NOORDJOK: 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.
NOORDJOK
Largest movements
- Stocks and contracts -€482,654
down €482,654 (-89.5%), from €539,297 to €56,642
- Tangible fixed assets +€203,426
up €203,426 (+9.6%), from €2.1m to €2.3m
- Other debts -€204,739
down €204,739 (-13.6%), from €1.5m to €1.3m
- Profit (loss) carried forward -€84,154
down €84,154 (-81.1%), from €103,815 to €19,661
- Gross operating margin -€62,722
down €62,722, from €5,814 to -€56,908
- Financial charges -€7,473
down €7,473 (-45.2%), from €16,527 to €9,053
- Depreciation +€5,144
up €5,144 (+50.2%), from €10,251 to €15,394
- Other operating charges +€1,723
up €1,723 (+160%), from €1,075 to €2,798
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 | €2,712,167 | €2,394,761 | -€317,406 | -11.7% |
| Fixed assets | 21/28 | €2,115,751 | €2,319,178 | +€203,426 | +9.6% |
| Tangible fixed assets | 22/27 | €2,115,751 | €2,319,178 | +€203,426 | +9.6% |
| Land and buildings | 22 | €2,115,751 | €2,319,178 | +€203,426 | +9.6% |
| Current assets | 29/58 | €596,416 | €75,583 | -€520,832 | -87.3% |
| Stocks and contracts in progress | 3 | €539,297 | €56,642 | -€482,654 | -89.5% |
| Stocks | 30/36 | €539,297 | €56,642 | -€482,654 | -89.5% |
| Amounts receivable within one year | 40/41 | €11,999 | €0 | -€11,999 | -100% |
| Trade receivables | 40 | €7 | €0 | -€7 | -100% |
| Other amounts receivable | 41 | €11,992 | €0 | -€11,992 | -100% |
| Cash at bank and in hand | 54/58 | €45,120 | €18,504 | -€26,615 | -59.0% |
| Deferred charges and accrued income | 490/1 | - | €437 | +€437 | |
| Total equity and liabilities | 10/49 | €2,712,167 | €2,394,761 | -€317,406 | -11.7% |
| Equity | 10/15 | €1,181,159 | €1,097,006 | -€84,154 | -7.1% |
| Contributions | 10/11 | €1,060,000 | €1,060,000 | = | 0.0% |
| Reserves | 13 | €17,344 | €17,344 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €17,344 | €17,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,815 | €19,661 | -€84,154 | -81.1% |
| Amounts payable | 17/49 | €1,531,007 | €1,297,755 | -€233,252 | -15.2% |
| Amounts payable within one year | 42/48 | €1,514,481 | €1,297,755 | -€216,726 | -14.3% |
| Trade debts | 44 | €0 | €1,745 | +€1,745 | |
| Suppliers | 440/4 | €0 | €1,745 | +€1,745 | |
| Taxes, remuneration and social security | 45 | €14,213 | €481 | -€13,732 | -96.6% |
| Taxes | 450/3 | €14,213 | €481 | -€13,732 | -96.6% |
| Other amounts payable | 47/48 | €1,500,268 | €1,295,530 | -€204,739 | -13.6% |
| Accrued charges and deferred income | 492/3 | €16,526 | €0 | -€16,526 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,251 | €15,394 | +€5,144 | +50.2% |
| Other operating charges | 640/8 | €1,075 | €2,798 | +€1,723 | +160% |
| Gross operating margin | 9900 | €5,814 | -€56,908 | -€62,722 | |
| Operating profit (loss) | 9901 | -€5,512 | -€75,101 | -€69,588 | -1,262% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €16,527 | €9,053 | -€7,473 | -45.2% |
| Recurring financial charges | 65 | €16,527 | €9,053 | -€7,473 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,039 | -€84,154 | -€62,115 | -282% |
| Profit (loss) for the period | 9904 | -€22,039 | -€84,154 | -€62,115 | -282% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,039 | -€84,154 | -€62,115 | -282% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.