NORIB: 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.
NORIB
Largest movements
- Tangible fixed assets -€448,943
down €448,943 (-57.1%), from €786,890 to €337,947
- Current investments +€300,000
new in 2025: €300,000
- Receivables within one year +€104,770
new in 2025: €104,770
- Cash +€86,496
up €86,496 (+74.1%), from €116,795 to €203,291
mainly Net result for the year (+€886,354) and Investment in fixed assets (net) (+€443,996)
- Debts after one year -€986,400
down €986,400 (-98.6%), from €1.0m to €14,268
- Reserves +€773,842
up €773,842 (+12897.4%), from €6,000 to €779,842
of which Tax-exempt reserves: +€773,842
- Provisions +€257,947
new in 2025: €257,947
- Profit (loss) carried forward +€112,512
up €112,512 (+40.4%), from -€278,368 to -€165,857
- Advances received -€57,792
no longer reported in 2025 (was €57,792)
- Gross operating margin +€1.1m
up €1.1m, from -€8,479 to €1.1m
- Depreciation -€14,683
down €14,683 (-88.3%), from €16,631 to €1,948
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 | €903,822 | €949,008 | +€45,186 | +5.0% |
| Fixed assets | 21/28 | €786,890 | €340,947 | -€445,943 | -56.7% |
| Tangible fixed assets | 22/27 | €786,890 | €337,947 | -€448,943 | -57.1% |
| Land and buildings | 22 | €786,890 | €337,947 | -€448,943 | -57.1% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €116,932 | €608,061 | +€491,129 | +420.0% |
| Amounts receivable within one year | 40/41 | - | €104,770 | +€104,770 | |
| Trade receivables | 40 | - | €104,770 | +€104,770 | |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €116,795 | €203,291 | +€86,496 | +74.1% |
| Deferred charges and accrued income | 490/1 | €137 | - | -€137 | |
| Total equity and liabilities | 10/49 | €903,822 | €949,008 | +€45,186 | +5.0% |
| Equity | 10/15 | -€212,368 | €673,986 | +€886,354 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €779,842 | +€773,842 | +12897.4% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | - | -€6,000 | |
| Own shares acquired | 1312 | - | €6,000 | +€6,000 | |
| Tax-exempt reserves | 132 | - | €773,842 | +€773,842 | |
| Profit (loss) carried forward | 14 | -€278,368 | -€165,857 | +€112,512 | +40.4% |
| Provisions and deferred taxes | 16 | - | €257,947 | +€257,947 | |
| Deferred taxes | 168 | - | €257,947 | +€257,947 | |
| Amounts payable | 17/49 | €1,116,190 | €17,074 | -€1.1m | -98.5% |
| Amounts payable after more than one year | 17 | €1,000,668 | €14,268 | -€986,400 | -98.6% |
| Other amounts payable | 178/9 | €1,000,668 | €14,268 | -€986,400 | -98.6% |
| Amounts payable within one year | 42/48 | €115,522 | €2,806 | -€112,716 | -97.6% |
| Trade debts | 44 | €57,730 | €2,806 | -€54,924 | -95.1% |
| Suppliers | 440/4 | €57,730 | €2,806 | -€54,924 | -95.1% |
| Advances received on contracts in progress | 46 | €57,792 | - | -€57,792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,631 | €1,948 | -€14,683 | -88.3% |
| Other operating charges | 640/8 | €2,035 | €1,716 | -€319 | -15.7% |
| Non-recurring operating charges | 66A | €57,720 | -€57,720 | -€115,440 | |
| Gross operating margin | 9900 | -€8,479 | €1,087,640 | +€1.1m | |
| Operating profit (loss) | 9901 | -€84,865 | €1,141,696 | +€1.2m | |
| Financial income | 75/76B | €35 | €3,359 | +€3,325 | +9575.4% |
| Recurring financial income | 75 | €35 | €3,359 | +€3,325 | +9575.4% |
| Financial charges | 65/66B | €57 | €754 | +€697 | +1229.3% |
| Recurring financial charges | 65 | €57 | €754 | +€697 | +1229.3% |
| Profit (loss) for the period before taxes | 9903 | -€84,887 | €1,144,302 | +€1.2m | |
| Transfer to deferred taxes | 680 | - | €257,947 | +€257,947 | |
| Profit (loss) for the period | 9904 | -€84,887 | €886,354 | +€971,241 | |
| Transfer to tax-exempt reserves | 689 | - | €773,842 | +€773,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,887 | €112,512 | +€197,399 |
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 29 September 2026 via checked.be.