NOXYS: 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.
NOXYS
Largest movements
- Tangible fixed assets +€206,497
up €206,497 (+19.6%), from €1.1m to €1.3m
of which Other tangible fixed assets: +€292,333
- Cash -€178,631
down €178,631 (-55.1%), from €324,004 to €145,373
mainly Current portion of long-term debt (-€573,628) and Investment in fixed assets (net) (-€280,803)
- Receivables within one year +€58,174
up €58,174 (+48.3%), from €120,504 to €178,678
of which Other amounts receivable: +€32,768
- Current portion of long-term debt -€573,628
no longer reported in 2025 (was €573,628)
- Short-term financial debts +€493,750
new in 2025: €493,750
- Reserves +€101,591
up €101,591 (+14.1%), from €719,387 to €820,978
of which Distributable reserves: +€77,648
- Other debts +€19,343
up €19,343 (+54.1%), from €35,761 to €55,104
- Profit (loss) carried forward +€19,156
no longer reported in 2025 (was -€19,156)
- Gross operating margin +€26,958
up €26,958 (+11.1%), from €242,229 to €269,187
- Taxes +€11,037
up €11,037 (+75.8%), from €14,557 to €25,594
- Other operating charges -€10,141
down €10,141 (-66.1%), from €15,344 to €5,203
- Financial charges -€8,582
down €8,582 (-21.2%), from €40,403 to €31,821
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 | €1,501,814 | €1,588,230 | +€86,416 | +5.8% |
| Fixed assets | 21/28 | €1,054,417 | €1,260,914 | +€206,497 | +19.6% |
| Tangible fixed assets | 22/27 | €1,050,917 | €1,257,414 | +€206,497 | +19.6% |
| Land and buildings | 22 | €986,405 | €850,982 | -€135,423 | -13.7% |
| Plant, machinery and equipment | 23 | €13,547 | €27,188 | +€13,641 | +100.7% |
| Furniture and vehicles | 24 | €50,965 | €86,911 | +€35,946 | +70.5% |
| Other tangible fixed assets | 26 | - | €292,333 | +€292,333 | |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €447,397 | €327,316 | -€120,081 | -26.8% |
| Amounts receivable within one year | 40/41 | €120,504 | €178,678 | +€58,174 | +48.3% |
| Trade receivables | 40 | €44,200 | €69,606 | +€25,406 | +57.5% |
| Other amounts receivable | 41 | €76,304 | €109,072 | +€32,768 | +42.9% |
| Cash at bank and in hand | 54/58 | €324,004 | €145,373 | -€178,631 | -55.1% |
| Deferred charges and accrued income | 490/1 | €2,889 | €3,265 | +€376 | +13.0% |
| Total equity and liabilities | 10/49 | €1,501,814 | €1,588,230 | +€86,416 | +5.8% |
| Equity | 10/15 | €822,331 | €943,078 | +€120,747 | +14.7% |
| Contributions | 10/11 | €122,100 | €122,100 | = | 0.0% |
| Reserves | 13 | €719,387 | €820,978 | +€101,591 | +14.1% |
| Tax-exempt reserves | 132 | - | €23,943 | +€23,943 | |
| Distributable reserves | 133 | €719,387 | €797,035 | +€77,648 | +10.8% |
| Profit (loss) carried forward | 14 | -€19,156 | - | +€19,156 | |
| Provisions and deferred taxes | 16 | - | €7,980 | +€7,980 | |
| Deferred taxes | 168 | - | €7,980 | +€7,980 | |
| Amounts payable | 17/49 | €679,483 | €637,172 | -€42,311 | -6.2% |
| Amounts payable within one year | 42/48 | €668,535 | €622,000 | -€46,535 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €573,628 | - | -€573,628 | |
| Financial debts | 43 | - | €493,750 | +€493,750 | |
| Credit institutions | 430/8 | - | €493,750 | +€493,750 | |
| Trade debts | 44 | €6,252 | €18,494 | +€12,242 | +195.8% |
| Suppliers | 440/4 | €6,252 | €18,494 | +€12,242 | +195.8% |
| Advances received on contracts in progress | 46 | - | €16,354 | +€16,354 | |
| Taxes, remuneration and social security | 45 | €52,894 | €38,298 | -€14,596 | -27.6% |
| Taxes | 450/3 | €50,225 | €38,298 | -€11,927 | -23.7% |
| Remuneration and social security | 454/9 | €2,669 | - | -€2,669 | |
| Other amounts payable | 47/48 | €35,761 | €55,104 | +€19,343 | +54.1% |
| Accrued charges and deferred income | 492/3 | €10,948 | €15,172 | +€4,224 | +38.6% |
| Non-recurring operating income | 76A | - | €80,502 | +€80,502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,072 | €74,306 | +€1,234 | +1.7% |
| Other operating charges | 640/8 | €15,344 | €5,203 | -€10,141 | -66.1% |
| Non-recurring operating charges | 66A | - | €3,584 | +€3,584 | |
| Gross operating margin | 9900 | €242,229 | €269,187 | +€26,958 | +11.1% |
| Operating profit (loss) | 9901 | €153,813 | €186,094 | +€32,281 | +21.0% |
| Financial income | 75/76B | €692 | €49 | -€643 | -92.9% |
| Recurring financial income | 75 | €692 | €49 | -€643 | -92.9% |
| Financial charges | 65/66B | €40,403 | €31,821 | -€8,582 | -21.2% |
| Recurring financial charges | 65 | €40,403 | €31,821 | -€8,582 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €114,102 | €154,322 | +€40,220 | +35.2% |
| Transfer from deferred taxes | 780 | - | €1,354 | +€1,354 | |
| Transfer to deferred taxes | 680 | - | €9,335 | +€9,335 | |
| Income taxes | 67/77 | €14,557 | €25,594 | +€11,037 | +75.8% |
| Profit (loss) for the period | 9904 | €99,545 | €120,747 | +€21,202 | +21.3% |
| Transfer from tax-exempt reserves | 789 | - | €4,062 | +€4,062 | |
| Transfer to tax-exempt reserves | 689 | - | €28,005 | +€28,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,545 | €96,804 | -€2,741 | -2.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.