Noyan: what changed
Noyan
Largest movements
- Receivables within one year -€108,699
down €108,699 (-30.8%), from €352,415 to €243,716
of which Other amounts receivable: -€73,804
- Tangible fixed assets -€19,393
down €19,393 (-12.7%), from €153,245 to €133,852
of which Leasing and similar rights: -€16,200
- Cash +€17,828
up €17,828 (+563%), from €3,168 to €20,996
mainly Trade debts (+€120,276) and Receivables within one year (+€108,699)
- Profit (loss) carried forward -€176,649
down €176,649 (-460%), from -€38,418 to -€215,067
- Trade debts +€120,276
up €120,276 (+37.9%), from €316,934 to €437,210
- Tax, wage and social debts -€65,695
down €65,695 (-37.4%), from €175,454 to €109,759
of which Taxes: -€46,641
- Other debts +€19,590
new in 2025: €19,590
- Debts after one year -€12,476
down €12,476 (-29.8%), from €41,888 to €29,412
- Gross operating margin -€302,125
down €302,125 (-62.2%), from €485,516 to €183,391
- Staff costs -€196,045
down €196,045 (-41.4%), from €473,194 to €277,149
- Depreciation +€16,303
up €16,303 (+55.3%), from €29,479 to €45,782
- Taxes +€4,857
new in 2025: €4,857
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 | €527,920 | €417,656 | -€110,264 | -20.9% |
| Fixed assets | 21/28 | €172,337 | €152,943 | -€19,393 | -11.3% |
| Tangible fixed assets | 22/27 | €153,245 | €133,852 | -€19,393 | -12.7% |
| Plant, machinery and equipment | 23 | €26,769 | €19,391 | -€7,377 | -27.6% |
| Furniture and vehicles | 24 | €61,114 | €64,052 | +€2,937 | +4.8% |
| Leasing and similar rights | 25 | €63,380 | €47,180 | -€16,200 | -25.6% |
| Other tangible fixed assets | 26 | €1,982 | €3,229 | +€1,246 | +62.9% |
| Financial fixed assets | 28 | €19,092 | €19,092 | = | 0.0% |
| Current assets | 29/58 | €355,583 | €264,713 | -€90,871 | -25.6% |
| Amounts receivable within one year | 40/41 | €352,415 | €243,716 | -€108,699 | -30.8% |
| Trade receivables | 40 | €271,953 | €237,058 | -€34,895 | -12.8% |
| Other amounts receivable | 41 | €80,462 | €6,658 | -€73,804 | -91.7% |
| Cash at bank and in hand | 54/58 | €3,168 | €20,996 | +€17,828 | +563% |
| Total equity and liabilities | 10/49 | €527,920 | €417,656 | -€110,264 | -20.9% |
| Equity | 10/15 | -€17,958 | -€194,607 | -€176,649 | -984% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,418 | -€215,067 | -€176,649 | -460% |
| Amounts payable | 17/49 | €545,878 | €612,263 | +€66,385 | +12.2% |
| Amounts payable after more than one year | 17 | €41,888 | €29,412 | -€12,476 | -29.8% |
| Financial debts | 170/4 | €41,888 | €29,412 | -€12,476 | -29.8% |
| Amounts payable within one year | 42/48 | €503,990 | €582,851 | +€78,861 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €11,602 | €16,292 | +€4,690 | +40.4% |
| Trade debts | 44 | €316,934 | €437,210 | +€120,276 | +37.9% |
| Suppliers | 440/4 | €316,934 | €437,210 | +€120,276 | +37.9% |
| Taxes, remuneration and social security | 45 | €175,454 | €109,759 | -€65,695 | -37.4% |
| Taxes | 450/3 | €48,225 | €1,583 | -€46,641 | -96.7% |
| Remuneration and social security | 454/9 | €127,229 | €108,176 | -€19,054 | -15.0% |
| Other amounts payable | 47/48 | - | €19,590 | +€19,590 | |
| Remuneration, social security and pensions | 62 | €473,194 | €277,149 | -€196,045 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,479 | €45,782 | +€16,303 | +55.3% |
| Other operating charges | 640/8 | €9,052 | €8,628 | -€424 | -4.7% |
| Non-recurring operating charges | 66A | - | €4,861 | +€4,861 | |
| Gross operating margin | 9900 | €485,516 | €183,391 | -€302,125 | -62.2% |
| Operating profit (loss) | 9901 | -€26,208 | -€153,029 | -€126,821 | -484% |
| Financial income | 75/76B | €80 | €13 | -€68 | -84.4% |
| Recurring financial income | 75 | €80 | €13 | -€68 | -84.4% |
| Financial charges | 65/66B | €14,856 | €18,776 | +€3,920 | +26.4% |
| Recurring financial charges | 65 | €14,856 | €18,776 | +€3,920 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,984 | -€171,792 | -€130,808 | -319% |
| Income taxes | 67/77 | - | €4,857 | +€4,857 | |
| Profit (loss) for the period | 9904 | -€40,984 | -€176,649 | -€135,665 | -331% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,984 | -€176,649 | -€135,665 | -331% |
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.