Noord: what changed
Two fiscal 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.
Noord
Largest movements
- Tangible fixed assets -€9,957
down €9,957 (-8.9%), from €112,409 to €102,452
- Cash -€8,621
down €8,621 (-15.4%), from €56,067 to €47,446
mainly Net result for the year (-€17,075) and Other debts (-€3,100)
- Profit (loss) carried forward -€17,075
down €17,075 (-30.7%), from -€55,627 to -€72,702
- Other debts -€3,100
down €3,100 (-12.8%), from €24,275 to €21,175
- Financial charges -€25,950
down €25,950 (-99.1%), from €26,195 to €245
of which Non-recurring financial charges: -€26,006
- Other operating charges +€2,361
up €2,361 (+289.2%), from €816 to €3,177
- Gross operating margin -€140
down €140 (-3.9%), from -€3,556 to -€3,696
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 | €302,045 | €281,870 | -€20,175 | -6.7% |
| Fixed assets | 21/28 | €112,409 | €102,452 | -€9,957 | -8.9% |
| Tangible fixed assets | 22/27 | €112,409 | €102,452 | -€9,957 | -8.9% |
| Land and buildings | 22 | €112,409 | €102,452 | -€9,957 | -8.9% |
| Current assets | 29/58 | €189,636 | €179,418 | -€10,218 | -5.4% |
| Amounts receivable within one year | 40/41 | €1,597 | - | -€1,597 | |
| Trade receivables | 40 | €1,597 | - | -€1,597 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,067 | €47,446 | -€8,621 | -15.4% |
| Deferred charges and accrued income | 490/1 | €31,972 | €31,972 | = | 0.0% |
| Total equity and liabilities | 10/49 | €302,045 | €281,870 | -€20,175 | -6.7% |
| Equity | 10/15 | €277,083 | €260,008 | -€17,075 | -6.2% |
| Contributions | 10/11 | €322,918 | €322,918 | = | 0.0% |
| Capital | 10 | €322,918 | €322,918 | = | 0.0% |
| Issued capital | 100 | €322,918 | €322,918 | = | 0.0% |
| Reserves | 13 | €9,792 | €9,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,792 | €9,792 | = | 0.0% |
| Legal reserve | 130 | €9,792 | €9,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,627 | -€72,702 | -€17,075 | -30.7% |
| Amounts payable | 17/49 | €24,961 | €21,861 | -€3,100 | -12.4% |
| Amounts payable within one year | 42/48 | €24,961 | €21,861 | -€3,100 | -12.4% |
| Trade debts | 44 | €686 | €686 | = | 0.0% |
| Suppliers | 440/4 | €686 | €686 | = | 0.0% |
| Other amounts payable | 47/48 | €24,275 | €21,175 | -€3,100 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,957 | €9,957 | = | 0.0% |
| Other operating charges | 640/8 | €816 | €3,177 | +€2,361 | +289.2% |
| Gross operating margin | 9900 | -€3,556 | -€3,696 | -€140 | -3.9% |
| Operating profit (loss) | 9901 | -€14,329 | -€16,830 | -€2,501 | -17.5% |
| Financial charges | 65/66B | €26,195 | €245 | -€25,950 | -99.1% |
| Recurring financial charges | 65 | €189 | €245 | +€56 | +29.9% |
| Non-recurring financial charges | 66B | €26,006 | - | -€26,006 | |
| Profit (loss) for the period before taxes | 9903 | -€40,524 | -€17,075 | +€23,449 | +57.9% |
| Profit (loss) for the period | 9904 | -€40,524 | -€17,075 | +€23,449 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,524 | -€17,075 | +€23,449 | +57.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.