NORD DU LIBAN: 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.
NORD DU LIBAN
Largest movements
- Cash +€67,474
up €67,474 (+440.1%), from €15,330 to €82,804
mainly Net result for the year (+€83,044) and Tax, wage and social debts (+€23,942)
- Receivables within one year +€21,156
up €21,156 (+2154.4%), from €982 to €22,138
of which Other amounts receivable: +€19,952
- Tangible fixed assets +€19,057
new in 2025: €19,057
- Deferred charges and accrued income +€1,471
new in 2025: €1,471
- Profit (loss) carried forward +€83,044
up €83,044 (+1887.7%), from €4,399 to €87,443
- Tax, wage and social debts +€23,942
up €23,942 (+471.4%), from €5,079 to €29,021
of which Taxes: +€24,101
- Other debts +€3,511
new in 2025: €3,511
- Gross operating margin +€146,574
up €146,574 (+249.9%), from €58,649 to €205,223
- Staff costs +€44,107
up €44,107 (+84.0%), from €52,498 to €96,605
- Taxes +€22,316
new in 2025: €22,316
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 | €19,341 | €129,455 | +€110,114 | +569.3% |
| Fixed assets | 21/28 | - | €19,057 | +€19,057 | |
| Tangible fixed assets | 22/27 | - | €19,057 | +€19,057 | |
| Other tangible fixed assets | 26 | - | €19,057 | +€19,057 | |
| Current assets | 29/58 | €19,341 | €110,398 | +€91,057 | +470.8% |
| Stocks and contracts in progress | 3 | €3,029 | €3,986 | +€956 | +31.6% |
| Stocks | 30/36 | €3,029 | €3,986 | +€956 | +31.6% |
| Amounts receivable within one year | 40/41 | €982 | €22,138 | +€21,156 | +2154.4% |
| Trade receivables | 40 | €56 | €1,261 | +€1,205 | +2150.4% |
| Other amounts receivable | 41 | €926 | €20,878 | +€19,952 | +2154.6% |
| Cash at bank and in hand | 54/58 | €15,330 | €82,804 | +€67,474 | +440.1% |
| Deferred charges and accrued income | 490/1 | - | €1,471 | +€1,471 | |
| Total equity and liabilities | 10/49 | €19,341 | €129,455 | +€110,114 | +569.3% |
| Equity | 10/15 | €7,399 | €90,443 | +€83,044 | +1122.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €4,399 | €87,443 | +€83,044 | +1887.7% |
| Amounts payable | 17/49 | €11,942 | €39,012 | +€27,070 | +226.7% |
| Amounts payable within one year | 42/48 | €11,942 | €39,012 | +€27,070 | +226.7% |
| Trade debts | 44 | €6,863 | €6,481 | -€382 | -5.6% |
| Suppliers | 440/4 | €6,863 | €6,481 | -€382 | -5.6% |
| Taxes, remuneration and social security | 45 | €5,079 | €29,021 | +€23,942 | +471.4% |
| Taxes | 450/3 | €2,405 | €26,505 | +€24,101 | +1002.3% |
| Remuneration and social security | 454/9 | €2,674 | €2,516 | -€158 | -5.9% |
| Other amounts payable | 47/48 | - | €3,511 | +€3,511 | |
| Remuneration, social security and pensions | 62 | €52,498 | €96,605 | +€44,107 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €141 | +€141 | |
| Other operating charges | 640/8 | €909 | €1,071 | +€162 | +17.9% |
| Gross operating margin | 9900 | €58,649 | €205,223 | +€146,574 | +249.9% |
| Operating profit (loss) | 9901 | €5,242 | €107,406 | +€102,164 | +1949.0% |
| Financial charges | 65/66B | €843 | €2,047 | +€1,204 | +142.9% |
| Recurring financial charges | 65 | €843 | €2,047 | +€1,204 | +142.9% |
| Profit (loss) for the period before taxes | 9903 | €4,399 | €105,359 | +€100,960 | +2295.0% |
| Income taxes | 67/77 | - | €22,316 | +€22,316 | |
| Profit (loss) for the period | 9904 | €4,399 | €83,044 | +€78,644 | +1787.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,399 | €83,044 | +€78,644 | +1787.7% |
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 12 October 2026 via checked.be.