Noord-Zuid: what changed
What changed
Noord-Zuid
NACE 55.204, Guest rooms (bed and breakfast)
filed annual accounts (NBB)
Net result for the year
€6,295
2024 · €12,287-€5,992
Equity
€73,663
2024 · €67,368+€6,295
Cash
€53,560
2024 · €36,174+€17,387
Balance sheet total
€97,852
2024 · €93,550+€4,302
Largest movements
Assets
- Cash +€17,387
up €17,387 (+48.1%), from €36,174 to €53,560
mainly Depreciation (+€14,698) and Net result for the year (+€6,295)
- Tangible fixed assets -€13,555
down €13,555 (-24.4%), from €55,633 to €42,078
of which Furniture and vehicles: -€13,316
Equity and liabilities
- Reserves +€6,295
up €6,295 (+12.9%), from €48,768 to €55,063
- Trade debts -€2,371
down €2,371 (-55.6%), from €4,262 to €1,890
- Other debts +€995
up €995 (+6.4%), from €15,611 to €16,607
Income statement
- Gross operating margin -€8,745
down €8,745 (-16.4%), from €53,203 to €44,458
- Taxes -€3,038
down €3,038 (-45.2%), from €6,726 to €3,688
- Staff costs +€635
up €635 (+4.0%), from €15,998 to €16,633
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
€12,287
Gross operating margin
-€8,745
Staff costs
-€635
Depreciation
-€11
Other operating charges
+€84
Financial income
+€112
Financial charges
+€165
Taxes
+€3,038
Result 2025
€6,295
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
+€18,530
Investment
-€1,143
Financing
€0
Cash 2024
€36,174
From operations (derived)
+€18,530
Net result for the year
+€6,295
Depreciation
+€14,698
Stocks and contracts
+€31
Receivables within one year
-€373
Deferred charges and accrued income
-€128
Trade debts
-€2,371
Tax, wage and social debts
-€618
Other debts
+€995
Investment (derived)
-€1,143
Investment in fixed assets (net)
-€1,143
Cash 2025
€53,560
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,550 | €97,852 | +€4,302 | +4.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €55,633 | €42,078 | -€13,555 | -24.4% |
| Tangible fixed assets | 22/27 | €55,633 | €42,078 | -€13,555 | -24.4% |
| Land and buildings | 22 | €1,470 | €1,231 | -€239 | -16.3% |
| Furniture and vehicles | 24 | €54,163 | €40,847 | -€13,316 | -24.6% |
| Current assets | 29/58 | €37,917 | €55,774 | +€17,857 | +47.1% |
| Stocks and contracts in progress | 3 | €345 | €314 | -€31 | -9.0% |
| Stocks | 30/36 | €345 | €314 | -€31 | -9.0% |
| Amounts receivable within one year | 40/41 | €1,365 | €1,738 | +€373 | +27.3% |
| Trade receivables | 40 | €1,365 | €416 | -€949 | -69.5% |
| Other amounts receivable | 41 | - | €1,322 | +€1,322 | |
| Cash at bank and in hand | 54/58 | €36,174 | €53,560 | +€17,387 | +48.1% |
| Deferred charges and accrued income | 490/1 | €34 | €162 | +€128 | +377% |
| Total equity and liabilities | 10/49 | €93,550 | €97,852 | +€4,302 | +4.6% |
| Equity | 10/15 | €67,368 | €73,663 | +€6,295 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,768 | €55,063 | +€6,295 | +12.9% |
| Distributable reserves | 133 | €48,768 | €55,063 | +€6,295 | +12.9% |
| Amounts payable | 17/49 | €26,182 | €24,189 | -€1,994 | -7.6% |
| Amounts payable within one year | 42/48 | €26,182 | €24,189 | -€1,994 | -7.6% |
| Trade debts | 44 | €4,262 | €1,890 | -€2,371 | -55.6% |
| Suppliers | 440/4 | €4,262 | €1,890 | -€2,371 | -55.6% |
| Taxes, remuneration and social security | 45 | €6,309 | €5,691 | -€618 | -9.8% |
| Taxes | 450/3 | €6,006 | €5,691 | -€314 | -5.2% |
| Remuneration and social security | 454/9 | €304 | - | -€304 | |
| Other amounts payable | 47/48 | €15,611 | €16,607 | +€995 | +6.4% |
| Remuneration, social security and pensions | 62 | €15,998 | €16,633 | +€635 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,687 | €14,698 | +€11 | +0.1% |
| Other operating charges | 640/8 | €1,953 | €1,869 | -€84 | -4.3% |
| Gross operating margin | 9900 | €53,203 | €44,458 | -€8,745 | -16.4% |
| Operating profit (loss) | 9901 | €20,565 | €11,258 | -€9,307 | -45.3% |
| Financial income | 75/76B | €92 | €204 | +€112 | +121% |
| Recurring financial income | 75 | €92 | €204 | +€112 | +121% |
| Financial charges | 65/66B | €1,644 | €1,479 | -€165 | -10.0% |
| Recurring financial charges | 65 | €1,644 | €1,479 | -€165 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €19,014 | €9,983 | -€9,030 | -47.5% |
| Income taxes | 67/77 | €6,726 | €3,688 | -€3,038 | -45.2% |
| Profit (loss) for the period | 9904 | €12,287 | €6,295 | -€5,992 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,287 | €6,295 | -€5,992 | -48.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 7 November 2026 via checked.be.