Noek: 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.
Noek
Largest movements
- Cash +€47,023
up €47,023 (+66.6%), from €70,596 to €117,618
mainly Net result for the year (+€46,708) and Investment in fixed assets (net) (+€12,242)
- Tangible fixed assets -€17,142
down €17,142 (-68.1%), from €25,185 to €8,042
of which Leasing and similar rights: -€12,242
- Receivables within one year +€14,520
up €14,520, from €0 to €14,520
- Deferred charges and accrued income -€1,633
down €1,633 (-62.3%), from €2,621 to €988
- Reserves +€39,208
up €39,208 (+83.9%), from €46,758 to €85,966
- Other debts +€3,911
up €3,911 (+13.7%), from €28,459 to €32,370
- Tax, wage and social debts +€3,229
up €3,229 (+22.5%), from €14,367 to €17,596
of which Taxes: +€5,229
- Current portion of long-term debt -€2,182
down €2,182 (-100%), from €2,182 to €0
- Gross operating margin +€20,547
up €20,547 (+42.4%), from €48,432 to €68,979
- Depreciation -€8,056
down €8,056 (-62.2%), from €12,956 to €4,900
- Taxes +€5,900
up €5,900 (+59.0%), from €9,997 to €15,897
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 | €98,402 | €141,169 | +€42,767 | +43.5% |
| Fixed assets | 21/28 | €25,185 | €8,042 | -€17,142 | -68.1% |
| Tangible fixed assets | 22/27 | €25,185 | €8,042 | -€17,142 | -68.1% |
| Furniture and vehicles | 24 | €12,942 | €8,042 | -€4,900 | -37.9% |
| Leasing and similar rights | 25 | €12,242 | €0 | -€12,242 | -100% |
| Current assets | 29/58 | €73,217 | €133,126 | +€59,910 | +81.8% |
| Amounts receivable within one year | 40/41 | €0 | €14,520 | +€14,520 | |
| Trade receivables | 40 | €0 | €14,520 | +€14,520 | |
| Cash at bank and in hand | 54/58 | €70,596 | €117,618 | +€47,023 | +66.6% |
| Deferred charges and accrued income | 490/1 | €2,621 | €988 | -€1,633 | -62.3% |
| Total equity and liabilities | 10/49 | €98,402 | €141,169 | +€42,767 | +43.5% |
| Equity | 10/15 | €51,758 | €90,966 | +€39,208 | +75.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,758 | €85,966 | +€39,208 | +83.9% |
| Distributable reserves | 133 | €46,758 | €85,966 | +€39,208 | +83.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,644 | €50,203 | +€3,559 | +7.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €46,444 | €50,003 | +€3,559 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €2,182 | €0 | -€2,182 | -100% |
| Trade debts | 44 | €1,436 | €37 | -€1,399 | -97.4% |
| Suppliers | 440/4 | €1,436 | €37 | -€1,399 | -97.4% |
| Taxes, remuneration and social security | 45 | €14,367 | €17,596 | +€3,229 | +22.5% |
| Taxes | 450/3 | €12,367 | €17,596 | +€5,229 | +42.3% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €28,459 | €32,370 | +€3,911 | +13.7% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,335 | +€1,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,956 | €4,900 | -€8,056 | -62.2% |
| Other operating charges | 640/8 | €1,934 | €1,366 | -€568 | -29.4% |
| Gross operating margin | 9900 | €48,432 | €68,979 | +€20,547 | +42.4% |
| Operating profit (loss) | 9901 | €33,542 | €62,713 | +€29,171 | +87.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €260 | €108 | -€151 | -58.3% |
| Recurring financial charges | 65 | €260 | €108 | -€151 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €33,283 | €62,605 | +€29,322 | +88.1% |
| Income taxes | 67/77 | €9,997 | €15,897 | +€5,900 | +59.0% |
| Profit (loss) for the period | 9904 | €23,286 | €46,708 | +€23,422 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €23,286 | €46,708 | +€23,422 | +101% |
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 25 October 2026 via checked.be.