NOORDRING: what changed
Two fiscal 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.
NOORDRING
Largest movements
- Tangible fixed assets -€25,769
down €25,769 (-4.9%), from €527,121 to €501,353
- Cash +€25,364
up €25,364 (+138.9%), from €18,262 to €43,626
mainly Depreciation (+€58,427) and Net result for the year (+€10,288)
- Debts after one year -€11,306
down €11,306 (-3.7%), from €303,868 to €292,562
- Reserves +€10,288
up €10,288 (+7.8%), from €132,250 to €142,538
of which Distributable reserves: +€10,288
- Gross operating margin +€11,901
up €11,901 (+14.6%), from €81,396 to €93,298
- Financial charges +€4,513
up €4,513 (+55.5%), from €8,136 to €12,648
- Taxes +€1,984
up €1,984 (+70.5%), from €2,817 to €4,801
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 | €549,067 | €550,299 | +€1,232 | +0.2% |
| Fixed assets | 21/28 | €527,121 | €501,353 | -€25,769 | -4.9% |
| Tangible fixed assets | 22/27 | €527,121 | €501,353 | -€25,769 | -4.9% |
| Land and buildings | 22 | €527,121 | €501,353 | -€25,769 | -4.9% |
| Current assets | 29/58 | €21,946 | €48,947 | +€27,001 | +123.0% |
| Amounts receivable within one year | 40/41 | €3,683 | €5,321 | +€1,638 | +44.5% |
| Trade receivables | 40 | - | €1,638 | +€1,638 | |
| Other amounts receivable | 41 | €3,683 | €3,683 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,262 | €43,626 | +€25,364 | +138.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €549,067 | €550,299 | +€1,232 | +0.2% |
| Equity | 10/15 | €233,822 | €244,110 | +€10,288 | +4.4% |
| Contributions | 10/11 | €49,843 | €49,843 | = | 0.0% |
| Reserves | 13 | €132,250 | €142,538 | +€10,288 | +7.8% |
| Tax-exempt reserves | 132 | €807 | €807 | = | 0.0% |
| Distributable reserves | 133 | €131,443 | €141,731 | +€10,288 | +7.8% |
| Profit (loss) carried forward | 14 | €51,729 | €51,729 | = | 0.0% |
| Amounts payable | 17/49 | €315,245 | €306,190 | -€9,055 | -2.9% |
| Amounts payable after more than one year | 17 | €303,868 | €292,562 | -€11,306 | -3.7% |
| Financial debts | 170/4 | €303,868 | €292,562 | -€11,306 | -3.7% |
| Amounts payable within one year | 42/48 | €11,377 | €13,628 | +€2,251 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €10,862 | €11,306 | +€444 | +4.1% |
| Trade debts | 44 | €344 | €455 | +€112 | +32.5% |
| Suppliers | 440/4 | €344 | €455 | +€112 | +32.5% |
| Taxes, remuneration and social security | 45 | €0 | €801 | +€801 | |
| Taxes | 450/3 | €0 | €801 | +€801 | |
| Other amounts payable | 47/48 | €171 | €1,065 | +€894 | +521.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,994 | €58,427 | +€433 | +0.7% |
| Other operating charges | 640/8 | €6,414 | €7,134 | +€720 | +11.2% |
| Gross operating margin | 9900 | €81,396 | €93,298 | +€11,901 | +14.6% |
| Operating profit (loss) | 9901 | €16,988 | €27,737 | +€10,749 | +63.3% |
| Financial charges | 65/66B | €8,136 | €12,648 | +€4,513 | +55.5% |
| Recurring financial charges | 65 | €8,136 | €12,648 | +€4,513 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €8,852 | €15,089 | +€6,237 | +70.5% |
| Income taxes | 67/77 | €2,817 | €4,801 | +€1,984 | +70.5% |
| Profit (loss) for the period | 9904 | €6,036 | €10,288 | +€4,252 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,036 | €10,288 | +€4,252 | +70.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.