Norma Construction: 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.
Norma Construction
Largest movements
- Stocks and contracts +€479,646
up €479,646 (+106%), from €454,398 to €934,044
- Cash -€43,068
down €43,068 (-98.3%), from €43,829 to €761
mainly Stocks and contracts (-€479,646) and Net result for the year (-€25,595)
- Short-term financial debts +€324,773
new in 2025: €324,773
- Other debts +€135,496
up €135,496 (+25.4%), from €534,113 to €669,609
- Profit (loss) carried forward -€25,595
down €25,595 (-47.7%), from -€53,693 to -€79,288
- Gross operating margin -€95,821
down €95,821, from €85,902 to -€9,920
- Financial charges -€16,294
down €16,294 (-62.7%), from €25,967 to €9,673
- Other operating charges +€3,292
up €3,292 (+129%), from €2,545 to €5,838
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 | €504,295 | €938,427 | +€434,132 | +86.1% |
| Fixed assets | 21/28 | - | €1,800 | +€1,800 | |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €504,295 | €936,627 | +€432,332 | +85.7% |
| Stocks and contracts in progress | 3 | €454,398 | €934,044 | +€479,646 | +106% |
| Stocks | 30/36 | €454,398 | €934,044 | +€479,646 | +106% |
| Amounts receivable within one year | 40/41 | €3,116 | €1,822 | -€1,294 | -41.5% |
| Trade receivables | 40 | €1,190 | €0 | -€1,190 | -100% |
| Other amounts receivable | 41 | €1,926 | €1,822 | -€104 | -5.4% |
| Cash at bank and in hand | 54/58 | €43,829 | €761 | -€43,068 | -98.3% |
| Deferred charges and accrued income | 490/1 | €2,952 | €0 | -€2,952 | -100% |
| Total equity and liabilities | 10/49 | €504,295 | €938,427 | +€434,132 | +86.1% |
| Equity | 10/15 | -€33,693 | -€59,288 | -€25,595 | -76.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,693 | -€79,288 | -€25,595 | -47.7% |
| Amounts payable | 17/49 | €537,988 | €997,715 | +€459,727 | +85.5% |
| Amounts payable within one year | 42/48 | €537,988 | €997,715 | +€459,727 | +85.5% |
| Financial debts | 43 | - | €324,773 | +€324,773 | |
| Credit institutions | 430/8 | - | €324,773 | +€324,773 | |
| Trade debts | 44 | €3,547 | €3,026 | -€521 | -14.7% |
| Suppliers | 440/4 | €3,547 | €3,026 | -€521 | -14.7% |
| Taxes, remuneration and social security | 45 | €328 | €308 | -€20 | -6.1% |
| Taxes | 450/3 | €328 | €308 | -€20 | -6.1% |
| Other amounts payable | 47/48 | €534,113 | €669,609 | +€135,496 | +25.4% |
| Other operating charges | 640/8 | €2,545 | €5,838 | +€3,292 | +129% |
| Gross operating margin | 9900 | €85,902 | -€9,920 | -€95,821 | |
| Operating profit (loss) | 9901 | €83,356 | -€15,757 | -€99,114 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €25,967 | €9,673 | -€16,294 | -62.7% |
| Recurring financial charges | 65 | €25,967 | €9,673 | -€16,294 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €57,389 | -€25,430 | -€82,819 | |
| Income taxes | 67/77 | €180 | €165 | -€15 | -8.4% |
| Profit (loss) for the period | 9904 | €57,209 | -€25,595 | -€82,804 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,209 | -€25,595 | -€82,804 |
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.