NORMA CONSULTING: what changed
Two fiscal 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 CONSULTING
Largest movements
- Current investments +€66,291
up €66,291 (+42.2%), from €157,251 to €223,542
- Cash +€23,166
up €23,166 (+56.1%), from €41,298 to €64,464
mainly Other debts (+€287,177) and Net result for the year (+€78,134)
- Tangible fixed assets -€4,779
down €4,779 (-12.1%), from €39,624 to €34,845
of which Plant, machinery and equipment: -€3,966
- Other debts +€287,177
new in 2025: €287,177
- Reserves -€209,043
no longer reported in 2025 (was €209,043)
- Trade debts +€8,634
up €8,634 (+52.3%), from €16,494 to €25,128
- Gross operating margin -€4,556
down €4,556 (-3.5%), from €129,703 to €125,147
- Taxes +€3,277
up €3,277 (+12.5%), from €26,270 to €29,547
- Depreciation +€2,225
up €2,225 (+19.4%), from €11,478 to €13,703
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 | €270,404 | €354,946 | +€84,542 | +31.3% |
| Fixed assets | 21/28 | €39,624 | €34,845 | -€4,779 | -12.1% |
| Tangible fixed assets | 22/27 | €39,624 | €34,845 | -€4,779 | -12.1% |
| Plant, machinery and equipment | 23 | €11,580 | €7,614 | -€3,966 | -34.2% |
| Furniture and vehicles | 24 | €28,044 | €27,231 | -€813 | -2.9% |
| Current assets | 29/58 | €230,780 | €320,101 | +€89,321 | +38.7% |
| Amounts receivable within one year | 40/41 | €32,231 | €31,844 | -€387 | -1.2% |
| Trade receivables | 40 | €26,584 | €22,375 | -€4,209 | -15.8% |
| Other amounts receivable | 41 | €5,647 | €9,469 | +€3,822 | +67.7% |
| Current investments | 50/53 | €157,251 | €223,542 | +€66,291 | +42.2% |
| Cash at bank and in hand | 54/58 | €41,298 | €64,464 | +€23,166 | +56.1% |
| Deferred charges and accrued income | 490/1 | - | €251 | +€251 | |
| Total equity and liabilities | 10/49 | €270,404 | €354,946 | +€84,542 | +31.3% |
| Equity | 10/15 | €211,043 | €2,000 | -€209,043 | -99.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €209,043 | - | -€209,043 | |
| Distributable reserves | 133 | €209,043 | - | -€209,043 | |
| Amounts payable | 17/49 | €59,361 | €352,946 | +€293,585 | +494.6% |
| Amounts payable within one year | 42/48 | €58,867 | €352,946 | +€294,079 | +499.6% |
| Trade debts | 44 | €16,494 | €25,128 | +€8,634 | +52.3% |
| Suppliers | 440/4 | €16,494 | €25,128 | +€8,634 | +52.3% |
| Taxes, remuneration and social security | 45 | €42,373 | €40,641 | -€1,732 | -4.1% |
| Taxes | 450/3 | €40,726 | €40,054 | -€672 | -1.7% |
| Remuneration and social security | 454/9 | €1,647 | €587 | -€1,060 | -64.4% |
| Other amounts payable | 47/48 | - | €287,177 | +€287,177 | |
| Accrued charges and deferred income | 492/3 | €494 | - | -€494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,478 | €13,703 | +€2,225 | +19.4% |
| Other operating charges | 640/8 | €2,515 | €2,451 | -€64 | -2.5% |
| Gross operating margin | 9900 | €129,703 | €125,147 | -€4,556 | -3.5% |
| Operating profit (loss) | 9901 | €115,710 | €108,993 | -€6,717 | -5.8% |
| Financial income | 75/76B | €334 | €1,001 | +€667 | +199.7% |
| Recurring financial income | 75 | €334 | €1,001 | +€667 | +199.7% |
| Financial charges | 65/66B | €1,693 | €2,313 | +€620 | +36.6% |
| Recurring financial charges | 65 | €1,693 | €2,313 | +€620 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €114,351 | €107,681 | -€6,670 | -5.8% |
| Income taxes | 67/77 | €26,270 | €29,547 | +€3,277 | +12.5% |
| Profit (loss) for the period | 9904 | €88,081 | €78,134 | -€9,947 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,081 | €78,134 | -€9,947 | -11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.