NOUR MC: 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 MC
Largest movements
- Tangible fixed assets -€10,676
down €10,676 (-2.9%), from €367,115 to €356,439
of which Plant, machinery and equipment: -€6,117
- Cash +€9,491
up €9,491 (+52.4%), from €18,129 to €27,619
mainly Net result for the year (+€18,880) and Depreciation (+€11,758)
- Debts after one year -€21,096
down €21,096 (-6.0%), from €352,345 to €331,249
of which Financial debts: -€22,096
- Profit (loss) carried forward +€18,880
up €18,880, from -€3,537 to €15,344
- Gross operating margin +€13,253
up €13,253 (+39.4%), from €33,605 to €46,858
- Other operating charges -€7,372
down €7,372 (-94.9%), from €7,772 to €400
- Depreciation -€4,328
down €4,328 (-26.9%), from €16,085 to €11,758
- Financial charges +€2,532
up €2,532 (+19.1%), from €13,288 to €15,820
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 | €385,322 | €387,580 | +€2,258 | +0.6% |
| Fixed assets | 21/28 | €367,115 | €356,439 | -€10,676 | -2.9% |
| Tangible fixed assets | 22/27 | €367,115 | €356,439 | -€10,676 | -2.9% |
| Land and buildings | 22 | €191,534 | €187,507 | -€4,027 | -2.1% |
| Plant, machinery and equipment | 23 | €171,739 | €165,622 | -€6,117 | -3.6% |
| Furniture and vehicles | 24 | €3,842 | €3,310 | -€532 | -13.8% |
| Current assets | 29/58 | €18,207 | €31,141 | +€12,934 | +71.0% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €18,129 | €27,619 | +€9,491 | +52.4% |
| Deferred charges and accrued income | 490/1 | €79 | €522 | +€443 | +564.3% |
| Total equity and liabilities | 10/49 | €385,322 | €387,580 | +€2,258 | +0.6% |
| Equity | 10/15 | €6,463 | €25,344 | +€18,880 | +292.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,537 | €15,344 | +€18,880 | |
| Amounts payable | 17/49 | €378,859 | €362,236 | -€16,623 | -4.4% |
| Amounts payable after more than one year | 17 | €352,345 | €331,249 | -€21,096 | -6.0% |
| Financial debts | 170/4 | €351,345 | €329,249 | -€22,096 | -6.3% |
| Other amounts payable | 178/9 | €1,000 | €2,000 | +€1,000 | +100.0% |
| Amounts payable within one year | 42/48 | €26,514 | €30,487 | +€3,973 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €21,705 | €23,037 | +€1,332 | +6.1% |
| Trade debts | 44 | €617 | €3,024 | +€2,407 | +390.3% |
| Suppliers | 440/4 | €617 | €3,024 | +€2,407 | +390.3% |
| Other amounts payable | 47/48 | €4,192 | €4,425 | +€233 | +5.6% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,085 | €11,758 | -€4,328 | -26.9% |
| Other operating charges | 640/8 | €7,772 | €400 | -€7,372 | -94.9% |
| Gross operating margin | 9900 | €33,605 | €46,858 | +€13,253 | +39.4% |
| Operating profit (loss) | 9901 | €9,748 | €34,701 | +€24,952 | +256.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.3% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.3% |
| Financial charges | 65/66B | €13,288 | €15,820 | +€2,532 | +19.1% |
| Recurring financial charges | 65 | €13,288 | €15,820 | +€2,532 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,537 | €18,880 | +€22,417 | |
| Profit (loss) for the period | 9904 | -€3,537 | €18,880 | +€22,417 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,537 | €18,880 | +€22,417 |
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.