Stanley Noma: 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.
Stanley Noma
Largest movements
- Receivables within one year -€21,843
down €21,843 (-70.1%), from €31,165 to €9,322
of which Trade receivables: -€21,496
- Tangible fixed assets +€14,196
new in 2025: €14,196
- Current investments -€5,016
no longer reported in 2025 (was €5,016)
- Cash -€4,345
down €4,345 (-66.0%), from €6,583 to €2,238
mainly Investment in fixed assets (net) (-€19,476) and Debts after one year (-€10,427)
- Intangible fixed assets +€1,608
new in 2025: €1,608
- Debts after one year -€10,427
down €10,427 (-50.4%), from €20,683 to €10,256
- Profit (loss) carried forward -€3,935
new in 2025: -€3,935
- Other debts -€1,008
down €1,008 (-59.1%), from €1,705 to €697
- Current portion of long-term debt -€687
down €687 (-10.6%), from €6,456 to €5,769
- Gross operating margin -€16,623
down €16,623 (-80.2%), from €20,717 to €4,094
- Depreciation +€3,672
new in 2025: €3,672
- Financial charges +€1,825
up €1,825 (+88.4%), from €2,065 to €3,890
- Taxes -€1,413
down €1,413 (-91.5%), from €1,545 to €132
- Other operating charges +€394
new in 2025: €394
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 | €47,564 | €31,934 | -€15,630 | -32.9% |
| Fixed assets | 21/28 | - | €15,804 | +€15,804 | |
| Intangible fixed assets | 21 | - | €1,608 | +€1,608 | |
| Tangible fixed assets | 22/27 | - | €14,196 | +€14,196 | |
| Plant, machinery and equipment | 23 | - | €14,196 | +€14,196 | |
| Current assets | 29/58 | €47,564 | €16,130 | -€31,434 | -66.1% |
| Amounts receivable within one year | 40/41 | €31,165 | €9,322 | -€21,843 | -70.1% |
| Trade receivables | 40 | €30,571 | €9,075 | -€21,496 | -70.3% |
| Other amounts receivable | 41 | €594 | €248 | -€346 | -58.3% |
| Current investments | 50/53 | €5,016 | - | -€5,016 | |
| Cash at bank and in hand | 54/58 | €6,583 | €2,238 | -€4,345 | -66.0% |
| Deferred charges and accrued income | 490/1 | €4,800 | €4,570 | -€230 | -4.8% |
| Total equity and liabilities | 10/49 | €47,564 | €31,934 | -€15,630 | -32.9% |
| Equity | 10/15 | €13,510 | €9,575 | -€3,935 | -29.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,510 | €11,510 | = | 0.0% |
| Distributable reserves | 133 | €11,510 | €11,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,935 | -€3,935 | |
| Amounts payable | 17/49 | €34,054 | €22,360 | -€11,694 | -34.3% |
| Amounts payable after more than one year | 17 | €20,683 | €10,256 | -€10,427 | -50.4% |
| Financial debts | 170/4 | €20,683 | €10,256 | -€10,427 | -50.4% |
| Amounts payable within one year | 42/48 | €13,371 | €12,104 | -€1,267 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €6,456 | €5,769 | -€687 | -10.6% |
| Trade debts | 44 | €2,154 | €2,353 | +€199 | +9.3% |
| Suppliers | 440/4 | €2,154 | €2,353 | +€199 | +9.3% |
| Taxes, remuneration and social security | 45 | €3,056 | €3,285 | +€229 | +7.5% |
| Taxes | 450/3 | €3,056 | €3,285 | +€229 | +7.5% |
| Other amounts payable | 47/48 | €1,705 | €697 | -€1,008 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,672 | +€3,672 | |
| Other operating charges | 640/8 | - | €394 | +€394 | |
| Non-recurring operating charges | 66A | €12,519 | - | -€12,519 | |
| Gross operating margin | 9900 | €20,717 | €4,094 | -€16,623 | -80.2% |
| Operating profit (loss) | 9901 | €8,199 | €28 | -€8,171 | -99.7% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €2,065 | €3,890 | +€1,825 | +88.4% |
| Recurring financial charges | 65 | €2,065 | €3,890 | +€1,825 | +88.4% |
| Profit (loss) for the period before taxes | 9903 | €6,134 | -€3,803 | -€9,937 | |
| Income taxes | 67/77 | €1,545 | €132 | -€1,413 | -91.5% |
| Profit (loss) for the period | 9904 | €4,589 | -€3,935 | -€8,524 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,589 | -€3,935 | -€8,524 |
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 23 October 2026 via checked.be.