Noord-West: 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-West
Largest movements
- Receivables within one year +€116,587
up €116,587 (+124%), from €94,321 to €210,909
of which Trade receivables: +€116,578
- Tangible fixed assets -€14,836
down €14,836 (-96.8%), from €15,328 to €492
of which Furniture and vehicles: -€15,281
- Cash -€2,137
down €2,137 (-99.9%), from €2,138 to €1
- Other debts +€105,894
up €105,894 (+265%), from €39,966 to €145,860
- Profit (loss) carried forward -€36,088
no longer reported in 2024 (was €36,088)
- Tax, wage and social debts +€16,345
up €16,345 (+343%), from €4,769 to €21,114
- Trade debts +€12,848
up €12,848 (+119%), from €10,808 to €23,656
- Gross operating margin +€38,822
up €38,822, from -€5,723 to €33,100
- Other operating charges +€22,917
up €22,917 (+1,179%), from €1,944 to €24,861
- Depreciation -€9,773
down €9,773 (-96.8%), from €10,095 to €322
- Financial charges +€3,259
up €3,259 (+843%), from €387 to €3,645
- Taxes +€2,226
up €2,226 (+1,862%), from €120 to €2,346
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,090 | €213,488 | +€101,397 | +90.5% |
| Fixed assets | 21/28 | €15,328 | €492 | -€14,836 | -96.8% |
| Tangible fixed assets | 22/27 | €15,328 | €492 | -€14,836 | -96.8% |
| Plant, machinery and equipment | 23 | €47 | €492 | +€445 | +938% |
| Furniture and vehicles | 24 | €15,281 | - | -€15,281 | |
| Current assets | 29/58 | €96,762 | €212,996 | +€116,233 | +120% |
| Amounts receivable within one year | 40/41 | €94,321 | €210,909 | +€116,587 | +124% |
| Trade receivables | 40 | €94,183 | €210,761 | +€116,578 | +124% |
| Other amounts receivable | 41 | €138 | €148 | +€10 | +7.1% |
| Cash at bank and in hand | 54/58 | €2,138 | €1 | -€2,137 | -99.9% |
| Deferred charges and accrued income | 490/1 | €303 | €2,085 | +€1,782 | +588% |
| Total equity and liabilities | 10/49 | €112,090 | €213,488 | +€101,397 | +90.5% |
| Equity | 10/15 | €56,548 | €21,602 | -€34,946 | -61.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €3,002 | +€1,142 | +61.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €1,142 | +€1,142 | |
| Profit (loss) carried forward | 14 | €36,088 | - | -€36,088 | |
| Amounts payable | 17/49 | €55,543 | €191,886 | +€136,343 | +245% |
| Amounts payable within one year | 42/48 | €55,543 | €191,886 | +€136,343 | +245% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €1,257 | +€1,257 | |
| Credit institutions | 430/8 | - | €1,257 | +€1,257 | |
| Trade debts | 44 | €10,808 | €23,656 | +€12,848 | +119% |
| Suppliers | 440/4 | €10,808 | €23,656 | +€12,848 | +119% |
| Taxes, remuneration and social security | 45 | €4,769 | €21,114 | +€16,345 | +343% |
| Taxes | 450/3 | €4,769 | €21,114 | +€16,345 | +343% |
| Other amounts payable | 47/48 | €39,966 | €145,860 | +€105,894 | +265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,095 | €322 | -€9,773 | -96.8% |
| Other operating charges | 640/8 | €1,944 | €24,861 | +€22,917 | +1,179% |
| Gross operating margin | 9900 | -€5,723 | €33,100 | +€38,822 | |
| Operating profit (loss) | 9901 | -€17,762 | €7,917 | +€25,678 | |
| Financial income | 75/76B | €100 | €8 | -€91 | -91.5% |
| Recurring financial income | 75 | €100 | €8 | -€91 | -91.5% |
| Financial charges | 65/66B | €387 | €3,645 | +€3,259 | +843% |
| Recurring financial charges | 65 | €387 | €3,645 | +€3,259 | +843% |
| Profit (loss) for the period before taxes | 9903 | -€18,048 | €4,280 | +€22,328 | |
| Income taxes | 67/77 | €120 | €2,346 | +€2,226 | +1,862% |
| Profit (loss) for the period | 9904 | -€18,168 | €1,934 | +€20,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,168 | €1,934 | +€20,102 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.