NOXA: 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.
NOXA
Largest movements
- Stocks and contracts -€184,434
down €184,434 (-61.9%), from €297,934 to €113,500
- Cash +€7,088
up €7,088 (+51.7%), from €13,698 to €20,786
mainly Stocks and contracts (+€184,434) and Depreciation (+€5,510)
- Tangible fixed assets -€5,510
down €5,510 (-36.9%), from €14,948 to €9,439
- Other debts -€131,581
down €131,581 (-41.3%), from €318,698 to €187,117
- Profit (loss) carried forward -€47,762
down €47,762 (-74.6%), from -€64,001 to -€111,764
- Advances received -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Trade debts +€4,830
up €4,830 (+277.9%), from €1,738 to €6,568
- Depreciation +€3,929
up €3,929 (+248.6%), from €1,581 to €5,510
- Other operating charges +€1,094
up €1,094 (+102.4%), from €1,068 to €2,162
- Financial charges -€456
down €456 (-56.4%), from €809 to €353
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 | €334,848 | €152,478 | -€182,370 | -54.5% |
| Fixed assets | 21/28 | €17,753 | €12,244 | -€5,510 | -31.0% |
| Tangible fixed assets | 22/27 | €14,948 | €9,439 | -€5,510 | -36.9% |
| Furniture and vehicles | 24 | €14,948 | €9,439 | -€5,510 | -36.9% |
| Financial fixed assets | 28 | €2,805 | €2,805 | = | 0.0% |
| Current assets | 29/58 | €317,095 | €140,234 | -€176,860 | -55.8% |
| Stocks and contracts in progress | 3 | €297,934 | €113,500 | -€184,434 | -61.9% |
| Stocks | 30/36 | €297,934 | €113,500 | -€184,434 | -61.9% |
| Amounts receivable within one year | 40/41 | €3,961 | €5,303 | +€1,342 | +33.9% |
| Trade receivables | 40 | €0 | €1,542 | +€1,542 | |
| Other amounts receivable | 41 | €3,961 | €3,761 | -€200 | -5.0% |
| Cash at bank and in hand | 54/58 | €13,698 | €20,786 | +€7,088 | +51.7% |
| Deferred charges and accrued income | 490/1 | €1,502 | €645 | -€857 | -57.0% |
| Total equity and liabilities | 10/49 | €334,848 | €152,478 | -€182,370 | -54.5% |
| Equity | 10/15 | €6,272 | -€41,491 | -€47,762 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,673 | €51,673 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €51,673 | €51,673 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,001 | -€111,764 | -€47,762 | -74.6% |
| Amounts payable | 17/49 | €328,576 | €193,969 | -€134,608 | -41.0% |
| Amounts payable within one year | 42/48 | €328,376 | €193,925 | -€134,452 | -40.9% |
| Trade debts | 44 | €1,738 | €6,568 | +€4,830 | +277.9% |
| Suppliers | 440/4 | €1,738 | €6,568 | +€4,830 | +277.9% |
| Advances received on contracts in progress | 46 | €5,000 | €0 | -€5,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,940 | €239 | -€2,700 | -91.9% |
| Taxes | 450/3 | €42 | €239 | +€197 | +470.9% |
| Remuneration and social security | 454/9 | €2,898 | €0 | -€2,898 | -100.0% |
| Other amounts payable | 47/48 | €318,698 | €187,117 | -€131,581 | -41.3% |
| Accrued charges and deferred income | 492/3 | €200 | €44 | -€156 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,581 | €5,510 | +€3,929 | +248.6% |
| Other operating charges | 640/8 | €1,068 | €2,162 | +€1,094 | +102.4% |
| Gross operating margin | 9900 | -€39,824 | -€39,540 | +€284 | +0.7% |
| Operating profit (loss) | 9901 | -€42,473 | -€47,212 | -€4,739 | -11.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €809 | €353 | -€456 | -56.4% |
| Recurring financial charges | 65 | €809 | €353 | -€456 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,282 | -€47,565 | -€4,283 | -9.9% |
| Income taxes | 67/77 | €106 | €197 | +€92 | +86.3% |
| Profit (loss) for the period | 9904 | -€43,388 | -€47,762 | -€4,375 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,388 | -€47,762 | -€4,375 | -10.1% |
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 4 October 2026 via checked.be.