NORDUAC: 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.
NORDUAC
Largest movements
- Receivables within one year -€11,819
down €11,819 (-39.9%), from €29,657 to €17,838
of which Trade receivables: -€13,310
- Tangible fixed assets +€6,963
up €6,963 (+11.8%), from €58,831 to €65,794
of which Leasing and similar rights: +€16,425
- Tax, wage and social debts -€15,595
down €15,595 (-46.0%), from €33,917 to €18,322
of which Taxes: -€24,095
- Debts after one year +€6,920
up €6,920 (+21.9%), from €31,640 to €38,560
- Current portion of long-term debt +€4,569
up €4,569 (+32.0%), from €14,276 to €18,845
- Reserves +€2,000
up €2,000 (+3.3%), from €61,355 to €63,355
of which Distributable reserves: +€2,000
- Other debts -€1,741
down €1,741 (-40.2%), from €4,332 to €2,591
- Gross operating margin -€19,103
down €19,103 (-34.8%), from €54,895 to €35,792
- Taxes -€11,375
down €11,375 (-77.3%), from €14,718 to €3,343
- Other operating charges +€8,023
up €8,023 (+623%), from €1,287 to €9,310
- Depreciation +€4,095
up €4,095 (+30.8%), from €13,283 to €17,378
- Financial income -€1,760
no longer reported in 2025 (was €1,760)
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 | €167,589 | €162,977 | -€4,612 | -2.8% |
| Fixed assets | 21/28 | €58,831 | €65,794 | +€6,963 | +11.8% |
| Tangible fixed assets | 22/27 | €58,831 | €65,794 | +€6,963 | +11.8% |
| Furniture and vehicles | 24 | €3,296 | €2,680 | -€616 | -18.7% |
| Leasing and similar rights | 25 | €17,662 | €34,087 | +€16,425 | +93.0% |
| Other tangible fixed assets | 26 | €37,873 | €29,028 | -€8,846 | -23.4% |
| Current assets | 29/58 | €108,758 | €97,183 | -€11,575 | -10.6% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,657 | €17,838 | -€11,819 | -39.9% |
| Trade receivables | 40 | €13,745 | €435 | -€13,310 | -96.8% |
| Other amounts receivable | 41 | €15,912 | €17,403 | +€1,491 | +9.4% |
| Cash at bank and in hand | 54/58 | €24,101 | €24,345 | +€244 | +1.0% |
| Total equity and liabilities | 10/49 | €167,589 | €162,977 | -€4,612 | -2.8% |
| Equity | 10/15 | €80,471 | €81,670 | +€1,199 | +1.5% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Reserves | 13 | €61,355 | €63,355 | +€2,000 | +3.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €58,000 | €60,000 | +€2,000 | +3.4% |
| Profit (loss) carried forward | 14 | €5,616 | €4,815 | -€801 | -14.3% |
| Amounts payable | 17/49 | €87,118 | €81,307 | -€5,811 | -6.7% |
| Amounts payable after more than one year | 17 | €31,640 | €38,560 | +€6,920 | +21.9% |
| Financial debts | 170/4 | €31,640 | €38,560 | +€6,920 | +21.9% |
| Amounts payable within one year | 42/48 | €55,478 | €42,748 | -€12,731 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €14,276 | €18,845 | +€4,569 | +32.0% |
| Trade debts | 44 | €2,954 | €2,990 | +€37 | +1.2% |
| Suppliers | 440/4 | €2,954 | €2,990 | +€37 | +1.2% |
| Taxes, remuneration and social security | 45 | €33,917 | €18,322 | -€15,595 | -46.0% |
| Taxes | 450/3 | €31,367 | €7,272 | -€24,095 | -76.8% |
| Remuneration and social security | 454/9 | €2,550 | €11,050 | +€8,500 | +333% |
| Other amounts payable | 47/48 | €4,332 | €2,591 | -€1,741 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,283 | €17,378 | +€4,095 | +30.8% |
| Other operating charges | 640/8 | €1,287 | €9,310 | +€8,023 | +623% |
| Gross operating margin | 9900 | €54,895 | €35,792 | -€19,103 | -34.8% |
| Operating profit (loss) | 9901 | €40,326 | €9,104 | -€31,222 | -77.4% |
| Financial income | 75/76B | €1,760 | - | -€1,760 | |
| Recurring financial income | 75 | €1,760 | - | -€1,760 | |
| Financial charges | 65/66B | €2,674 | €3,702 | +€1,028 | +38.4% |
| Recurring financial charges | 65 | €2,674 | €3,702 | +€1,028 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €39,411 | €5,401 | -€34,009 | -86.3% |
| Income taxes | 67/77 | €14,718 | €3,343 | -€11,375 | -77.3% |
| Profit (loss) for the period | 9904 | €24,692 | €2,058 | -€22,634 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,692 | €2,058 | -€22,634 | -91.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.