NOUR-CHAAM: 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.
NOUR-CHAAM
Largest movements
- Receivables within one year +€425,587
up €425,587 (+181%), from €235,307 to €660,894
of which Trade receivables: +€240,783
- Cash -€74,208
down €74,208 (-38.9%), from €190,676 to €116,468
mainly Receivables within one year (-€425,587) and Advances received (-€50,000)
- Trade debts +€402,285
up €402,285 (+626%), from €64,221 to €466,506
- Advances received -€50,000
no longer reported in 2025 (was €50,000)
- Tax, wage and social debts +€27,666
up €27,666 (+15.0%), from €184,525 to €212,192
of which Remuneration and social security: +€27,666
- Profit (loss) carried forward -€20,134
down €20,134 (-16.6%), from €121,018 to €100,884
- Other debts -€8,278
down €8,278 (-27.9%), from €29,713 to €21,436
- Gross operating margin -€152,279
down €152,279 (-61.7%), from €246,807 to €94,528
- Taxes +€33,903
new in 2025: €33,903
- Staff costs +€7,767
up €7,767 (+21.7%), from €35,721 to €43,488
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 | €466,428 | €817,967 | +€351,540 | +75.4% |
| Fixed assets | 21/28 | €37,391 | €37,542 | +€151 | +0.4% |
| Tangible fixed assets | 22/27 | €36,371 | €36,522 | +€151 | +0.4% |
| Plant, machinery and equipment | 23 | - | €8,586 | +€8,586 | |
| Furniture and vehicles | 24 | €36,371 | €25,564 | -€10,806 | -29.7% |
| Other tangible fixed assets | 26 | - | €2,371 | +€2,371 | |
| Financial fixed assets | 28 | €1,021 | €1,021 | = | 0.0% |
| Current assets | 29/58 | €429,036 | €780,425 | +€351,389 | +81.9% |
| Amounts receivable within one year | 40/41 | €235,307 | €660,894 | +€425,587 | +181% |
| Trade receivables | 40 | €213,309 | €454,091 | +€240,783 | +113% |
| Other amounts receivable | 41 | €21,998 | €206,803 | +€184,805 | +840% |
| Cash at bank and in hand | 54/58 | €190,676 | €116,468 | -€74,208 | -38.9% |
| Deferred charges and accrued income | 490/1 | €3,054 | €3,064 | +€10 | +0.3% |
| Total equity and liabilities | 10/49 | €466,428 | €817,967 | +€351,540 | +75.4% |
| Equity | 10/15 | €137,968 | €117,834 | -€20,134 | -14.6% |
| Contributions | 10/11 | €16,950 | €16,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,018 | €100,884 | -€20,134 | -16.6% |
| Amounts payable | 17/49 | €328,459 | €700,133 | +€371,674 | +113% |
| Amounts payable within one year | 42/48 | €328,459 | €700,133 | +€371,674 | +113% |
| Trade debts | 44 | €64,221 | €466,506 | +€402,285 | +626% |
| Suppliers | 440/4 | €64,221 | €466,506 | +€402,285 | +626% |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €184,525 | €212,192 | +€27,666 | +15.0% |
| Taxes | 450/3 | €1,331 | €1,331 | = | 0.0% |
| Remuneration and social security | 454/9 | €183,194 | €210,860 | +€27,666 | +15.1% |
| Other amounts payable | 47/48 | €29,713 | €21,436 | -€8,278 | -27.9% |
| Remuneration, social security and pensions | 62 | €35,721 | €43,488 | +€7,767 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,056 | €12,847 | +€791 | +6.6% |
| Other operating charges | 640/8 | €1,235 | €2,454 | +€1,219 | +98.7% |
| Non-recurring operating charges | 66A | - | €240 | +€240 | |
| Gross operating margin | 9900 | €246,807 | €94,528 | -€152,279 | -61.7% |
| Operating profit (loss) | 9901 | €197,794 | €35,498 | -€162,296 | -82.1% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €950 | €1,758 | +€808 | +85.1% |
| Recurring financial charges | 65 | €766 | €1,758 | +€992 | +130% |
| Non-recurring financial charges | 66B | €184 | - | -€184 | |
| Profit (loss) for the period before taxes | 9903 | €196,844 | €33,769 | -€163,076 | -82.8% |
| Income taxes | 67/77 | - | €33,903 | +€33,903 | |
| Profit (loss) for the period | 9904 | €196,844 | -€134 | -€196,979 | |
| Profit (loss) for the period to be appropriated | 9905 | €196,844 | -€134 | -€196,979 |
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 30 October 2026 via checked.be.