Norlin: 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.
Norlin
Largest movements
- Receivables within one year +€37,870
up €37,870 (+102.0%), from €37,130 to €75,000
of which Trade receivables: +€40,000
- Tangible fixed assets -€20,207
down €20,207 (-22.2%), from €91,074 to €70,867
of which Furniture and vehicles: -€19,368
- Cash -€13,605
down €13,605 (-36.8%), from €36,932 to €23,327
mainly Contributions, distributions and other (-€42,000) and Receivables within one year (-€37,870)
- Other debts +€16,408
up €16,408 (+22.9%), from €71,662 to €88,070
- Debts after one year -€14,023
down €14,023 (-25.9%), from €54,105 to €40,082
- Tax, wage and social debts +€2,025
up €2,025 (+70.5%), from €2,872 to €4,897
- Depreciation +€11,606
up €11,606 (+134.9%), from €8,601 to €20,207
- Financial charges +€1,242
up €1,242 (+90.8%), from €1,368 to €2,610
- Gross operating margin +€1,056
up €1,056 (+1.3%), from €79,608 to €80,663
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 | €165,136 | €169,194 | +€4,059 | +2.5% |
| Fixed assets | 21/28 | €91,074 | €70,867 | -€20,207 | -22.2% |
| Tangible fixed assets | 22/27 | €91,074 | €70,867 | -€20,207 | -22.2% |
| Plant, machinery and equipment | 23 | €2,332 | €1,494 | -€838 | -35.9% |
| Furniture and vehicles | 24 | €88,742 | €69,374 | -€19,368 | -21.8% |
| Current assets | 29/58 | €74,062 | €98,327 | +€24,265 | +32.8% |
| Amounts receivable within one year | 40/41 | €37,130 | €75,000 | +€37,870 | +102.0% |
| Trade receivables | 40 | €35,000 | €75,000 | +€40,000 | +114.3% |
| Other amounts receivable | 41 | €2,130 | €0 | -€2,130 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,932 | €23,327 | -€13,605 | -36.8% |
| Total equity and liabilities | 10/49 | €165,136 | €169,194 | +€4,059 | +2.5% |
| Equity | 10/15 | €20,751 | €20,997 | +€246 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,151 | €2,397 | +€246 | +11.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,151 | €2,397 | +€246 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,385 | €148,197 | +€3,812 | +2.6% |
| Amounts payable after more than one year | 17 | €54,105 | €40,082 | -€14,023 | -25.9% |
| Financial debts | 170/4 | €54,105 | €40,082 | -€14,023 | -25.9% |
| Amounts payable within one year | 42/48 | €89,508 | €108,115 | +€18,607 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €13,505 | €14,023 | +€518 | +3.8% |
| Trade debts | 44 | €1,469 | €1,125 | -€344 | -23.4% |
| Suppliers | 440/4 | €1,469 | €1,125 | -€344 | -23.4% |
| Taxes, remuneration and social security | 45 | €2,872 | €4,897 | +€2,025 | +70.5% |
| Taxes | 450/3 | €2,872 | €4,897 | +€2,025 | +70.5% |
| Other amounts payable | 47/48 | €71,662 | €88,070 | +€16,408 | +22.9% |
| Accrued charges and deferred income | 492/3 | €771 | €0 | -€771 | -100.0% |
| Non-recurring operating income | 76A | €8,000 | €0 | -€8,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,601 | €20,207 | +€11,606 | +134.9% |
| Other operating charges | 640/8 | €1,690 | €972 | -€718 | -42.5% |
| Gross operating margin | 9900 | €79,608 | €80,663 | +€1,056 | +1.3% |
| Operating profit (loss) | 9901 | €69,317 | €59,485 | -€9,832 | -14.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,368 | €2,610 | +€1,242 | +90.8% |
| Recurring financial charges | 65 | €1,368 | €2,610 | +€1,242 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | €67,949 | €56,875 | -€11,074 | -16.3% |
| Income taxes | 67/77 | €14,870 | €14,629 | -€241 | -1.6% |
| Profit (loss) for the period | 9904 | €53,079 | €42,246 | -€10,833 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,079 | €42,246 | -€10,833 | -20.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.