NOORDZEEDREEF: 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.
NOORDZEEDREEF
Largest movements
- Tangible fixed assets -€147,811
down €147,811 (-2.9%), from €5.1m to €5.0m
- Deferred charges and accrued income +€62,000
up €62,000 (+177%), from €35,000 to €97,000
- Cash +€60,484
up €60,484 (+18.7%), from €323,635 to €384,119
mainly Depreciation (+€147,811) and Other debts (+€500)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€110,587
down €110,587 (-44.7%), from €247,611 to €137,024
- Taxes -€29,637
down €29,637 (-100%), from €29,637 to €0
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 | €5,604,307 | €5,585,593 | -€18,714 | -0.3% |
| Fixed assets | 21/28 | €5,108,285 | €4,960,474 | -€147,811 | -2.9% |
| Tangible fixed assets | 22/27 | €5,108,285 | €4,960,474 | -€147,811 | -2.9% |
| Land and buildings | 22 | €5,108,285 | €4,960,474 | -€147,811 | -2.9% |
| Current assets | 29/58 | €496,022 | €625,119 | +€129,097 | +26.0% |
| Amounts receivable within one year | 40/41 | €137,387 | €144,000 | +€6,613 | +4.8% |
| Other amounts receivable | 41 | €137,387 | €144,000 | +€6,613 | +4.8% |
| Cash at bank and in hand | 54/58 | €323,635 | €384,119 | +€60,484 | +18.7% |
| Deferred charges and accrued income | 490/1 | €35,000 | €97,000 | +€62,000 | +177% |
| Total equity and liabilities | 10/49 | €5,604,307 | €5,585,593 | -€18,714 | -0.3% |
| Equity | 10/15 | €5,594,181 | €5,580,350 | -€13,832 | -0.2% |
| Contributions | 10/11 | €5,514,000 | €5,514,000 | = | 0.0% |
| Reserves | 13 | €69,000 | €69,000 | = | 0.0% |
| Distributable reserves | 133 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,181 | -€2,650 | -€13,832 | |
| Amounts payable | 17/49 | €10,126 | €5,243 | -€4,883 | -48.2% |
| Amounts payable within one year | 42/48 | €10,126 | €5,243 | -€4,883 | -48.2% |
| Trade debts | 44 | €10,024 | €4,641 | -€5,383 | -53.7% |
| Suppliers | 440/4 | €10,024 | €4,641 | -€5,383 | -53.7% |
| Other amounts payable | 47/48 | €102 | €602 | +€500 | +489% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,003 | €147,811 | +€1,809 | +1.2% |
| Other operating charges | 640/8 | €2,640 | €3,113 | +€473 | +17.9% |
| Gross operating margin | 9900 | €247,611 | €137,024 | -€110,587 | -44.7% |
| Operating profit (loss) | 9901 | €98,968 | -€13,900 | -€112,869 | |
| Financial income | 75/76B | - | €112 | +€112 | |
| Recurring financial income | 75 | - | €112 | +€112 | |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €98,929 | -€13,832 | -€112,761 | |
| Income taxes | 67/77 | €29,637 | €0 | -€29,637 | -100% |
| Profit (loss) for the period | 9904 | €69,292 | -€13,832 | -€83,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,292 | -€13,832 | -€83,124 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.