DE NOORDVIS: 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.
DE NOORDVIS
Largest movements
- Cash -€360,508
down €360,508 (-57.8%), from €624,182 to €263,674
mainly Other debts (-€286,312) and Debts after one year (-€200,000)
- Tangible fixed assets -€115,181
down €115,181 (-10.4%), from €1.1m to €991,049
- Other debts -€286,312
down €286,312 (-72.1%), from €397,312 to €111,000
- Debts after one year -€200,000
down €200,000 (-100%), from €200,000 to €0
of which Financial debts: -€200,000
- Financial charges -€18,458
down €18,458 (-58.0%), from €31,812 to €13,354
- Gross operating margin +€8,464
up €8,464 (+6.9%), from €122,894 to €131,359
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 | €1,771,332 | €1,288,243 | -€483,089 | -27.3% |
| Fixed assets | 21/28 | €1,106,230 | €991,049 | -€115,181 | -10.4% |
| Tangible fixed assets | 22/27 | €1,106,230 | €991,049 | -€115,181 | -10.4% |
| Other tangible fixed assets | 26 | €1,106,230 | €991,049 | -€115,181 | -10.4% |
| Current assets | 29/58 | €665,102 | €297,194 | -€367,908 | -55.3% |
| Amounts receivable within one year | 40/41 | €34,105 | €27,747 | -€6,358 | -18.6% |
| Trade receivables | 40 | €34,105 | €25,160 | -€8,946 | -26.2% |
| Other amounts receivable | 41 | - | €2,588 | +€2,588 | |
| Cash at bank and in hand | 54/58 | €624,182 | €263,674 | -€360,508 | -57.8% |
| Deferred charges and accrued income | 490/1 | €6,814 | €5,772 | -€1,042 | -15.3% |
| Total equity and liabilities | 10/49 | €1,771,332 | €1,288,243 | -€483,089 | -27.3% |
| Equity | 10/15 | €1,162,675 | €1,165,271 | +€2,596 | +0.2% |
| Contributions | 10/11 | €3,133,600 | €3,133,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,970,925 | -€1,968,329 | +€2,596 | +0.1% |
| Amounts payable | 17/49 | €608,657 | €122,972 | -€485,685 | -79.8% |
| Amounts payable after more than one year | 17 | €200,000 | €0 | -€200,000 | -100% |
| Financial debts | 170/4 | €200,000 | - | -€200,000 | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €408,657 | €122,972 | -€285,685 | -69.9% |
| Taxes, remuneration and social security | 45 | €11,345 | €11,972 | +€627 | +5.5% |
| Taxes | 450/3 | €11,345 | €11,972 | +€627 | +5.5% |
| Other amounts payable | 47/48 | €397,312 | €111,000 | -€286,312 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,248 | €115,181 | +€933 | +0.8% |
| Other operating charges | 640/8 | €351 | €228 | -€123 | -35.1% |
| Gross operating margin | 9900 | €122,894 | €131,359 | +€8,464 | +6.9% |
| Operating profit (loss) | 9901 | €8,295 | €15,950 | +€7,655 | +92.3% |
| Financial charges | 65/66B | €31,812 | €13,354 | -€18,458 | -58.0% |
| Recurring financial charges | 65 | €31,812 | €13,354 | -€18,458 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,517 | €2,596 | +€26,113 | |
| Profit (loss) for the period | 9904 | -€23,517 | €2,596 | +€26,113 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,517 | €2,596 | +€26,113 |
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 17 October 2026 via checked.be.