NOORDHINDER: 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.
NOORDHINDER
Largest movements
- Cash -€24,620
down €24,620 (-33.5%), from €73,418 to €48,798
mainly Contributions, distributions and other (-€68,000) and Other debts (-€27,157)
- Current investments +€20,222
up €20,222 (+29.9%), from €67,660 to €87,882
- Receivables within one year -€4,987
down €4,987 (-4.6%), from €108,987 to €104,000
- Tangible fixed assets -€4,173
down €4,173 (-11.0%), from €38,076 to €33,903
of which Land and buildings: -€2,600
- Other debts -€27,157
down €27,157 (-66.7%), from €40,700 to €13,543
- Reserves +€11,939
up €11,939 (+5.4%), from €222,598 to €234,536
- Taxes +€4,084
up €4,084 (+11.7%), from €34,786 to €38,870
- Gross operating margin +€1,239
up €1,239 (+1.0%), from €118,306 to €119,545
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 | €288,141 | €274,583 | -€13,558 | -4.7% |
| Fixed assets | 21/28 | €38,076 | €33,903 | -€4,173 | -11.0% |
| Tangible fixed assets | 22/27 | €38,076 | €33,903 | -€4,173 | -11.0% |
| Land and buildings | 22 | €36,400 | €33,800 | -€2,600 | -7.1% |
| Furniture and vehicles | 24 | €1,676 | €103 | -€1,573 | -93.8% |
| Current assets | 29/58 | €250,065 | €240,680 | -€9,385 | -3.8% |
| Amounts receivable within one year | 40/41 | €108,987 | €104,000 | -€4,987 | -4.6% |
| Other amounts receivable | 41 | €108,987 | €104,000 | -€4,987 | -4.6% |
| Current investments | 50/53 | €67,660 | €87,882 | +€20,222 | +29.9% |
| Cash at bank and in hand | 54/58 | €73,418 | €48,798 | -€24,620 | -33.5% |
| Total equity and liabilities | 10/49 | €288,141 | €274,583 | -€13,558 | -4.7% |
| Equity | 10/15 | €228,798 | €240,736 | +€11,939 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €222,598 | €234,536 | +€11,939 | +5.4% |
| Distributable reserves | 133 | €222,598 | €234,536 | +€11,939 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,344 | €33,847 | -€25,497 | -43.0% |
| Amounts payable within one year | 42/48 | €59,344 | €33,847 | -€25,497 | -43.0% |
| Taxes, remuneration and social security | 45 | €18,644 | €20,304 | +€1,661 | +8.9% |
| Taxes | 450/3 | €18,644 | €18,404 | -€240 | -1.3% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Other amounts payable | 47/48 | €40,700 | €13,543 | -€27,157 | -66.7% |
| Remuneration, social security and pensions | 62 | €624 | €0 | -€624 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,173 | €4,173 | = | 0.0% |
| Other operating charges | 640/8 | €767 | €811 | +€44 | +5.8% |
| Gross operating margin | 9900 | €118,306 | €119,545 | +€1,239 | +1.0% |
| Operating profit (loss) | 9901 | €112,742 | €114,560 | +€1,819 | +1.6% |
| Financial income | 75/76B | €4,174 | €4,199 | +€25 | +0.6% |
| Recurring financial income | 75 | €4,174 | €4,199 | +€25 | +0.6% |
| Financial charges | 65/66B | €33 | -€50 | -€83 | |
| Recurring financial charges | 65 | €33 | -€50 | -€83 | |
| Profit (loss) for the period before taxes | 9903 | €116,882 | €118,809 | +€1,927 | +1.6% |
| Income taxes | 67/77 | €34,786 | €38,870 | +€4,084 | +11.7% |
| Profit (loss) for the period | 9904 | €82,097 | €79,939 | -€2,158 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,097 | €79,939 | -€2,158 | -2.6% |
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 26 October 2026 via checked.be.