Norma-Jane: 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-Jane
Largest movements
- Receivables within one year -€139,181
down €139,181 (-54.2%), from €257,000 to €117,819
of which Other amounts receivable: -€128,693
- Intangible fixed assets -€11,480
down €11,480 (-30.8%), from €37,310 to €25,830
- Tangible fixed assets +€9,440
up €9,440 (+69.2%), from €13,639 to €23,079
of which Plant, machinery and equipment: +€10,480
- Trade debts -€130,209
down €130,209 (-59.3%), from €219,722 to €89,513
- Reserves -€21,205
down €21,205 (-31.4%), from €67,634 to €46,429
- Profit (loss) carried forward +€17,789
no longer reported in 2025 (was -€17,789)
- Debts after one year -€13,460
down €13,460 (-54.7%), from €24,619 to €11,159
- Tax, wage and social debts +€8,094
up €8,094 (+125.1%), from €6,469 to €14,563
of which Remuneration and social security: +€7,864
- Turnover -€245,934
no longer reported in 2025 (was €245,934)
- Purchases and services -€188,505
no longer reported in 2025 (was €188,505)
- Gross operating margin +€11,805
up €11,805 (+19.7%), from €60,063 to €71,868
- Staff costs +€11,616
up €11,616 (+29.5%), from €39,398 to €51,014
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 | €315,715 | €178,675 | -€137,040 | -43.4% |
| Fixed assets | 21/28 | €51,524 | €49,484 | -€2,040 | -4.0% |
| Intangible fixed assets | 21 | €37,310 | €25,830 | -€11,480 | -30.8% |
| Tangible fixed assets | 22/27 | €13,639 | €23,079 | +€9,440 | +69.2% |
| Plant, machinery and equipment | 23 | - | €10,480 | +€10,480 | |
| Furniture and vehicles | 24 | €13,639 | €9,129 | -€4,511 | -33.1% |
| Other tangible fixed assets | 26 | - | €3,470 | +€3,470 | |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €264,190 | €129,191 | -€134,999 | -51.1% |
| Stocks and contracts in progress | 3 | €2,500 | €2,750 | +€250 | +10.0% |
| Stocks | 30/36 | €2,500 | €2,750 | +€250 | +10.0% |
| Amounts receivable within one year | 40/41 | €257,000 | €117,819 | -€139,181 | -54.2% |
| Trade receivables | 40 | €10,523 | €35 | -€10,488 | -99.7% |
| Other amounts receivable | 41 | €246,477 | €117,784 | -€128,693 | -52.2% |
| Cash at bank and in hand | 54/58 | €4,691 | €7,400 | +€2,709 | +57.8% |
| Deferred charges and accrued income | 490/1 | - | €1,222 | +€1,222 | |
| Total equity and liabilities | 10/49 | €315,715 | €178,675 | -€137,040 | -43.4% |
| Equity | 10/15 | €52,346 | €48,929 | -€3,417 | -6.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €67,634 | €46,429 | -€21,205 | -31.4% |
| Distributable reserves | 133 | €67,634 | €46,429 | -€21,205 | -31.4% |
| Profit (loss) carried forward | 14 | -€17,789 | - | +€17,789 | |
| Amounts payable | 17/49 | €263,369 | €129,746 | -€133,623 | -50.7% |
| Amounts payable after more than one year | 17 | €24,619 | €11,159 | -€13,460 | -54.7% |
| Financial debts | 170/4 | €24,619 | €11,159 | -€13,460 | -54.7% |
| Amounts payable within one year | 42/48 | €238,750 | €118,588 | -€120,162 | -50.3% |
| Current portion of amounts payable after more than one year | 42 | €12,559 | €13,460 | +€901 | +7.2% |
| Trade debts | 44 | €219,722 | €89,513 | -€130,209 | -59.3% |
| Suppliers | 440/4 | €219,722 | €89,513 | -€130,209 | -59.3% |
| Taxes, remuneration and social security | 45 | €6,469 | €14,563 | +€8,094 | +125.1% |
| Taxes | 450/3 | €951 | €1,181 | +€230 | +24.2% |
| Remuneration and social security | 454/9 | €5,518 | €13,382 | +€7,864 | +142.5% |
| Other amounts payable | 47/48 | - | €1,051 | +€1,051 | |
| Turnover | 70 | €245,934 | - | -€245,934 | |
| Goods, raw materials, services and sundry goods | 60/61 | €188,505 | - | -€188,505 | |
| Remuneration, social security and pensions | 62 | €39,398 | €51,014 | +€11,616 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,991 | €17,413 | +€1,422 | +8.9% |
| Other operating charges | 640/8 | €3,258 | €2,269 | -€988 | -30.3% |
| Gross operating margin | 9900 | €60,063 | €71,868 | +€11,805 | +19.7% |
| Operating profit (loss) | 9901 | €1,417 | €1,172 | -€245 | -17.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1600.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1600.0% |
| Financial charges | 65/66B | €5,539 | €4,057 | -€1,482 | -26.8% |
| Recurring financial charges | 65 | €5,539 | €4,057 | -€1,482 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,121 | -€2,885 | +€1,237 | +30.0% |
| Income taxes | 67/77 | €642 | €532 | -€110 | -17.2% |
| Profit (loss) for the period | 9904 | -€4,764 | -€3,417 | +€1,347 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,764 | -€3,417 | +€1,347 | +28.3% |
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 3 October 2026 via checked.be.