NOORD-TR: 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-TR
Largest movements
- Receivables within one year +€20,276
up €20,276 (+99.7%), from €20,330 to €40,606
of which Trade receivables: +€11,684
- Cash +€7,085
up €7,085 (+124.1%), from €5,710 to €12,795
mainly Trade debts (+€15,243) and Tax, wage and social debts (+€8,727)
- Intangible fixed assets -€1,500
down €1,500 (-57.1%), from €2,625 to €1,125
- Tangible fixed assets -€667
no longer reported in 2025 (was €667)
- Trade debts +€15,243
up €15,243 (+367.9%), from €4,143 to €19,385
- Tax, wage and social debts +€8,727
up €8,727 (+135.5%), from €6,440 to €15,167
of which Remuneration and social security: +€7,871
- Profit (loss) carried forward +€1,224
up €1,224 (+10.8%), from €11,360 to €12,584
- Staff costs +€21,149
up €21,149 (+72.8%), from €29,059 to €50,208
- Gross operating margin +€20,401
up €20,401 (+56.5%), from €36,091 to €56,493
- Financial charges +€770
up €770 (+178.6%), from €431 to €1,202
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 | €40,964 | €66,158 | +€25,194 | +61.5% |
| Fixed assets | 21/28 | €8,292 | €6,125 | -€2,167 | -26.1% |
| Intangible fixed assets | 21 | €2,625 | €1,125 | -€1,500 | -57.1% |
| Tangible fixed assets | 22/27 | €667 | - | -€667 | |
| Furniture and vehicles | 24 | €667 | - | -€667 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €32,672 | €60,033 | +€27,360 | +83.7% |
| Stocks and contracts in progress | 3 | €6,632 | €6,632 | = | 0.0% |
| Stocks | 30/36 | €6,632 | €6,632 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,330 | €40,606 | +€20,276 | +99.7% |
| Trade receivables | 40 | - | €11,684 | +€11,684 | |
| Other amounts receivable | 41 | €20,330 | €28,922 | +€8,592 | +42.3% |
| Cash at bank and in hand | 54/58 | €5,710 | €12,795 | +€7,085 | +124.1% |
| Total equity and liabilities | 10/49 | €40,964 | €66,158 | +€25,194 | +61.5% |
| Equity | 10/15 | €30,381 | €31,605 | +€1,224 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €421 | €421 | = | 0.0% |
| Non-distributable reserves | 130/1 | €421 | €421 | = | 0.0% |
| Reserves not available under the articles | 1311 | €421 | €421 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,360 | €12,584 | +€1,224 | +10.8% |
| Amounts payable | 17/49 | €10,583 | €34,552 | +€23,970 | +226.5% |
| Amounts payable within one year | 42/48 | €10,583 | €34,552 | +€23,970 | +226.5% |
| Trade debts | 44 | €4,143 | €19,385 | +€15,243 | +367.9% |
| Suppliers | 440/4 | €4,143 | €19,385 | +€15,243 | +367.9% |
| Taxes, remuneration and social security | 45 | €6,440 | €15,167 | +€8,727 | +135.5% |
| Taxes | 450/3 | €6,440 | €7,296 | +€857 | +13.3% |
| Remuneration and social security | 454/9 | - | €7,871 | +€7,871 | |
| Remuneration, social security and pensions | 62 | €29,059 | €50,208 | +€21,149 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,167 | €2,167 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,984 | €2,545 | -€438 | -14.7% |
| Gross operating margin | 9900 | €36,091 | €56,493 | +€20,401 | +56.5% |
| Operating profit (loss) | 9901 | €1,883 | €1,573 | -€310 | -16.5% |
| Financial income | 75/76B | €939 | €1,340 | +€400 | +42.6% |
| Recurring financial income | 75 | €939 | €1,340 | +€400 | +42.6% |
| Financial charges | 65/66B | €431 | €1,202 | +€770 | +178.6% |
| Recurring financial charges | 65 | €431 | €1,202 | +€770 | +178.6% |
| Profit (loss) for the period before taxes | 9903 | €2,391 | €1,710 | -€680 | -28.5% |
| Income taxes | 67/77 | - | €487 | +€487 | |
| Profit (loss) for the period | 9904 | €2,391 | €1,224 | -€1,167 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,391 | €1,224 | -€1,167 | -48.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.