NORMATIM: 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.
NORMATIM
Largest movements
- Intangible fixed assets -€9,000
down €9,000 (-11.3%), from €79,500 to €70,500
- Cash +€3,891
up €3,891 (+15.4%), from €25,266 to €29,157
mainly Net result for the year (+€46,957) and Depreciation (+€11,681)
- Receivables within one year +€3,666
up €3,666 (+30.3%), from €12,088 to €15,754
- Other debts -€58,537
down €58,537 (-88.0%), from €66,537 to €8,000
- Profit (loss) carried forward +€46,957
up €46,957 (+5,601%), from €838 to €47,795
- Tax, wage and social debts +€10,493
up €10,493 (+45.9%), from €22,884 to €33,376
of which Taxes: +€10,448
- Gross operating margin +€17,308
up €17,308 (+32.4%), from €53,417 to €70,724
- Financial charges -€5,053
no longer reported in 2025 (was €5,053)
- Taxes +€1,106
up €1,106 (+10.1%), from €10,981 to €12,087
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 | €121,835 | €120,697 | -€1,137 | -0.9% |
| Fixed assets | 21/28 | €84,480 | €75,786 | -€8,694 | -10.3% |
| Intangible fixed assets | 21 | €79,500 | €70,500 | -€9,000 | -11.3% |
| Tangible fixed assets | 22/27 | €4,980 | €5,286 | +€306 | +6.1% |
| Furniture and vehicles | 24 | €4,980 | €5,286 | +€306 | +6.1% |
| Current assets | 29/58 | €37,354 | €44,911 | +€7,557 | +20.2% |
| Amounts receivable within one year | 40/41 | €12,088 | €15,754 | +€3,666 | +30.3% |
| Trade receivables | 40 | €12,088 | €15,754 | +€3,666 | +30.3% |
| Cash at bank and in hand | 54/58 | €25,266 | €29,157 | +€3,891 | +15.4% |
| Total equity and liabilities | 10/49 | €121,835 | €120,697 | -€1,137 | -0.9% |
| Equity | 10/15 | €30,838 | €77,795 | +€46,957 | +152% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €838 | €47,795 | +€46,957 | +5,601% |
| Amounts payable | 17/49 | €90,996 | €42,902 | -€48,094 | -52.9% |
| Amounts payable within one year | 42/48 | €89,924 | €41,736 | -€48,188 | -53.6% |
| Trade debts | 44 | €504 | €360 | -€144 | -28.5% |
| Suppliers | 440/4 | €504 | €360 | -€144 | -28.5% |
| Taxes, remuneration and social security | 45 | €22,884 | €33,376 | +€10,493 | +45.9% |
| Taxes | 450/3 | €20,052 | €30,500 | +€10,448 | +52.1% |
| Remuneration and social security | 454/9 | €2,832 | €2,876 | +€44 | +1.6% |
| Other amounts payable | 47/48 | €66,537 | €8,000 | -€58,537 | -88.0% |
| Accrued charges and deferred income | 492/3 | €1,072 | €1,166 | +€94 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,545 | €11,681 | +€136 | +1.2% |
| Gross operating margin | 9900 | €53,417 | €70,724 | +€17,308 | +32.4% |
| Operating profit (loss) | 9901 | €41,872 | €59,044 | +€17,172 | +41.0% |
| Financial charges | 65/66B | €5,053 | - | -€5,053 | |
| Recurring financial charges | 65 | €5,053 | - | -€5,053 | |
| Profit (loss) for the period before taxes | 9903 | €36,819 | €59,044 | +€22,225 | +60.4% |
| Income taxes | 67/77 | €10,981 | €12,087 | +€1,106 | +10.1% |
| Profit (loss) for the period | 9904 | €25,838 | €46,957 | +€21,118 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,838 | €46,957 | +€21,118 | +81.7% |
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.