NOORDDUINEN: what changed
What changed
NOORDDUINEN
filed annual accounts (NBB)
Net result for the year
€4,861
2024 · -€8,519+€13,380
Equity
€476,812
2024 · €471,951+€4,861
Cash
€64,381
2024 · €52,768+€11,613
Balance sheet total
€514,969
2024 · €519,698-€4,729
Largest movements
Assets
- Tangible fixed assets -€21,590
down €21,590 (-5.5%), from €389,039 to €367,448
of which Land and buildings: -€21,135
- Cash +€11,613
up €11,613 (+22.0%), from €52,768 to €64,381
mainly Depreciation (+€45,811) and Net result for the year (+€4,861)
- Receivables within one year +€7,663
up €7,663 (+11.5%), from €66,920 to €74,583
of which Other amounts receivable: +€6,271
Equity and liabilities
- Profit (loss) carried forward +€23,153
up €23,153 (+11.8%), from €196,939 to €220,092
- Reserves -€18,292
down €18,292 (-42.3%), from €43,232 to €24,940
- Provisions -€9,419
down €9,419 (-42.3%), from €22,261 to €12,842
Income statement
- Gross operating margin +€13,622
up €13,622 (+49.1%), from €27,758 to €41,380
- Taxes +€825
new in 2025: €825
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
-€8,519
Gross operating margin
+€13,622
Depreciation
+€296
Other operating charges
+€218
Financial income
+€146
Financial charges
-€77
Taxes
-€825
Result 2025
€4,861
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
+€33,571
Investment
-€24,220
Financing
+€2,262
Cash 2024
€52,768
From operations (derived)
+€33,571
Net result for the year
+€4,861
Depreciation
+€45,811
Receivables within one year
-€7,663
Deferred charges and accrued income
+€2,415
Provisions
-€9,419
Trade debts
-€810
Other debts
-€1,624
Investment (derived)
-€24,220
Investment in fixed assets (net)
-€24,220
Financing
+€2,262
Debts after one year
+€2,400
Current portion of long-term debt
-€333
Short-term financial debts
+€196
Cash 2025
€64,381
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €519,698 | €514,969 | -€4,729 | -0.9% |
| Fixed assets | 21/28 | €389,039 | €367,448 | -€21,590 | -5.5% |
| Tangible fixed assets | 22/27 | €389,039 | €367,448 | -€21,590 | -5.5% |
| Land and buildings | 22 | €382,238 | €361,103 | -€21,135 | -5.5% |
| Plant, machinery and equipment | 23 | €6,040 | €6,040 | = | 0.0% |
| Furniture and vehicles | 24 | €761 | €306 | -€455 | -59.8% |
| Current assets | 29/58 | €130,659 | €147,520 | +€16,861 | +12.9% |
| Amounts receivable within one year | 40/41 | €66,920 | €74,583 | +€7,663 | +11.5% |
| Trade receivables | 40 | - | €1,392 | +€1,392 | |
| Other amounts receivable | 41 | €66,920 | €73,191 | +€6,271 | +9.4% |
| Cash at bank and in hand | 54/58 | €52,768 | €64,381 | +€11,613 | +22.0% |
| Deferred charges and accrued income | 490/1 | €10,971 | €8,557 | -€2,415 | -22.0% |
| Total equity and liabilities | 10/49 | €519,698 | €514,969 | -€4,729 | -0.9% |
| Equity | 10/15 | €471,951 | €476,812 | +€4,861 | +1.0% |
| Contributions | 10/11 | €231,781 | €231,781 | = | 0.0% |
| Reserves | 13 | €43,232 | €24,940 | -€18,292 | -42.3% |
| Tax-exempt reserves | 132 | €43,232 | €24,940 | -€18,292 | -42.3% |
| Profit (loss) carried forward | 14 | €196,939 | €220,092 | +€23,153 | +11.8% |
| Provisions and deferred taxes | 16 | €22,261 | €12,842 | -€9,419 | -42.3% |
| Deferred taxes | 168 | €22,261 | €12,842 | -€9,419 | -42.3% |
| Amounts payable | 17/49 | €25,486 | €25,315 | -€171 | -0.7% |
| Amounts payable after more than one year | 17 | €3,000 | €5,400 | +€2,400 | +80.0% |
| Other amounts payable | 178/9 | €3,000 | €5,400 | +€2,400 | +80.0% |
| Amounts payable within one year | 42/48 | €21,186 | €18,615 | -€2,571 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €1,667 | €1,333 | -€333 | -20.0% |
| Financial debts | 43 | - | €196 | +€196 | |
| Credit institutions | 430/8 | - | €196 | +€196 | |
| Trade debts | 44 | €6,484 | €5,674 | -€810 | -12.5% |
| Suppliers | 440/4 | €6,484 | €5,674 | -€810 | -12.5% |
| Other amounts payable | 47/48 | €13,036 | €11,412 | -€1,624 | -12.5% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,107 | €45,811 | -€296 | -0.6% |
| Other operating charges | 640/8 | €1,522 | €1,304 | -€218 | -14.4% |
| Gross operating margin | 9900 | €27,758 | €41,380 | +€13,622 | +49.1% |
| Operating profit (loss) | 9901 | -€19,870 | -€5,734 | +€14,137 | +71.1% |
| Financial income | 75/76B | €2,950 | €3,096 | +€146 | +5.0% |
| Recurring financial income | 75 | €2,950 | €3,096 | +€146 | +5.0% |
| Financial charges | 65/66B | €1,018 | €1,095 | +€77 | +7.6% |
| Recurring financial charges | 65 | €1,018 | €1,095 | +€77 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,938 | -€3,733 | +€14,205 | +79.2% |
| Transfer from deferred taxes | 780 | €9,419 | €9,419 | = | 0.0% |
| Income taxes | 67/77 | - | €825 | +€825 | |
| Profit (loss) for the period | 9904 | -€8,519 | €4,861 | +€13,380 | |
| Transfer from tax-exempt reserves | 789 | €18,292 | €18,292 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,773 | €23,153 | +€13,380 | +137% |
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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.