Noorderlaan: 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.
What changed
Noorderlaan
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€217,906
2024 · -€209,920-€7,986
Equity
€7.7m
2024 · €7.9m-€217,906
Cash
€998
2024 · €445+€553
Balance sheet total
€17.5m
2024 · €16.3m+€1.1m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+80.3%), from €1.6m to €2.8m
Equity and liabilities
- Other debts +€1.6m
up €1.6m (+65.7%), from €2.4m to €4.0m
- Profit (loss) carried forward -€217,906
down €217,906 (-6.4%), from -€3.4m to -€3.6m
- Trade debts -€176,959
down €176,959 (-84.9%), from €208,447 to €31,487
Income statement
- Gross operating margin -€8,423
down €8,423 (-20.8%), from -€40,447 to -€48,869
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.
Result 2024
-€209,920
Gross operating margin
-€8,423
Other operating charges
-€33
Financial income
-€1
Financial charges
+€470
Result 2025
-€217,906
raises the resultlowers the result
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.
From operations
+€90,553
Investment
€0
Financing
-€90,000
Cash 2024
€445
From operations (derived)
+€90,553
Net result for the year
-€217,906
Depreciation
+€167,128
Stocks and contracts
-€1.3m
Receivables within one year
-€22,219
Deferred charges and accrued income
-€1,342
Trade debts
-€176,959
Other debts
+€1.6m
Accrued charges and deferred income
+€15,126
Financing
-€90,000
Short-term financial debts
-€90,000
Cash 2025
€998
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,331,259 | €17,453,833 | +€1.1m | +6.9% |
| Fixed assets | 21/28 | €14,713,224 | €14,546,096 | -€167,128 | -1.1% |
| Tangible fixed assets | 22/27 | €14,713,224 | €14,546,096 | -€167,128 | -1.1% |
| Land and buildings | 22 | €14,713,224 | €14,546,096 | -€167,128 | -1.1% |
| Current assets | 29/58 | €1,618,035 | €2,907,736 | +€1.3m | +79.7% |
| Stocks and contracts in progress | 3 | €1,575,864 | €2,841,451 | +€1.3m | +80.3% |
| Stocks | 30/36 | €1,575,864 | €2,841,451 | +€1.3m | +80.3% |
| Amounts receivable within one year | 40/41 | €39,372 | €61,591 | +€22,219 | +56.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €39,372 | €61,591 | +€22,219 | +56.4% |
| Cash at bank and in hand | 54/58 | €445 | €998 | +€553 | +124% |
| Deferred charges and accrued income | 490/1 | €2,354 | €3,696 | +€1,342 | +57.0% |
| Total equity and liabilities | 10/49 | €16,331,259 | €17,453,833 | +€1.1m | +6.9% |
| Equity | 10/15 | €7,903,605 | €7,685,699 | -€217,906 | -2.8% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €9,373,913 | €9,267,391 | -€106,522 | -1.1% |
| Reserves | 13 | €426,087 | €532,609 | +€106,522 | +25.0% |
| Distributable reserves | 133 | €426,087 | €532,609 | +€106,522 | +25.0% |
| Profit (loss) carried forward | 14 | -€3,396,395 | -€3,614,301 | -€217,906 | -6.4% |
| Amounts payable | 17/49 | €8,427,654 | €9,768,134 | +€1.3m | +15.9% |
| Amounts payable within one year | 42/48 | €8,422,445 | €9,747,798 | +€1.3m | +15.7% |
| Financial debts | 43 | €5,790,000 | €5,700,000 | -€90,000 | -1.6% |
| Credit institutions | 430/8 | €5,790,000 | €5,700,000 | -€90,000 | -1.6% |
| Trade debts | 44 | €208,447 | €31,487 | -€176,959 | -84.9% |
| Suppliers | 440/4 | €208,447 | €31,487 | -€176,959 | -84.9% |
| Other amounts payable | 47/48 | €2,423,998 | €4,016,311 | +€1.6m | +65.7% |
| Accrued charges and deferred income | 492/3 | €5,209 | €20,335 | +€15,126 | +290% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,128 | €167,128 | = | 0.0% |
| Other operating charges | 640/8 | €1,176 | €1,208 | +€33 | +2.8% |
| Gross operating margin | 9900 | -€40,447 | -€48,869 | -€8,423 | -20.8% |
| Operating profit (loss) | 9901 | -€208,750 | -€217,206 | -€8,456 | -4.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €1,171 | €701 | -€470 | -40.1% |
| Recurring financial charges | 65 | €1,171 | €701 | -€470 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€209,920 | -€217,906 | -€7,986 | -3.8% |
| Profit (loss) for the period | 9904 | -€209,920 | -€217,906 | -€7,986 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€209,920 | -€217,906 | -€7,986 | -3.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.