NOY GROEP: 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 GROEP
Largest movements
- Tangible fixed assets +€110,893
up €110,893 (+45.4%), from €244,438 to €355,331
of which Furniture and vehicles: +€111,321
- Receivables within one year +€109,611
up €109,611 (+73.4%), from €149,279 to €258,890
of which Trade receivables: +€115,824
- Cash -€35,040
down €35,040 (-22.7%), from €154,373 to €119,333
mainly Investment in fixed assets (net) (-€223,298) and Receivables within one year (-€109,611)
- Debts after one year +€92,582
up €92,582 (+180%), from €51,491 to €144,073
- Profit (loss) carried forward +€85,378
up €85,378 (+29.5%), from €289,194 to €374,572
- Current portion of long-term debt +€38,899
up €38,899 (+88.4%), from €44,014 to €82,913
- Tax, wage and social debts -€36,047
down €36,047 (-27.8%), from €129,706 to €93,659
of which Taxes: -€23,689
- Gross operating margin +€88,949
up €88,949 (+8.9%), from €998,051 to €1.1m
- Staff costs +€51,170
up €51,170 (+6.5%), from €789,837 to €841,007
- Depreciation +€27,450
up €27,450 (+32.3%), from €84,956 to €112,405
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 | €548,091 | €733,555 | +€185,464 | +33.8% |
| Fixed assets | 21/28 | €244,438 | €355,331 | +€110,893 | +45.4% |
| Tangible fixed assets | 22/27 | €244,438 | €355,331 | +€110,893 | +45.4% |
| Plant, machinery and equipment | 23 | €1,103 | €675 | -€428 | -38.8% |
| Furniture and vehicles | 24 | €243,336 | €354,656 | +€111,321 | +45.7% |
| Current assets | 29/58 | €303,653 | €378,223 | +€74,571 | +24.6% |
| Amounts receivable within one year | 40/41 | €149,279 | €258,890 | +€109,611 | +73.4% |
| Trade receivables | 40 | €132,233 | €248,057 | +€115,824 | +87.6% |
| Other amounts receivable | 41 | €17,046 | €10,833 | -€6,213 | -36.5% |
| Cash at bank and in hand | 54/58 | €154,373 | €119,333 | -€35,040 | -22.7% |
| Total equity and liabilities | 10/49 | €548,091 | €733,555 | +€185,464 | +33.8% |
| Equity | 10/15 | €309,654 | €395,032 | +€85,378 | +27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,194 | €374,572 | +€85,378 | +29.5% |
| Amounts payable | 17/49 | €238,437 | €338,523 | +€100,085 | +42.0% |
| Amounts payable after more than one year | 17 | €51,491 | €144,073 | +€92,582 | +180% |
| Financial debts | 170/4 | €51,491 | €144,073 | +€92,582 | +180% |
| Amounts payable within one year | 42/48 | €186,947 | €187,721 | +€774 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €44,014 | €82,913 | +€38,899 | +88.4% |
| Trade debts | 44 | €13,227 | €11,149 | -€2,078 | -15.7% |
| Suppliers | 440/4 | €13,227 | €11,149 | -€2,078 | -15.7% |
| Taxes, remuneration and social security | 45 | €129,706 | €93,659 | -€36,047 | -27.8% |
| Taxes | 450/3 | €94,556 | €70,867 | -€23,689 | -25.1% |
| Remuneration and social security | 454/9 | €35,150 | €22,793 | -€12,357 | -35.2% |
| Accrued charges and deferred income | 492/3 | - | €6,729 | +€6,729 | |
| Non-recurring operating income | 76A | €2,300 | €2,900 | +€600 | +26.1% |
| Remuneration, social security and pensions | 62 | €789,837 | €841,007 | +€51,170 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,956 | €112,405 | +€27,450 | +32.3% |
| Other operating charges | 640/8 | €13,849 | €16,188 | +€2,339 | +16.9% |
| Non-recurring operating charges | 66A | €2,650 | - | -€2,650 | |
| Gross operating margin | 9900 | €998,051 | €1,087,000 | +€88,949 | +8.9% |
| Operating profit (loss) | 9901 | €106,759 | €117,399 | +€10,640 | +10.0% |
| Financial charges | 65/66B | €5,605 | €7,874 | +€2,268 | +40.5% |
| Recurring financial charges | 65 | €5,605 | €7,874 | +€2,268 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €101,154 | €109,526 | +€8,372 | +8.3% |
| Income taxes | 67/77 | €31,521 | €24,148 | -€7,374 | -23.4% |
| Profit (loss) for the period | 9904 | €69,632 | €85,378 | +€15,746 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,632 | €85,378 | +€15,746 | +22.6% |
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 19 October 2026 via checked.be.