NORDIT: what changed
Two fiscal 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.
NORDIT
Largest movements
- Current investments +€24,000
up €24,000 (+36.3%), from €66,203 to €90,203
- Cash +€13,934
up €13,934 (+23.8%), from €58,604 to €72,539
mainly Net result for the year (+€61,118) and Receivables within one year (+€11,344)
- Receivables within one year -€11,344
down €11,344 (-30.2%), from €37,551 to €26,208
of which Trade receivables: -€27,443
- Tangible fixed assets -€2,922
down €2,922 (-42.3%), from €6,916 to €3,994
- Reserves +€61,118
up €61,118 (+52.4%), from €116,602 to €177,719
- Other debts -€39,436
no longer reported in 2025 (was €39,436)
- Gross operating margin +€14,755
up €14,755 (+20.2%), from €73,009 to €87,764
- Taxes +€9,230
up €9,230 (+65.2%), from €14,166 to €23,396
- Depreciation +€1,285
up €1,285 (+78.5%), from €1,637 to €2,922
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 | €171,223 | €193,057 | +€21,834 | +12.8% |
| Fixed assets | 21/28 | €6,916 | €3,994 | -€2,922 | -42.3% |
| Tangible fixed assets | 22/27 | €6,916 | €3,994 | -€2,922 | -42.3% |
| Furniture and vehicles | 24 | €6,916 | €3,994 | -€2,922 | -42.3% |
| Current assets | 29/58 | €164,308 | €189,063 | +€24,756 | +15.1% |
| Amounts receivable within one year | 40/41 | €37,551 | €26,208 | -€11,344 | -30.2% |
| Trade receivables | 40 | €27,443 | - | -€27,443 | |
| Other amounts receivable | 41 | €10,109 | €26,208 | +€16,099 | +159.3% |
| Current investments | 50/53 | €66,203 | €90,203 | +€24,000 | +36.3% |
| Cash at bank and in hand | 54/58 | €58,604 | €72,539 | +€13,934 | +23.8% |
| Deferred charges and accrued income | 490/1 | €1,949 | €114 | -€1,835 | -94.2% |
| Total equity and liabilities | 10/49 | €171,223 | €193,057 | +€21,834 | +12.8% |
| Equity | 10/15 | €120,102 | €181,219 | +€61,118 | +50.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €116,602 | €177,719 | +€61,118 | +52.4% |
| Distributable reserves | 133 | €116,602 | €177,719 | +€61,118 | +52.4% |
| Amounts payable | 17/49 | €51,121 | €11,838 | -€39,284 | -76.8% |
| Amounts payable within one year | 42/48 | €51,121 | €11,838 | -€39,284 | -76.8% |
| Trade debts | 44 | €2,617 | €1,840 | -€777 | -29.7% |
| Suppliers | 440/4 | €2,617 | €1,840 | -€777 | -29.7% |
| Taxes, remuneration and social security | 45 | €9,068 | €9,998 | +€930 | +10.3% |
| Taxes | 450/3 | €9,068 | €9,998 | +€930 | +10.3% |
| Other amounts payable | 47/48 | €39,436 | - | -€39,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,637 | €2,922 | +€1,285 | +78.5% |
| Other operating charges | 640/8 | €451 | €400 | -€51 | -11.4% |
| Gross operating margin | 9900 | €73,009 | €87,764 | +€14,755 | +20.2% |
| Operating profit (loss) | 9901 | €70,921 | €84,442 | +€13,521 | +19.1% |
| Financial income | 75/76B | €290 | €768 | +€478 | +164.5% |
| Recurring financial income | 75 | €290 | €768 | +€478 | +164.5% |
| Financial charges | 65/66B | €729 | €696 | -€33 | -4.5% |
| Recurring financial charges | 65 | €729 | €696 | -€33 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €70,482 | €84,514 | +€14,032 | +19.9% |
| Income taxes | 67/77 | €14,166 | €23,396 | +€9,230 | +65.2% |
| Profit (loss) for the period | 9904 | €56,316 | €61,118 | +€4,802 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,316 | €61,118 | +€4,802 | +8.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.