NORDPOOL: 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.
NORDPOOL
Largest movements
- Receivables within one year +€6,606
up €6,606 (+42.0%), from €15,711 to €22,317
of which Trade receivables: +€3,909
- Cash +€2,604
up €2,604 (+10284.4%), from €25 to €2,629
mainly Tax, wage and social debts (+€15,800) and Deferred charges and accrued income (+€1,482)
- Deferred charges and accrued income -€1,482
down €1,482 (-44.6%), from €3,323 to €1,841
- Financial fixed assets -€1,000
down €1,000 (-100.0%), from €1,000 to €0
- Tax, wage and social debts +€15,800
up €15,800 (+99.4%), from €15,887 to €31,686
of which Taxes: +€17,300
- Current portion of long-term debt -€4,127
down €4,127 (-66.1%), from €6,241 to €2,114
- Trade debts -€2,547
down €2,547 (-19.7%), from €12,942 to €10,395
- Debts after one year -€2,114
down €2,114 (-100.0%), from €2,114 to €0
- Profit (loss) carried forward +€855
up €855 (+2.4%), from -€35,485 to -€34,630
- Gross operating margin -€26,095
down €26,095 (-75.0%), from €34,785 to €8,690
- Other operating charges +€1,440
up €1,440 (+29.7%), from €4,847 to €6,287
- Financial charges -€490
down €490 (-24.2%), from €2,023 to €1,533
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 | €20,956 | €27,572 | +€6,616 | +31.6% |
| Fixed assets | 21/28 | €1,897 | €785 | -€1,112 | -58.6% |
| Tangible fixed assets | 22/27 | €897 | €785 | -€112 | -12.5% |
| Plant, machinery and equipment | 23 | €897 | €785 | -€112 | -12.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €19,059 | €26,787 | +€7,728 | +40.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,711 | €22,317 | +€6,606 | +42.0% |
| Trade receivables | 40 | €8,980 | €12,889 | +€3,909 | +43.5% |
| Other amounts receivable | 41 | €6,731 | €9,428 | +€2,697 | +40.1% |
| Cash at bank and in hand | 54/58 | €25 | €2,629 | +€2,604 | +10284.4% |
| Deferred charges and accrued income | 490/1 | €3,323 | €1,841 | -€1,482 | -44.6% |
| Total equity and liabilities | 10/49 | €20,956 | €27,572 | +€6,616 | +31.6% |
| Equity | 10/15 | -€17,485 | -€16,630 | +€855 | +4.9% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,485 | -€34,630 | +€855 | +2.4% |
| Amounts payable | 17/49 | €38,441 | €44,202 | +€5,761 | +15.0% |
| Amounts payable after more than one year | 17 | €2,114 | €0 | -€2,114 | -100.0% |
| Financial debts | 170/4 | €2,114 | €0 | -€2,114 | -100.0% |
| Amounts payable within one year | 42/48 | €35,642 | €44,202 | +€8,561 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €6,241 | €2,114 | -€4,127 | -66.1% |
| Financial debts | 43 | €571 | €6 | -€565 | -98.9% |
| Credit institutions | 430/8 | €571 | €6 | -€565 | -98.9% |
| Trade debts | 44 | €12,942 | €10,395 | -€2,547 | -19.7% |
| Suppliers | 440/4 | €12,942 | €10,395 | -€2,547 | -19.7% |
| Taxes, remuneration and social security | 45 | €15,887 | €31,686 | +€15,800 | +99.4% |
| Taxes | 450/3 | €9,887 | €27,186 | +€17,300 | +175.0% |
| Remuneration and social security | 454/9 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €686 | €0 | -€686 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €80 | €0 | -€80 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €112 | -€138 | -55.1% |
| Other operating charges | 640/8 | €4,847 | €6,287 | +€1,440 | +29.7% |
| Gross operating margin | 9900 | €34,785 | €8,690 | -€26,095 | -75.0% |
| Operating profit (loss) | 9901 | €29,608 | €2,291 | -€27,318 | -92.3% |
| Financial income | 75/76B | €0 | €238 | +€238 | +238020.0% |
| Recurring financial income | 75 | €0 | €238 | +€238 | +238020.0% |
| Financial charges | 65/66B | €2,023 | €1,533 | -€490 | -24.2% |
| Recurring financial charges | 65 | €2,023 | €1,533 | -€490 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €27,586 | €996 | -€26,590 | -96.4% |
| Income taxes | 67/77 | €144 | €141 | -€4 | -2.4% |
| Profit (loss) for the period | 9904 | €27,441 | €855 | -€26,586 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,441 | €855 | -€26,586 | -96.9% |
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 12 October 2026 via checked.be.