NORIF: 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.
NORIF
Largest movements
- Cash -€56,278
down €56,278 (-52.0%), from €108,191 to €51,912
mainly Contributions, distributions and other (-€55,511) and Other debts (-€34,378)
- Receivables within one year -€12,726
down €12,726 (-43.2%), from €29,484 to €16,758
of which Trade receivables: -€12,358
- Other debts -€34,378
down €34,378 (-37.9%), from €90,661 to €56,283
- Reserves -€17,032
down €17,032 (-100.0%), from €17,032 to €0
- Trade debts -€13,211
down €13,211 (-93.0%), from €14,209 to €998
- Tax, wage and social debts -€3,634
down €3,634 (-30.3%), from €11,981 to €8,347
of which Taxes: -€3,634
- Gross operating margin -€6,751
down €6,751 (-11.3%), from €59,792 to €53,041
- Financial charges -€1,736
down €1,736 (-89.7%), from €1,935 to €199
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.
Cash bridge derived
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 | €138,883 | €71,140 | -€67,742 | -48.8% |
| Fixed assets | 21/28 | €426 | €1,667 | +€1,241 | +291.4% |
| Tangible fixed assets | 22/27 | €426 | €1,667 | +€1,241 | +291.4% |
| Plant, machinery and equipment | 23 | - | €1,606 | +€1,606 | |
| Furniture and vehicles | 24 | €426 | €62 | -€364 | -85.5% |
| Current assets | 29/58 | €138,457 | €69,473 | -€68,983 | -49.8% |
| Amounts receivable within one year | 40/41 | €29,484 | €16,758 | -€12,726 | -43.2% |
| Trade receivables | 40 | €26,066 | €13,708 | -€12,358 | -47.4% |
| Other amounts receivable | 41 | €3,418 | €3,050 | -€368 | -10.8% |
| Cash at bank and in hand | 54/58 | €108,191 | €51,912 | -€56,278 | -52.0% |
| Deferred charges and accrued income | 490/1 | €782 | €803 | +€21 | +2.7% |
| Total equity and liabilities | 10/49 | €138,883 | €71,140 | -€67,742 | -48.8% |
| Equity | 10/15 | €22,032 | €5,000 | -€17,032 | -77.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,032 | €0 | -€17,032 | -100.0% |
| Distributable reserves | 133 | €17,032 | €0 | -€17,032 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €116,851 | €66,140 | -€50,710 | -43.4% |
| Amounts payable within one year | 42/48 | €116,851 | €65,627 | -€51,224 | -43.8% |
| Trade debts | 44 | €14,209 | €998 | -€13,211 | -93.0% |
| Suppliers | 440/4 | €14,209 | €998 | -€13,211 | -93.0% |
| Taxes, remuneration and social security | 45 | €11,981 | €8,347 | -€3,634 | -30.3% |
| Taxes | 450/3 | €11,981 | €8,347 | -€3,634 | -30.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €90,661 | €56,283 | -€34,378 | -37.9% |
| Accrued charges and deferred income | 492/3 | - | €513 | +€513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €479 | +€98 | +25.8% |
| Other operating charges | 640/8 | €909 | €577 | -€331 | -36.5% |
| Gross operating margin | 9900 | €59,792 | €53,041 | -€6,751 | -11.3% |
| Operating profit (loss) | 9901 | €58,503 | €51,985 | -€6,518 | -11.1% |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €1,935 | €199 | -€1,736 | -89.7% |
| Recurring financial charges | 65 | €1,935 | €199 | -€1,736 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | €56,568 | €51,796 | -€4,772 | -8.4% |
| Income taxes | 67/77 | €12,987 | €13,317 | +€330 | +2.5% |
| Profit (loss) for the period | 9904 | €43,581 | €38,479 | -€5,102 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,581 | €38,479 | -€5,102 | -11.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.