De Norre Jan: 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 Jan
Largest movements
- Current investments +€48,748
new in 2025: €48,748
- Receivables within one year -€33,026
down €33,026 (-47.5%), from €69,527 to €36,501
- Cash -€31,955
down €31,955 (-33.3%), from €95,890 to €63,935
mainly Current investments (-€48,748) and Investment in fixed assets (net) (-€26,076)
- Tangible fixed assets +€7,502
up €7,502 (+9.0%), from €82,975 to €90,477
of which Land and buildings: +€13,326
- Trade debts -€7,045
down €7,045 (-31.2%), from €22,594 to €15,549
- Debts after one year -€3,958
down €3,958 (-29.5%), from €13,417 to €9,460
- Reserves +€3,217
up €3,217 (+11.9%), from €26,931 to €30,148
- Other debts +€3,098
up €3,098 (+1,978%), from €157 to €3,255
- Tax, wage and social debts -€2,754
down €2,754 (-33.5%), from €8,226 to €5,472
- Gross operating margin -€12,376
down €12,376 (-28.4%), from €43,504 to €31,128
- Other operating charges +€5,889
up €5,889 (+245%), from €2,403 to €8,292
- Depreciation -€4,980
down €4,980 (-21.1%), from €23,555 to €18,574
- Taxes -€4,131
down €4,131 (-84.2%), from €4,906 to €775
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 | €249,808 | €242,510 | -€7,297 | -2.9% |
| Fixed assets | 21/28 | €82,975 | €90,477 | +€7,502 | +9.0% |
| Tangible fixed assets | 22/27 | €82,975 | €90,477 | +€7,502 | +9.0% |
| Land and buildings | 22 | €38,419 | €51,745 | +€13,326 | +34.7% |
| Plant, machinery and equipment | 23 | €6,839 | €8,851 | +€2,012 | +29.4% |
| Furniture and vehicles | 24 | €37,717 | €29,881 | -€7,836 | -20.8% |
| Current assets | 29/58 | €166,832 | €152,033 | -€14,799 | -8.9% |
| Amounts receivable within one year | 40/41 | €69,527 | €36,501 | -€33,026 | -47.5% |
| Trade receivables | 40 | €69,527 | €36,501 | -€33,026 | -47.5% |
| Current investments | 50/53 | - | €48,748 | +€48,748 | |
| Cash at bank and in hand | 54/58 | €95,890 | €63,935 | -€31,955 | -33.3% |
| Deferred charges and accrued income | 490/1 | €1,415 | €2,849 | +€1,434 | +101% |
| Total equity and liabilities | 10/49 | €249,808 | €242,510 | -€7,297 | -2.9% |
| Equity | 10/15 | €201,599 | €204,816 | +€3,217 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,931 | €30,148 | +€3,217 | +11.9% |
| Distributable reserves | 133 | €26,931 | €30,148 | +€3,217 | +11.9% |
| Profit (loss) carried forward | 14 | €156,068 | €156,068 | = | 0.0% |
| Amounts payable | 17/49 | €48,208 | €37,694 | -€10,514 | -21.8% |
| Amounts payable after more than one year | 17 | €13,417 | €9,460 | -€3,958 | -29.5% |
| Financial debts | 170/4 | €13,417 | €9,460 | -€3,958 | -29.5% |
| Amounts payable within one year | 42/48 | €34,791 | €28,234 | -€6,557 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €3,814 | €3,958 | +€144 | +3.8% |
| Trade debts | 44 | €22,594 | €15,549 | -€7,045 | -31.2% |
| Suppliers | 440/4 | €22,594 | €15,549 | -€7,045 | -31.2% |
| Taxes, remuneration and social security | 45 | €8,226 | €5,472 | -€2,754 | -33.5% |
| Taxes | 450/3 | €8,226 | €5,472 | -€2,754 | -33.5% |
| Other amounts payable | 47/48 | €157 | €3,255 | +€3,098 | +1,978% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,555 | €18,574 | -€4,980 | -21.1% |
| Other operating charges | 640/8 | €2,403 | €8,292 | +€5,889 | +245% |
| Gross operating margin | 9900 | €43,504 | €31,128 | -€12,376 | -28.4% |
| Operating profit (loss) | 9901 | €17,546 | €4,261 | -€13,285 | -75.7% |
| Financial income | 75/76B | €231 | €543 | +€312 | +135% |
| Recurring financial income | 75 | €231 | €543 | +€312 | +135% |
| Financial charges | 65/66B | €720 | €811 | +€91 | +12.6% |
| Recurring financial charges | 65 | €720 | €811 | +€91 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €17,057 | €3,992 | -€13,065 | -76.6% |
| Income taxes | 67/77 | €4,906 | €775 | -€4,131 | -84.2% |
| Profit (loss) for the period | 9904 | €12,151 | €3,217 | -€8,934 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,151 | €3,217 | -€8,934 | -73.5% |
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 27 October 2026 via checked.be.