NOORDWANDELING: 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.
NOORDWANDELING
Largest movements
- Receivables within one year +€14,935
up €14,935 (+19.7%), from €75,909 to €90,844
of which Trade receivables: +€14,843
- Tangible fixed assets -€13,445
down €13,445 (-2.3%), from €588,106 to €574,661
- Debts after one year -€12,670
down €12,670 (-36.4%), from €34,776 to €22,107
- Reserves +€7,378
up €7,378 (+16.4%), from €44,924 to €52,302
- Other debts +€6,750
up €6,750 (+29.7%), from €22,732 to €29,482
- Gross operating margin +€8,165
up €8,165 (+44.0%), from €18,555 to €26,719
- Depreciation -€5,156
down €5,156 (-27.7%), from €18,601 to €13,445
- Taxes +€638
new in 2025: €638
- Financial charges -€425
down €425 (-20.1%), from €2,120 to €1,694
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 | €667,409 | €669,163 | +€1,754 | +0.3% |
| Fixed assets | 21/28 | €588,106 | €574,661 | -€13,445 | -2.3% |
| Tangible fixed assets | 22/27 | €588,106 | €574,661 | -€13,445 | -2.3% |
| Land and buildings | 22 | €588,106 | €574,661 | -€13,445 | -2.3% |
| Current assets | 29/58 | €79,303 | €94,503 | +€15,199 | +19.2% |
| Amounts receivable within one year | 40/41 | €75,909 | €90,844 | +€14,935 | +19.7% |
| Trade receivables | 40 | €908 | €15,750 | +€14,843 | +1,636% |
| Other amounts receivable | 41 | €75,001 | €75,094 | +€92 | +0.1% |
| Cash at bank and in hand | 54/58 | €1,125 | €2,039 | +€913 | +81.2% |
| Deferred charges and accrued income | 490/1 | €2,269 | €1,620 | -€649 | -28.6% |
| Total equity and liabilities | 10/49 | €667,409 | €669,163 | +€1,754 | +0.3% |
| Equity | 10/15 | €576,924 | €584,302 | +€7,378 | +1.3% |
| Contributions | 10/11 | €532,000 | €532,000 | = | 0.0% |
| Reserves | 13 | €44,924 | €52,302 | +€7,378 | +16.4% |
| Distributable reserves | 133 | €44,924 | €52,302 | +€7,378 | +16.4% |
| Amounts payable | 17/49 | €90,485 | €84,862 | -€5,624 | -6.2% |
| Amounts payable after more than one year | 17 | €34,776 | €22,107 | -€12,670 | -36.4% |
| Financial debts | 170/4 | €34,776 | €22,107 | -€12,670 | -36.4% |
| Amounts payable within one year | 42/48 | €55,709 | €61,755 | +€6,046 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €12,242 | €12,670 | +€427 | +3.5% |
| Trade debts | 44 | €20,049 | €18,905 | -€1,144 | -5.7% |
| Suppliers | 440/4 | €20,049 | €18,905 | -€1,144 | -5.7% |
| Taxes, remuneration and social security | 45 | €686 | €698 | +€13 | +1.9% |
| Taxes | 450/3 | €686 | €698 | +€13 | +1.9% |
| Other amounts payable | 47/48 | €22,732 | €29,482 | +€6,750 | +29.7% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,601 | €13,445 | -€5,156 | -27.7% |
| Other operating charges | 640/8 | €3,460 | €3,564 | +€105 | +3.0% |
| Gross operating margin | 9900 | €18,555 | €26,719 | +€8,165 | +44.0% |
| Operating profit (loss) | 9901 | -€3,506 | €9,710 | +€13,216 | |
| Financial charges | 65/66B | €2,120 | €1,694 | -€425 | -20.1% |
| Recurring financial charges | 65 | €2,120 | €1,694 | -€425 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,625 | €8,016 | +€13,641 | |
| Income taxes | 67/77 | - | €638 | +€638 | |
| Profit (loss) for the period | 9904 | -€5,625 | €7,378 | +€13,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,625 | €7,378 | +€13,003 |
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 28 October 2026 via checked.be.