NORIC: 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.
NORIC
Largest movements
- Tangible fixed assets +€40,729
up €40,729 (+4.1%), from €994,962 to €1.0m
of which Land and buildings: +€28,468
- Current investments -€32,120
down €32,120 (-2.4%), from €1.3m to €1.3m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€12,183
up €12,183 (+12.4%), from €98,218 to €110,400
- Depreciation +€10,274
up €10,274 (+32.5%), from €31,604 to €41,878
- Gross operating margin -€4,990
down €4,990 (-10.9%), from -€45,715 to -€50,704
- Other operating charges +€701
up €701 (+10.1%), from €6,946 to €7,647
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,483,330 | €2,490,812 | +€7,482 | +0.3% |
| Fixed assets | 21/28 | €994,962 | €1,035,691 | +€40,729 | +4.1% |
| Tangible fixed assets | 22/27 | €994,962 | €1,035,691 | +€40,729 | +4.1% |
| Land and buildings | 22 | €928,119 | €956,588 | +€28,468 | +3.1% |
| Plant, machinery and equipment | 23 | €40,500 | €26,556 | -€13,944 | -34.4% |
| Furniture and vehicles | 24 | €26,342 | €52,547 | +€26,205 | +99.5% |
| Current assets | 29/58 | €1,488,369 | €1,455,122 | -€33,247 | -2.2% |
| Stocks and contracts in progress | 3 | €2,603 | €2,603 | = | 0.0% |
| Stocks | 30/36 | €2,603 | €2,603 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €150,556 | €137,924 | -€12,632 | -8.4% |
| Trade receivables | 40 | €71,901 | €72,405 | +€505 | +0.7% |
| Other amounts receivable | 41 | €78,655 | €65,518 | -€13,137 | -16.7% |
| Current investments | 50/53 | €1,323,076 | €1,290,956 | -€32,120 | -2.4% |
| Cash at bank and in hand | 54/58 | €3,790 | €16,947 | +€13,157 | +347% |
| Deferred charges and accrued income | 490/1 | €8,344 | €6,691 | -€1,652 | -19.8% |
| Total equity and liabilities | 10/49 | €2,483,330 | €2,490,812 | +€7,482 | +0.3% |
| Equity | 10/15 | €2,378,024 | €2,383,254 | +€5,230 | +0.2% |
| Contributions | 10/11 | €1,859,277 | €1,859,277 | = | 0.0% |
| Reserves | 13 | €86,559 | €86,559 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,264 | €21,264 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,264 | €21,264 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,184 | €37,184 | = | 0.0% |
| Distributable reserves | 133 | €28,111 | €28,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | €432,188 | €437,417 | +€5,230 | +1.2% |
| Amounts payable | 17/49 | €105,306 | €107,559 | +€2,252 | +2.1% |
| Amounts payable after more than one year | 17 | €9,802 | €0 | -€9,802 | -100% |
| Financial debts | 170/4 | €9,802 | €0 | -€9,802 | -100% |
| Amounts payable within one year | 42/48 | €95,504 | €107,559 | +€12,055 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €9,672 | €9,802 | +€130 | +1.3% |
| Trade debts | 44 | €21,261 | €11,727 | -€9,534 | -44.8% |
| Suppliers | 440/4 | €21,261 | €11,727 | -€9,534 | -44.8% |
| Other amounts payable | 47/48 | €64,571 | €86,029 | +€21,458 | +33.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,604 | €41,878 | +€10,274 | +32.5% |
| Other operating charges | 640/8 | €6,946 | €7,647 | +€701 | +10.1% |
| Gross operating margin | 9900 | -€45,715 | -€50,704 | -€4,990 | -10.9% |
| Operating profit (loss) | 9901 | -€84,265 | -€100,230 | -€15,965 | -18.9% |
| Financial income | 75/76B | €98,218 | €110,400 | +€12,183 | +12.4% |
| Recurring financial income | 75 | €98,218 | €110,400 | +€12,183 | +12.4% |
| Financial charges | 65/66B | €4,490 | €4,940 | +€451 | +10.0% |
| Recurring financial charges | 65 | €4,490 | €4,940 | +€451 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €9,463 | €5,230 | -€4,233 | -44.7% |
| Profit (loss) for the period | 9904 | €9,463 | €5,230 | -€4,233 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,463 | €5,230 | -€4,233 | -44.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.