NOY: 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.
NOY
Largest movements
- Tangible fixed assets -€82,705
down €82,705 (-15.4%), from €535,431 to €452,727
of which Other tangible fixed assets: -€56,748
- Cash -€14,936
down €14,936 (-36.6%), from €40,766 to €25,830
mainly Contributions, distributions and other (-€155,000) and Investment in fixed assets (net) (-€86,826)
- Other debts -€48,314
down €48,314 (-22.3%), from €217,107 to €168,793
- Debts after one year -€31,526
down €31,526 (-75.1%), from €41,977 to €10,451
- Current portion of long-term debt -€27,376
down €27,376 (-46.5%), from €58,902 to €31,526
- Short-term financial debts +€17,036
new in 2025: €17,036
- Trade debts -€15,765
down €15,765 (-29.4%), from €53,688 to €37,923
- Staff costs +€71,617
up €71,617 (+7.6%), from €938,407 to €1.0m
- Other operating charges -€14,935
down €14,935 (-67.8%), from €22,025 to €7,090
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 | €775,596 | €671,887 | -€103,709 | -13.4% |
| Fixed assets | 21/28 | €536,883 | €453,541 | -€83,342 | -15.5% |
| Intangible fixed assets | 21 | €1,452 | €814 | -€638 | -43.9% |
| Tangible fixed assets | 22/27 | €535,431 | €452,727 | -€82,705 | -15.4% |
| Plant, machinery and equipment | 23 | €78,188 | €66,272 | -€11,916 | -15.2% |
| Furniture and vehicles | 24 | €63,762 | €53,113 | -€10,649 | -16.7% |
| Leasing and similar rights | 25 | €15,853 | €12,462 | -€3,391 | -21.4% |
| Other tangible fixed assets | 26 | €377,628 | €320,880 | -€56,748 | -15.0% |
| Current assets | 29/58 | €238,712 | €218,346 | -€20,366 | -8.5% |
| Stocks and contracts in progress | 3 | €71,399 | €70,413 | -€986 | -1.4% |
| Stocks | 30/36 | €71,399 | €70,413 | -€986 | -1.4% |
| Amounts receivable within one year | 40/41 | €112,799 | €109,098 | -€3,701 | -3.3% |
| Trade receivables | 40 | €43,381 | €48,711 | +€5,330 | +12.3% |
| Other amounts receivable | 41 | €69,418 | €60,387 | -€9,031 | -13.0% |
| Cash at bank and in hand | 54/58 | €40,766 | €25,830 | -€14,936 | -36.6% |
| Deferred charges and accrued income | 490/1 | €13,747 | €13,004 | -€743 | -5.4% |
| Total equity and liabilities | 10/49 | €775,596 | €671,887 | -€103,709 | -13.4% |
| Equity | 10/15 | €300,807 | €300,967 | +€159 | +0.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €62,609 | €62,609 | = | 0.0% |
| Distributable reserves | 133 | €62,609 | €62,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,199 | €118,358 | +€159 | +0.1% |
| Amounts payable | 17/49 | €474,788 | €370,920 | -€103,868 | -21.9% |
| Amounts payable after more than one year | 17 | €41,977 | €10,451 | -€31,526 | -75.1% |
| Financial debts | 170/4 | €41,977 | €10,451 | -€31,526 | -75.1% |
| Amounts payable within one year | 42/48 | €432,812 | €358,117 | -€74,695 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €58,902 | €31,526 | -€27,376 | -46.5% |
| Financial debts | 43 | - | €17,036 | +€17,036 | |
| Credit institutions | 430/8 | - | €17,036 | +€17,036 | |
| Trade debts | 44 | €53,688 | €37,923 | -€15,765 | -29.4% |
| Suppliers | 440/4 | €53,688 | €37,923 | -€15,765 | -29.4% |
| Taxes, remuneration and social security | 45 | €103,116 | €102,839 | -€276 | -0.3% |
| Taxes | 450/3 | €27,637 | €32,223 | +€4,587 | +16.6% |
| Remuneration and social security | 454/9 | €75,479 | €70,616 | -€4,863 | -6.4% |
| Other amounts payable | 47/48 | €217,107 | €168,793 | -€48,314 | -22.3% |
| Accrued charges and deferred income | 492/3 | - | €2,352 | +€2,352 | |
| Remuneration, social security and pensions | 62 | €938,407 | €1,010,024 | +€71,617 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,468 | €170,168 | +€7,701 | +4.7% |
| Other operating charges | 640/8 | €22,025 | €7,090 | -€14,935 | -67.8% |
| Gross operating margin | 9900 | €1,368,378 | €1,379,630 | +€11,252 | +0.8% |
| Operating profit (loss) | 9901 | €245,479 | €192,348 | -€53,131 | -21.6% |
| Financial income | 75/76B | €6,835 | €6,757 | -€78 | -1.1% |
| Recurring financial income | 75 | €6,835 | €6,757 | -€78 | -1.1% |
| Financial charges | 65/66B | €24,661 | €28,119 | +€3,458 | +14.0% |
| Recurring financial charges | 65 | €24,661 | €28,119 | +€3,458 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €227,654 | €170,986 | -€56,667 | -24.9% |
| Income taxes | 67/77 | €9,339 | €15,827 | +€6,488 | +69.5% |
| Profit (loss) for the period | 9904 | €218,315 | €155,159 | -€63,156 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €218,315 | €155,159 | -€63,156 | -28.9% |
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.