Noréva: 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.
Noréva
Largest movements
- Cash +€17,764
up €17,764 (+513.5%), from €3,459 to €21,223
mainly Net result for the year (+€15,920) and Tax, wage and social debts (+€3,536)
- Deferred charges and accrued income -€1,160
down €1,160 (-25.3%), from €4,591 to €3,430
- Tangible fixed assets -€916
down €916 (-34.7%), from €2,642 to €1,725
- Receivables within one year +€796
up €796 (+1841.4%), from €43 to €839
of which Other amounts receivable: +€613
- Profit (loss) carried forward +€15,920
up €15,920 (+698.5%), from €2,279 to €18,199
- Tax, wage and social debts +€3,536
up €3,536 (+188.1%), from €1,880 to €5,416
of which Taxes: +€4,737
- Trade debts -€2,972
down €2,972 (-83.1%), from €3,575 to €603
- Gross operating margin +€18,831
up €18,831 (+604.6%), from €3,115 to €21,946
- Taxes +€4,059
up €4,059 (+598.1%), from €679 to €4,737
- Depreciation +€809
up €809 (+757.2%), from €107 to €916
- Other operating charges +€392
new in 2025: €392
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 | €10,735 | €27,219 | +€16,484 | +153.6% |
| Fixed assets | 21/28 | €2,642 | €1,725 | -€916 | -34.7% |
| Tangible fixed assets | 22/27 | €2,642 | €1,725 | -€916 | -34.7% |
| Furniture and vehicles | 24 | €2,642 | €1,725 | -€916 | -34.7% |
| Current assets | 29/58 | €8,093 | €25,493 | +€17,400 | +215.0% |
| Amounts receivable within one year | 40/41 | €43 | €839 | +€796 | +1841.4% |
| Trade receivables | 40 | - | €183 | +€183 | |
| Other amounts receivable | 41 | €43 | €656 | +€613 | +1418.2% |
| Cash at bank and in hand | 54/58 | €3,459 | €21,223 | +€17,764 | +513.5% |
| Deferred charges and accrued income | 490/1 | €4,591 | €3,430 | -€1,160 | -25.3% |
| Total equity and liabilities | 10/49 | €10,735 | €27,219 | +€16,484 | +153.6% |
| Equity | 10/15 | €5,279 | €21,199 | +€15,920 | +301.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,279 | €18,199 | +€15,920 | +698.5% |
| Amounts payable | 17/49 | €5,455 | €6,019 | +€564 | +10.3% |
| Amounts payable within one year | 42/48 | €5,455 | €6,019 | +€564 | +10.3% |
| Trade debts | 44 | €3,575 | €603 | -€2,972 | -83.1% |
| Suppliers | 440/4 | €3,575 | €603 | -€2,972 | -83.1% |
| Taxes, remuneration and social security | 45 | €1,880 | €5,416 | +€3,536 | +188.1% |
| Taxes | 450/3 | €679 | €5,416 | +€4,737 | +698.1% |
| Remuneration and social security | 454/9 | €1,202 | - | -€1,202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €916 | +€809 | +757.2% |
| Other operating charges | 640/8 | - | €392 | +€392 | |
| Gross operating margin | 9900 | €3,115 | €21,946 | +€18,831 | +604.6% |
| Operating profit (loss) | 9901 | €3,008 | €20,638 | +€17,630 | +586.2% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €50 | - | -€50 | |
| Recurring financial charges | 65 | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | €2,958 | €20,657 | +€17,700 | +598.4% |
| Income taxes | 67/77 | €679 | €4,737 | +€4,059 | +598.1% |
| Profit (loss) for the period | 9904 | €2,279 | €15,920 | +€13,641 | +598.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,279 | €15,920 | +€13,641 | +598.5% |
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 7 October 2026 via checked.be.