NOORD ENGINEERING: 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 ENGINEERING
Largest movements
- Current investments +€29,989
up €29,989 (+29.8%), from €100,569 to €130,557
- Cash -€22,278
down €22,278 (-46.8%), from €47,561 to €25,283
mainly Current investments (-€29,989) and Debts after one year (-€12,435)
- Tangible fixed assets -€16,375
down €16,375 (-6.0%), from €273,419 to €257,044
- Receivables within one year -€7,501
down €7,501 (-79.3%), from €9,464 to €1,963
of which Other amounts receivable: -€7,501
- Debts after one year -€12,435
down €12,435 (-34.2%), from €36,402 to €23,967
- Financial charges -€8,101
down €8,101 (-79.6%), from €10,180 to €2,079
- Financial income +€5,223
up €5,223 (+1266.1%), from €413 to €5,635
- Other operating charges -€1,592
down €1,592 (-30.5%), from €5,228 to €3,635
- Gross operating margin -€1,092
down €1,092 (-6.6%), from €16,498 to €15,406
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 | €432,920 | €416,817 | -€16,103 | -3.7% |
| Fixed assets | 21/28 | €273,419 | €257,044 | -€16,375 | -6.0% |
| Tangible fixed assets | 22/27 | €273,419 | €257,044 | -€16,375 | -6.0% |
| Land and buildings | 22 | €273,419 | €257,044 | -€16,375 | -6.0% |
| Current assets | 29/58 | €159,501 | €159,773 | +€272 | +0.2% |
| Amounts receivable within one year | 40/41 | €9,464 | €1,963 | -€7,501 | -79.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,464 | €1,963 | -€7,501 | -79.3% |
| Current investments | 50/53 | €100,569 | €130,557 | +€29,989 | +29.8% |
| Cash at bank and in hand | 54/58 | €47,561 | €25,283 | -€22,278 | -46.8% |
| Deferred charges and accrued income | 490/1 | €1,907 | €1,969 | +€62 | +3.2% |
| Total equity and liabilities | 10/49 | €432,920 | €416,817 | -€16,103 | -3.7% |
| Equity | 10/15 | €262,993 | €261,814 | -€1,178 | -0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €244,401 | €243,222 | -€1,178 | -0.5% |
| Distributable reserves | 133 | €244,401 | €243,222 | -€1,178 | -0.5% |
| Amounts payable | 17/49 | €169,927 | €155,003 | -€14,925 | -8.8% |
| Amounts payable after more than one year | 17 | €36,402 | €23,967 | -€12,435 | -34.2% |
| Financial debts | 170/4 | €36,402 | €23,967 | -€12,435 | -34.2% |
| Amounts payable within one year | 42/48 | €132,025 | €128,425 | -€3,600 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €12,004 | €12,435 | +€431 | +3.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,260 | €657 | -€603 | -47.9% |
| Suppliers | 440/4 | €1,260 | €657 | -€603 | -47.9% |
| Taxes, remuneration and social security | 45 | €2,652 | €0 | -€2,652 | -100.0% |
| Taxes | 450/3 | €2,652 | €0 | -€2,652 | -100.0% |
| Other amounts payable | 47/48 | €116,109 | €115,333 | -€775 | -0.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €2,610 | +€1,110 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,375 | €16,375 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,228 | €3,635 | -€1,592 | -30.5% |
| Gross operating margin | 9900 | €16,498 | €15,406 | -€1,092 | -6.6% |
| Operating profit (loss) | 9901 | -€5,104 | -€4,603 | +€501 | +9.8% |
| Financial income | 75/76B | €413 | €5,635 | +€5,223 | +1266.1% |
| Recurring financial income | 75 | €413 | €5,635 | +€5,223 | +1266.1% |
| Financial charges | 65/66B | €10,180 | €2,079 | -€8,101 | -79.6% |
| Recurring financial charges | 65 | €10,180 | €2,079 | -€8,101 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,871 | -€1,046 | +€13,825 | +93.0% |
| Income taxes | 67/77 | €160 | €132 | -€28 | -17.5% |
| Profit (loss) for the period | 9904 | -€15,031 | -€1,178 | +€13,853 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,031 | -€1,178 | +€13,853 | +92.2% |
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.