Norawild: 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.
Norawild
Largest movements
- Financial fixed assets -€2.7m
down €2.7m (-14.3%), from €18.7m to €16.1m
- Current investments +€2.1m
up €2.1m (+693.3%), from €300,000 to €2.4m
- Cash +€625,919
up €625,919 (+233.9%), from €267,655 to €893,574
mainly Investment in fixed assets (net) (+€2.7m) and Net result for the year (+€512,154)
- Deferred charges and accrued income +€286,485
up €286,485 (+425.5%), from €67,326 to €353,811
- Other debts +€437,725
up €437,725 (+203.2%), from €215,397 to €653,122
- Financial income +€299,180
up €299,180 (+239.6%), from €124,857 to €424,036
- Taxes +€97,818
up €97,818 (+115.2%), from €84,882 to €182,699
- Gross operating margin +€64,551
up €64,551 (+23.5%), from €274,323 to €338,874
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 | €19,495,792 | €19,798,230 | +€302,437 | +1.6% |
| Fixed assets | 21/28 | €18,751,949 | €16,067,888 | -€2.7m | -14.3% |
| Tangible fixed assets | 22/27 | €6,808 | €8,747 | +€1,939 | +28.5% |
| Furniture and vehicles | 24 | €6,808 | €7,061 | +€253 | +3.7% |
| Other tangible fixed assets | 26 | - | €1,687 | +€1,687 | |
| Financial fixed assets | 28 | €18,745,141 | €16,059,141 | -€2.7m | -14.3% |
| Current assets | 29/58 | €743,843 | €3,730,342 | +€3.0m | +401.5% |
| Amounts receivable within one year | 40/41 | €108,862 | €102,973 | -€5,889 | -5.4% |
| Trade receivables | 40 | €66,940 | €69,033 | +€2,092 | +3.1% |
| Other amounts receivable | 41 | €41,922 | €33,940 | -€7,982 | -19.0% |
| Current investments | 50/53 | €300,000 | €2,379,983 | +€2.1m | +693.3% |
| Cash at bank and in hand | 54/58 | €267,655 | €893,574 | +€625,919 | +233.9% |
| Deferred charges and accrued income | 490/1 | €67,326 | €353,811 | +€286,485 | +425.5% |
| Total equity and liabilities | 10/49 | €19,495,792 | €19,798,230 | +€302,437 | +1.6% |
| Equity | 10/15 | €19,199,348 | €19,061,502 | -€137,846 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,178,888 | €19,041,042 | -€137,846 | -0.7% |
| Amounts payable | 17/49 | €296,444 | €736,727 | +€440,283 | +148.5% |
| Amounts payable within one year | 42/48 | €296,044 | €736,727 | +€440,683 | +148.9% |
| Trade debts | 44 | €455 | €19,727 | +€19,272 | +4233.2% |
| Suppliers | 440/4 | €455 | €19,727 | +€19,272 | +4233.2% |
| Taxes, remuneration and social security | 45 | €80,192 | €63,878 | -€16,314 | -20.3% |
| Taxes | 450/3 | €56,534 | €51,640 | -€4,894 | -8.7% |
| Remuneration and social security | 454/9 | €23,658 | €12,238 | -€11,420 | -48.3% |
| Other amounts payable | 47/48 | €215,397 | €653,122 | +€437,725 | +203.2% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Remuneration, social security and pensions | 62 | €60,207 | €61,409 | +€1,202 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,854 | €4,455 | -€1,399 | -23.9% |
| Other operating charges | 640/8 | €384 | €968 | +€583 | +151.7% |
| Gross operating margin | 9900 | €274,323 | €338,874 | +€64,551 | +23.5% |
| Operating profit (loss) | 9901 | €207,878 | €272,042 | +€64,165 | +30.9% |
| Financial income | 75/76B | €124,857 | €424,036 | +€299,180 | +239.6% |
| Recurring financial income | 75 | €124,857 | €424,036 | +€299,180 | +239.6% |
| Financial charges | 65/66B | €1,775 | €1,225 | -€550 | -31.0% |
| Recurring financial charges | 65 | €1,775 | €1,225 | -€550 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €330,960 | €694,854 | +€363,894 | +110.0% |
| Income taxes | 67/77 | €84,882 | €182,699 | +€97,818 | +115.2% |
| Profit (loss) for the period | 9904 | €246,078 | €512,154 | +€266,076 | +108.1% |
| Profit (loss) for the period to be appropriated | 9905 | €246,078 | €512,154 | +€266,076 | +108.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.