NORDIKA: 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.
NORDIKA
Largest movements
- Stocks and contracts +€603,573
up €603,573 (+257%), from €234,766 to €838,339
- Receivables within one year +€21,278
up €21,278 (+50.8%), from €41,858 to €63,136
of which Trade receivables: +€23,508
- Debts after one year +€462,080
up €462,080 (+262%), from €176,619 to €638,699
- Profit (loss) carried forward +€135,482
up €135,482, from -€64,481 to €71,001
- Tax, wage and social debts +€58,991
up €58,991 (+9,364%), from €630 to €59,621
- Other debts -€20,677
down €20,677 (-8.4%), from €245,028 to €224,350
- Trade debts -€20,192
down €20,192 (-44.3%), from €45,554 to €25,362
- Gross operating margin +€212,318
up €212,318, from -€9,657 to €202,660
- Financial charges +€40,871
up €40,871 (+5,401%), from €757 to €41,628
- Taxes +€25,178
new in 2025: €25,178
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 | €446,731 | €1,067,034 | +€620,304 | +139% |
| Fixed assets | 21/28 | €2,000 | - | -€2,000 | |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €444,731 | €1,067,034 | +€622,304 | +140% |
| Stocks and contracts in progress | 3 | €234,766 | €838,339 | +€603,573 | +257% |
| Stocks | 30/36 | €234,766 | €838,339 | +€603,573 | +257% |
| Amounts receivable within one year | 40/41 | €41,858 | €63,136 | +€21,278 | +50.8% |
| Trade receivables | 40 | €39,629 | €63,136 | +€23,508 | +59.3% |
| Other amounts receivable | 41 | €2,230 | - | -€2,230 | |
| Cash at bank and in hand | 54/58 | €167,601 | €165,560 | -€2,041 | -1.2% |
| Deferred charges and accrued income | 490/1 | €506 | - | -€506 | |
| Total equity and liabilities | 10/49 | €446,731 | €1,067,034 | +€620,304 | +139% |
| Equity | 10/15 | -€44,481 | €91,001 | +€135,482 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,481 | €71,001 | +€135,482 | |
| Amounts payable | 17/49 | €491,212 | €976,034 | +€484,822 | +98.7% |
| Amounts payable after more than one year | 17 | €176,619 | €638,699 | +€462,080 | +262% |
| Financial debts | 170/4 | €176,619 | €638,699 | +€462,080 | +262% |
| Amounts payable within one year | 42/48 | €314,593 | €337,335 | +€22,742 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €23,381 | €28,001 | +€4,620 | +19.8% |
| Trade debts | 44 | €45,554 | €25,362 | -€20,192 | -44.3% |
| Suppliers | 440/4 | €45,554 | €25,362 | -€20,192 | -44.3% |
| Taxes, remuneration and social security | 45 | €630 | €59,621 | +€58,991 | +9,364% |
| Taxes | 450/3 | €630 | €59,621 | +€58,991 | +9,364% |
| Other amounts payable | 47/48 | €245,028 | €224,350 | -€20,677 | -8.4% |
| Other operating charges | 640/8 | €100 | €387 | +€287 | +287% |
| Gross operating margin | 9900 | -€9,657 | €202,660 | +€212,318 | |
| Operating profit (loss) | 9901 | -€9,757 | €202,273 | +€212,030 | |
| Financial income | 75/76B | €2 | €16 | +€14 | +611% |
| Recurring financial income | 75 | €2 | €16 | +€14 | +611% |
| Financial charges | 65/66B | €757 | €41,628 | +€40,871 | +5,401% |
| Recurring financial charges | 65 | €757 | €41,628 | +€40,871 | +5,401% |
| Profit (loss) for the period before taxes | 9903 | -€10,512 | €160,661 | +€171,173 | |
| Income taxes | 67/77 | - | €25,178 | +€25,178 | |
| Profit (loss) for the period | 9904 | -€10,512 | €135,482 | +€145,994 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,512 | €135,482 | +€145,994 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.