NOY GROUP: what changed
NOY GROUP
Largest movements
- Cash +€46,918
up €46,918 (+289%), from €16,243 to €63,161
mainly Trade debts (+€28,824) and Tax, wage and social debts (+€23,363)
- Tangible fixed assets +€25,595
up €25,595 (+164%), from €15,603 to €41,199
of which Plant, machinery and equipment: +€23,000
- Stocks and contracts -€15,000
down €15,000 (-17.8%), from €84,500 to €69,500
- Financial fixed assets +€4,800
new in 2025: €4,800
- Receivables within one year +€3,673
new in 2025: €3,673
of which Other amounts receivable: +€3,000
- Trade debts +€28,824
up €28,824 (+111%), from €25,907 to €54,730
- Tax, wage and social debts +€23,363
up €23,363 (+315%), from €7,416 to €30,780
of which Taxes: +€12,722
- Reserves +€7,003
up €7,003 (+48.9%), from €14,335 to €21,338
- Short-term financial debts +€5,000
new in 2025: €5,000
- Staff costs +€34,778
up €34,778 (+57.7%), from €60,261 to €95,040
- Gross operating margin +€31,647
up €31,647 (+38.6%), from €81,975 to €113,622
- Depreciation +€4,843
up €4,843 (+228%), from €2,126 to €6,970
- Taxes -€1,752
down €1,752 (-48.6%), from €3,608 to €1,856
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,408 | €182,399 | +€65,991 | +56.7% |
| Fixed assets | 21/28 | €15,603 | €45,999 | +€30,395 | +195% |
| Tangible fixed assets | 22/27 | €15,603 | €41,199 | +€25,595 | +164% |
| Plant, machinery and equipment | 23 | €14,049 | €37,049 | +€23,000 | +164% |
| Furniture and vehicles | 24 | €1,555 | €1,128 | -€426 | -27.4% |
| Other tangible fixed assets | 26 | - | €3,022 | +€3,022 | |
| Financial fixed assets | 28 | - | €4,800 | +€4,800 | |
| Current assets | 29/58 | €100,805 | €136,400 | +€35,595 | +35.3% |
| Stocks and contracts in progress | 3 | €84,500 | €69,500 | -€15,000 | -17.8% |
| Stocks | 30/36 | €84,500 | €69,500 | -€15,000 | -17.8% |
| Amounts receivable within one year | 40/41 | - | €3,673 | +€3,673 | |
| Trade receivables | 40 | - | €673 | +€673 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €16,243 | €63,161 | +€46,918 | +289% |
| Deferred charges and accrued income | 490/1 | €62 | €67 | +€5 | +8.1% |
| Total equity and liabilities | 10/49 | €116,408 | €182,399 | +€65,991 | +56.7% |
| Equity | 10/15 | €24,335 | €31,338 | +€7,003 | +28.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14,335 | €21,338 | +€7,003 | +48.9% |
| Distributable reserves | 133 | €14,335 | €21,338 | +€7,003 | +48.9% |
| Amounts payable | 17/49 | €92,073 | €151,061 | +€58,988 | +64.1% |
| Amounts payable within one year | 42/48 | €92,073 | €151,061 | +€58,988 | +64.1% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €25,907 | €54,730 | +€28,824 | +111% |
| Suppliers | 440/4 | €25,907 | €54,730 | +€28,824 | +111% |
| Taxes, remuneration and social security | 45 | €7,416 | €30,780 | +€23,363 | +315% |
| Taxes | 450/3 | €4,873 | €17,594 | +€12,722 | +261% |
| Remuneration and social security | 454/9 | €2,544 | €13,185 | +€10,641 | +418% |
| Other amounts payable | 47/48 | €58,750 | €60,551 | +€1,801 | +3.1% |
| Remuneration, social security and pensions | 62 | €60,261 | €95,040 | +€34,778 | +57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,126 | €6,970 | +€4,843 | +228% |
| Other operating charges | 640/8 | €897 | €984 | +€87 | +9.6% |
| Gross operating margin | 9900 | €81,975 | €113,622 | +€31,647 | +38.6% |
| Operating profit (loss) | 9901 | €18,690 | €10,629 | -€8,061 | -43.1% |
| Financial income | 75/76B | €13 | €5 | -€8 | -60.5% |
| Recurring financial income | 75 | €13 | €5 | -€8 | -60.5% |
| Financial charges | 65/66B | €760 | €1,775 | +€1,016 | +134% |
| Recurring financial charges | 65 | €760 | €1,775 | +€1,016 | +134% |
| Profit (loss) for the period before taxes | 9903 | €17,943 | €8,858 | -€9,085 | -50.6% |
| Income taxes | 67/77 | €3,608 | €1,856 | -€1,752 | -48.6% |
| Profit (loss) for the period | 9904 | €14,335 | €7,003 | -€7,332 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,335 | €7,003 | -€7,332 | -51.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.