NORESIM: 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.
NORESIM
Largest movements
- Cash +€4,651
up €4,651 (+541%), from €860 to €5,511
mainly Net result for the year (+€7,176) and Other debts (+€726)
- Receivables within one year +€2,793
up €2,793 (+51.4%), from €5,437 to €8,231
of which Trade receivables: +€1,495
- Tangible fixed assets -€583
down €583 (-37.1%), from €1,574 to €991
- Deferred charges and accrued income +€206
up €206 (+18.2%), from €1,133 to €1,339
- Profit (loss) carried forward +€7,176
up €7,176 (+185%), from €3,879 to €11,055
- Trade debts -€834
down €834 (-95.5%), from €873 to €39
- Other debts +€726
up €726 (+32.2%), from €2,252 to €2,978
- Gross operating margin +€3,997
up €3,997 (+67.4%), from €5,928 to €9,925
- Taxes +€723
up €723 (+58.1%), from €1,245 to €1,968
- Other operating charges -€486
down €486 (-76.9%), from €632 to €146
- Depreciation +€408
up €408 (+232%), from €176 to €583
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 | €9,004 | €16,071 | +€7,067 | +78.5% |
| Fixed assets | 21/28 | €1,574 | €991 | -€583 | -37.1% |
| Tangible fixed assets | 22/27 | €1,574 | €991 | -€583 | -37.1% |
| Furniture and vehicles | 24 | €1,574 | €991 | -€583 | -37.1% |
| Current assets | 29/58 | €7,430 | €15,080 | +€7,650 | +103% |
| Amounts receivable within one year | 40/41 | €5,437 | €8,231 | +€2,793 | +51.4% |
| Trade receivables | 40 | €192 | €1,687 | +€1,495 | +780% |
| Other amounts receivable | 41 | €5,246 | €6,544 | +€1,298 | +24.7% |
| Cash at bank and in hand | 54/58 | €860 | €5,511 | +€4,651 | +541% |
| Deferred charges and accrued income | 490/1 | €1,133 | €1,339 | +€206 | +18.2% |
| Total equity and liabilities | 10/49 | €9,004 | €16,071 | +€7,067 | +78.5% |
| Equity | 10/15 | €5,879 | €13,055 | +€7,176 | +122% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,879 | €11,055 | +€7,176 | +185% |
| Amounts payable | 17/49 | €3,125 | €3,017 | -€108 | -3.5% |
| Amounts payable within one year | 42/48 | €3,125 | €3,017 | -€108 | -3.5% |
| Trade debts | 44 | €873 | €39 | -€834 | -95.5% |
| Suppliers | 440/4 | €873 | €39 | -€834 | -95.5% |
| Other amounts payable | 47/48 | €2,252 | €2,978 | +€726 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €583 | +€408 | +232% |
| Other operating charges | 640/8 | €632 | €146 | -€486 | -76.9% |
| Gross operating margin | 9900 | €5,928 | €9,925 | +€3,997 | +67.4% |
| Operating profit (loss) | 9901 | €5,120 | €9,196 | +€4,076 | +79.6% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.8% |
| Financial charges | 65/66B | €1 | €52 | +€51 | +3,716% |
| Recurring financial charges | 65 | €1 | €52 | +€51 | +3,716% |
| Profit (loss) for the period before taxes | 9903 | €5,124 | €9,144 | +€4,020 | +78.4% |
| Income taxes | 67/77 | €1,245 | €1,968 | +€723 | +58.1% |
| Profit (loss) for the period | 9904 | €3,879 | €7,176 | +€3,296 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,879 | €7,176 | +€3,296 | +85.0% |
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 20 October 2026 via checked.be.