Normec Belgium: 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.
What changed
Normec Belgium
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€6.9m
2023 · -€2.9m-€4.0m
Equity
-€15.7m
2023 · -€8.8m-€6.9m
Cash
€4,935
2023 · €84,486-€79,551
Balance sheet total
€146.7m
2023 · €105.4m+€41.3m
Largest movements
Assets
- Financial fixed assets +€42.1m
up €42.1m (+40.4%), from €104.3m to €146.4m
Equity and liabilities
- Debts after one year +€37.7m
up €37.7m (+39.6%), from €95.3m to €133.0m
- Other debts +€10.3m
up €10.3m (+56.2%), from €18.4m to €28.7m
- Profit (loss) carried forward -€6.9m
down €6.9m (-75.2%), from -€9.2m to -€16.1m
Income statement
- Financial income -€3.1m
down €3.1m (-80.1%), from €3.9m to €776,823
- Other operating income +€969,568
up €969,568 (+5,694%), from €17,029 to €986,597
- Financial charges +€945,488
up €945,488 (+14.5%), from €6.5m to €7.5m
- Services and other goods +€839,092
up €839,092 (+255%), from €328,554 to €1.2m
- Turnover -€359,713
down €359,713 (-100%), from €359,713 to €0
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.
Result 2023
-€2.9m
Turnover
-€359,713
Other operating income
+€969,568
Services and other goods
-€839,092
Other operating charges
+€147,686
Financial income
-€3.1m
Financial charges
-€945,488
Taxes
+€168,657
Result 2024
-€6.9m
raises the resultlowers the result
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.
From operations
+€4.3m
Investment
-€42.1m
Financing
+€37.7m
Cash 2023
€84,486
From operations (derived)
+€4.3m
Net result for the year
-€6.9m
Smaller working-capital items
+€96,028
Deferred charges and accrued income
+€729,843
Tax, wage and social debts
-€168,657
Other debts
+€10.3m
Accrued charges and deferred income
+€198,307
Investment (derived)
-€42.1m
Investment in fixed assets (net)
-€42.1m
Financing
+€37.7m
Debts after one year
+€37.7m
Cash 2024
€4,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,434,571 | €146,701,150 | +€41.3m | +39.1% |
| Fixed assets | 21/28 | €104,318,305 | €146,429,396 | +€42.1m | +40.4% |
| Financial fixed assets | 28 | €104,318,305 | €146,429,396 | +€42.1m | +40.4% |
| Affiliated companies | 280/1 | €104,318,305 | €146,429,396 | +€42.1m | +40.4% |
| Participating interests | 280 | €99,942,721 | €133,414,768 | +€33.5m | +33.5% |
| Amounts receivable | 281 | €4,375,584 | €13,014,628 | +€8.6m | +197% |
| Current assets | 29/58 | €1,116,266 | €271,754 | -€844,512 | -75.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €301,936 | €266,819 | -€35,118 | -11.6% |
| Trade receivables | 40 | €186,445 | €231,710 | +€45,265 | +24.3% |
| Other amounts receivable | 41 | €115,491 | €35,108 | -€80,383 | -69.6% |
| Cash at bank and in hand | 54/58 | €84,486 | €4,935 | -€79,551 | -94.2% |
| Deferred charges and accrued income | 490/1 | €729,843 | €0 | -€729,843 | -100% |
| Total equity and liabilities | 10/49 | €105,434,571 | €146,701,150 | +€41.3m | +39.1% |
| Equity | 10/15 | -€8,805,486 | -€15,694,493 | -€6.9m | -78.2% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,165,486 | -€16,054,493 | -€6.9m | -75.2% |
| Amounts payable | 17/49 | €114,240,057 | €162,395,643 | +€48.2m | +42.2% |
| Amounts payable after more than one year | 17 | €95,293,204 | €133,041,204 | +€37.7m | +39.6% |
| Other amounts payable | 178/9 | €95,293,204 | €133,041,204 | +€37.7m | +39.6% |
| Amounts payable within one year | 42/48 | €18,735,536 | €28,944,814 | +€10.2m | +54.5% |
| Trade debts | 44 | €205,160 | €266,070 | +€60,910 | +29.7% |
| Suppliers | 440/4 | €205,160 | €266,070 | +€60,910 | +29.7% |
| Taxes, remuneration and social security | 45 | €168,657 | €0 | -€168,657 | -100% |
| Taxes | 450/3 | €168,657 | €0 | -€168,657 | -100% |
| Other amounts payable | 47/48 | €18,361,719 | €28,678,745 | +€10.3m | +56.2% |
| Accrued charges and deferred income | 492/3 | €211,317 | €409,624 | +€198,307 | +93.8% |
| Operating income | 70/76A | €376,742 | €986,597 | +€609,855 | +162% |
| Turnover | 70 | €359,713 | €0 | -€359,713 | -100% |
| Other operating income | 74 | €17,029 | €986,597 | +€969,568 | +5,694% |
| Operating charges | 60/66A | €477,758 | €1,169,165 | +€691,406 | +145% |
| Services and other goods | 61 | €328,554 | €1,167,646 | +€839,092 | +255% |
| Other operating charges | 640/8 | €149,204 | €1,518 | -€147,686 | -99.0% |
| Operating profit (loss) | 9901 | -€101,017 | -€182,568 | -€81,551 | -80.7% |
| Financial income | 75/76B | €3,896,714 | €776,823 | -€3.1m | -80.1% |
| Recurring financial income | 75 | €3,896,714 | €776,823 | -€3.1m | -80.1% |
| Income from financial fixed assets | 750 | €3,896,714 | €774,595 | -€3.1m | -80.1% |
| Income from current assets | 751 | - | €2,228 | +€2,228 | |
| Financial charges | 65/66B | €6,537,774 | €7,483,262 | +€945,488 | +14.5% |
| Recurring financial charges | 65 | €6,537,774 | €7,483,262 | +€945,488 | +14.5% |
| Debt charges | 650 | €6,532,240 | €7,473,160 | +€940,920 | +14.4% |
| Other financial charges | 652/9 | €5,534 | €10,102 | +€4,568 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,742,077 | -€6,889,007 | -€4.1m | -151% |
| Income taxes | 67/77 | €168,657 | €0 | -€168,657 | -100% |
| Taxes | 670/3 | €168,657 | €0 | -€168,657 | -100% |
| Profit (loss) for the period | 9904 | -€2,910,734 | -€6,889,007 | -€4.0m | -137% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,910,734 | -€6,889,007 | -€4.0m | -137% |
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 26 October 2026 via checked.be.