NOREVA BE: 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.
NOREVA BE
Largest movements
- Receivables within one year -€44,621
down €44,621 (-56.8%), from €78,497 to €33,875
of which Other amounts receivable: -€38,849
- Cash +€4,537
up €4,537 (+31.8%), from €14,248 to €18,785
mainly Receivables within one year (+€44,621) and Net result for the year (+€42,842)
- Stocks and contracts +€1,930
up €1,930 (+4.3%), from €44,840 to €46,770
- Other debts -€57,049
down €57,049 (-98.6%), from €57,846 to €797
- Profit (loss) carried forward +€42,842
up €42,842 (+175.0%), from €24,487 to €67,329
- Trade debts -€34,566
down €34,566 (-73.3%), from €47,127 to €12,561
- Tax, wage and social debts +€10,619
up €10,619 (+15204.6%), from €70 to €10,689
- Gross operating margin +€40,838
up €40,838 (+172.9%), from €23,618 to €64,457
- Taxes +€11,228
up €11,228 (+313.5%), from €3,582 to €14,810
- Financial charges -€2,469
down €2,469 (-28.5%), from €8,668 to €6,199
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 | €137,585 | €99,431 | -€38,154 | -27.7% |
| Current assets | 29/58 | €137,585 | €99,431 | -€38,154 | -27.7% |
| Stocks and contracts in progress | 3 | €44,840 | €46,770 | +€1,930 | +4.3% |
| Stocks | 30/36 | €44,840 | €46,770 | +€1,930 | +4.3% |
| Amounts receivable within one year | 40/41 | €78,497 | €33,875 | -€44,621 | -56.8% |
| Trade receivables | 40 | €39,648 | €33,875 | -€5,772 | -14.6% |
| Other amounts receivable | 41 | €38,849 | €0 | -€38,849 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,248 | €18,785 | +€4,537 | +31.8% |
| Total equity and liabilities | 10/49 | €137,585 | €99,431 | -€38,154 | -27.7% |
| Equity | 10/15 | €32,542 | €75,384 | +€42,842 | +131.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100.0% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100.0% |
| Distributable reserves | 133 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | €24,487 | €67,329 | +€42,842 | +175.0% |
| Amounts payable | 17/49 | €105,043 | €24,047 | -€80,996 | -77.1% |
| Amounts payable within one year | 42/48 | €105,043 | €24,047 | -€80,996 | -77.1% |
| Trade debts | 44 | €47,127 | €12,561 | -€34,566 | -73.3% |
| Suppliers | 440/4 | €47,127 | €12,561 | -€34,566 | -73.3% |
| Taxes, remuneration and social security | 45 | €70 | €10,689 | +€10,619 | +15204.6% |
| Taxes | 450/3 | €70 | €10,689 | +€10,619 | +15204.6% |
| Other amounts payable | 47/48 | €57,846 | €797 | -€57,049 | -98.6% |
| Other operating charges | 640/8 | €629 | €608 | -€21 | -3.3% |
| Gross operating margin | 9900 | €23,618 | €64,457 | +€40,838 | +172.9% |
| Operating profit (loss) | 9901 | €22,990 | €63,849 | +€40,859 | +177.7% |
| Financial income | 75/76B | €4 | €1 | -€3 | -74.7% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -74.7% |
| Financial charges | 65/66B | €8,668 | €6,199 | -€2,469 | -28.5% |
| Recurring financial charges | 65 | €8,668 | €6,199 | -€2,469 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €14,327 | €57,652 | +€43,325 | +302.4% |
| Income taxes | 67/77 | €3,582 | €14,810 | +€11,228 | +313.5% |
| Profit (loss) for the period | 9904 | €10,745 | €42,842 | +€32,097 | +298.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,745 | €42,842 | +€32,097 | +298.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.