NNORM: 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.
NNORM
Largest movements
- Cash +€10,454
up €10,454 (+334004.8%), from €3 to €10,457
mainly Net result for the year (+€9,418) and Receivables within one year (+€5,340)
- Receivables within one year -€5,340
down €5,340 (-65.0%), from €8,210 to €2,869
of which Trade receivables: -€3,889
- Deferred charges and accrued income -€993
down €993 (-53.2%), from €1,866 to €873
- Tangible fixed assets -€184
down €184 (-100.0%), from €184 to €0
- Profit (loss) carried forward +€9,418
up €9,418 (+73.7%), from -€12,778 to -€3,360
- Trade debts -€8,869
down €8,869 (-85.7%), from €10,353 to €1,484
- Tax, wage and social debts +€2,352
up €2,352 (+67.5%), from €3,483 to €5,835
of which Taxes: +€1,962
- Other debts +€841
up €841 (+29.3%), from €2,874 to €3,714
- Short-term financial debts +€196
new in 2025: €196
- Gross operating margin +€14,016
up €14,016, from -€3,777 to €10,239
- Financial charges -€115
down €115 (-49.6%), from €232 to €117
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.
Cash bridge derived
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 | €10,931 | €14,869 | +€3,937 | +36.0% |
| Fixed assets | 21/28 | €184 | €0 | -€184 | -100.0% |
| Tangible fixed assets | 22/27 | €184 | €0 | -€184 | -100.0% |
| Furniture and vehicles | 24 | €184 | €0 | -€184 | -100.0% |
| Current assets | 29/58 | €10,747 | €14,869 | +€4,121 | +38.3% |
| Stocks and contracts in progress | 3 | €669 | €669 | = | 0.0% |
| Stocks | 30/36 | €669 | €669 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,210 | €2,869 | -€5,340 | -65.0% |
| Trade receivables | 40 | €6,716 | €2,827 | -€3,889 | -57.9% |
| Other amounts receivable | 41 | €1,494 | €43 | -€1,451 | -97.1% |
| Cash at bank and in hand | 54/58 | €3 | €10,457 | +€10,454 | +334004.8% |
| Deferred charges and accrued income | 490/1 | €1,866 | €873 | -€993 | -53.2% |
| Total equity and liabilities | 10/49 | €10,931 | €14,869 | +€3,937 | +36.0% |
| Equity | 10/15 | -€5,778 | €3,640 | +€9,418 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,778 | -€3,360 | +€9,418 | +73.7% |
| Amounts payable | 17/49 | €16,709 | €11,228 | -€5,481 | -32.8% |
| Amounts payable within one year | 42/48 | €16,709 | €11,228 | -€5,481 | -32.8% |
| Financial debts | 43 | - | €196 | +€196 | |
| Credit institutions | 430/8 | - | €196 | +€196 | |
| Trade debts | 44 | €10,353 | €1,484 | -€8,869 | -85.7% |
| Suppliers | 440/4 | €10,353 | €1,484 | -€8,869 | -85.7% |
| Taxes, remuneration and social security | 45 | €3,483 | €5,835 | +€2,352 | +67.5% |
| Taxes | 450/3 | €973 | €2,935 | +€1,962 | +201.6% |
| Remuneration and social security | 454/9 | €2,510 | €2,900 | +€390 | +15.5% |
| Other amounts payable | 47/48 | €2,874 | €3,714 | +€841 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203 | €184 | -€19 | -9.3% |
| Other operating charges | 640/8 | €521 | €520 | -€1 | -0.3% |
| Gross operating margin | 9900 | -€3,777 | €10,239 | +€14,016 | |
| Operating profit (loss) | 9901 | -€4,501 | €9,535 | +€14,036 | |
| Financial charges | 65/66B | €232 | €117 | -€115 | -49.6% |
| Recurring financial charges | 65 | €232 | €117 | -€115 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,733 | €9,418 | +€14,151 | |
| Profit (loss) for the period | 9904 | -€4,733 | €9,418 | +€14,151 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,733 | €9,418 | +€14,151 |
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 11 October 2026 via checked.be.