DE NORRE GEERT: 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 NORRE GEERT
Largest movements
- Tangible fixed assets +€6,850
up €6,850 (+27.1%), from €25,250 to €32,100
- Cash -€6,177
down €6,177 (-39.1%), from €15,806 to €9,629
mainly Investment in fixed assets (net) (-€12,871) and Net result for the year (-€3,197)
- Stocks and contracts -€3,200
down €3,200 (-40.2%), from €7,960 to €4,760
- Receivables within one year +€910
up €910, from €0 to €910
of which Other amounts receivable: +€626
- Profit (loss) carried forward -€3,197
down €3,197 (-1.3%), from -€243,641 to -€246,838
- Other debts +€2,743
up €2,743 (+1.0%), from €274,935 to €277,678
- Tax, wage and social debts -€776
down €776 (-100%), from €776 to €0
- Gross operating margin +€11,149
up €11,149, from -€8,324 to €2,825
- Depreciation -€1,361
down €1,361 (-18.4%), from €7,382 to €6,021
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 | €51,545 | €49,928 | -€1,617 | -3.1% |
| Fixed assets | 21/28 | €27,779 | €34,628 | +€6,850 | +24.7% |
| Tangible fixed assets | 22/27 | €25,250 | €32,100 | +€6,850 | +27.1% |
| Plant, machinery and equipment | 23 | €25,250 | €32,100 | +€6,850 | +27.1% |
| Financial fixed assets | 28 | €2,529 | €2,529 | = | 0.0% |
| Current assets | 29/58 | €23,766 | €15,299 | -€8,467 | -35.6% |
| Stocks and contracts in progress | 3 | €7,960 | €4,760 | -€3,200 | -40.2% |
| Stocks | 30/36 | €7,960 | €4,760 | -€3,200 | -40.2% |
| Amounts receivable within one year | 40/41 | €0 | €910 | +€910 | |
| Trade receivables | 40 | - | €285 | +€285 | |
| Other amounts receivable | 41 | €0 | €626 | +€626 | |
| Cash at bank and in hand | 54/58 | €15,806 | €9,629 | -€6,177 | -39.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €51,545 | €49,928 | -€1,617 | -3.1% |
| Equity | 10/15 | -€224,553 | -€227,750 | -€3,197 | -1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €496 | €496 | = | 0.0% |
| Distributable reserves | 133 | €496 | €496 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€243,641 | -€246,838 | -€3,197 | -1.3% |
| Amounts payable | 17/49 | €276,098 | €277,678 | +€1,580 | +0.6% |
| Amounts payable within one year | 42/48 | €276,098 | €277,678 | +€1,580 | +0.6% |
| Trade debts | 44 | €387 | €0 | -€387 | -100% |
| Suppliers | 440/4 | €387 | €0 | -€387 | -100% |
| Taxes, remuneration and social security | 45 | €776 | €0 | -€776 | -100% |
| Taxes | 450/3 | €776 | €0 | -€776 | -100% |
| Other amounts payable | 47/48 | €274,935 | €277,678 | +€2,743 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,382 | €6,021 | -€1,361 | -18.4% |
| Gross operating margin | 9900 | -€8,324 | €2,825 | +€11,149 | |
| Operating profit (loss) | 9901 | -€15,706 | -€3,197 | +€12,509 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,706 | -€3,197 | +€12,509 | +79.6% |
| Profit (loss) for the period | 9904 | -€15,706 | -€3,197 | +€12,509 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,706 | -€3,197 | +€12,509 | +79.6% |
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 22 October 2026 via checked.be.