Het Noordeneind: 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.
Het Noordeneind
Largest movements
- Cash -€5,980
down €5,980 (-76.4%), from €7,830 to €1,849
mainly Net result for the year (-€7,858) and Investment in fixed assets (net) (-€2,700)
- Stocks and contracts +€1,890
up €1,890 (+24.1%), from €7,854 to €9,743
- Receivables within one year +€1,596
up €1,596 (+8.8%), from €18,238 to €19,834
of which Trade receivables: +€1,654
- Tangible fixed assets +€1,028
up €1,028 (+10.6%), from €9,677 to €10,705
- Reserves -€7,858
down €7,858 (-99.1%), from €7,930 to €73
- Trade debts +€6,068
up €6,068 (+294%), from €2,063 to €8,130
- Other debts +€1,074
up €1,074 (+4.0%), from €26,650 to €27,724
- Tax, wage and social debts -€750
down €750 (-100%), from €750 to €0
- Gross operating margin -€2,590
down €2,590 (-85.5%), from -€3,028 to -€5,617
- Depreciation +€1,011
up €1,011 (+153%), from €661 to €1,672
- Other operating charges +€402
up €402 (+340%), from €118 to €520
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 | €43,643 | €42,177 | -€1,465 | -3.4% |
| Fixed assets | 21/28 | €9,677 | €10,705 | +€1,028 | +10.6% |
| Tangible fixed assets | 22/27 | €9,677 | €10,705 | +€1,028 | +10.6% |
| Other tangible fixed assets | 26 | €9,677 | €10,705 | +€1,028 | +10.6% |
| Current assets | 29/58 | €33,966 | €31,473 | -€2,493 | -7.3% |
| Stocks and contracts in progress | 3 | €7,854 | €9,743 | +€1,890 | +24.1% |
| Stocks | 30/36 | €7,854 | €9,743 | +€1,890 | +24.1% |
| Amounts receivable within one year | 40/41 | €18,238 | €19,834 | +€1,596 | +8.8% |
| Trade receivables | 40 | €17,870 | €19,524 | +€1,654 | +9.3% |
| Other amounts receivable | 41 | €369 | €311 | -€58 | -15.8% |
| Cash at bank and in hand | 54/58 | €7,830 | €1,849 | -€5,980 | -76.4% |
| Deferred charges and accrued income | 490/1 | €45 | €46 | +€1 | +2.1% |
| Total equity and liabilities | 10/49 | €43,643 | €42,177 | -€1,465 | -3.4% |
| Equity | 10/15 | €14,180 | €6,323 | -€7,858 | -55.4% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €7,930 | €73 | -€7,858 | -99.1% |
| Distributable reserves | 133 | €7,930 | €73 | -€7,858 | -99.1% |
| Amounts payable | 17/49 | €29,463 | €35,855 | +€6,392 | +21.7% |
| Amounts payable within one year | 42/48 | €29,463 | €35,855 | +€6,392 | +21.7% |
| Trade debts | 44 | €2,063 | €8,130 | +€6,068 | +294% |
| Suppliers | 440/4 | €2,063 | €8,130 | +€6,068 | +294% |
| Taxes, remuneration and social security | 45 | €750 | €0 | -€750 | -100% |
| Taxes | 450/3 | €750 | €0 | -€750 | -100% |
| Other amounts payable | 47/48 | €26,650 | €27,724 | +€1,074 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €661 | €1,672 | +€1,011 | +153% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | -€3,028 | -€5,617 | -€2,590 | -85.5% |
| Operating profit (loss) | 9901 | -€3,806 | -€7,809 | -€4,003 | -105% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €66 | €55 | -€11 | -16.0% |
| Recurring financial charges | 65 | €66 | €55 | -€11 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,872 | -€7,858 | -€3,985 | -103% |
| Profit (loss) for the period | 9904 | -€3,872 | -€7,858 | -€3,985 | -103% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,872 | -€7,858 | -€3,985 | -103% |
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 23 October 2026 via checked.be.