NORMA HOME: 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 HOME
Largest movements
- Stocks and contracts -€289,707
down €289,707 (-69.2%), from €418,724 to €129,017
- Tangible fixed assets -€31,552
no longer reported in 2025 (was €31,552)
- Financial fixed assets +€16,533
new in 2025: €16,533
- Cash +€5,680
up €5,680 (+809%), from €702 to €6,382
- Profit (loss) carried forward -€184,132
down €184,132, from €7,130 to -€177,002
- Trade debts -€153,308
down €153,308 (-71.7%), from €213,740 to €60,432
- Tax, wage and social debts +€40,376
up €40,376 (+62.2%), from €64,931 to €105,307
of which Remuneration and social security: +€24,973
- Other debts -€6,055
no longer reported in 2025 (was €6,055)
- Gross operating margin -€202,608
down €202,608, from €182,315 to -€20,293
- Staff costs -€27,401
down €27,401 (-16.9%), from €162,165 to €134,763
- Other operating charges +€14,728
up €14,728 (+621%), from €2,373 to €17,101
- Depreciation -€8,074
no longer reported in 2025 (was €8,074)
- Financial charges +€6,304
up €6,304 (+110%), from €5,741 to €12,044
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €525,119 | €222,984 | -€302,136 | -57.5% |
| Fixed assets | 21/28 | €31,552 | €16,533 | -€15,018 | -47.6% |
| Tangible fixed assets | 22/27 | €31,552 | - | -€31,552 | |
| Furniture and vehicles | 24 | €31,552 | - | -€31,552 | |
| Financial fixed assets | 28 | - | €16,533 | +€16,533 | |
| Current assets | 29/58 | €493,568 | €206,450 | -€287,118 | -58.2% |
| Stocks and contracts in progress | 3 | €418,724 | €129,017 | -€289,707 | -69.2% |
| Stocks | 30/36 | €418,724 | €129,017 | -€289,707 | -69.2% |
| Amounts receivable within one year | 40/41 | €74,142 | €71,051 | -€3,091 | -4.2% |
| Trade receivables | 40 | €65,873 | €33,218 | -€32,655 | -49.6% |
| Other amounts receivable | 41 | €8,269 | €37,833 | +€29,564 | +358% |
| Cash at bank and in hand | 54/58 | €702 | €6,382 | +€5,680 | +809% |
| Total equity and liabilities | 10/49 | €525,119 | €222,984 | -€302,136 | -57.5% |
| Equity | 10/15 | €138,269 | -€45,863 | -€184,132 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €81,139 | €81,139 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €76,139 | €76,139 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,130 | -€177,002 | -€184,132 | |
| Amounts payable | 17/49 | €386,850 | €268,846 | -€118,004 | -30.5% |
| Amounts payable within one year | 42/48 | €386,850 | €268,846 | -€118,004 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €3,347 | €3,333 | -€13 | -0.4% |
| Financial debts | 43 | €98,778 | €99,773 | +€996 | +1.0% |
| Credit institutions | 430/8 | €98,778 | €99,773 | +€996 | +1.0% |
| Trade debts | 44 | €213,740 | €60,432 | -€153,308 | -71.7% |
| Suppliers | 440/4 | €213,740 | €60,432 | -€153,308 | -71.7% |
| Taxes, remuneration and social security | 45 | €64,931 | €105,307 | +€40,376 | +62.2% |
| Taxes | 450/3 | €39,039 | €54,442 | +€15,403 | +39.5% |
| Remuneration and social security | 454/9 | €25,892 | €50,865 | +€24,973 | +96.5% |
| Other amounts payable | 47/48 | €6,055 | - | -€6,055 | |
| Remuneration, social security and pensions | 62 | €162,165 | €134,763 | -€27,401 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,074 | - | -€8,074 | |
| Other operating charges | 640/8 | €2,373 | €17,101 | +€14,728 | +621% |
| Gross operating margin | 9900 | €182,315 | -€20,293 | -€202,608 | |
| Operating profit (loss) | 9901 | €9,703 | -€172,157 | -€181,860 | |
| Financial income | 75/76B | €19 | €69 | +€50 | +264% |
| Recurring financial income | 75 | €19 | €69 | +€50 | +264% |
| Financial charges | 65/66B | €5,741 | €12,044 | +€6,304 | +110% |
| Recurring financial charges | 65 | €5,741 | €12,044 | +€6,304 | +110% |
| Profit (loss) for the period before taxes | 9903 | €3,982 | -€184,132 | -€188,113 | |
| Income taxes | 67/77 | €1,655 | - | -€1,655 | |
| Profit (loss) for the period | 9904 | €2,327 | -€184,132 | -€186,458 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,327 | -€184,132 | -€186,458 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.