NORATEK: 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.
NORATEK
Largest movements
- Deferred charges and accrued income +€39,096
up €39,096 (+1323.5%), from €2,954 to €42,050
- Receivables within one year +€9,968
up €9,968 (+15.0%), from €66,343 to €76,311
of which Trade receivables: +€12,017
- Tangible fixed assets -€9,580
down €9,580 (-38.8%), from €24,703 to €15,123
of which Plant, machinery and equipment: -€9,051
- Stocks and contracts +€3,118
new in 2025: €3,118
- Cash -€2,429
down €2,429 (-97.7%), from €2,485 to €56
mainly Deferred charges and accrued income (-€39,096) and Receivables within one year (-€9,968)
- Profit (loss) carried forward +€41,828
up €41,828 (+57.6%), from €72,567 to €114,395
- Tax, wage and social debts -€4,882
down €4,882 (-63.1%), from €7,738 to €2,856
- Short-term financial debts +€4,730
new in 2025: €4,730
- Trade debts -€1,504
down €1,504 (-66.8%), from €2,251 to €747
- Gross operating margin +€85,723
up €85,723, from -€28,983 to €56,740
- Financial income -€4,146
down €4,146 (-99.6%), from €4,161 to €15
- Depreciation -€1,718
down €1,718 (-12.9%), from €13,333 to €11,615
- Financial charges -€632
down €632 (-28.4%), from €2,227 to €1,595
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.
Cash bridge derived
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 | €96,485 | €136,657 | +€40,172 | +41.6% |
| Fixed assets | 21/28 | €24,703 | €15,123 | -€9,580 | -38.8% |
| Tangible fixed assets | 22/27 | €24,703 | €15,123 | -€9,580 | -38.8% |
| Plant, machinery and equipment | 23 | €22,679 | €13,628 | -€9,051 | -39.9% |
| Furniture and vehicles | 24 | €2,024 | €1,495 | -€529 | -26.1% |
| Current assets | 29/58 | €71,782 | €121,535 | +€49,753 | +69.3% |
| Stocks and contracts in progress | 3 | - | €3,118 | +€3,118 | |
| Contracts in progress | 37 | - | €3,118 | +€3,118 | |
| Amounts receivable within one year | 40/41 | €66,343 | €76,311 | +€9,968 | +15.0% |
| Trade receivables | 40 | - | €12,017 | +€12,017 | |
| Other amounts receivable | 41 | €66,343 | €64,294 | -€2,050 | -3.1% |
| Cash at bank and in hand | 54/58 | €2,485 | €56 | -€2,429 | -97.7% |
| Deferred charges and accrued income | 490/1 | €2,954 | €42,050 | +€39,096 | +1323.5% |
| Total equity and liabilities | 10/49 | €96,485 | €136,657 | +€40,172 | +41.6% |
| Equity | 10/15 | €86,496 | €128,324 | +€41,828 | +48.4% |
| Contributions | 10/11 | €13,929 | €13,929 | +€0 | 0.0% |
| Capital | 10 | €13,929 | €13,929 | +€0 | 0.0% |
| Issued capital | 100 | €13,929 | €13,929 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €72,567 | €114,395 | +€41,828 | +57.6% |
| Amounts payable | 17/49 | €9,989 | €8,333 | -€1,656 | -16.6% |
| Amounts payable within one year | 42/48 | €9,989 | €8,333 | -€1,656 | -16.6% |
| Financial debts | 43 | - | €4,730 | +€4,730 | |
| Credit institutions | 430/8 | - | €4,730 | +€4,730 | |
| Trade debts | 44 | €2,251 | €747 | -€1,504 | -66.8% |
| Suppliers | 440/4 | €2,251 | €747 | -€1,504 | -66.8% |
| Taxes, remuneration and social security | 45 | €7,738 | €2,856 | -€4,882 | -63.1% |
| Taxes | 450/3 | €7,738 | €2,856 | -€4,882 | -63.1% |
| Non-recurring operating income | 76A | €9,547 | €604 | -€8,943 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,333 | €11,615 | -€1,718 | -12.9% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Non-recurring operating charges | 66A | - | €1,318 | +€1,318 | |
| Gross operating margin | 9900 | -€28,983 | €56,740 | +€85,723 | |
| Operating profit (loss) | 9901 | -€42,703 | €43,407 | +€86,110 | |
| Financial income | 75/76B | €4,161 | €15 | -€4,146 | -99.6% |
| Recurring financial income | 75 | €4,161 | €15 | -€4,146 | -99.6% |
| Financial charges | 65/66B | €2,227 | €1,595 | -€632 | -28.4% |
| Recurring financial charges | 65 | €2,227 | €1,595 | -€632 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,769 | €41,828 | +€82,597 | |
| Income taxes | 67/77 | €306 | €0 | -€306 | -100.0% |
| Profit (loss) for the period | 9904 | -€41,075 | €41,828 | +€82,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,075 | €41,828 | +€82,903 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.