NORIK: 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.
NORIK
Largest movements
- Cash +€117,151
up €117,151 (+122.6%), from €95,558 to €212,708
mainly Other debts (+€200,000) and Net result for the year (+€72,875)
- Tangible fixed assets -€43,475
down €43,475 (-10.1%), from €429,452 to €385,978
- Other debts +€200,000
up €200,000, from €0 to €200,000
- Reserves -€127,125
down €127,125 (-41.0%), from €309,950 to €182,825
of which Distributable reserves: -€127,125
- Gross operating margin +€5,962
up €5,962 (+4.3%), from €139,169 to €145,131
- Taxes +€1,458
up €1,458 (+6.4%), from €22,836 to €24,294
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 | €526,159 | €598,686 | +€72,527 | +13.8% |
| Fixed assets | 21/28 | €429,452 | €385,978 | -€43,475 | -10.1% |
| Tangible fixed assets | 22/27 | €429,452 | €385,978 | -€43,475 | -10.1% |
| Land and buildings | 22 | €429,452 | €385,978 | -€43,475 | -10.1% |
| Current assets | 29/58 | €96,706 | €212,708 | +€116,002 | +120.0% |
| Amounts receivable within one year | 40/41 | €1,148 | €0 | -€1,148 | -100.0% |
| Trade receivables | 40 | €1,148 | €0 | -€1,148 | -100.0% |
| Cash at bank and in hand | 54/58 | €95,558 | €212,708 | +€117,151 | +122.6% |
| Total equity and liabilities | 10/49 | €526,159 | €598,686 | +€72,527 | +13.8% |
| Equity | 10/15 | €484,950 | €357,825 | -€127,125 | -26.2% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €309,950 | €182,825 | -€127,125 | -41.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €292,450 | €165,325 | -€127,125 | -43.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,208 | €240,861 | +€199,653 | +484.5% |
| Amounts payable within one year | 42/48 | €4,641 | €204,294 | +€199,653 | +4302.2% |
| Taxes, remuneration and social security | 45 | €4,641 | €4,294 | -€347 | -7.5% |
| Taxes | 450/3 | €4,641 | €4,294 | -€347 | -7.5% |
| Other amounts payable | 47/48 | €0 | €200,000 | +€200,000 | |
| Accrued charges and deferred income | 492/3 | €36,568 | €36,568 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,475 | €43,475 | = | 0.0% |
| Other operating charges | 640/8 | €4,351 | €4,482 | +€131 | +3.0% |
| Gross operating margin | 9900 | €139,169 | €145,131 | +€5,962 | +4.3% |
| Operating profit (loss) | 9901 | €91,343 | €97,174 | +€5,831 | +6.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | - | €6 | +€6 | |
| Recurring financial charges | 65 | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €91,343 | €97,168 | +€5,825 | +6.4% |
| Income taxes | 67/77 | €22,836 | €24,294 | +€1,458 | +6.4% |
| Profit (loss) for the period | 9904 | €68,507 | €72,875 | +€4,367 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,507 | €72,875 | +€4,367 | +6.4% |
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 5 October 2026 via checked.be.