NORMANDY ESTATE: 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.
NORMANDY ESTATE
Largest movements
- Receivables within one year -€59,853
down €59,853 (-56.1%), from €106,696 to €46,843
of which Trade receivables: -€104,857
- Stocks and contracts +€47,048
up €47,048 (+41.1%), from €114,476 to €161,524
- Tangible fixed assets -€17,270
down €17,270 (-7.6%), from €225,992 to €208,722
of which Land and buildings: -€17,810
- Profit (loss) carried forward -€53,411
down €53,411 (-78.7%), from -€67,878 to -€121,289
- Other debts +€35,072
up €35,072 (+44.2%), from €79,344 to €114,416
- Current portion of long-term debt -€17,355
down €17,355 (-37.6%), from €46,191 to €28,836
- Gross operating margin -€193,963
down €193,963, from €171,400 to -€22,563
- Other operating charges +€11,714
up €11,714 (+1,608%), from €728 to €12,442
- Financial charges -€8,814
down €8,814 (-96.2%), from €9,165 to €351
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €568,855 | €540,732 | -€28,123 | -4.9% |
| Fixed assets | 21/28 | €345,992 | €328,722 | -€17,270 | -5.0% |
| Tangible fixed assets | 22/27 | €225,992 | €208,722 | -€17,270 | -7.6% |
| Land and buildings | 22 | €225,834 | €208,025 | -€17,810 | -7.9% |
| Plant, machinery and equipment | 23 | €157 | - | -€157 | |
| Furniture and vehicles | 24 | - | €697 | +€697 | |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €222,863 | €212,010 | -€10,853 | -4.9% |
| Stocks and contracts in progress | 3 | €114,476 | €161,524 | +€47,048 | +41.1% |
| Stocks | 30/36 | €114,476 | €161,524 | +€47,048 | +41.1% |
| Amounts receivable within one year | 40/41 | €106,696 | €46,843 | -€59,853 | -56.1% |
| Trade receivables | 40 | €104,857 | - | -€104,857 | |
| Other amounts receivable | 41 | €1,840 | €46,843 | +€45,004 | +2,446% |
| Cash at bank and in hand | 54/58 | €1,691 | €3,642 | +€1,952 | +115% |
| Total equity and liabilities | 10/49 | €568,855 | €540,732 | -€28,123 | -4.9% |
| Equity | 10/15 | €736 | -€52,675 | -€53,411 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,614 | €6,614 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,614 | €6,614 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,614 | €6,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,878 | -€121,289 | -€53,411 | -78.7% |
| Amounts payable | 17/49 | €568,119 | €593,407 | +€25,288 | +4.5% |
| Amounts payable after more than one year | 17 | €438,082 | €438,082 | = | 0.0% |
| Financial debts | 170/4 | €178,082 | €178,082 | = | 0.0% |
| Other amounts payable | 178/9 | €260,000 | €260,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €130,037 | €155,324 | +€25,288 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €46,191 | €28,836 | -€17,355 | -37.6% |
| Trade debts | 44 | €4,501 | €8,782 | +€4,281 | +95.1% |
| Suppliers | 440/4 | €4,501 | €8,782 | +€4,281 | +95.1% |
| Taxes, remuneration and social security | 45 | - | €3,289 | +€3,289 | |
| Taxes | 450/3 | - | €3,289 | +€3,289 | |
| Other amounts payable | 47/48 | €79,344 | €114,416 | +€35,072 | +44.2% |
| Non-recurring operating income | 76A | €210,126 | - | -€210,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,545 | €18,054 | -€491 | -2.6% |
| Other operating charges | 640/8 | €728 | €12,442 | +€11,714 | +1,608% |
| Gross operating margin | 9900 | €171,400 | -€22,563 | -€193,963 | |
| Operating profit (loss) | 9901 | €152,127 | -€53,060 | -€205,187 | |
| Financial charges | 65/66B | €9,165 | €351 | -€8,814 | -96.2% |
| Recurring financial charges | 65 | €9,165 | €351 | -€8,814 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €142,962 | -€53,411 | -€196,373 | |
| Profit (loss) for the period | 9904 | €142,962 | -€53,411 | -€196,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €142,962 | -€53,411 | -€196,373 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.