NORKA: what changed
NORKA
Largest movements
- Financial fixed assets +€141,377
up €141,377 (+211%), from €66,959 to €208,336
- Cash -€63,821
down €63,821 (-75.9%), from €84,122 to €20,301
mainly Investment in fixed assets (net) (-€143,665) and Contributions, distributions and other (-€26,069)
- Receivables within one year +€24,939
up €24,939 (+163%), from €15,268 to €40,207
of which Other amounts receivable: +€24,941
- Tangible fixed assets -€18,621
down €18,621 (-21.8%), from €85,346 to €66,725
of which Furniture and vehicles: -€11,892
- Debts after one year +€62,586
up €62,586 (+136%), from €45,934 to €108,520
- Current portion of long-term debt +€18,740
up €18,740 (+120%), from €15,560 to €34,299
- Trade debts +€4,182
up €4,182 (+961%), from €435 to €4,617
- Depreciation +€8,388
up €8,388 (+67.0%), from €12,521 to €20,909
- Gross operating margin +€6,326
up €6,326, from -€1,440 to €4,886
- Taxes -€4,059
down €4,059, from €3,322 to -€737
- Other operating charges +€3,084
up €3,084 (+152%), from €2,023 to €5,107
- Financial charges +€2,250
up €2,250 (+124%), from €1,821 to €4,070
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,647 | €402,012 | +€84,364 | +26.6% |
| Fixed assets | 21/28 | €152,306 | €275,061 | +€122,756 | +80.6% |
| Tangible fixed assets | 22/27 | €85,346 | €66,725 | -€18,621 | -21.8% |
| Land and buildings | 22 | €13,357 | €11,706 | -€1,652 | -12.4% |
| Furniture and vehicles | 24 | €62,473 | €50,581 | -€11,892 | -19.0% |
| Leasing and similar rights | 25 | €9,516 | €4,438 | -€5,078 | -53.4% |
| Financial fixed assets | 28 | €66,959 | €208,336 | +€141,377 | +211% |
| Current assets | 29/58 | €165,342 | €126,950 | -€38,391 | -23.2% |
| Amounts receivable within one year | 40/41 | €15,268 | €40,207 | +€24,939 | +163% |
| Trade receivables | 40 | €2 | - | -€2 | |
| Other amounts receivable | 41 | €15,266 | €40,207 | +€24,941 | +163% |
| Current investments | 50/53 | €61,723 | €61,723 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,122 | €20,301 | -€63,821 | -75.9% |
| Deferred charges and accrued income | 490/1 | €4,228 | €4,719 | +€491 | +11.6% |
| Total equity and liabilities | 10/49 | €317,647 | €402,012 | +€84,364 | +26.6% |
| Equity | 10/15 | €249,165 | €250,558 | +€1,393 | +0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €236,765 | €238,158 | +€1,393 | +0.6% |
| Distributable reserves | 133 | €236,765 | €238,158 | +€1,393 | +0.6% |
| Amounts payable | 17/49 | €68,483 | €151,454 | +€82,971 | +121% |
| Amounts payable after more than one year | 17 | €45,934 | €108,520 | +€62,586 | +136% |
| Financial debts | 170/4 | €45,934 | €108,520 | +€62,586 | +136% |
| Amounts payable within one year | 42/48 | €22,549 | €42,934 | +€20,385 | +90.4% |
| Current portion of amounts payable after more than one year | 42 | €15,560 | €34,299 | +€18,740 | +120% |
| Trade debts | 44 | €435 | €4,617 | +€4,182 | +961% |
| Suppliers | 440/4 | €435 | €4,617 | +€4,182 | +961% |
| Taxes, remuneration and social security | 45 | €2,400 | €2,400 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €4,154 | €1,617 | -€2,537 | -61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,521 | €20,909 | +€8,388 | +67.0% |
| Other operating charges | 640/8 | €2,023 | €5,107 | +€3,084 | +152% |
| Gross operating margin | 9900 | -€1,440 | €4,886 | +€6,326 | |
| Operating profit (loss) | 9901 | -€15,984 | -€21,131 | -€5,147 | -32.2% |
| Financial income | 75/76B | €52,084 | €51,927 | -€157 | -0.3% |
| Recurring financial income | 75 | €35,834 | €51,927 | +€16,093 | +44.9% |
| Non-recurring financial income | 76B | €16,250 | - | -€16,250 | |
| Financial charges | 65/66B | €1,821 | €4,070 | +€2,250 | +124% |
| Recurring financial charges | 65 | €1,821 | €4,070 | +€2,250 | +124% |
| Profit (loss) for the period before taxes | 9903 | €34,279 | €26,725 | -€7,554 | -22.0% |
| Income taxes | 67/77 | €3,322 | -€737 | -€4,059 | |
| Profit (loss) for the period | 9904 | €30,957 | €27,462 | -€3,495 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,957 | €27,462 | -€3,495 | -11.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.