NOORDMAN PROJECT ENGINEERING: 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.
NOORDMAN PROJECT ENGINEERING
Largest movements
- Cash +€24,941
up €24,941 (+396%), from €6,302 to €31,243
mainly Net result for the year (+€64,857) and Receivables within one year (+€20,351)
- Receivables within one year -€20,351
down €20,351 (-59.7%), from €34,093 to €13,742
- Tangible fixed assets -€6,394
down €6,394 (-4.0%), from €159,982 to €153,588
of which Land and buildings: -€5,000
- Other debts -€33,000
down €33,000 (-87.8%), from €37,600 to €4,600
- Reserves +€31,857
up €31,857 (+13.6%), from €234,704 to €266,562
- Gross operating margin +€9,337
up €9,337 (+10.4%), from €89,711 to €99,048
- Financial income -€2,732
down €2,732 (-81.2%), from €3,365 to €633
- Taxes +€2,492
up €2,492 (+10.8%), from €23,103 to €25,595
- Financial charges -€1,230
down €1,230 (-47.3%), from €2,599 to €1,369
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 | €293,719 | €294,757 | +€1,038 | +0.4% |
| Fixed assets | 21/28 | €159,982 | €153,588 | -€6,394 | -4.0% |
| Tangible fixed assets | 22/27 | €159,982 | €153,588 | -€6,394 | -4.0% |
| Land and buildings | 22 | €154,795 | €149,795 | -€5,000 | -3.2% |
| Furniture and vehicles | 24 | €1,309 | €681 | -€628 | -48.0% |
| Other tangible fixed assets | 26 | €3,878 | €3,112 | -€766 | -19.7% |
| Current assets | 29/58 | €133,737 | €141,169 | +€7,432 | +5.6% |
| Amounts receivable within one year | 40/41 | €34,093 | €13,742 | -€20,351 | -59.7% |
| Trade receivables | 40 | €34,093 | €13,742 | -€20,351 | -59.7% |
| Current investments | 50/53 | €93,342 | €96,184 | +€2,842 | +3.0% |
| Cash at bank and in hand | 54/58 | €6,302 | €31,243 | +€24,941 | +396% |
| Total equity and liabilities | 10/49 | €293,719 | €294,757 | +€1,038 | +0.4% |
| Equity | 10/15 | €240,904 | €272,762 | +€31,857 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €234,704 | €266,562 | +€31,857 | +13.6% |
| Distributable reserves | 133 | €234,704 | €266,562 | +€31,857 | +13.6% |
| Amounts payable | 17/49 | €52,814 | €21,995 | -€30,819 | -58.4% |
| Amounts payable within one year | 42/48 | €52,814 | €21,995 | -€30,819 | -58.4% |
| Trade debts | 44 | €2,383 | €4,814 | +€2,432 | +102% |
| Suppliers | 440/4 | €2,383 | €4,814 | +€2,432 | +102% |
| Taxes, remuneration and social security | 45 | €12,832 | €12,581 | -€251 | -2.0% |
| Taxes | 450/3 | €12,832 | €12,581 | -€251 | -2.0% |
| Other amounts payable | 47/48 | €37,600 | €4,600 | -€33,000 | -87.8% |
| Non-recurring operating income | 76A | €3,167 | - | -€3,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,394 | €6,394 | = | 0.0% |
| Other operating charges | 640/8 | €2,330 | €1,465 | -€865 | -37.1% |
| Gross operating margin | 9900 | €89,711 | €99,048 | +€9,337 | +10.4% |
| Operating profit (loss) | 9901 | €80,987 | €91,189 | +€10,202 | +12.6% |
| Financial income | 75/76B | €3,365 | €633 | -€2,732 | -81.2% |
| Recurring financial income | 75 | €3,365 | €633 | -€2,732 | -81.2% |
| Financial charges | 65/66B | €2,599 | €1,369 | -€1,230 | -47.3% |
| Recurring financial charges | 65 | €2,599 | €1,369 | -€1,230 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €81,753 | €90,453 | +€8,699 | +10.6% |
| Income taxes | 67/77 | €23,103 | €25,595 | +€2,492 | +10.8% |
| Profit (loss) for the period | 9904 | €58,650 | €64,857 | +€6,207 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,650 | €64,857 | +€6,207 | +10.6% |
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 18 October 2026 via checked.be.