NORISTA: 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.
NORISTA
Largest movements
- Tangible fixed assets -€1.7m
down €1.7m (-47.9%), from €3.6m to €1.9m
of which Land and buildings: -€2.1m
- Stocks and contracts +€931,597
new in 2025: €931,597
- Receivables within one year -€384,176
down €384,176 (-62.5%), from €614,401 to €230,225
of which Other amounts receivable: -€385,438
- Current portion of long-term debt -€822,269
down €822,269 (-41.1%), from €2.0m to €1.2m
- Tax, wage and social debts -€348,378
down €348,378 (-87.9%), from €396,376 to €47,999
of which Taxes: -€351,376
- Other debts +€137,641
up €137,641 (+6.3%), from €2.2m to €2.3m
- Trade debts -€88,562
down €88,562 (-85.7%), from €103,297 to €14,736
- Gross operating margin -€836,445
down €836,445 (-56.2%), from €1.5m to €651,432
- Financial income -€625,908
down €625,908 (-98.8%), from €633,633 to €7,725
of which Non-recurring financial income: -€525,051
- Taxes -€200,628
down €200,628 (-64.0%), from €313,370 to €112,742
- Depreciation +€79,075
up €79,075 (+288.4%), from €27,415 to €106,489
- Financial charges +€17,046
up €17,046 (+17.3%), from €98,492 to €115,538
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 | €5,081,695 | €3,955,415 | -€1.1m | -22.2% |
| Fixed assets | 21/28 | €4,431,233 | €2,714,624 | -€1.7m | -38.7% |
| Tangible fixed assets | 22/27 | €3,580,843 | €1,864,233 | -€1.7m | -47.9% |
| Land and buildings | 22 | €3,580,843 | €1,466,445 | -€2.1m | -59.0% |
| Plant, machinery and equipment | 23 | - | €397,788 | +€397,788 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €850,391 | €850,391 | = | 0.0% |
| Current assets | 29/58 | €650,461 | €1,240,791 | +€590,330 | +90.8% |
| Stocks and contracts in progress | 3 | - | €931,597 | +€931,597 | |
| Stocks | 30/36 | - | €931,597 | +€931,597 | |
| Amounts receivable within one year | 40/41 | €614,401 | €230,225 | -€384,176 | -62.5% |
| Trade receivables | 40 | €12,000 | €13,262 | +€1,262 | +10.5% |
| Other amounts receivable | 41 | €602,401 | €216,963 | -€385,438 | -64.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,544 | €78,495 | +€44,951 | +134.0% |
| Deferred charges and accrued income | 490/1 | €2,517 | €475 | -€2,042 | -81.1% |
| Total equity and liabilities | 10/49 | €5,081,695 | €3,955,415 | -€1.1m | -22.2% |
| Equity | 10/15 | €353,002 | €376,263 | +€23,261 | +6.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €303,002 | €326,263 | +€23,261 | +7.7% |
| Distributable reserves | 133 | €303,002 | €326,263 | +€23,261 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,728,693 | €3,579,152 | -€1.1m | -24.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,690,345 | €3,568,777 | -€1.1m | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €2,000,802 | €1,178,533 | -€822,269 | -41.1% |
| Trade debts | 44 | €103,297 | €14,736 | -€88,562 | -85.7% |
| Suppliers | 440/4 | €103,297 | €14,736 | -€88,562 | -85.7% |
| Taxes, remuneration and social security | 45 | €396,376 | €47,999 | -€348,378 | -87.9% |
| Taxes | 450/3 | €396,376 | €45,000 | -€351,376 | -88.6% |
| Remuneration and social security | 454/9 | - | €2,999 | +€2,999 | |
| Other amounts payable | 47/48 | €2,189,869 | €2,327,510 | +€137,641 | +6.3% |
| Accrued charges and deferred income | 492/3 | €38,349 | €10,376 | -€27,973 | -72.9% |
| Non-recurring operating income | 76A | - | €7,656 | +€7,656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,415 | €106,489 | +€79,075 | +288.4% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €1,487,878 | €651,432 | -€836,445 | -56.2% |
| Operating profit (loss) | 9901 | €1,459,369 | €543,816 | -€915,553 | -62.7% |
| Financial income | 75/76B | €633,633 | €7,725 | -€625,908 | -98.8% |
| Recurring financial income | 75 | €108,582 | €7,725 | -€100,857 | -92.9% |
| Non-recurring financial income | 76B | €525,051 | €0 | -€525,051 | -100.0% |
| Financial charges | 65/66B | €98,492 | €115,538 | +€17,046 | +17.3% |
| Recurring financial charges | 65 | €98,492 | €115,538 | +€17,046 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €1,994,511 | €436,004 | -€1.6m | -78.1% |
| Income taxes | 67/77 | €313,370 | €112,742 | -€200,628 | -64.0% |
| Profit (loss) for the period | 9904 | €1,681,141 | €323,261 | -€1.4m | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,681,141 | €323,261 | -€1.4m | -80.8% |
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 12 October 2026 via checked.be.