Noordhoek: 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.
Noordhoek
Largest movements
- Tangible fixed assets -€430,435
down €430,435 (-31.6%), from €1.4m to €931,629
of which Land and buildings: -€422,267
- Cash +€158,617
up €158,617 (+691,442%), from €23 to €158,640
mainly Investment in fixed assets (net) (+€402,102) and Net result for the year (+€64,081)
- Profit (loss) carried forward +€234,743
up €234,743 (+52.1%), from -€450,161 to -€215,418
- Debts after one year -€229,750
down €229,750 (-38.8%), from €592,001 to €362,251
- Reserves -€170,663
down €170,663 (-28.4%), from €601,475 to €430,813
- Provisions -€56,888
down €56,888 (-28.4%), from €200,492 to €143,604
- Current portion of long-term debt -€23,630
down €23,630 (-34.4%), from €68,643 to €45,013
- Gross operating margin +€75,202
up €75,202 (+130%), from €57,919 to €133,121
- Taxes +€71,352
up €71,352 (+1,018%), from €7,009 to €78,361
- Depreciation -€8,996
down €8,996 (-24.1%), from €37,328 to €28,333
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 | €1,371,131 | €1,099,976 | -€271,155 | -19.8% |
| Fixed assets | 21/28 | €1,362,064 | €931,629 | -€430,435 | -31.6% |
| Tangible fixed assets | 22/27 | €1,362,064 | €931,629 | -€430,435 | -31.6% |
| Land and buildings | 22 | €1,324,812 | €902,545 | -€422,267 | -31.9% |
| Furniture and vehicles | 24 | €37,252 | €29,085 | -€8,168 | -21.9% |
| Current assets | 29/58 | €9,067 | €168,347 | +€159,280 | +1,757% |
| Amounts receivable within one year | 40/41 | €2,591 | €3,061 | +€470 | +18.1% |
| Trade receivables | 40 | €2,591 | €3,061 | +€470 | +18.1% |
| Cash at bank and in hand | 54/58 | €23 | €158,640 | +€158,617 | +691,442% |
| Deferred charges and accrued income | 490/1 | €6,453 | €6,646 | +€193 | +3.0% |
| Total equity and liabilities | 10/49 | €1,371,131 | €1,099,976 | -€271,155 | -19.8% |
| Equity | 10/15 | €213,314 | €277,395 | +€64,081 | +30.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €601,475 | €430,813 | -€170,663 | -28.4% |
| Tax-exempt reserves | 132 | €601,475 | €430,813 | -€170,663 | -28.4% |
| Profit (loss) carried forward | 14 | -€450,161 | -€215,418 | +€234,743 | +52.1% |
| Provisions and deferred taxes | 16 | €200,492 | €143,604 | -€56,888 | -28.4% |
| Deferred taxes | 168 | €200,492 | €143,604 | -€56,888 | -28.4% |
| Amounts payable | 17/49 | €957,325 | €678,977 | -€278,348 | -29.1% |
| Amounts payable after more than one year | 17 | €592,001 | €362,251 | -€229,750 | -38.8% |
| Financial debts | 170/4 | €592,001 | €362,251 | -€229,750 | -38.8% |
| Amounts payable within one year | 42/48 | €365,324 | €316,726 | -€48,598 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €68,643 | €45,013 | -€23,630 | -34.4% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €19,366 | €7,509 | -€11,857 | -61.2% |
| Suppliers | 440/4 | €19,366 | €7,509 | -€11,857 | -61.2% |
| Taxes, remuneration and social security | 45 | €16,917 | €20,214 | +€3,297 | +19.5% |
| Taxes | 450/3 | €16,917 | €20,214 | +€3,297 | +19.5% |
| Other amounts payable | 47/48 | €250,397 | €243,990 | -€6,408 | -2.6% |
| Non-recurring operating income | 76A | - | €87,898 | +€87,898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,328 | €28,333 | -€8,996 | -24.1% |
| Other operating charges | 640/8 | €7,542 | €7,125 | -€417 | -5.5% |
| Gross operating margin | 9900 | €57,919 | €133,121 | +€75,202 | +130% |
| Operating profit (loss) | 9901 | €13,048 | €97,663 | +€84,615 | +648% |
| Financial income | 75/76B | - | €408 | +€408 | |
| Recurring financial income | 75 | - | €408 | +€408 | |
| Financial charges | 65/66B | €13,208 | €12,517 | -€691 | -5.2% |
| Recurring financial charges | 65 | €13,208 | €12,517 | -€691 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€159 | €85,554 | +€85,713 | |
| Transfer from deferred taxes | 780 | €6,447 | €56,888 | +€50,441 | +782% |
| Income taxes | 67/77 | €7,009 | €78,361 | +€71,352 | +1,018% |
| Profit (loss) for the period | 9904 | -€721 | €64,081 | +€64,802 | |
| Transfer from tax-exempt reserves | 789 | €19,341 | €170,663 | +€151,322 | +782% |
| Profit (loss) for the period to be appropriated | 9905 | €18,620 | €234,743 | +€216,124 | +1,161% |
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 31 October 2026 via checked.be.