NORIO: 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.
NORIO
Largest movements
- Current investments +€27,861
up €27,861 (+10.6%), from €262,067 to €289,927
- Cash -€23,399
down €23,399 (-37.0%), from €63,194 to €39,795
mainly Current investments (-€27,861) and Receivables within one year (-€14,282)
- Receivables within one year +€14,282
up €14,282 (+169%), from €8,442 to €22,724
of which Trade receivables: +€13,752
- Reserves +€18,389
up €18,389 (+6.5%), from €282,944 to €301,333
- Financial charges +€1,274
up €1,274 (+51.9%), from €2,454 to €3,727
- Gross operating margin -€897
down €897 (-2.9%), from €31,329 to €30,432
- Depreciation -€639
down €639 (-60.6%), from €1,055 to €416
- Taxes -€441
down €441 (-3.9%), from €11,415 to €10,974
- Financial income +€371
up €371 (+7.1%), from €5,190 to €5,561
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.
Derived cash bridge
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 | €337,131 | €355,643 | +€18,512 | +5.5% |
| Fixed assets | 21/28 | €933 | €848 | -€85 | -9.1% |
| Tangible fixed assets | 22/27 | €933 | €848 | -€85 | -9.1% |
| Plant, machinery and equipment | 23 | - | €299 | +€299 | |
| Furniture and vehicles | 24 | €707 | €380 | -€327 | -46.3% |
| Other tangible fixed assets | 26 | €226 | €170 | -€57 | -25.0% |
| Current assets | 29/58 | €336,198 | €354,795 | +€18,597 | +5.5% |
| Amounts receivable within one year | 40/41 | €8,442 | €22,724 | +€14,282 | +169% |
| Trade receivables | 40 | €8,313 | €22,064 | +€13,752 | +165% |
| Other amounts receivable | 41 | €129 | €660 | +€530 | +410% |
| Current investments | 50/53 | €262,067 | €289,927 | +€27,861 | +10.6% |
| Cash at bank and in hand | 54/58 | €63,194 | €39,795 | -€23,399 | -37.0% |
| Deferred charges and accrued income | 490/1 | €2,496 | €2,349 | -€147 | -5.9% |
| Total equity and liabilities | 10/49 | €337,131 | €355,643 | +€18,512 | +5.5% |
| Equity | 10/15 | €295,344 | €313,733 | +€18,389 | +6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €282,944 | €301,333 | +€18,389 | +6.5% |
| Distributable reserves | 133 | €282,944 | €301,333 | +€18,389 | +6.5% |
| Amounts payable | 17/49 | €41,787 | €41,910 | +€123 | +0.3% |
| Amounts payable within one year | 42/48 | €41,787 | €41,910 | +€123 | +0.3% |
| Financial debts | 43 | €331 | - | -€331 | |
| Credit institutions | 430/8 | €331 | - | -€331 | |
| Trade debts | 44 | €1,726 | €1,965 | +€239 | +13.8% |
| Suppliers | 440/4 | €1,726 | €1,965 | +€239 | +13.8% |
| Taxes, remuneration and social security | 45 | €5,048 | €7,844 | +€2,796 | +55.4% |
| Taxes | 450/3 | €3,251 | €6,060 | +€2,809 | +86.4% |
| Remuneration and social security | 454/9 | €1,797 | €1,783 | -€14 | -0.8% |
| Other amounts payable | 47/48 | €34,682 | €32,102 | -€2,580 | -7.4% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,055 | €416 | -€639 | -60.6% |
| Other operating charges | 640/8 | €961 | €769 | -€192 | -20.0% |
| Gross operating margin | 9900 | €31,329 | €30,432 | -€897 | -2.9% |
| Operating profit (loss) | 9901 | €29,313 | €29,247 | -€66 | -0.2% |
| Financial income | 75/76B | €5,190 | €5,561 | +€371 | +7.1% |
| Recurring financial income | 75 | €5,190 | €5,561 | +€371 | +7.1% |
| Financial charges | 65/66B | €2,454 | €3,727 | +€1,274 | +51.9% |
| Recurring financial charges | 65 | €2,454 | €3,727 | +€1,274 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €32,049 | €31,081 | -€968 | -3.0% |
| Income taxes | 67/77 | €11,415 | €10,974 | -€441 | -3.9% |
| Profit (loss) for the period | 9904 | €20,634 | €20,107 | -€527 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,634 | €20,107 | -€527 | -2.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.