Norcia: 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.
Norcia
Largest movements
- Tangible fixed assets -€39,686
down €39,686 (-9.8%), from €403,297 to €363,611
- Cash +€15,194
up €15,194 (+13.9%), from €109,319 to €124,513
mainly Depreciation (+€47,910) and Net result for the year (+€36,222)
- Contributions -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Reserves +€36,222
up €36,222 (+17.1%), from €212,123 to €248,345
- Debts after one year -€34,188
down €34,188 (-14.8%), from €230,518 to €196,330
- Tax, wage and social debts +€16,494
up €16,494 (+84.2%), from €19,588 to €36,083
- Other operating charges -€36,216
down €36,216 (-91.5%), from €39,565 to €3,350
- Depreciation +€19,502
up €19,502 (+68.6%), from €28,408 to €47,910
- Gross operating margin -€10,850
down €10,850 (-8.7%), from €124,118 to €113,268
- Financial charges +€2,221
up €2,221 (+35.1%), from €6,320 to €8,541
- Taxes +€1,757
up €1,757 (+11.3%), from €15,489 to €17,246
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 | €538,696 | €517,688 | -€21,008 | -3.9% |
| Fixed assets | 21/28 | €403,297 | €363,611 | -€39,686 | -9.8% |
| Tangible fixed assets | 22/27 | €403,297 | €363,611 | -€39,686 | -9.8% |
| Land and buildings | 22 | €273,990 | €269,336 | -€4,654 | -1.7% |
| Furniture and vehicles | 24 | €45,876 | €26,800 | -€19,076 | -41.6% |
| Leasing and similar rights | 25 | €67,620 | €53,840 | -€13,780 | -20.4% |
| Other tangible fixed assets | 26 | €15,812 | €13,635 | -€2,176 | -13.8% |
| Current assets | 29/58 | €135,399 | €154,077 | +€18,678 | +13.8% |
| Amounts receivable within one year | 40/41 | €22,500 | €26,707 | +€4,207 | +18.7% |
| Trade receivables | 40 | €20,000 | €26,707 | +€6,707 | +33.5% |
| Other amounts receivable | 41 | €2,500 | €0 | -€2,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €109,319 | €124,513 | +€15,194 | +13.9% |
| Deferred charges and accrued income | 490/1 | €3,580 | €2,857 | -€723 | -20.2% |
| Total equity and liabilities | 10/49 | €538,696 | €517,688 | -€21,008 | -3.9% |
| Equity | 10/15 | €252,123 | €248,345 | -€3,778 | -1.5% |
| Contributions | 10/11 | €40,000 | €0 | -€40,000 | -100.0% |
| Reserves | 13 | €212,123 | €248,345 | +€36,222 | +17.1% |
| Distributable reserves | 133 | €212,123 | €248,345 | +€36,222 | +17.1% |
| Amounts payable | 17/49 | €286,573 | €269,343 | -€17,230 | -6.0% |
| Amounts payable after more than one year | 17 | €230,518 | €196,330 | -€34,188 | -14.8% |
| Financial debts | 170/4 | €230,518 | €196,330 | -€34,188 | -14.8% |
| Amounts payable within one year | 42/48 | €56,055 | €73,013 | +€16,958 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €34,543 | €34,188 | -€355 | -1.0% |
| Trade debts | 44 | €1,923 | €2,578 | +€655 | +34.0% |
| Suppliers | 440/4 | €1,923 | €2,578 | +€655 | +34.0% |
| Taxes, remuneration and social security | 45 | €19,588 | €36,083 | +€16,494 | +84.2% |
| Taxes | 450/3 | €19,588 | €36,083 | +€16,494 | +84.2% |
| Other amounts payable | 47/48 | - | €164 | +€164 | |
| Non-recurring operating income | 76A | €9,579 | €0 | -€9,579 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,408 | €47,910 | +€19,502 | +68.6% |
| Other operating charges | 640/8 | €39,565 | €3,350 | -€36,216 | -91.5% |
| Gross operating margin | 9900 | €124,118 | €113,268 | -€10,850 | -8.7% |
| Operating profit (loss) | 9901 | €56,145 | €62,009 | +€5,864 | +10.4% |
| Financial charges | 65/66B | €6,320 | €8,541 | +€2,221 | +35.1% |
| Recurring financial charges | 65 | €6,320 | €8,541 | +€2,221 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €49,824 | €53,467 | +€3,643 | +7.3% |
| Income taxes | 67/77 | €15,489 | €17,246 | +€1,757 | +11.3% |
| Profit (loss) for the period | 9904 | €34,335 | €36,222 | +€1,886 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,335 | €36,222 | +€1,886 | +5.5% |
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 11 October 2026 via checked.be.