NOAXX: 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.
NOAXX
Largest movements
- Cash -€51,033
down €51,033 (-83.5%), from €61,153 to €10,120
mainly Contributions, distributions and other (-€167,922) and Receivables within one year (-€26,406)
- Current investments -€49,000
down €49,000 (-98.0%), from €50,000 to €1,000
- Receivables within one year +€26,406
up €26,406 (+38.9%), from €67,935 to €94,342
of which Other amounts receivable: +€54,386
- Reserves -€82,587
down €82,587 (-56.1%), from €147,222 to €64,635
- Other debts +€20,660
up €20,660 (+1,953%), from €1,058 to €21,718
- Tax, wage and social debts -€10,529
down €10,529 (-40.1%), from €26,250 to €15,721
of which Taxes: -€10,529
- Gross operating margin +€64,032
up €64,032 (+140%), from €45,616 to €109,647
- Taxes +€11,596
up €11,596 (+89.9%), from €12,901 to €24,497
- Financial income +€3,363
up €3,363 (+560,523%), from €1 to €3,364
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 | €180,530 | €107,873 | -€72,657 | -40.2% |
| Fixed assets | 21/28 | - | €971 | +€971 | |
| Tangible fixed assets | 22/27 | - | €971 | +€971 | |
| Furniture and vehicles | 24 | - | €971 | +€971 | |
| Current assets | 29/58 | €180,530 | €106,903 | -€73,627 | -40.8% |
| Amounts receivable within one year | 40/41 | €67,935 | €94,342 | +€26,406 | +38.9% |
| Trade receivables | 40 | €67,935 | €39,956 | -€27,979 | -41.2% |
| Other amounts receivable | 41 | €0 | €54,386 | +€54,386 | |
| Current investments | 50/53 | €50,000 | €1,000 | -€49,000 | -98.0% |
| Cash at bank and in hand | 54/58 | €61,153 | €10,120 | -€51,033 | -83.5% |
| Deferred charges and accrued income | 490/1 | €1,442 | €1,441 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €180,530 | €107,873 | -€72,657 | -40.2% |
| Equity | 10/15 | €152,222 | €69,635 | -€82,587 | -54.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €147,222 | €64,635 | -€82,587 | -56.1% |
| Distributable reserves | 133 | €147,222 | €64,635 | -€82,587 | -56.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,308 | €38,238 | +€9,930 | +35.1% |
| Amounts payable within one year | 42/48 | €28,308 | €38,238 | +€9,930 | +35.1% |
| Trade debts | 44 | €1,000 | €799 | -€201 | -20.1% |
| Suppliers | 440/4 | €1,000 | €799 | -€201 | -20.1% |
| Taxes, remuneration and social security | 45 | €26,250 | €15,721 | -€10,529 | -40.1% |
| Taxes | 450/3 | €26,250 | €15,721 | -€10,529 | -40.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,058 | €21,718 | +€20,660 | +1,953% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €206 | +€206 | |
| Other operating charges | 640/8 | €1,369 | €1,036 | -€332 | -24.3% |
| Gross operating margin | 9900 | €45,616 | €109,647 | +€64,032 | +140% |
| Operating profit (loss) | 9901 | €44,247 | €108,404 | +€64,157 | +145% |
| Financial income | 75/76B | €1 | €3,364 | +€3,363 | +560,523% |
| Recurring financial income | 75 | €1 | €3,364 | +€3,363 | +560,523% |
| Financial charges | 65/66B | €3,027 | €1,936 | -€1,091 | -36.1% |
| Recurring financial charges | 65 | €3,027 | €1,936 | -€1,091 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €41,221 | €109,833 | +€68,612 | +166% |
| Income taxes | 67/77 | €12,901 | €24,497 | +€11,596 | +89.9% |
| Profit (loss) for the period | 9904 | €28,320 | €85,335 | +€57,016 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €28,320 | €85,335 | +€57,016 | +201% |
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 19 October 2026 via checked.be.