NOORD-IMMO: 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-IMMO
Largest movements
- Receivables within one year -€49,983
down €49,983 (-28.5%), from €175,082 to €125,099
of which Trade receivables: -€62,377
- Cash +€39,781
up €39,781 (+1,068%), from €3,723 to €43,505
mainly Receivables within one year (+€49,983) and Depreciation (+€28,996)
- Receivables after one year +€30,000
up €30,000 (+11.5%), from €261,000 to €291,000
- Tangible fixed assets -€8,070
down €8,070 (-2.8%), from €290,226 to €282,156
of which Other tangible fixed assets: -€14,122
- Current portion of long-term debt -€24,140
no longer reported in 2026 (was €24,140)
- Short-term financial debts +€20,440
new in 2026: €20,440
- Reserves +€13,583
up €13,583 (+5.6%), from €241,654 to €255,236
of which Distributable reserves: +€13,583
- Gross operating margin -€35,760
down €35,760 (-28.0%), from €127,613 to €91,853
- Staff costs -€14,445
down €14,445 (-25.9%), from €55,867 to €41,422
- Depreciation +€6,106
up €6,106 (+26.7%), from €22,890 to €28,996
- Taxes -€5,231
down €5,231 (-40.0%), from €13,082 to €7,851
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €730,031 | €741,760 | +€11,729 | +1.6% |
| Fixed assets | 21/28 | €290,226 | €282,156 | -€8,070 | -2.8% |
| Tangible fixed assets | 22/27 | €290,226 | €282,156 | -€8,070 | -2.8% |
| Land and buildings | 22 | €68,338 | €68,338 | = | 0.0% |
| Plant, machinery and equipment | 23 | €48,637 | €55,818 | +€7,180 | +14.8% |
| Furniture and vehicles | 24 | €4,092 | €2,965 | -€1,128 | -27.6% |
| Other tangible fixed assets | 26 | €169,158 | €155,036 | -€14,122 | -8.3% |
| Current assets | 29/58 | €439,805 | €459,604 | +€19,798 | +4.5% |
| Amounts receivable after more than one year | 29 | €261,000 | €291,000 | +€30,000 | +11.5% |
| Other amounts receivable | 291 | €261,000 | €291,000 | +€30,000 | +11.5% |
| Amounts receivable within one year | 40/41 | €175,082 | €125,099 | -€49,983 | -28.5% |
| Trade receivables | 40 | €67,808 | €5,431 | -€62,377 | -92.0% |
| Other amounts receivable | 41 | €107,274 | €119,668 | +€12,394 | +11.6% |
| Cash at bank and in hand | 54/58 | €3,723 | €43,505 | +€39,781 | +1,068% |
| Total equity and liabilities | 10/49 | €730,031 | €741,760 | +€11,729 | +1.6% |
| Equity | 10/15 | €664,982 | €678,565 | +€13,583 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,654 | €255,236 | +€13,583 | +5.6% |
| Non-distributable reserves | 130/1 | €4,462 | €4,462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,462 | €4,462 | = | 0.0% |
| Distributable reserves | 133 | €237,192 | €250,774 | +€13,583 | +5.7% |
| Profit (loss) carried forward | 14 | €404,728 | €404,728 | = | 0.0% |
| Amounts payable | 17/49 | €65,049 | €63,196 | -€1,854 | -2.9% |
| Amounts payable within one year | 42/48 | €64,319 | €62,466 | -€1,854 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €24,140 | - | -€24,140 | |
| Financial debts | 43 | - | €20,440 | +€20,440 | |
| Credit institutions | 430/8 | - | €20,440 | +€20,440 | |
| Trade debts | 44 | €12,285 | €18,626 | +€6,341 | +51.6% |
| Suppliers | 440/4 | €12,285 | €18,626 | +€6,341 | +51.6% |
| Taxes, remuneration and social security | 45 | €26,738 | €22,632 | -€4,106 | -15.4% |
| Taxes | 450/3 | €19,210 | €18,182 | -€1,027 | -5.3% |
| Remuneration and social security | 454/9 | €7,529 | €4,450 | -€3,079 | -40.9% |
| Other amounts payable | 47/48 | €1,156 | €767 | -€389 | -33.6% |
| Accrued charges and deferred income | 492/3 | €730 | €730 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €55,867 | €41,422 | -€14,445 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,890 | €28,996 | +€6,106 | +26.7% |
| Other operating charges | 640/8 | €3,753 | €3,340 | -€413 | -11.0% |
| Gross operating margin | 9900 | €127,613 | €91,853 | -€35,760 | -28.0% |
| Operating profit (loss) | 9901 | €45,103 | €18,095 | -€27,008 | -59.9% |
| Financial income | 75/76B | €5,160 | €5,720 | +€560 | +10.9% |
| Recurring financial income | 75 | €5,160 | €5,720 | +€560 | +10.9% |
| Financial charges | 65/66B | €1,595 | €2,381 | +€786 | +49.2% |
| Recurring financial charges | 65 | €1,595 | €2,381 | +€786 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €48,668 | €21,434 | -€27,234 | -56.0% |
| Income taxes | 67/77 | €13,082 | €7,851 | -€5,231 | -40.0% |
| Profit (loss) for the period | 9904 | €35,586 | €13,583 | -€22,003 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,586 | €13,583 | -€22,003 | -61.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.