Noordlaan 45: what changed
Noordlaan 45
Largest movements
- Tangible fixed assets -€57,969
down €57,969 (-7.2%), from €804,094 to €746,125
of which Land and buildings: -€47,705
- Cash +€9,762
up €9,762 (+168%), from €5,817 to €15,579
- Debts after one year -€94,868
down €94,868 (-14.5%), from €652,919 to €558,052
- Other debts +€41,187
up €41,187 (+535%), from €7,702 to €48,890
- Gross operating margin -€49,011
down €49,011 (-19.4%), from €251,992 to €202,982
- Depreciation -€19,264
down €19,264 (-19.4%), from €99,481 to €80,217
- Staff costs +€5,970
up €5,970 (+5.5%), from €107,823 to €113,793
Change in the result, 2024 to 2025
The net result is not in both sets of accounts. Without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,902 | €764,858 | -€49,044 | -6.0% |
| Fixed assets | 21/28 | €804,094 | €746,125 | -€57,969 | -7.2% |
| Tangible fixed assets | 22/27 | €804,094 | €746,125 | -€57,969 | -7.2% |
| Land and buildings | 22 | €764,221 | €716,516 | -€47,705 | -6.2% |
| Plant, machinery and equipment | 23 | €39,873 | €29,609 | -€10,264 | -25.7% |
| Current assets | 29/58 | €9,808 | €18,733 | +€8,924 | +91.0% |
| Amounts receivable within one year | 40/41 | €3,486 | €3,153 | -€332 | -9.5% |
| Trade receivables | 40 | €2,966 | €3,153 | +€187 | +6.3% |
| Other amounts receivable | 41 | €519 | - | -€519 | |
| Cash at bank and in hand | 54/58 | €5,817 | €15,579 | +€9,762 | +168% |
| Deferred charges and accrued income | 490/1 | €506 | - | -€506 | |
| Total equity and liabilities | 10/49 | €813,902 | €764,858 | -€49,044 | -6.0% |
| Equity | 10/15 | €48,963 | €48,963 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €33,963 | €33,963 | = | 0.0% |
| Distributable reserves | 133 | €33,963 | €33,963 | = | 0.0% |
| Amounts payable | 17/49 | €764,939 | €715,895 | -€49,044 | -6.4% |
| Amounts payable after more than one year | 17 | €652,919 | €558,052 | -€94,868 | -14.5% |
| Financial debts | 170/4 | €652,919 | €558,052 | -€94,868 | -14.5% |
| Amounts payable within one year | 42/48 | €103,606 | €149,427 | +€45,821 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €94,238 | €94,868 | +€629 | +0.7% |
| Trade debts | 44 | €1,665 | €5,669 | +€4,004 | +240% |
| Suppliers | 440/4 | €1,665 | €5,669 | +€4,004 | +240% |
| Other amounts payable | 47/48 | €7,702 | €48,890 | +€41,187 | +535% |
| Accrued charges and deferred income | 492/3 | €8,414 | €8,417 | +€3 | 0.0% |
| Remuneration, social security and pensions | 62 | €107,823 | €113,793 | +€5,970 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,481 | €80,217 | -€19,264 | -19.4% |
| Other operating charges | 640/8 | €3,714 | €3,591 | -€123 | -3.3% |
| Gross operating margin | 9900 | €251,992 | €202,982 | -€49,011 | -19.4% |
| Operating profit (loss) | 9901 | €40,975 | €5,381 | -€35,594 | -86.9% |
| Financial charges | 65/66B | €5,985 | €5,381 | -€604 | -10.1% |
| Recurring financial charges | 65 | €5,985 | €5,381 | -€604 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €34,990 | - | -€34,990 | |
| Profit (loss) for the period | 9904 | €34,990 | - | -€34,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,990 | - | -€34,990 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.