NORIP: 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.
NORIP
Largest movements
- Current investments +€40,422
up €40,422 (+5.3%), from €756,714 to €797,136
- Cash -€27,833
down €27,833 (-29.5%), from €94,391 to €66,558
mainly Contributions, distributions and other (-€291,214) and Current investments (-€40,422)
- Receivables within one year +€26,939
up €26,939 (+8,403%), from €321 to €27,260
of which Trade receivables: +€21,947
- Other debts +€141,470
up €141,470 (+94.3%), from €149,963 to €291,433
- Reserves -€106,465
down €106,465 (-15.1%), from €706,185 to €599,720
- Tax, wage and social debts -€18,069
down €18,069 (-60.5%), from €29,850 to €11,781
of which Taxes: -€15,434
- Trade debts +€14,366
up €14,366 (+610%), from €2,355 to €16,721
- Gross operating margin -€18,267
down €18,267 (-11.0%), from €165,792 to €147,524
- Financial income -€13,813
down €13,813 (-11.7%), from €118,211 to €104,398
- Taxes -€7,692
down €7,692 (-12.6%), from €61,280 to €53,588
- Financial charges +€1,675
up €1,675 (+1,335%), from €125 to €1,800
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 | €900,752 | €932,054 | +€31,302 | +3.5% |
| Fixed assets | 21/28 | €49,061 | €40,830 | -€8,231 | -16.8% |
| Tangible fixed assets | 22/27 | €13,131 | €4,965 | -€8,166 | -62.2% |
| Furniture and vehicles | 24 | €13,131 | €4,965 | -€8,166 | -62.2% |
| Financial fixed assets | 28 | €35,930 | €35,865 | -€65 | -0.2% |
| Current assets | 29/58 | €851,691 | €891,224 | +€39,533 | +4.6% |
| Amounts receivable within one year | 40/41 | €321 | €27,260 | +€26,939 | +8,403% |
| Trade receivables | 40 | - | €21,947 | +€21,947 | |
| Other amounts receivable | 41 | €321 | €5,313 | +€4,992 | +1,557% |
| Current investments | 50/53 | €756,714 | €797,136 | +€40,422 | +5.3% |
| Cash at bank and in hand | 54/58 | €94,391 | €66,558 | -€27,833 | -29.5% |
| Deferred charges and accrued income | 490/1 | €265 | €270 | +€5 | +1.9% |
| Total equity and liabilities | 10/49 | €900,752 | €932,054 | +€31,302 | +3.5% |
| Equity | 10/15 | €718,585 | €612,120 | -€106,465 | -14.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €706,185 | €599,720 | -€106,465 | -15.1% |
| Distributable reserves | 133 | €706,185 | €599,720 | -€106,465 | -15.1% |
| Amounts payable | 17/49 | €182,167 | €319,934 | +€137,767 | +75.6% |
| Amounts payable within one year | 42/48 | €182,167 | €319,934 | +€137,767 | +75.6% |
| Trade debts | 44 | €2,355 | €16,721 | +€14,366 | +610% |
| Suppliers | 440/4 | €2,355 | €16,721 | +€14,366 | +610% |
| Taxes, remuneration and social security | 45 | €29,850 | €11,781 | -€18,069 | -60.5% |
| Taxes | 450/3 | €27,215 | €11,781 | -€15,434 | -56.7% |
| Remuneration and social security | 454/9 | €2,635 | - | -€2,635 | |
| Other amounts payable | 47/48 | €149,963 | €291,433 | +€141,470 | +94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,449 | €9,484 | +€35 | +0.4% |
| Other operating charges | 640/8 | €2,468 | €2,300 | -€169 | -6.8% |
| Gross operating margin | 9900 | €165,792 | €147,524 | -€18,267 | -11.0% |
| Operating profit (loss) | 9901 | €153,874 | €135,740 | -€18,134 | -11.8% |
| Financial income | 75/76B | €118,211 | €104,398 | -€13,813 | -11.7% |
| Recurring financial income | 75 | €118,211 | €104,398 | -€13,813 | -11.7% |
| Financial charges | 65/66B | €125 | €1,800 | +€1,675 | +1,335% |
| Recurring financial charges | 65 | €125 | €1,800 | +€1,675 | +1,335% |
| Profit (loss) for the period before taxes | 9903 | €271,959 | €238,338 | -€33,622 | -12.4% |
| Income taxes | 67/77 | €61,280 | €53,588 | -€7,692 | -12.6% |
| Profit (loss) for the period | 9904 | €210,680 | €184,750 | -€25,930 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €210,680 | €184,750 | -€25,930 | -12.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.