NORMON IT SERVICES: 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.
NORMON IT SERVICES
Largest movements
- Receivables within one year +€56,010
up €56,010 (+190%), from €29,446 to €85,456
of which Trade receivables: +€55,320
- Tangible fixed assets -€16,026
down €16,026 (-44.3%), from €36,167 to €20,141
of which Furniture and vehicles: -€14,885
- Cash +€14,200
up €14,200 (+13.7%), from €104,013 to €118,213
mainly Net result for the year (+€106,355) and Other debts (+€57,195)
- Stocks and contracts -€12,903
down €12,903 (-75.4%), from €17,114 to €4,211
of which Contracts in progress: -€11,993
- Deferred charges and accrued income -€3,956
down €3,956 (-29.8%), from €13,272 to €9,315
- Other debts +€57,195
up €57,195 (+79.1%), from €72,276 to €129,471
- Reserves -€23,116
down €23,116 (-100%), from €23,116 to €0
- Current portion of long-term debt -€12,355
down €12,355 (-100%), from €12,355 to €0
- Tax, wage and social debts +€9,324
up €9,324 (+26.7%), from €34,966 to €44,290
of which Remuneration and social security: +€6,952
- Trade debts +€6,742
up €6,742 (+45.5%), from €14,833 to €21,576
- Gross operating margin +€31,394
up €31,394 (+13.2%), from €237,217 to €268,611
- Depreciation -€24,781
down €24,781 (-59.5%), from €41,670 to €16,889
- Staff costs +€23,354
up €23,354 (+29.1%), from €80,342 to €103,696
- Taxes +€8,515
up €8,515 (+35.3%), from €24,145 to €32,660
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 | €203,012 | €240,337 | +€37,325 | +18.4% |
| Fixed assets | 21/28 | €39,167 | €23,141 | -€16,026 | -40.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €36,167 | €20,141 | -€16,026 | -44.3% |
| Plant, machinery and equipment | 23 | €3,641 | €2,697 | -€944 | -25.9% |
| Furniture and vehicles | 24 | €32,031 | €17,146 | -€14,885 | -46.5% |
| Other tangible fixed assets | 26 | €495 | €299 | -€197 | -39.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €163,845 | €217,195 | +€53,350 | +32.6% |
| Stocks and contracts in progress | 3 | €17,114 | €4,211 | -€12,903 | -75.4% |
| Stocks | 30/36 | €5,121 | €4,211 | -€910 | -17.8% |
| Contracts in progress | 37 | €11,993 | €0 | -€11,993 | -100% |
| Amounts receivable within one year | 40/41 | €29,446 | €85,456 | +€56,010 | +190% |
| Trade receivables | 40 | €26,966 | €82,286 | +€55,320 | +205% |
| Other amounts receivable | 41 | €2,481 | €3,171 | +€690 | +27.8% |
| Cash at bank and in hand | 54/58 | €104,013 | €118,213 | +€14,200 | +13.7% |
| Deferred charges and accrued income | 490/1 | €13,272 | €9,315 | -€3,956 | -29.8% |
| Total equity and liabilities | 10/49 | €203,012 | €240,337 | +€37,325 | +18.4% |
| Equity | 10/15 | €43,116 | €20,000 | -€23,116 | -53.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €23,116 | €0 | -€23,116 | -100% |
| Distributable reserves | 133 | €23,116 | €0 | -€23,116 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €159,897 | €220,337 | +€60,440 | +37.8% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €134,897 | €195,337 | +€60,440 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €12,355 | €0 | -€12,355 | -100% |
| Financial debts | 43 | €465 | €0 | -€465 | -100% |
| Credit institutions | 430/8 | €465 | €0 | -€465 | -100% |
| Trade debts | 44 | €14,833 | €21,576 | +€6,742 | +45.5% |
| Suppliers | 440/4 | €14,833 | €21,576 | +€6,742 | +45.5% |
| Taxes, remuneration and social security | 45 | €34,966 | €44,290 | +€9,324 | +26.7% |
| Taxes | 450/3 | €15,249 | €17,620 | +€2,372 | +15.6% |
| Remuneration and social security | 454/9 | €19,718 | €26,670 | +€6,952 | +35.3% |
| Other amounts payable | 47/48 | €72,276 | €129,471 | +€57,195 | +79.1% |
| Non-recurring operating income | 76A | €3,889 | €0 | -€3,889 | -100% |
| Remuneration, social security and pensions | 62 | €80,342 | €103,696 | +€23,354 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,670 | €16,889 | -€24,781 | -59.5% |
| Other operating charges | 640/8 | €2,814 | €2,827 | +€13 | +0.5% |
| Non-recurring operating charges | 66A | €0 | €3,691 | +€3,691 | |
| Gross operating margin | 9900 | €237,217 | €268,611 | +€31,394 | +13.2% |
| Operating profit (loss) | 9901 | €112,391 | €141,507 | +€29,116 | +25.9% |
| Financial income | 75/76B | €413 | €267 | -€146 | -35.4% |
| Recurring financial income | 75 | €413 | €267 | -€146 | -35.4% |
| Financial charges | 65/66B | €3,753 | €2,759 | -€994 | -26.5% |
| Recurring financial charges | 65 | €3,753 | €2,759 | -€994 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €109,052 | €139,015 | +€29,963 | +27.5% |
| Income taxes | 67/77 | €24,145 | €32,660 | +€8,515 | +35.3% |
| Profit (loss) for the period | 9904 | €84,907 | €106,355 | +€21,449 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,907 | €106,355 | +€21,449 | +25.3% |
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 23 October 2026 via checked.be.