Nordag: 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.
Nordag
Largest movements
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Receivables within one year -€218,996
down €218,996 (-98.6%), from €222,156 to €3,160
of which Other amounts receivable: -€218,996
- Cash +€9,627
up €9,627 (+95.9%), from €10,041 to €19,667
mainly Current investments (+€250,000) and Receivables within one year (+€218,996)
- Other debts -€450,000
down €450,000 (-100.0%), from €450,000 to €0
- Accrued charges and deferred income -€6,025
down €6,025 (-100.0%), from €6,025 to €0
- Financial income -€8,353
down €8,353 (-83.8%), from €9,964 to €1,611
- Financial charges -€2,906
down €2,906 (-43.2%), from €6,720 to €3,815
- Gross operating margin +€1,526
up €1,526, from -€1,526 to €0
- Other operating charges +€947
up €947 (+535.3%), from €177 to €1,124
- Taxes -€385
down €385 (-100.0%), from €385 to €0
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 | €482,197 | €22,827 | -€459,370 | -95.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €482,197 | €22,827 | -€459,370 | -95.3% |
| Amounts receivable within one year | 40/41 | €222,156 | €3,160 | -€218,996 | -98.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €222,156 | €3,160 | -€218,996 | -98.6% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,041 | €19,667 | +€9,627 | +95.9% |
| Total equity and liabilities | 10/49 | €482,197 | €22,827 | -€459,370 | -95.3% |
| Equity | 10/15 | €26,156 | €22,827 | -€3,328 | -12.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,156 | -€2,173 | -€3,328 | |
| Amounts payable | 17/49 | €456,042 | €0 | -€456,042 | -100.0% |
| Amounts payable within one year | 42/48 | €450,017 | €0 | -€450,017 | -100.0% |
| Taxes, remuneration and social security | 45 | €17 | €0 | -€17 | -100.0% |
| Taxes | 450/3 | €17 | €0 | -€17 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €450,000 | €0 | -€450,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,025 | €0 | -€6,025 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €177 | €1,124 | +€947 | +535.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€1,526 | €0 | +€1,526 | |
| Operating profit (loss) | 9901 | -€1,703 | -€1,124 | +€578 | +34.0% |
| Financial income | 75/76B | €9,964 | €1,611 | -€8,353 | -83.8% |
| Recurring financial income | 75 | €9,964 | €1,611 | -€8,353 | -83.8% |
| Financial charges | 65/66B | €6,720 | €3,815 | -€2,906 | -43.2% |
| Recurring financial charges | 65 | €6,720 | €3,815 | -€2,906 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €1,541 | -€3,328 | -€4,869 | |
| Income taxes | 67/77 | €385 | €0 | -€385 | -100.0% |
| Profit (loss) for the period | 9904 | €1,156 | -€3,328 | -€4,484 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,156 | -€3,328 | -€4,484 |
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.