NORDIC BEHEER: 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.
NORDIC BEHEER
Largest movements
- Cash +€84,851
up €84,851 (+19.5%), from €434,725 to €519,576
mainly Net result for the year (+€118,512) and Tax, wage and social debts (+€10,375)
- Receivables within one year -€5,647
down €5,647 (-61.6%), from €9,162 to €3,515
- Reserves +€67,492
up €67,492 (+16.7%), from €404,074 to €471,566
- Tax, wage and social debts +€10,375
up €10,375 (+69.0%), from €15,037 to €25,412
- Gross operating margin +€32,345
up €32,345 (+22.5%), from €143,856 to €176,201
- Taxes +€9,312
up €9,312 (+20.1%), from €46,271 to €55,583
- Financial income -€3,618
down €3,618 (-71.0%), from €5,092 to €1,475
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.
Derived cash bridge
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 | €444,737 | €523,228 | +€78,491 | +17.6% |
| Fixed assets | 21/28 | €850 | €137 | -€713 | -83.9% |
| Tangible fixed assets | 22/27 | €850 | €137 | -€713 | -83.9% |
| Furniture and vehicles | 24 | €850 | €137 | -€713 | -83.9% |
| Current assets | 29/58 | €443,887 | €523,091 | +€79,204 | +17.8% |
| Amounts receivable within one year | 40/41 | €9,162 | €3,515 | -€5,647 | -61.6% |
| Trade receivables | 40 | €9,162 | €3,515 | -€5,647 | -61.6% |
| Cash at bank and in hand | 54/58 | €434,725 | €519,576 | +€84,851 | +19.5% |
| Total equity and liabilities | 10/49 | €444,737 | €523,228 | +€78,491 | +17.6% |
| Equity | 10/15 | €416,474 | €483,966 | +€67,492 | +16.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €404,074 | €471,566 | +€67,492 | +16.7% |
| Distributable reserves | 133 | €404,074 | €471,566 | +€67,492 | +16.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,263 | €39,262 | +€10,999 | +38.9% |
| Amounts payable within one year | 42/48 | €27,578 | €38,628 | +€11,050 | +40.1% |
| Trade debts | 44 | €10 | €0 | -€10 | -100% |
| Suppliers | 440/4 | €10 | €0 | -€10 | -100% |
| Taxes, remuneration and social security | 45 | €15,037 | €25,412 | +€10,375 | +69.0% |
| Taxes | 450/3 | €15,037 | €25,412 | +€10,375 | +69.0% |
| Other amounts payable | 47/48 | €12,532 | €13,216 | +€685 | +5.5% |
| Accrued charges and deferred income | 492/3 | €685 | €634 | -€51 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €713 | = | 0.0% |
| Other operating charges | 640/8 | €783 | €927 | +€144 | +18.4% |
| Gross operating margin | 9900 | €143,856 | €176,201 | +€32,345 | +22.5% |
| Operating profit (loss) | 9901 | €142,360 | €174,561 | +€32,201 | +22.6% |
| Financial income | 75/76B | €5,092 | €1,475 | -€3,618 | -71.0% |
| Recurring financial income | 75 | €5,092 | €1,475 | -€3,618 | -71.0% |
| Financial charges | 65/66B | €2,029 | €1,941 | -€88 | -4.4% |
| Recurring financial charges | 65 | €2,029 | €1,941 | -€88 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €145,423 | €174,095 | +€28,672 | +19.7% |
| Income taxes | 67/77 | €46,271 | €55,583 | +€9,312 | +20.1% |
| Profit (loss) for the period | 9904 | €99,152 | €118,512 | +€19,360 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,152 | €118,512 | +€19,360 | +19.5% |
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 26 October 2026 via checked.be.