NOORDZEE: what changed
What changed
NOORDZEE
filed annual accounts (NBB)
Net result for the year
-€2,032
2024 · -€2,067+€35
Equity
€1.1m
2024 · €1.1m-€2,032
Cash
€1,762
2024 · €2,580-€818
Balance sheet total
€5.8m
2024 · €5.6m+€209,956
Largest movements
Assets
- Stocks and contracts +€208,175
up €208,175 (+4.1%), from €5.1m to €5.3m
Equity and liabilities
- Debts after one year +€212,212
up €212,212 (+4.7%), from €4.5m to €4.7m
Income statement
- Financial charges -€162,799
down €162,799 (-99.9%), from €162,981 to €182
of which Financial charges: -€162,799
- Gross operating margin -€162,429
down €162,429, from €160,606 to -€1,823
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2,067
Gross operating margin
-€162,429
Other operating charges
-€33
Financial income
-€302
Financial charges
+€162,799
Result 2025
-€2,032
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€210,431
Investment
-€2,599
Financing
+€212,212
Cash 2024
€2,580
From operations (derived)
-€210,431
Net result for the year
-€2,032
Stocks and contracts
-€208,175
Trade debts
-€224
Investment (derived)
-€2,599
Investment in fixed assets (net)
-€2,599
Financing
+€212,212
Debts after one year
+€212,212
Cash 2025
€1,762
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,623,691 | €5,833,647 | +€209,956 | +3.7% |
| Fixed assets | 21/28 | €517,021 | €519,620 | +€2,599 | +0.5% |
| Financial fixed assets | 28 | €517,021 | €519,620 | +€2,599 | +0.5% |
| Current assets | 29/58 | €5,106,670 | €5,314,027 | +€207,357 | +4.1% |
| Stocks and contracts in progress | 3 | €5,104,090 | €5,312,265 | +€208,175 | +4.1% |
| Stocks | 30/36 | €5,104,090 | €5,312,265 | +€208,175 | +4.1% |
| Cash at bank and in hand | 54/58 | €2,580 | €1,762 | -€818 | -31.7% |
| Total equity and liabilities | 10/49 | €5,623,691 | €5,833,647 | +€209,956 | +3.7% |
| Equity | 10/15 | €1,146,436 | €1,144,404 | -€2,032 | -0.2% |
| Contributions | 10/11 | €1,023,213 | €1,023,213 | = | 0.0% |
| Capital | 10 | €1,023,213 | €1,023,213 | = | 0.0% |
| Issued capital | 100 | €1,023,213 | €1,023,213 | = | 0.0% |
| Reserves | 13 | €123,223 | €121,191 | -€2,032 | -1.6% |
| Non-distributable reserves | 130/1 | €102,321 | €102,321 | = | 0.0% |
| Legal reserve | 130 | €102,321 | €102,321 | = | 0.0% |
| Distributable reserves | 133 | €20,901 | €18,870 | -€2,032 | -9.7% |
| Amounts payable | 17/49 | €4,477,255 | €4,689,243 | +€211,988 | +4.7% |
| Amounts payable after more than one year | 17 | €4,477,032 | €4,689,243 | +€212,212 | +4.7% |
| Financial debts | 170/4 | €4,477,032 | €4,689,243 | +€212,212 | +4.7% |
| Amounts payable within one year | 42/48 | €224 | €0 | -€224 | -100% |
| Trade debts | 44 | €224 | €0 | -€224 | -100% |
| Suppliers | 440/4 | €224 | €0 | -€224 | -100% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €160,606 | -€1,823 | -€162,429 | |
| Operating profit (loss) | 9901 | €159,513 | -€2,949 | -€162,462 | |
| Financial income | 75/76B | €1,401 | €1,099 | -€302 | -21.5% |
| Recurring financial income | 75 | €1,401 | €1,099 | -€302 | -21.5% |
| Financial charges | 65/66B | €162,981 | €182 | -€162,799 | -99.9% |
| Recurring financial charges | 65 | €162,981 | €182 | -€162,799 | -99.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€2,067 | -€2,032 | +€35 | +1.7% |
| Profit (loss) for the period | 9904 | -€2,067 | -€2,032 | +€35 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,067 | -€2,032 | +€35 | +1.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.