NORDIC CENTRE: 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 CENTRE
Largest movements
- Stocks and contracts +€141,160
up €141,160 (+49.9%), from €283,157 to €424,317
- Cash -€130,004
down €130,004 (-39.0%), from €333,061 to €203,057
mainly Stocks and contracts (-€141,160) and Debts after one year (-€35,249)
- Tangible fixed assets -€52,251
down €52,251 (-8.7%), from €600,988 to €548,737
of which Land and buildings: -€32,612
- Receivables within one year +€26,423
up €26,423 (+22.7%), from €116,540 to €142,963
of which Trade receivables: +€34,943
- Debts after one year -€35,249
down €35,249 (-10.5%), from €336,065 to €300,816
- Profit (loss) carried forward +€31,849
up €31,849 (+12.4%), from €256,017 to €287,866
- Tax, wage and social debts -€24,584
down €24,584 (-14.9%), from €164,501 to €139,917
of which Taxes: -€26,814
- Other debts -€23,861
down €23,861 (-14.7%), from €162,336 to €138,476
- Trade debts +€18,242
up €18,242 (+9.6%), from €189,518 to €207,761
No income-statement line moved by more than 1% of the activity.
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 | €1,335,795 | €1,321,180 | -€14,615 | -1.1% |
| Fixed assets | 21/28 | €602,459 | €550,208 | -€52,251 | -8.7% |
| Tangible fixed assets | 22/27 | €600,988 | €548,737 | -€52,251 | -8.7% |
| Land and buildings | 22 | €534,994 | €502,382 | -€32,612 | -6.1% |
| Plant, machinery and equipment | 23 | €221 | - | -€221 | |
| Furniture and vehicles | 24 | €35,375 | €20,695 | -€14,679 | -41.5% |
| Other tangible fixed assets | 26 | €30,398 | €25,659 | -€4,738 | -15.6% |
| Financial fixed assets | 28 | €1,471 | €1,471 | = | 0.0% |
| Current assets | 29/58 | €733,336 | €770,972 | +€37,636 | +5.1% |
| Stocks and contracts in progress | 3 | €283,157 | €424,317 | +€141,160 | +49.9% |
| Stocks | 30/36 | €283,157 | €424,317 | +€141,160 | +49.9% |
| Amounts receivable within one year | 40/41 | €116,540 | €142,963 | +€26,423 | +22.7% |
| Trade receivables | 40 | €92,084 | €127,028 | +€34,943 | +37.9% |
| Other amounts receivable | 41 | €24,455 | €15,935 | -€8,520 | -34.8% |
| Cash at bank and in hand | 54/58 | €333,061 | €203,057 | -€130,004 | -39.0% |
| Deferred charges and accrued income | 490/1 | €579 | €635 | +€57 | +9.8% |
| Total equity and liabilities | 10/49 | €1,335,795 | €1,321,180 | -€14,615 | -1.1% |
| Equity | 10/15 | €426,734 | €457,770 | +€31,036 | +7.3% |
| Contributions | 10/11 | €118,245 | €118,245 | = | 0.0% |
| Reserves | 13 | €52,473 | €51,659 | -€813 | -1.6% |
| Tax-exempt reserves | 132 | €20,648 | €19,835 | -€813 | -3.9% |
| Distributable reserves | 133 | €31,825 | €31,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,017 | €287,866 | +€31,849 | +12.4% |
| Provisions and deferred taxes | 16 | €1,070 | €524 | -€546 | -51.0% |
| Deferred taxes | 168 | €1,070 | €524 | -€546 | -51.0% |
| Amounts payable | 17/49 | €907,991 | €862,886 | -€45,105 | -5.0% |
| Amounts payable after more than one year | 17 | €336,065 | €300,816 | -€35,249 | -10.5% |
| Financial debts | 170/4 | €336,065 | €300,816 | -€35,249 | -10.5% |
| Amounts payable within one year | 42/48 | €566,023 | €554,034 | -€11,989 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €49,667 | €67,881 | +€18,214 | +36.7% |
| Trade debts | 44 | €189,518 | €207,761 | +€18,242 | +9.6% |
| Suppliers | 440/4 | €189,518 | €207,761 | +€18,242 | +9.6% |
| Taxes, remuneration and social security | 45 | €164,501 | €139,917 | -€24,584 | -14.9% |
| Taxes | 450/3 | €119,303 | €92,490 | -€26,814 | -22.5% |
| Remuneration and social security | 454/9 | €45,198 | €47,428 | +€2,230 | +4.9% |
| Other amounts payable | 47/48 | €162,336 | €138,476 | -€23,861 | -14.7% |
| Accrued charges and deferred income | 492/3 | €5,902 | €8,035 | +€2,133 | +36.1% |
| Remuneration, social security and pensions | 62 | €343,155 | €343,710 | +€555 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,557 | €85,289 | -€268 | -0.3% |
| Other operating charges | 640/8 | €11,428 | €13,876 | +€2,448 | +21.4% |
| Gross operating margin | 9900 | €511,560 | €511,473 | -€87 | 0.0% |
| Operating profit (loss) | 9901 | €71,420 | €68,598 | -€2,822 | -4.0% |
| Financial income | 75/76B | €4,053 | €1,456 | -€2,598 | -64.1% |
| Recurring financial income | 75 | €4,053 | €1,456 | -€2,598 | -64.1% |
| Financial charges | 65/66B | €24,272 | €25,397 | +€1,124 | +4.6% |
| Recurring financial charges | 65 | €24,272 | €25,397 | +€1,124 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €51,201 | €44,657 | -€6,544 | -12.8% |
| Transfer from deferred taxes | 780 | €546 | €546 | = | 0.0% |
| Income taxes | 67/77 | €10,631 | €14,167 | +€3,536 | +33.3% |
| Profit (loss) for the period | 9904 | €41,116 | €31,036 | -€10,080 | -24.5% |
| Transfer from tax-exempt reserves | 789 | €813 | €813 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,929 | €31,849 | -€10,080 | -24.0% |
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 23 October 2026 via checked.be.