NOR: 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.
NOR
Largest movements
- Receivables within one year +€38,966
up €38,966 (+38.4%), from €101,513 to €140,480
of which Trade receivables: +€31,910
- Stocks and contracts -€10,523
down €10,523 (-87.8%), from €11,983 to €1,460
- Cash -€7,597
down €7,597 (-31.8%), from €23,888 to €16,291
mainly Receivables within one year (-€38,966) and Investment in fixed assets (net) (-€4,000)
- Tangible fixed assets +€2,941
up €2,941 (+239.7%), from €1,227 to €4,168
of which Furniture and vehicles: +€3,216
- Profit (loss) carried forward +€13,195
up €13,195 (+15.7%), from €83,813 to €97,007
- Trade debts +€8,770
up €8,770 (+25.5%), from €34,338 to €43,108
- Tax, wage and social debts +€1,823
new in 2024: €1,823
- Taxes -€6,986
down €6,986 (-76.0%), from €9,197 to €2,211
- Gross operating margin +€3,789
up €3,789 (+25.6%), from €14,812 to €18,600
- Other operating charges +€901
up €901 (+86.0%), from €1,048 to €1,950
- Depreciation +€595
up €595 (+128.3%), from €464 to €1,059
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,611 | €162,399 | +€23,787 | +17.2% |
| Fixed assets | 21/28 | €1,227 | €4,168 | +€2,941 | +239.7% |
| Tangible fixed assets | 22/27 | €1,227 | €4,168 | +€2,941 | +239.7% |
| Plant, machinery and equipment | 23 | €751 | €476 | -€275 | -36.6% |
| Furniture and vehicles | 24 | €476 | €3,692 | +€3,216 | +676.3% |
| Current assets | 29/58 | €137,384 | €158,231 | +€20,847 | +15.2% |
| Stocks and contracts in progress | 3 | €11,983 | €1,460 | -€10,523 | -87.8% |
| Stocks | 30/36 | €11,983 | €1,460 | -€10,523 | -87.8% |
| Amounts receivable within one year | 40/41 | €101,513 | €140,480 | +€38,966 | +38.4% |
| Trade receivables | 40 | €64,331 | €96,240 | +€31,910 | +49.6% |
| Other amounts receivable | 41 | €37,183 | €44,239 | +€7,056 | +19.0% |
| Cash at bank and in hand | 54/58 | €23,888 | €16,291 | -€7,597 | -31.8% |
| Total equity and liabilities | 10/49 | €138,611 | €162,399 | +€23,787 | +17.2% |
| Equity | 10/15 | €104,273 | €117,467 | +€13,195 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,813 | €97,007 | +€13,195 | +15.7% |
| Amounts payable | 17/49 | €34,338 | €44,931 | +€10,593 | +30.8% |
| Amounts payable within one year | 42/48 | €34,338 | €44,931 | +€10,593 | +30.8% |
| Trade debts | 44 | €34,338 | €43,108 | +€8,770 | +25.5% |
| Suppliers | 440/4 | €34,338 | €43,108 | +€8,770 | +25.5% |
| Taxes, remuneration and social security | 45 | - | €1,823 | +€1,823 | |
| Taxes | 450/3 | - | €1,823 | +€1,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464 | €1,059 | +€595 | +128.3% |
| Other operating charges | 640/8 | €1,048 | €1,950 | +€901 | +86.0% |
| Gross operating margin | 9900 | €14,812 | €18,600 | +€3,789 | +25.6% |
| Operating profit (loss) | 9901 | €13,299 | €15,592 | +€2,292 | +17.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €194 | €186 | -€8 | -4.0% |
| Recurring financial charges | 65 | €194 | €186 | -€8 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €13,105 | €15,406 | +€2,301 | +17.6% |
| Income taxes | 67/77 | €9,197 | €2,211 | -€6,986 | -76.0% |
| Profit (loss) for the period | 9904 | €3,908 | €13,195 | +€9,287 | +237.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,908 | €13,195 | +€9,287 | +237.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.