NORBERTUS: 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.
NORBERTUS
Largest movements
- Tangible fixed assets -€113,536
down €113,536 (-2.3%), from €5.0m to €4.9m
- Cash -€97,692
down €97,692 (-62.2%), from €157,107 to €59,415
mainly Trade debts (-€187,145) and Debts after one year (-€158,915)
- Trade debts -€187,145
down €187,145 (-97.8%), from €191,362 to €4,217
- Debts after one year -€158,915
down €158,915 (-5.6%), from €2.9m to €2.7m
- Profit (loss) carried forward +€84,136
up €84,136, from -€52,637 to €31,499
- Other debts +€76,817
up €76,817 (+12.2%), from €630,786 to €707,603
- Gross operating margin +€545,886
up €545,886, from -€214,194 to €331,692
- Financial charges +€139,561
up €139,561 (+1565.3%), from €8,916 to €148,477
- Depreciation +€109,492
up €109,492 (+2707.7%), from €4,044 to €113,536
- Financial income -€50,202
down €50,202 (-98.8%), from €50,823 to €622
- Other operating charges +€12,397
up €12,397 (+462.9%), from €2,678 to €15,075
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 | €5,230,685 | €5,047,444 | -€183,241 | -3.5% |
| Fixed assets | 21/28 | €5,023,956 | €4,910,420 | -€113,536 | -2.3% |
| Tangible fixed assets | 22/27 | €5,023,956 | €4,910,420 | -€113,536 | -2.3% |
| Land and buildings | 22 | €5,023,956 | €4,910,420 | -€113,536 | -2.3% |
| Current assets | 29/58 | €206,729 | €137,024 | -€69,705 | -33.7% |
| Amounts receivable within one year | 40/41 | €43,540 | €72,091 | +€28,551 | +65.6% |
| Trade receivables | 40 | €28,540 | €57,091 | +€28,551 | +100.0% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €157,107 | €59,415 | -€97,692 | -62.2% |
| Deferred charges and accrued income | 490/1 | €6,082 | €5,518 | -€564 | -9.3% |
| Total equity and liabilities | 10/49 | €5,230,685 | €5,047,444 | -€183,241 | -3.5% |
| Equity | 10/15 | €1,166,002 | €1,228,455 | +€62,453 | +5.4% |
| Contributions | 10/11 | €442,688 | €442,688 | = | 0.0% |
| Capital | 10 | €442,688 | €442,688 | = | 0.0% |
| Issued capital | 100 | €442,688 | €442,688 | = | 0.0% |
| Reserves | 13 | €775,951 | €754,268 | -€21,683 | -2.8% |
| Non-distributable reserves | 130/1 | €61,102 | €61,102 | = | 0.0% |
| Legal reserve | 130 | €61,102 | €61,102 | = | 0.0% |
| Tax-exempt reserves | 132 | €714,848 | €693,165 | -€21,683 | -3.0% |
| Profit (loss) carried forward | 14 | -€52,637 | €31,499 | +€84,136 | |
| Provisions and deferred taxes | 16 | €238,283 | €231,055 | -€7,228 | -3.0% |
| Deferred taxes | 168 | €238,283 | €231,055 | -€7,228 | -3.0% |
| Amounts payable | 17/49 | €3,826,401 | €3,587,934 | -€238,466 | -6.2% |
| Amounts payable after more than one year | 17 | €2,850,131 | €2,691,216 | -€158,915 | -5.6% |
| Financial debts | 170/4 | €2,850,131 | €2,691,216 | -€158,915 | -5.6% |
| Amounts payable within one year | 42/48 | €972,017 | €870,934 | -€101,083 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €149,869 | €159,114 | +€9,245 | +6.2% |
| Trade debts | 44 | €191,362 | €4,217 | -€187,145 | -97.8% |
| Suppliers | 440/4 | €191,362 | €4,217 | -€187,145 | -97.8% |
| Other amounts payable | 47/48 | €630,786 | €707,603 | +€76,817 | +12.2% |
| Accrued charges and deferred income | 492/3 | €4,253 | €25,784 | +€21,531 | +506.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,044 | €113,536 | +€109,492 | +2707.7% |
| Other operating charges | 640/8 | €2,678 | €15,075 | +€12,397 | +462.9% |
| Gross operating margin | 9900 | -€214,194 | €331,692 | +€545,886 | |
| Operating profit (loss) | 9901 | -€220,916 | €203,080 | +€423,996 | |
| Financial income | 75/76B | €50,823 | €622 | -€50,202 | -98.8% |
| Recurring financial income | 75 | €50,823 | €622 | -€50,202 | -98.8% |
| Financial charges | 65/66B | €8,916 | €148,477 | +€139,561 | +1565.3% |
| Recurring financial charges | 65 | €8,916 | €148,477 | +€139,561 | +1565.3% |
| Profit (loss) for the period before taxes | 9903 | -€179,009 | €55,225 | +€234,233 | |
| Transfer from deferred taxes | 780 | €257 | €7,228 | +€6,970 | +2707.7% |
| Profit (loss) for the period | 9904 | -€178,751 | €62,453 | +€241,204 | |
| Transfer from tax-exempt reserves | 789 | €772 | €21,683 | +€20,911 | +2707.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€177,979 | €84,136 | +€262,115 |
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 7 October 2026 via checked.be.