NOORDLEASE: 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.
What changed
NOORDLEASE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€21,051
2024 · €12,845+€8,206
Equity
€2.5m
2024 · €1.1m+€1.4m
Cash
€22,931
2024 · €9,607+€13,324
Balance sheet total
€5.6m
2024 · €6.3m-€736,754
Largest movements
Assets
- Receivables after one year -€752,263
down €752,263 (-30.9%), from €2.4m to €1.7m
Equity and liabilities
- Debts after one year -€2.1m
down €2.1m (-48.1%), from €4.5m to €2.3m
- Contributions +€1.4m
up €1.4m (+137%), from €1.0m to €2.4m
Income statement
- Financial charges -€27,354
down €27,354 (-33.6%), from €81,297 to €53,944
- Financial income -€12,925
down €12,925 (-18.4%), from €70,167 to €57,242
- Gross operating margin -€3,059
down €3,059 (-3.8%), from €79,843 to €76,784
- Taxes +€2,890
up €2,890 (+67.5%), from €4,282 to €7,172
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.
Result 2024
€12,845
Gross operating margin
-€3,059
Other operating charges
-€273
Financial income
-€12,925
Financial charges
+€27,354
Taxes
-€2,890
Result 2025
€21,051
raises the resultlowers the result
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.
From operations
+€750,681
Investment
€0
Financing
-€737,357
Cash 2024
€9,607
From operations (derived)
+€750,681
Net result for the year
+€21,051
Depreciation
+€44,835
Receivables after one year
+€752,263
Receivables within one year
-€45,710
Smaller working-capital items
+€2,107
Accrued charges and deferred income
-€23,865
Financing
-€737,357
Debts after one year
-€2.1m
Current portion of long-term debt
+€12,051
Contributions, distributions and other
+€1.4m
Cash 2025
€22,931
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,338,563 | €5,601,810 | -€736,754 | -11.6% |
| Fixed assets | 21/28 | €3,099,690 | €3,054,855 | -€44,835 | -1.4% |
| Tangible fixed assets | 22/27 | €3,099,690 | €3,054,855 | -€44,835 | -1.4% |
| Land and buildings | 22 | €3,099,690 | €3,054,855 | -€44,835 | -1.4% |
| Current assets | 29/58 | €3,238,873 | €2,546,955 | -€691,919 | -21.4% |
| Amounts receivable after more than one year | 29 | €2,433,329 | €1,681,067 | -€752,263 | -30.9% |
| Other amounts receivable | 291 | €2,433,329 | €1,681,067 | -€752,263 | -30.9% |
| Amounts receivable within one year | 40/41 | €795,271 | €840,981 | +€45,710 | +5.7% |
| Other amounts receivable | 41 | €795,271 | €840,981 | +€45,710 | +5.7% |
| Cash at bank and in hand | 54/58 | €9,607 | €22,931 | +€13,324 | +139% |
| Deferred charges and accrued income | 490/1 | €666 | €1,976 | +€1,310 | +197% |
| Total equity and liabilities | 10/49 | €6,338,563 | €5,601,810 | -€736,754 | -11.6% |
| Equity | 10/15 | €1,108,215 | €2,529,266 | +€1.4m | +128% |
| Contributions | 10/11 | €1,018,550 | €2,418,941 | +€1.4m | +137% |
| Reserves | 13 | €391 | - | -€391 | |
| Non-distributable reserves | 130/1 | €391 | - | -€391 | |
| Reserves not available under the articles | 1311 | €391 | - | -€391 | |
| Profit (loss) carried forward | 14 | €89,275 | €110,326 | +€21,051 | +23.6% |
| Amounts payable | 17/49 | €5,230,348 | €3,072,543 | -€2.2m | -41.3% |
| Amounts payable after more than one year | 17 | €4,465,708 | €2,316,301 | -€2.1m | -48.1% |
| Financial debts | 170/4 | €4,465,708 | €2,316,301 | -€2.1m | -48.1% |
| Amounts payable within one year | 42/48 | €740,774 | €756,243 | +€15,468 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €737,357 | €749,408 | +€12,051 | +1.6% |
| Trade debts | 44 | €3,418 | €3,663 | +€245 | +7.2% |
| Suppliers | 440/4 | €3,418 | €3,663 | +€245 | +7.2% |
| Taxes, remuneration and social security | 45 | - | €3,172 | +€3,172 | |
| Taxes | 450/3 | - | €3,172 | +€3,172 | |
| Accrued charges and deferred income | 492/3 | €23,865 | - | -€23,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,835 | €44,835 | = | 0.0% |
| Other operating charges | 640/8 | €6,751 | €7,024 | +€273 | +4.1% |
| Gross operating margin | 9900 | €79,843 | €76,784 | -€3,059 | -3.8% |
| Operating profit (loss) | 9901 | €28,257 | €24,925 | -€3,332 | -11.8% |
| Financial income | 75/76B | €70,167 | €57,242 | -€12,925 | -18.4% |
| Recurring financial income | 75 | €70,167 | €57,242 | -€12,925 | -18.4% |
| Financial charges | 65/66B | €81,297 | €53,944 | -€27,354 | -33.6% |
| Recurring financial charges | 65 | €81,297 | €53,944 | -€27,354 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €17,127 | €28,223 | +€11,096 | +64.8% |
| Income taxes | 67/77 | €4,282 | €7,172 | +€2,890 | +67.5% |
| Profit (loss) for the period | 9904 | €12,845 | €21,051 | +€8,206 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,845 | €21,051 | +€8,206 | +63.9% |
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 30 October 2026 via checked.be.