,464 (-52.5%), from €23,762 to €11,298
of which Trade receivables: -€12,639
- Profit (loss) carried forward +€4,409
up €4,409 (+4.1%), from €108,583 to €112,992
- Tax, wage and social debts -€2,389
down €2,389 (-47.3%), from €5,056 to €2,666
- Trade debts -€1,501
down €1,501 (-90.8%), from €1,653 to €152
- Gross operating margin -€19,566
down €19,566 (-72.8%), from €26,894 to €7,328
- Taxes -€2,964
down €2,964 (-64.2%), from €4,616 to €1,652
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 | €134,632 | €135,150 | +€519 | +0.4% |
| Current assets | 29/58 | €134,632 | €135,150 | +€519 | +0.4% |
| Amounts receivable within one year | 40/41 | €23,762 | €11,298 | -€12,464 | -52.5% |
| Trade receivables | 40 | €23,543 | €10,903 | -€12,639 | -53.7% |
| Other amounts receivable | 41 | €220 | €395 | +€175 | +79.8% |
| Cash at bank and in hand | 54/58 | €110,869 | €123,852 | +€12,983 | +11.7% |
| Total equity and liabilities | 10/49 | €134,632 | €135,150 | +€519 | +0.4% |
| Equity | 10/15 | €116,662 | €121,071 | +€4,409 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,879 | €1,879 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,879 | €1,879 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,879 | €1,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,583 | €112,992 | +€4,409 | +4.1% |
| Amounts payable | 17/49 | €17,970 | €14,080 | -€3,890 | -21.6% |
| Amounts payable within one year | 42/48 | €17,970 | €14,080 | -€3,890 | -21.6% |
| Trade debts | 44 | €1,653 | €152 | -€1,501 | -90.8% |
| Suppliers | 440/4 | €1,653 | €152 | -€1,501 | -90.8% |
| Taxes, remuneration and social security | 45 | €5,056 | €2,666 | -€2,389 | -47.3% |
| Taxes | 450/3 | €5,056 | €2,666 | -€2,389 | -47.3% |
| Other amounts payable | 47/48 | €11,261 | €11,261 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €758 | +€758 | |
| Other operating charges | 640/8 | €969 | €795 | -€175 | -18.0% |
| Non-recurring operating charges | 66A | €8,371 | €0 | -€8,371 | -100% |
| Gross operating margin | 9900 | €26,894 | €7,328 | -€19,566 | -72.8% |
| Operating profit (loss) | 9901 | €17,554 | €6,534 | -€11,020 | -62.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €258 | €473 | +€215 | +83.3% |
| Recurring financial charges | 65 | €258 | €473 | +€215 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €17,296 | €6,061 | -€11,235 | -65.0% |
| Income taxes | 67/77 | €4,616 | €1,652 | -€2,964 | -64.2% |
| Profit (loss) for the period | 9904 | €12,680 | €4,409 | -€8,271 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,680 | €4,409 | -€8,271 | -65.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.