NOYON-SAUTREAU: 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.
NOYON-SAUTREAU
Largest movements
- Cash -€14,699
down €14,699 (-19.3%), from €76,000 to €61,301
mainly Trade debts (-€22,919) and Debts after one year (-€3,645)
- Stocks and contracts -€9,319
down €9,319 (-17.4%), from €53,629 to €44,310
- Receivables within one year -€1,563
down €1,563 (-49.2%), from €3,175 to €1,612
of which Other amounts receivable: -€1,675
- Trade debts -€22,919
down €22,919 (-42.4%), from €54,058 to €31,139
- Debts after one year -€3,645
down €3,645 (-32.9%), from €11,077 to €7,432
- Other debts -€1,403
down €1,403 (-70.0%), from €2,003 to €600
- Gross operating margin +€8,624
up €8,624, from -€4,834 to €3,790
- Financial charges +€1,289
up €1,289 (+92.0%), from €1,401 to €2,690
- Depreciation -€626
down €626 (-29.0%), from €2,160 to €1,534
- Financial income +€98
up €98 (+137%), from €71 to €169
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 | €138,839 | €110,374 | -€28,464 | -20.5% |
| Fixed assets | 21/28 | €4,463 | €2,929 | -€1,534 | -34.4% |
| Intangible fixed assets | 21 | €1,751 | €1,009 | -€742 | -42.4% |
| Tangible fixed assets | 22/27 | €1,828 | €1,035 | -€792 | -43.3% |
| Furniture and vehicles | 24 | €1,361 | €716 | -€646 | -47.4% |
| Other tangible fixed assets | 26 | €466 | €320 | -€146 | -31.4% |
| Financial fixed assets | 28 | €884 | €884 | = | 0.0% |
| Current assets | 29/58 | €134,376 | €107,445 | -€26,930 | -20.0% |
| Stocks and contracts in progress | 3 | €53,629 | €44,310 | -€9,319 | -17.4% |
| Stocks | 30/36 | €53,629 | €44,310 | -€9,319 | -17.4% |
| Amounts receivable within one year | 40/41 | €3,175 | €1,612 | -€1,563 | -49.2% |
| Trade receivables | 40 | - | €112 | +€112 | |
| Other amounts receivable | 41 | €3,175 | €1,500 | -€1,675 | -52.8% |
| Cash at bank and in hand | 54/58 | €76,000 | €61,301 | -€14,699 | -19.3% |
| Deferred charges and accrued income | 490/1 | €1,571 | €222 | -€1,350 | -85.9% |
| Total equity and liabilities | 10/49 | €138,839 | €110,374 | -€28,464 | -20.5% |
| Equity | 10/15 | €53,437 | €52,772 | -€664 | -1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €83,606 | €83,606 | = | 0.0% |
| Distributable reserves | 133 | €83,606 | €83,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,169 | -€50,834 | -€664 | -1.3% |
| Amounts payable | 17/49 | €85,402 | €57,602 | -€27,800 | -32.6% |
| Amounts payable after more than one year | 17 | €11,077 | €7,432 | -€3,645 | -32.9% |
| Financial debts | 170/4 | €11,077 | €7,432 | -€3,645 | -32.9% |
| Amounts payable within one year | 42/48 | €74,325 | €50,170 | -€24,155 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €3,383 | €3,645 | +€262 | +7.7% |
| Trade debts | 44 | €54,058 | €31,139 | -€22,919 | -42.4% |
| Suppliers | 440/4 | €54,058 | €31,139 | -€22,919 | -42.4% |
| Taxes, remuneration and social security | 45 | €14,880 | €14,786 | -€95 | -0.6% |
| Taxes | 450/3 | €14,880 | €14,786 | -€95 | -0.6% |
| Other amounts payable | 47/48 | €2,003 | €600 | -€1,403 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,160 | €1,534 | -€626 | -29.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,834 | €3,790 | +€8,624 | |
| Operating profit (loss) | 9901 | -€7,382 | €1,856 | +€9,238 | |
| Financial income | 75/76B | €71 | €169 | +€98 | +137% |
| Recurring financial income | 75 | €71 | €169 | +€98 | +137% |
| Financial charges | 65/66B | €1,401 | €2,690 | +€1,289 | +92.0% |
| Recurring financial charges | 65 | €1,401 | €2,690 | +€1,289 | +92.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,712 | -€664 | +€8,048 | +92.4% |
| Profit (loss) for the period | 9904 | -€8,712 | -€664 | +€8,048 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,712 | -€664 | +€8,048 | +92.4% |
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 20 October 2026 via checked.be.