Normec BTV Audit: 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.
Normec BTV Audit
Largest movements
- Receivables within one year +€55,654
up €55,654 (+41.7%), from €133,544 to €189,198
of which Trade receivables: +€56,276
- Cash -€16,526
down €16,526 (-37.0%), from €44,715 to €28,188
mainly Receivables within one year (-€55,654)
- Trade debts +€36,515
up €36,515 (+53.4%), from €68,325 to €104,840
- Gross operating margin +€4,105
up €4,105 (+420%), from €978 to €5,083
- Financial income +€1,927
up €1,927 (+9,632,550%), from €0 to €1,927
- Other operating charges +€1,510
up €1,510 (+187%), from €805 to €2,315
- Financial charges +€1,368
up €1,368 (+254%), from €539 to €1,906
- Taxes +€825
up €825, from -€111 to €715
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 | €178,258 | €217,386 | +€39,128 | +21.9% |
| Current assets | 29/58 | €178,258 | €217,386 | +€39,128 | +21.9% |
| Amounts receivable within one year | 40/41 | €133,544 | €189,198 | +€55,654 | +41.7% |
| Trade receivables | 40 | €106,338 | €162,614 | +€56,276 | +52.9% |
| Other amounts receivable | 41 | €27,205 | €26,584 | -€622 | -2.3% |
| Cash at bank and in hand | 54/58 | €44,715 | €28,188 | -€16,526 | -37.0% |
| Total equity and liabilities | 10/49 | €178,258 | €217,386 | +€39,128 | +21.9% |
| Equity | 10/15 | €109,758 | €111,831 | +€2,073 | +1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,558 | €105,631 | +€2,073 | +2.0% |
| Distributable reserves | 133 | €103,558 | €105,631 | +€2,073 | +2.0% |
| Amounts payable | 17/49 | €68,500 | €105,555 | +€37,054 | +54.1% |
| Amounts payable within one year | 42/48 | €68,500 | €105,555 | +€37,054 | +54.1% |
| Trade debts | 44 | €68,325 | €104,840 | +€36,515 | +53.4% |
| Suppliers | 440/4 | €68,325 | €104,840 | +€36,515 | +53.4% |
| Taxes, remuneration and social security | 45 | €175 | €715 | +€539 | +307% |
| Taxes | 450/3 | €175 | €715 | +€539 | +307% |
| Remuneration, social security and pensions | 62 | -€366 | €0 | +€366 | |
| Other operating charges | 640/8 | €805 | €2,315 | +€1,510 | +187% |
| Gross operating margin | 9900 | €978 | €5,083 | +€4,105 | +420% |
| Operating profit (loss) | 9901 | €539 | €2,768 | +€2,229 | +414% |
| Financial income | 75/76B | €0 | €1,927 | +€1,927 | +9,632,550% |
| Recurring financial income | 75 | €0 | €1,927 | +€1,927 | +9,632,550% |
| Financial charges | 65/66B | €539 | €1,906 | +€1,368 | +254% |
| Recurring financial charges | 65 | €539 | €1,906 | +€1,368 | +254% |
| Profit (loss) for the period before taxes | 9903 | €0 | €2,788 | +€2,788 | |
| Income taxes | 67/77 | -€111 | €715 | +€825 | |
| Profit (loss) for the period | 9904 | €111 | €2,073 | +€1,963 | +1,775% |
| Profit (loss) for the period to be appropriated | 9905 | €111 | €2,073 | +€1,963 | +1,775% |
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 25 October 2026 via checked.be.