NORCON: 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.
NORCON
Largest movements
- Tangible fixed assets +€96,838
up €96,838 (+840.8%), from €11,517 to €108,355
of which Furniture and vehicles: +€98,778
- Receivables within one year +€61,827
up €61,827 (+598.9%), from €10,323 to €72,150
of which Trade receivables: +€67,190
- Cash +€15,057
up €15,057 (+123.0%), from €12,243 to €27,300
mainly Trade debts (+€174,705) and Other debts (+€18,032)
- Trade debts +€174,705
up €174,705 (+5471.3%), from €3,193 to €177,899
- Other debts +€18,032
up €18,032 (+698.2%), from €2,583 to €20,615
- Reserves -€14,236
down €14,236 (-91.0%), from €15,636 to €1,400
- Tax, wage and social debts -€4,779
down €4,779 (-62.3%), from €7,671 to €2,892
- Gross operating margin -€17,346
down €17,346, from €14,251 to -€3,095
- Depreciation +€6,727
up €6,727 (+229.2%), from €2,935 to €9,662
- Taxes -€2,320
down €2,320 (-100.0%), from €2,320 to €0
- Other operating charges +€450
up €450 (+101.9%), from €442 to €893
- Staff costs +€326
up €326, from €0 to €326
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,083 | €207,805 | +€173,722 | +509.7% |
| Fixed assets | 21/28 | €11,517 | €108,355 | +€96,838 | +840.8% |
| Tangible fixed assets | 22/27 | €11,517 | €108,355 | +€96,838 | +840.8% |
| Plant, machinery and equipment | 23 | €9,036 | €7,096 | -€1,940 | -21.5% |
| Furniture and vehicles | 24 | €2,481 | €101,259 | +€98,778 | +3980.7% |
| Current assets | 29/58 | €22,566 | €99,450 | +€76,884 | +340.7% |
| Amounts receivable within one year | 40/41 | €10,323 | €72,150 | +€61,827 | +598.9% |
| Trade receivables | 40 | €4,960 | €72,150 | +€67,190 | +1354.7% |
| Other amounts receivable | 41 | €5,363 | €0 | -€5,363 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,243 | €27,300 | +€15,057 | +123.0% |
| Total equity and liabilities | 10/49 | €34,083 | €207,805 | +€173,722 | +509.7% |
| Equity | 10/15 | €20,636 | €6,400 | -€14,236 | -69.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,636 | €1,400 | -€14,236 | -91.0% |
| Distributable reserves | 133 | €15,636 | €1,400 | -€14,236 | -91.0% |
| Amounts payable | 17/49 | €13,446 | €201,405 | +€187,959 | +1397.8% |
| Amounts payable within one year | 42/48 | €13,446 | €201,405 | +€187,959 | +1397.8% |
| Trade debts | 44 | €3,193 | €177,899 | +€174,705 | +5471.3% |
| Suppliers | 440/4 | €3,193 | €177,899 | +€174,705 | +5471.3% |
| Taxes, remuneration and social security | 45 | €7,671 | €2,892 | -€4,779 | -62.3% |
| Taxes | 450/3 | €7,671 | €2,892 | -€4,779 | -62.3% |
| Other amounts payable | 47/48 | €2,583 | €20,615 | +€18,032 | +698.2% |
| Remuneration, social security and pensions | 62 | €0 | €326 | +€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,935 | €9,662 | +€6,727 | +229.2% |
| Other operating charges | 640/8 | €442 | €893 | +€450 | +101.9% |
| Gross operating margin | 9900 | €14,251 | -€3,095 | -€17,346 | |
| Operating profit (loss) | 9901 | €10,874 | -€13,975 | -€24,850 | |
| Financial income | 75/76B | - | €97 | +€97 | |
| Recurring financial income | 75 | - | €97 | +€97 | |
| Financial charges | 65/66B | €39 | €358 | +€319 | +817.9% |
| Recurring financial charges | 65 | €39 | €358 | +€319 | +817.9% |
| Profit (loss) for the period before taxes | 9903 | €10,835 | -€14,236 | -€25,072 | |
| Income taxes | 67/77 | €2,320 | €0 | -€2,320 | -100.0% |
| Profit (loss) for the period | 9904 | €8,515 | -€14,236 | -€22,751 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,515 | -€14,236 | -€22,751 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.