NOORD-OVER: 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-OVER
Largest movements
- Tangible fixed assets +€158,384
up €158,384 (+10.3%), from €1.5m to €1.7m
of which Land and buildings: +€160,261
- Receivables within one year +€20,199
up €20,199 (+14,330%), from €141 to €20,340
- Debts after one year +€168,540
up €168,540 (+25.8%), from €653,245 to €821,785
of which Financial debts: +€169,965
- Profit (loss) carried forward -€42,609
down €42,609 (-59.6%), from -€71,435 to -€114,044
- Other debts +€23,676
up €23,676 (+219%), from €10,832 to €34,508
- Tax, wage and social debts +€19,919
up €19,919 (+13,568%), from €147 to €20,066
- Financial charges +€9,728
up €9,728 (+121%), from €8,016 to €17,744
- Gross operating margin -€4,581
down €4,581 (-12.3%), from €37,167 to €32,585
- Depreciation +€2,204
up €2,204 (+4.9%), from €45,397 to €47,601
- Other operating charges +€1,574
up €1,574 (+19.0%), from €8,276 to €9,850
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 | €1,546,910 | €1,724,872 | +€177,963 | +11.5% |
| Fixed assets | 21/28 | €1,544,718 | €1,703,102 | +€158,384 | +10.3% |
| Tangible fixed assets | 22/27 | €1,544,718 | €1,703,102 | +€158,384 | +10.3% |
| Land and buildings | 22 | €1,534,954 | €1,695,214 | +€160,261 | +10.4% |
| Plant, machinery and equipment | 23 | €9,764 | €7,887 | -€1,877 | -19.2% |
| Current assets | 29/58 | €2,192 | €21,770 | +€19,579 | +893% |
| Amounts receivable within one year | 40/41 | €141 | €20,340 | +€20,199 | +14,330% |
| Other amounts receivable | 41 | €141 | €20,340 | +€20,199 | +14,330% |
| Cash at bank and in hand | 54/58 | €199 | €1,004 | +€805 | +404% |
| Deferred charges and accrued income | 490/1 | €1,852 | €426 | -€1,425 | -77.0% |
| Total equity and liabilities | 10/49 | €1,546,910 | €1,724,872 | +€177,963 | +11.5% |
| Equity | 10/15 | €848,565 | €805,956 | -€42,609 | -5.0% |
| Contributions | 10/11 | €920,000 | €920,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,435 | -€114,044 | -€42,609 | -59.6% |
| Amounts payable | 17/49 | €698,345 | €918,916 | +€220,572 | +31.6% |
| Amounts payable after more than one year | 17 | €653,245 | €821,785 | +€168,540 | +25.8% |
| Financial debts | 170/4 | €651,720 | €821,685 | +€169,965 | +26.1% |
| Other amounts payable | 178/9 | €1,525 | €100 | -€1,425 | -93.4% |
| Amounts payable within one year | 42/48 | €45,100 | €97,132 | +€52,032 | +115% |
| Current portion of amounts payable after more than one year | 42 | €33,788 | €42,222 | +€8,434 | +25.0% |
| Trade debts | 44 | €333 | €335 | +€2 | +0.7% |
| Suppliers | 440/4 | €333 | €335 | +€2 | +0.7% |
| Taxes, remuneration and social security | 45 | €147 | €20,066 | +€19,919 | +13,568% |
| Taxes | 450/3 | €147 | €20,066 | +€19,919 | +13,568% |
| Other amounts payable | 47/48 | €10,832 | €34,508 | +€23,676 | +219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,397 | €47,601 | +€2,204 | +4.9% |
| Other operating charges | 640/8 | €8,276 | €9,850 | +€1,574 | +19.0% |
| Gross operating margin | 9900 | €37,167 | €32,585 | -€4,581 | -12.3% |
| Operating profit (loss) | 9901 | -€16,507 | -€24,865 | -€8,359 | -50.6% |
| Financial charges | 65/66B | €8,016 | €17,744 | +€9,728 | +121% |
| Recurring financial charges | 65 | €8,016 | €17,744 | +€9,728 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€24,522 | -€42,609 | -€18,087 | -73.8% |
| Profit (loss) for the period | 9904 | -€24,522 | -€42,609 | -€18,087 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,522 | -€42,609 | -€18,087 | -73.8% |
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 19 October 2026 via checked.be.