NOUGA: 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.
NOUGA
Largest movements
- Tangible fixed assets -€14,591
down €14,591 (-29.1%), from €50,203 to €35,611
of which Other tangible fixed assets: -€9,414
- Cash -€9,603
down €9,603 (-7.2%), from €134,196 to €124,592
mainly Contributions, distributions and other (-€39,487) and Other debts (-€28,870)
- Receivables within one year +€2,116
up €2,116 (+51.4%), from €4,115 to €6,231
of which Other amounts receivable: +€2,616
- Other debts -€28,870
down €28,870 (-42.2%), from €68,358 to €39,487
- Tax, wage and social debts +€12,376
up €12,376 (+50.5%), from €24,524 to €36,900
of which Remuneration and social security: +€11,304
- Trade debts -€4,722
down €4,722 (-99.0%), from €4,769 to €47
- Staff costs +€59,828
up €59,828 (+26.5%), from €225,399 to €285,228
- Gross operating margin +€25,974
up €25,974 (+7.6%), from €340,217 to €366,192
- Taxes -€7,194
down €7,194 (-37.0%), from €19,463 to €12,269
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 | €209,365 | €188,149 | -€21,216 | -10.1% |
| Fixed assets | 21/28 | €53,364 | €38,773 | -€14,591 | -27.3% |
| Tangible fixed assets | 22/27 | €50,203 | €35,611 | -€14,591 | -29.1% |
| Plant, machinery and equipment | 23 | €13,922 | €14,793 | +€871 | +6.3% |
| Furniture and vehicles | 24 | €26,678 | €20,629 | -€6,048 | -22.7% |
| Other tangible fixed assets | 26 | €9,603 | €189 | -€9,414 | -98.0% |
| Financial fixed assets | 28 | €3,162 | €3,162 | = | 0.0% |
| Current assets | 29/58 | €156,001 | €149,376 | -€6,625 | -4.2% |
| Stocks and contracts in progress | 3 | €17,690 | €16,779 | -€911 | -5.2% |
| Stocks | 30/36 | €17,690 | €16,779 | -€911 | -5.2% |
| Amounts receivable within one year | 40/41 | €4,115 | €6,231 | +€2,116 | +51.4% |
| Trade receivables | 40 | €1,000 | €500 | -€500 | -50.0% |
| Other amounts receivable | 41 | €3,115 | €5,731 | +€2,616 | +84.0% |
| Cash at bank and in hand | 54/58 | €134,196 | €124,592 | -€9,603 | -7.2% |
| Deferred charges and accrued income | 490/1 | - | €1,774 | +€1,774 | |
| Total equity and liabilities | 10/49 | €209,365 | €188,149 | -€21,216 | -10.1% |
| Equity | 10/15 | €111,109 | €111,109 | = | 0.0% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €52,509 | €52,509 | = | 0.0% |
| Distributable reserves | 133 | €52,509 | €52,509 | = | 0.0% |
| Amounts payable | 17/49 | €98,255 | €77,040 | -€21,216 | -21.6% |
| Amounts payable within one year | 42/48 | €98,255 | €77,040 | -€21,216 | -21.6% |
| Trade debts | 44 | €4,769 | €47 | -€4,722 | -99.0% |
| Suppliers | 440/4 | €4,769 | €47 | -€4,722 | -99.0% |
| Advances received on contracts in progress | 46 | €605 | €605 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,524 | €36,900 | +€12,376 | +50.5% |
| Taxes | 450/3 | €17,860 | €18,932 | +€1,072 | +6.0% |
| Remuneration and social security | 454/9 | €6,664 | €17,968 | +€11,304 | +169.6% |
| Other amounts payable | 47/48 | €68,358 | €39,487 | -€28,870 | -42.2% |
| Remuneration, social security and pensions | 62 | €225,399 | €285,228 | +€59,828 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,117 | €24,295 | +€1,178 | +5.1% |
| Other operating charges | 640/8 | €2,231 | €2,006 | -€226 | -10.1% |
| Gross operating margin | 9900 | €340,217 | €366,192 | +€25,974 | +7.6% |
| Operating profit (loss) | 9901 | €89,470 | €54,663 | -€34,807 | -38.9% |
| Financial income | 75/76B | €560 | €0 | -€560 | -100.0% |
| Recurring financial income | 75 | €560 | €0 | -€560 | -100.0% |
| Financial charges | 65/66B | €2,209 | €2,906 | +€698 | +31.6% |
| Recurring financial charges | 65 | €2,209 | €2,906 | +€698 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €87,821 | €51,757 | -€36,064 | -41.1% |
| Income taxes | 67/77 | €19,463 | €12,269 | -€7,194 | -37.0% |
| Profit (loss) for the period | 9904 | €68,358 | €39,487 | -€28,870 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,358 | €39,487 | -€28,870 | -42.2% |
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 11 October 2026 via checked.be.