Noyen Class: 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.
Noyen Class
Largest movements
- Cash +€31,624
up €31,624 (+119.9%), from €26,375 to €57,998
mainly Net result for the year (+€38,058) and Other debts (+€17,054)
- Receivables within one year +€22,395
up €22,395 (+1617.0%), from €1,385 to €23,780
of which Trade receivables: +€20,838
- Stocks and contracts -€14,010
down €14,010 (-35.6%), from €39,304 to €25,294
of which Contracts in progress: -€9,885
- Tangible fixed assets -€5,711
down €5,711 (-36.3%), from €15,736 to €10,025
- Deferred charges and accrued income +€5,386
up €5,386, from €0 to €5,386
- Profit (loss) carried forward +€18,058
up €18,058 (+46.8%), from €38,547 to €56,605
- Other debts +€17,054
up €17,054 (+226.2%), from €7,538 to €24,592
- Tax, wage and social debts +€5,479
up €5,479 (+640.9%), from €855 to €6,334
- Accrued charges and deferred income -€1,362
down €1,362 (-100.0%), from €1,362 to €0
- Gross operating margin +€37,957
up €37,957 (+249.6%), from €15,207 to €53,163
- Taxes +€5,358
up €5,358 (+626.7%), from €855 to €6,213
- Depreciation -€5,018
down €5,018 (-42.5%), from €11,816 to €6,798
- Staff costs -€634
down €634 (-100.0%), from €634 to €0
- Other operating charges +€576
up €576 (+80.2%), from €718 to €1,293
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 | €82,800 | €122,484 | +€39,684 | +47.9% |
| Fixed assets | 21/28 | €15,736 | €10,025 | -€5,711 | -36.3% |
| Tangible fixed assets | 22/27 | €15,736 | €10,025 | -€5,711 | -36.3% |
| Plant, machinery and equipment | 23 | €11,010 | €8,240 | -€2,770 | -25.2% |
| Furniture and vehicles | 24 | €4,522 | €1,786 | -€2,736 | -60.5% |
| Other tangible fixed assets | 26 | €205 | €0 | -€205 | -100.0% |
| Current assets | 29/58 | €67,064 | €112,459 | +€45,395 | +67.7% |
| Stocks and contracts in progress | 3 | €39,304 | €25,294 | -€14,010 | -35.6% |
| Stocks | 30/36 | €10,000 | €5,875 | -€4,125 | -41.2% |
| Contracts in progress | 37 | €29,304 | €19,419 | -€9,885 | -33.7% |
| Amounts receivable within one year | 40/41 | €1,385 | €23,780 | +€22,395 | +1617.0% |
| Trade receivables | 40 | €0 | €20,838 | +€20,838 | |
| Other amounts receivable | 41 | €1,385 | €2,942 | +€1,557 | +112.4% |
| Cash at bank and in hand | 54/58 | €26,375 | €57,998 | +€31,624 | +119.9% |
| Deferred charges and accrued income | 490/1 | €0 | €5,386 | +€5,386 | |
| Total equity and liabilities | 10/49 | €82,800 | €122,484 | +€39,684 | +47.9% |
| Equity | 10/15 | €71,507 | €89,565 | +€18,058 | +25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,360 | €14,360 | = | 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% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,547 | €56,605 | +€18,058 | +46.8% |
| Amounts payable | 17/49 | €11,294 | €32,919 | +€21,625 | +191.5% |
| Amounts payable within one year | 42/48 | €9,932 | €32,919 | +€22,987 | +231.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,539 | €1,993 | +€454 | +29.5% |
| Suppliers | 440/4 | €1,539 | €1,993 | +€454 | +29.5% |
| Taxes, remuneration and social security | 45 | €855 | €6,334 | +€5,479 | +640.9% |
| Taxes | 450/3 | €855 | €6,334 | +€5,479 | +640.9% |
| Other amounts payable | 47/48 | €7,538 | €24,592 | +€17,054 | +226.2% |
| Accrued charges and deferred income | 492/3 | €1,362 | €0 | -€1,362 | -100.0% |
| Remuneration, social security and pensions | 62 | €634 | €0 | -€634 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,816 | €6,798 | -€5,018 | -42.5% |
| Other operating charges | 640/8 | €718 | €1,293 | +€576 | +80.2% |
| Gross operating margin | 9900 | €15,207 | €53,163 | +€37,957 | +249.6% |
| Operating profit (loss) | 9901 | €2,039 | €45,072 | +€43,033 | +2110.8% |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €1,020 | €875 | -€144 | -14.2% |
| Recurring financial charges | 65 | €1,020 | €875 | -€144 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €1,019 | €44,271 | +€43,252 | +4243.9% |
| Income taxes | 67/77 | €855 | €6,213 | +€5,358 | +626.7% |
| Profit (loss) for the period | 9904 | €164 | €38,058 | +€37,894 | +23082.2% |
| Profit (loss) for the period to be appropriated | 9905 | €164 | €38,058 | +€37,894 | +23082.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.