NOR Service: 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.
NOR Service
Largest movements
- Receivables within one year -€8,437
down €8,437 (-84.6%), from €9,971 to €1,534
of which Trade receivables: -€8,376
- Cash -€1,955
down €1,955 (-28.4%), from €6,888 to €4,933
mainly Advances received (-€6,497) and Tax, wage and social debts (-€2,250)
- Tangible fixed assets -€998
no longer reported in 2025 (was €998)
- Advances received -€6,497
no longer reported in 2025 (was €6,497)
- Tax, wage and social debts -€2,250
down €2,250 (-48.3%), from €4,656 to €2,406
of which Remuneration and social security: -€3,700
- Profit (loss) carried forward -€2,246
down €2,246 (-88.2%), from €2,546 to €300
- Trade debts -€452
down €452 (-34.9%), from €1,295 to €842
- Gross operating margin -€4,053
down €4,053, from €3,216 to -€837
- Depreciation +€378
up €378 (+60.9%), from €620 to €998
- Taxes -€230
no longer reported in 2025 (was €230)
- Other operating charges +€202
up €202 (+171%), from €118 to €320
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 | €21,227 | €9,781 | -€11,446 | -53.9% |
| Fixed assets | 21/28 | €4,104 | €3,106 | -€998 | -24.3% |
| Tangible fixed assets | 22/27 | €998 | - | -€998 | |
| Plant, machinery and equipment | 23 | €998 | - | -€998 | |
| Financial fixed assets | 28 | €3,106 | €3,106 | = | 0.0% |
| Current assets | 29/58 | €17,124 | €6,675 | -€10,449 | -61.0% |
| Stocks and contracts in progress | 3 | €265 | €208 | -€57 | -21.5% |
| Stocks | 30/36 | €265 | €208 | -€57 | -21.5% |
| Amounts receivable within one year | 40/41 | €9,971 | €1,534 | -€8,437 | -84.6% |
| Trade receivables | 40 | €9,893 | €1,517 | -€8,376 | -84.7% |
| Other amounts receivable | 41 | €78 | €17 | -€61 | -78.7% |
| Cash at bank and in hand | 54/58 | €6,888 | €4,933 | -€1,955 | -28.4% |
| Total equity and liabilities | 10/49 | €21,227 | €9,781 | -€11,446 | -53.9% |
| Equity | 10/15 | €5,546 | €3,300 | -€2,246 | -40.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,546 | €300 | -€2,246 | -88.2% |
| Amounts payable | 17/49 | €15,681 | €6,480 | -€9,201 | -58.7% |
| Amounts payable within one year | 42/48 | €15,681 | €6,480 | -€9,201 | -58.7% |
| Trade debts | 44 | €1,295 | €842 | -€452 | -34.9% |
| Suppliers | 440/4 | €1,295 | €842 | -€452 | -34.9% |
| Advances received on contracts in progress | 46 | €6,497 | - | -€6,497 | |
| Taxes, remuneration and social security | 45 | €4,656 | €2,406 | -€2,250 | -48.3% |
| Taxes | 450/3 | €956 | €2,406 | +€1,450 | +152% |
| Remuneration and social security | 454/9 | €3,700 | - | -€3,700 | |
| Other amounts payable | 47/48 | €3,233 | €3,232 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €998 | +€378 | +60.9% |
| Other operating charges | 640/8 | €118 | €320 | +€202 | +171% |
| Gross operating margin | 9900 | €3,216 | -€837 | -€4,053 | |
| Operating profit (loss) | 9901 | €2,478 | -€2,154 | -€4,632 | |
| Financial charges | 65/66B | €86 | €91 | +€6 | +6.9% |
| Recurring financial charges | 65 | €86 | €91 | +€6 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €2,393 | -€2,246 | -€4,638 | |
| Income taxes | 67/77 | €230 | - | -€230 | |
| Profit (loss) for the period | 9904 | €2,163 | -€2,246 | -€4,409 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,163 | -€2,246 | -€4,409 |
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 24 October 2026 via checked.be.