NOORDKRANT: 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.
NOORDKRANT
Largest movements
- Cash -€48,890
down €48,890 (-34.3%), from €142,358 to €93,468
mainly Stocks and contracts (-€47,478) and Receivables within one year (-€34,340)
- Stocks and contracts +€47,478
up €47,478 (+97.1%), from €48,880 to €96,358
- Receivables within one year +€34,340
up €34,340 (+219.1%), from €15,672 to €50,012
of which Trade receivables: +€35,993
- Tangible fixed assets -€23,024
down €23,024 (-24.7%), from €93,392 to €70,368
of which Plant, machinery and equipment: -€17,249
- Debts after one year -€14,128
down €14,128 (-38.7%), from €36,483 to €22,355
- Trade debts +€12,743
up €12,743 (+38.7%), from €32,958 to €45,701
- Current portion of long-term debt -€12,711
down €12,711 (-45.7%), from €27,783 to €15,073
- Reserves +€12,302
up €12,302 (+7.3%), from €168,505 to €180,808
of which Distributable reserves: +€12,302
- Other debts +€7,367
up €7,367 (+110.9%), from €6,646 to €14,013
- Staff costs +€10,717
up €10,717 (+15.2%), from €70,469 to €81,186
- Gross operating margin +€5,124
up €5,124 (+3.8%), from €134,874 to €139,999
- Depreciation -€1,990
down €1,990 (-5.8%), from €34,099 to €32,109
- Other operating charges +€1,496
up €1,496 (+89.8%), from €1,665 to €3,161
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.
Cash bridge derived
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 | €302,725 | €312,496 | +€9,770 | +3.2% |
| Fixed assets | 21/28 | €93,642 | €70,618 | -€23,024 | -24.6% |
| Tangible fixed assets | 22/27 | €93,392 | €70,368 | -€23,024 | -24.7% |
| Land and buildings | 22 | €5,775 | - | -€5,775 | |
| Plant, machinery and equipment | 23 | €87,617 | €70,368 | -€17,249 | -19.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €209,084 | €241,878 | +€32,794 | +15.7% |
| Stocks and contracts in progress | 3 | €48,880 | €96,358 | +€47,478 | +97.1% |
| Stocks | 30/36 | €48,880 | €96,358 | +€47,478 | +97.1% |
| Amounts receivable within one year | 40/41 | €15,672 | €50,012 | +€34,340 | +219.1% |
| Trade receivables | 40 | €3,940 | €39,934 | +€35,993 | +913.5% |
| Other amounts receivable | 41 | €11,732 | €10,078 | -€1,654 | -14.1% |
| Cash at bank and in hand | 54/58 | €142,358 | €93,468 | -€48,890 | -34.3% |
| Deferred charges and accrued income | 490/1 | €2,173 | €2,039 | -€133 | -6.1% |
| Total equity and liabilities | 10/49 | €302,725 | €312,496 | +€9,770 | +3.2% |
| Equity | 10/15 | €187,105 | €199,408 | +€12,302 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,505 | €180,808 | +€12,302 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €166,645 | €178,948 | +€12,302 | +7.4% |
| Amounts payable | 17/49 | €115,620 | €113,088 | -€2,532 | -2.2% |
| Amounts payable after more than one year | 17 | €36,483 | €22,355 | -€14,128 | -38.7% |
| Financial debts | 170/4 | €36,483 | €22,355 | -€14,128 | -38.7% |
| Amounts payable within one year | 42/48 | €79,137 | €90,685 | +€11,548 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €27,783 | €15,073 | -€12,711 | -45.7% |
| Trade debts | 44 | €32,958 | €45,701 | +€12,743 | +38.7% |
| Suppliers | 440/4 | €32,958 | €45,701 | +€12,743 | +38.7% |
| Advances received on contracts in progress | 46 | - | €60 | +€60 | |
| Taxes, remuneration and social security | 45 | €11,750 | €15,838 | +€4,088 | +34.8% |
| Taxes | 450/3 | €1,270 | €3,698 | +€2,427 | +191.1% |
| Remuneration and social security | 454/9 | €10,480 | €12,141 | +€1,661 | +15.9% |
| Other amounts payable | 47/48 | €6,646 | €14,013 | +€7,367 | +110.9% |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Remuneration, social security and pensions | 62 | €70,469 | €81,186 | +€10,717 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,099 | €32,109 | -€1,990 | -5.8% |
| Other operating charges | 640/8 | €1,665 | €3,161 | +€1,496 | +89.8% |
| Gross operating margin | 9900 | €134,874 | €139,999 | +€5,124 | +3.8% |
| Operating profit (loss) | 9901 | €28,641 | €23,543 | -€5,098 | -17.8% |
| Financial income | 75/76B | €200 | €345 | +€145 | +72.3% |
| Recurring financial income | 75 | €200 | €345 | +€145 | +72.3% |
| Financial charges | 65/66B | €6,822 | €6,460 | -€362 | -5.3% |
| Recurring financial charges | 65 | €6,822 | €6,460 | -€362 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €22,019 | €17,428 | -€4,591 | -20.9% |
| Income taxes | 67/77 | €6,292 | €5,125 | -€1,166 | -18.5% |
| Profit (loss) for the period | 9904 | €15,727 | €12,302 | -€3,425 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,727 | €12,302 | -€3,425 | -21.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.