NOORDZEE ELECTRONICS: 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.
NOORDZEE ELECTRONICS
Largest movements
- Receivables within one year +€594,181
up €594,181 (+41.4%), from €1.4m to €2.0m
of which Other amounts receivable: +€1.0m
- Cash +€239,376
up €239,376 (+90.0%), from €266,006 to €505,382
mainly Trade debts (+€538,766) and Net result for the year (+€422,357)
- Trade debts +€538,766
up €538,766 (+26.6%), from €2.0m to €2.6m
- Profit (loss) carried forward +€422,357
up €422,357 (+23.0%), from €1.8m to €2.3m
- Accrued charges and deferred income -€393,492
down €393,492 (-85.2%), from €461,810 to €68,318
- Tax, wage and social debts +€233,440
up €233,440 (+357%), from €65,383 to €298,823
of which Taxes: +€143,783
- Gross operating margin +€615,954
up €615,954 (+28.6%), from €2.1m to €2.8m
- Taxes +€153,636
up €153,636 (+341%), from €45,033 to €198,669
- Staff costs +€64,367
up €64,367 (+8.0%), from €806,293 to €870,659
- Financial charges +€28,562
up €28,562 (+10.3%), from €278,102 to €306,665
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 | €5,980,056 | €6,781,365 | +€801,309 | +13.4% |
| Fixed assets | 21/28 | €4,259,540 | €4,247,792 | -€11,749 | -0.3% |
| Tangible fixed assets | 22/27 | €24,060 | €12,312 | -€11,749 | -48.8% |
| Plant, machinery and equipment | 23 | €24,060 | €12,312 | -€11,749 | -48.8% |
| Financial fixed assets | 28 | €4,235,480 | €4,235,480 | = | 0.0% |
| Current assets | 29/58 | €1,720,516 | €2,533,574 | +€813,058 | +47.3% |
| Amounts receivable within one year | 40/41 | €1,433,740 | €2,027,921 | +€594,181 | +41.4% |
| Trade receivables | 40 | €757,105 | €317,141 | -€439,964 | -58.1% |
| Other amounts receivable | 41 | €676,635 | €1,710,780 | +€1.0m | +153% |
| Current investments | 50/53 | €270 | €271 | +€1 | +0.3% |
| Cash at bank and in hand | 54/58 | €266,006 | €505,382 | +€239,376 | +90.0% |
| Deferred charges and accrued income | 490/1 | €20,500 | - | -€20,500 | |
| Total equity and liabilities | 10/49 | €5,980,056 | €6,781,365 | +€801,309 | +13.4% |
| Equity | 10/15 | €2,443,797 | €2,866,154 | +€422,357 | +17.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €510,000 | €510,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,833,797 | €2,256,154 | +€422,357 | +23.0% |
| Amounts payable | 17/49 | €3,536,259 | €3,915,211 | +€378,952 | +10.7% |
| Amounts payable within one year | 42/48 | €3,074,449 | €3,846,893 | +€772,444 | +25.1% |
| Trade debts | 44 | €2,023,942 | €2,562,708 | +€538,766 | +26.6% |
| Suppliers | 440/4 | €2,023,942 | €2,562,708 | +€538,766 | +26.6% |
| Taxes, remuneration and social security | 45 | €65,383 | €298,823 | +€233,440 | +357% |
| Taxes | 450/3 | €416 | €144,199 | +€143,783 | +34,559% |
| Remuneration and social security | 454/9 | €64,967 | €154,623 | +€89,656 | +138% |
| Other amounts payable | 47/48 | €985,124 | €985,362 | +€238 | 0.0% |
| Accrued charges and deferred income | 492/3 | €461,810 | €68,318 | -€393,492 | -85.2% |
| Remuneration, social security and pensions | 62 | €806,293 | €870,659 | +€64,367 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,301 | €11,749 | -€4,552 | -27.9% |
| Other operating charges | 640/8 | €947,082 | €955,796 | +€8,714 | +0.9% |
| Gross operating margin | 9900 | €2,149,938 | €2,765,892 | +€615,954 | +28.6% |
| Operating profit (loss) | 9901 | €380,262 | €927,688 | +€547,425 | +144% |
| Financial income | 75/76B | €60 | €2 | -€58 | -96.0% |
| Recurring financial income | 75 | €60 | €2 | -€58 | -96.0% |
| Financial charges | 65/66B | €278,102 | €306,665 | +€28,562 | +10.3% |
| Recurring financial charges | 65 | €278,102 | €306,665 | +€28,562 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €102,220 | €621,026 | +€518,806 | +508% |
| Income taxes | 67/77 | €45,033 | €198,669 | +€153,636 | +341% |
| Profit (loss) for the period | 9904 | €57,187 | €422,357 | +€365,170 | +639% |
| Profit (loss) for the period to be appropriated | 9905 | €57,187 | €422,357 | +€365,170 | +639% |
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 27 October 2026 via checked.be.