NORA: 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.
NORA
Largest movements
- Cash -€31,435
no longer reported in 2020 (was €31,435)
mainly Net result for the year (-€154,537)
- Stocks and contracts -€31,357
down €31,357 (-73.3%), from €42,796 to €11,439
- Tangible fixed assets -€4,359
down €4,359 (-37.0%), from €11,788 to €7,429
- Equity -€154,537
down €154,537 (-104.4%), from -€148,005 to -€302,542
of which Profit (loss) carried forward: -€154,537
- Debts +€87,386
up €87,386 (+29.7%), from €294,635 to €382,021
- Gross operating margin -€214,089
down €214,089, from €95,137 to -€118,952
- Depreciation -€8,963
down €8,963 (-67.3%), from €13,322 to €4,359
- Taxes -€4,302
down €4,302 (-94.7%), from €4,542 to €240
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,629 | €79,479 | -€67,151 | -45.8% |
| Fixed assets | 21/28 | €72,399 | €68,040 | -€4,359 | -6.0% |
| Tangible fixed assets | 22/27 | €11,788 | €7,429 | -€4,359 | -37.0% |
| Financial fixed assets | 28 | €60,611 | €60,611 | = | 0.0% |
| Current assets | 29/58 | €74,231 | €11,439 | -€62,792 | -84.6% |
| Stocks and contracts in progress | 3 | €42,796 | €11,439 | -€31,357 | -73.3% |
| Cash at bank and in hand | 54/58 | €31,435 | - | -€31,435 | |
| Total equity and liabilities | 10/49 | €146,629 | €79,479 | -€67,151 | -45.8% |
| Equity | 10/15 | -€148,005 | -€302,542 | -€154,537 | -104.4% |
| Contributions | 10/11 | €6,197 | - | -€6,197 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,062 | -€310,598 | -€154,537 | -99.0% |
| Amounts payable | 17/49 | €294,635 | €382,021 | +€87,386 | +29.7% |
| Amounts payable within one year | 42/48 | €294,635 | €327,105 | +€32,470 | +11.0% |
| Trade debts | 44 | €92,706 | €58,706 | -€34,000 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,322 | €4,359 | -€8,963 | -67.3% |
| Gross operating margin | 9900 | €95,137 | -€118,952 | -€214,089 | |
| Operating profit (loss) | 9901 | -€14,475 | -€149,120 | -€134,645 | -930.2% |
| Recurring financial income | 75 | €9,094 | - | -€9,094 | |
| Recurring financial charges | 65 | €21,346 | €5,176 | -€16,170 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,728 | -€154,297 | -€127,569 | -477.3% |
| Income taxes | 67/77 | €4,542 | €240 | -€4,302 | -94.7% |
| Profit (loss) for the period | 9904 | -€31,270 | -€154,537 | -€123,266 | -394.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,270 | -€154,537 | -€123,266 | -394.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.