Noord-West: what changed
What changed
Noord-West
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€45,828
2024 · €153,458-€107,629
Equity
€704,514
2024 · €660,352+€44,162
Cash
€18,701
2024 · €27,337-€8,636
Balance sheet total
€949,445
2024 · €1.0m-€64,987
Largest movements
Assets
- Current investments -€98,716
no longer reported in 2025 (was €98,716)
- Receivables after one year +€40,000
new in 2025: €40,000
- Tangible fixed assets -€26,098
down €26,098 (-12.3%), from €211,794 to €185,697
of which Land and buildings: -€16,149
- Receivables within one year +€18,162
up €18,162 (+82.1%), from €22,116 to €40,279
of which Trade receivables: +€19,322
- Deferred charges and accrued income +€10,300
up €10,300 (+650%), from €1,584 to €11,884
Equity and liabilities
- Other debts -€112,563
down €112,563 (-34.4%), from €327,423 to €214,860
- Reserves +€44,162
up €44,162 (+9.8%), from €449,784 to €493,946
of which Distributable reserves: +€52,284
Income statement
- Financial income -€161,109
down €161,109 (-98.4%), from €163,696 to €2,588
- Gross operating margin +€60,672
up €60,672 (+152%), from €40,023 to €100,695
- Taxes +€6,114
up €6,114 (+28.5%), from €21,426 to €27,540
- Financial charges +€1,648
up €1,648 (+308%), from €535 to €2,183
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€153,458
Gross operating margin
+€60,672
Depreciation
+€307
Other operating charges
+€262
Financial income
-€161,109
Financial charges
-€1,648
Taxes
-€6,114
Result 2025
€45,828
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€103,536
Investment
+€96,567
Financing
-€1,666
Cash 2024
€27,337
From operations (derived)
-€103,536
Net result for the year
+€45,828
Depreciation
+€28,247
Receivables after one year
-€40,000
Receivables within one year
-€18,162
Deferred charges and accrued income
-€10,300
Provisions
-€2,707
Trade debts
+€2,294
Tax, wage and social debts
+€2,749
Other debts
-€112,563
Accrued charges and deferred income
+€1,077
Investment (derived)
+€96,567
Investment in fixed assets (net)
-€2,150
Current investments
+€98,716
Financing
-€1,666
Contributions, distributions and other
-€1,666
Cash 2025
€18,701
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,014,433 | €949,445 | -€64,987 | -6.4% |
| Fixed assets | 21/28 | €864,679 | €838,582 | -€26,098 | -3.0% |
| Tangible fixed assets | 22/27 | €211,794 | €185,697 | -€26,098 | -12.3% |
| Land and buildings | 22 | €148,693 | €132,544 | -€16,149 | -10.9% |
| Plant, machinery and equipment | 23 | €54,089 | €46,442 | -€7,647 | -14.1% |
| Furniture and vehicles | 24 | €9,012 | €6,711 | -€2,302 | -25.5% |
| Financial fixed assets | 28 | €652,885 | €652,885 | = | 0.0% |
| Current assets | 29/58 | €149,753 | €110,863 | -€38,890 | -26.0% |
| Amounts receivable after more than one year | 29 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €22,116 | €40,279 | +€18,162 | +82.1% |
| Trade receivables | 40 | €8,395 | €27,717 | +€19,322 | +230% |
| Other amounts receivable | 41 | €13,721 | €12,562 | -€1,159 | -8.4% |
| Current investments | 50/53 | €98,716 | - | -€98,716 | |
| Cash at bank and in hand | 54/58 | €27,337 | €18,701 | -€8,636 | -31.6% |
| Deferred charges and accrued income | 490/1 | €1,584 | €11,884 | +€10,300 | +650% |
| Total equity and liabilities | 10/49 | €1,014,433 | €949,445 | -€64,987 | -6.4% |
| Equity | 10/15 | €660,352 | €704,514 | +€44,162 | +6.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €449,784 | €493,946 | +€44,162 | +9.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,033 | €54,911 | -€8,121 | -12.9% |
| Distributable reserves | 133 | €380,551 | €432,835 | +€52,284 | +13.7% |
| Profit (loss) carried forward | 14 | €148,568 | €148,568 | = | 0.0% |
| Provisions and deferred taxes | 16 | €21,011 | €18,304 | -€2,707 | -12.9% |
| Deferred taxes | 168 | €21,011 | €18,304 | -€2,707 | -12.9% |
| Amounts payable | 17/49 | €333,070 | €226,627 | -€106,443 | -32.0% |
| Amounts payable within one year | 42/48 | €331,771 | €224,252 | -€107,520 | -32.4% |
| Trade debts | 44 | €167 | €2,461 | +€2,294 | +1,374% |
| Suppliers | 440/4 | €167 | €2,461 | +€2,294 | +1,374% |
| Taxes, remuneration and social security | 45 | €4,182 | €6,931 | +€2,749 | +65.7% |
| Taxes | 450/3 | €4,182 | €6,931 | +€2,749 | +65.7% |
| Other amounts payable | 47/48 | €327,423 | €214,860 | -€112,563 | -34.4% |
| Accrued charges and deferred income | 492/3 | €1,298 | €2,375 | +€1,077 | +83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,554 | €28,247 | -€307 | -1.1% |
| Other operating charges | 640/8 | €2,454 | €2,192 | -€262 | -10.7% |
| Gross operating margin | 9900 | €40,023 | €100,695 | +€60,672 | +152% |
| Operating profit (loss) | 9901 | €9,015 | €70,256 | +€61,241 | +679% |
| Financial income | 75/76B | €163,696 | €2,588 | -€161,109 | -98.4% |
| Recurring financial income | 75 | €163,696 | €2,588 | -€161,109 | -98.4% |
| Financial charges | 65/66B | €535 | €2,183 | +€1,648 | +308% |
| Recurring financial charges | 65 | €535 | €2,183 | +€1,648 | +308% |
| Profit (loss) for the period before taxes | 9903 | €172,176 | €70,661 | -€101,515 | -59.0% |
| Transfer from deferred taxes | 780 | €2,707 | €2,707 | +€0 | 0.0% |
| Income taxes | 67/77 | €21,426 | €27,540 | +€6,114 | +28.5% |
| Profit (loss) for the period | 9904 | €153,458 | €45,828 | -€107,629 | -70.1% |
| Transfer from tax-exempt reserves | 789 | €7,654 | €8,121 | +€467 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €161,112 | €53,950 | -€107,162 | -66.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.