Noord: 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.
Noord
Largest movements
- Stocks and contracts +€104,409
new in 2025: €104,409
- Cash -€44,806
down €44,806 (-99.8%), from €44,895 to €89
mainly Stocks and contracts (-€104,409) and Receivables within one year (-€31,737)
- Receivables within one year +€31,737
up €31,737 (+18.8%), from €169,195 to €200,932
of which Other amounts receivable: +€34,237
- Tangible fixed assets +€10,387
new in 2025: €10,387
- Trade debts +€101,727
up €101,727 (+4,846%), from €2,099 to €103,826
- Gross operating margin -€37,295
down €37,295 (-91.0%), from €40,998 to €3,703
- Depreciation +€2,597
new in 2025: €2,597
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 | €215,090 | €316,817 | +€101,727 | +47.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,000 | €11,387 | +€10,387 | +1,039% |
| Tangible fixed assets | 22/27 | - | €10,387 | +€10,387 | |
| Plant, machinery and equipment | 23 | - | €10,387 | +€10,387 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €214,090 | €305,430 | +€91,340 | +42.7% |
| Stocks and contracts in progress | 3 | - | €104,409 | +€104,409 | |
| Contracts in progress | 37 | - | €104,409 | +€104,409 | |
| Amounts receivable within one year | 40/41 | €169,195 | €200,932 | +€31,737 | +18.8% |
| Trade receivables | 40 | €26,070 | €23,570 | -€2,500 | -9.6% |
| Other amounts receivable | 41 | €143,124 | €177,361 | +€34,237 | +23.9% |
| Cash at bank and in hand | 54/58 | €44,895 | €89 | -€44,806 | -99.8% |
| Total equity and liabilities | 10/49 | €215,090 | €316,817 | +€101,727 | +47.3% |
| Equity | 10/15 | €212,991 | €212,991 | = | 0.0% |
| Contributions | 10/11 | €155,231 | €155,231 | = | 0.0% |
| Reserves | 13 | €16,763 | €16,763 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,763 | €16,763 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,763 | €16,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,997 | €40,997 | = | 0.0% |
| Amounts payable | 17/49 | €2,099 | €103,826 | +€101,727 | +4,846% |
| Amounts payable within one year | 42/48 | €2,099 | €103,826 | +€101,727 | +4,846% |
| Trade debts | 44 | €2,099 | €103,826 | +€101,727 | +4,846% |
| Suppliers | 440/4 | €2,099 | €103,826 | +€101,727 | +4,846% |
| Non-recurring operating income | 76A | €55,000 | - | -€55,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,597 | +€2,597 | |
| Other operating charges | 640/8 | €525 | €556 | +€31 | +5.8% |
| Gross operating margin | 9900 | €40,998 | €3,703 | -€37,295 | -91.0% |
| Operating profit (loss) | 9901 | €40,473 | €550 | -€39,923 | -98.6% |
| Financial charges | 65/66B | €615 | €550 | -€65 | -10.6% |
| Recurring financial charges | 65 | €615 | €550 | -€65 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €39,858 | €0 | -€39,858 | -100% |
| Profit (loss) for the period | 9904 | €39,858 | €0 | -€39,858 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €39,858 | €0 | -€39,858 | -100% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.