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
- Cash -€140,543
down €140,543 (-41.6%), from €337,841 to €197,299
mainly Contributions, distributions and other (-€121,327) and Tax, wage and social debts (-€19,402)
- Tangible fixed assets -€24,337
down €24,337 (-4.2%), from €576,725 to €552,388
- Reserves -€127,052
down €127,052 (-25.9%), from €491,369 to €364,317
of which Distributable reserves: -€127,052
- Tax, wage and social debts -€19,402
down €19,402 (-73.6%), from €26,345 to €6,944
of which Taxes: -€19,429
- Gross operating margin -€395,560
down €395,560 (-92.7%), from €426,880 to €31,320
- Taxes -€127,168
down €127,168 (-99.9%), from €127,347 to €179
- Financial income -€8,094
down €8,094 (-61.4%), from €13,191 to €5,097
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 | €1,057,539 | €893,490 | -€164,049 | -15.5% |
| Fixed assets | 21/28 | €576,725 | €552,388 | -€24,337 | -4.2% |
| Tangible fixed assets | 22/27 | €576,725 | €552,388 | -€24,337 | -4.2% |
| Land and buildings | 22 | €576,725 | €552,388 | -€24,337 | -4.2% |
| Current assets | 29/58 | €480,814 | €341,102 | -€139,712 | -29.1% |
| Amounts receivable within one year | 40/41 | €107,876 | €108,632 | +€756 | +0.7% |
| Trade receivables | 40 | €7,876 | €7,775 | -€101 | -1.3% |
| Other amounts receivable | 41 | €100,000 | €100,857 | +€857 | +0.9% |
| Current investments | 50/53 | €29,703 | €29,734 | +€31 | +0.1% |
| Cash at bank and in hand | 54/58 | €337,841 | €197,299 | -€140,543 | -41.6% |
| Deferred charges and accrued income | 490/1 | €5,394 | €5,437 | +€43 | +0.8% |
| Total equity and liabilities | 10/49 | €1,057,539 | €893,490 | -€164,049 | -15.5% |
| Equity | 10/15 | €835,569 | €708,517 | -€127,052 | -15.2% |
| Contributions | 10/11 | €344,200 | €344,200 | = | 0.0% |
| Reserves | 13 | €491,369 | €364,317 | -€127,052 | -25.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €491,369 | €364,317 | -€127,052 | -25.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €221,970 | €184,972 | -€36,998 | -16.7% |
| Amounts payable within one year | 42/48 | €199,565 | €170,907 | -€28,659 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €61 | €0 | -€61 | -100% |
| Other loans | 439 | €61 | €0 | -€61 | -100% |
| Trade debts | 44 | €5,503 | €2,192 | -€3,311 | -60.2% |
| Suppliers | 440/4 | €5,503 | €2,192 | -€3,311 | -60.2% |
| Taxes, remuneration and social security | 45 | €26,345 | €6,944 | -€19,402 | -73.6% |
| Taxes | 450/3 | €21,695 | €2,266 | -€19,429 | -89.6% |
| Remuneration and social security | 454/9 | €4,650 | €4,677 | +€27 | +0.6% |
| Other amounts payable | 47/48 | €167,656 | €161,771 | -€5,885 | -3.5% |
| Accrued charges and deferred income | 492/3 | €22,404 | €14,065 | -€8,339 | -37.2% |
| Non-recurring operating income | 76A | €390,553 | €0 | -€390,553 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,337 | €24,337 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,673 | €4,516 | -€157 | -3.4% |
| Gross operating margin | 9900 | €426,880 | €31,320 | -€395,560 | -92.7% |
| Operating profit (loss) | 9901 | €397,870 | €2,467 | -€395,403 | -99.4% |
| Financial income | 75/76B | €13,191 | €5,097 | -€8,094 | -61.4% |
| Recurring financial income | 75 | €13,191 | €5,097 | -€8,094 | -61.4% |
| Financial charges | 65/66B | €12,162 | €13,109 | +€948 | +7.8% |
| Recurring financial charges | 65 | €12,162 | €13,109 | +€948 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €398,899 | -€5,546 | -€404,445 | |
| Income taxes | 67/77 | €127,347 | €179 | -€127,168 | -99.9% |
| Profit (loss) for the period | 9904 | €271,552 | -€5,725 | -€277,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €271,552 | -€5,725 | -€277,277 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.