NORDIC NOIR: 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 NOIR
Largest movements
- Cash +€11,786
up €11,786 (+128%), from €9,206 to €20,992
mainly Net result for the year (+€8,158) and Tax, wage and social debts (+€6,665)
- Receivables within one year +€2,541
up €2,541 (+38.9%), from €6,534 to €9,075
- Tangible fixed assets -€1,123
down €1,123 (-54.3%), from €2,068 to €945
of which Furniture and vehicles: -€2,068
- Tax, wage and social debts +€6,665
up €6,665 (+102%), from €6,546 to €13,211
of which Remuneration and social security: +€4,200
- Profit (loss) carried forward +€5,453
up €5,453, from -€5,453 to €0
- Reserves +€2,706
new in 2025: €2,706
- Other debts -€2,120
down €2,120 (-78.1%), from €2,716 to €596
- Trade debts +€501
new in 2025: €501
- Gross operating margin +€11,545
up €11,545, from -€160 to €11,385
- Taxes +€1,163
new in 2025: €1,163
- Depreciation +€133
up €133 (+13.5%), from €990 to €1,123
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 | €30,309 | €43,513 | +€13,204 | +43.6% |
| Fixed assets | 21/28 | €14,569 | €13,446 | -€1,123 | -7.7% |
| Tangible fixed assets | 22/27 | €2,068 | €945 | -€1,123 | -54.3% |
| Plant, machinery and equipment | 23 | - | €945 | +€945 | |
| Furniture and vehicles | 24 | €2,068 | - | -€2,068 | |
| Financial fixed assets | 28 | €12,501 | €12,501 | = | 0.0% |
| Current assets | 29/58 | €15,740 | €30,067 | +€14,327 | +91.0% |
| Amounts receivable within one year | 40/41 | €6,534 | €9,075 | +€2,541 | +38.9% |
| Trade receivables | 40 | €6,534 | €9,075 | +€2,541 | +38.9% |
| Cash at bank and in hand | 54/58 | €9,206 | €20,992 | +€11,786 | +128% |
| Total equity and liabilities | 10/49 | €30,309 | €43,513 | +€13,204 | +43.6% |
| Equity | 10/15 | -€3,953 | €4,206 | +€8,158 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | - | -€1,500 | |
| Issued capital | 100 | €1,500 | - | -€1,500 | |
| Reserves | 13 | - | €2,706 | +€2,706 | |
| Distributable reserves | 133 | - | €2,706 | +€2,706 | |
| Profit (loss) carried forward | 14 | -€5,453 | €0 | +€5,453 | |
| Amounts payable | 17/49 | €34,262 | €39,307 | +€5,046 | +14.7% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,262 | €14,307 | +€5,046 | +54.5% |
| Trade debts | 44 | - | €501 | +€501 | |
| Suppliers | 440/4 | - | €501 | +€501 | |
| Taxes, remuneration and social security | 45 | €6,546 | €13,211 | +€6,665 | +102% |
| Taxes | 450/3 | €6,546 | €9,011 | +€2,465 | +37.7% |
| Remuneration and social security | 454/9 | - | €4,200 | +€4,200 | |
| Other amounts payable | 47/48 | €2,716 | €596 | -€2,120 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €1,123 | +€133 | +13.5% |
| Other operating charges | 640/8 | €446 | €449 | +€3 | +0.6% |
| Gross operating margin | 9900 | -€160 | €11,385 | +€11,545 | |
| Operating profit (loss) | 9901 | -€1,596 | €9,813 | +€11,409 | |
| Financial charges | 65/66B | €462 | €492 | +€30 | +6.5% |
| Recurring financial charges | 65 | €462 | €492 | +€30 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,058 | €9,321 | +€11,379 | |
| Income taxes | 67/77 | - | €1,163 | +€1,163 | |
| Profit (loss) for the period | 9904 | -€2,058 | €8,158 | +€10,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,058 | €8,158 | +€10,216 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.