NORMPRODUKT: 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.
NORMPRODUKT
Largest movements
- Financial fixed assets +€425,000
up €425,000 (+1,416,667%), from €30 to €425,030
- Receivables within one year -€336,009
down €336,009 (-63.6%), from €528,387 to €192,378
of which Other amounts receivable: -€353,327
- Cash -€195,774
down €195,774 (-50.1%), from €391,124 to €195,350
mainly Investment in fixed assets (net) (-€506,816) and Contributions, distributions and other (-€257,900)
- Tangible fixed assets +€44,939
up €44,939 (+57.4%), from €78,250 to €123,190
of which Furniture and vehicles: +€33,829
- Deferred charges and accrued income +€15,590
up €15,590 (+357%), from €4,373 to €19,963
- Other debts -€106,385
no longer reported in 2025 (was €106,385)
- Trade debts +€27,199
up €27,199 (+38.2%), from €71,227 to €98,427
- Reserves +€24,100
up €24,100 (+2.6%), from €933,260 to €957,360
- Financial income +€15,602
up €15,602 (+479%), from €3,257 to €18,859
of which Financial income: +€15,220
- Gross operating margin -€11,200
down €11,200 (-2.0%), from €559,574 to €548,373
- Staff costs +€5,686
up €5,686 (+5.6%), from €101,023 to €106,709
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 | €1,225,244 | €1,178,801 | -€46,443 | -3.8% |
| Fixed assets | 21/28 | €79,614 | €548,220 | +€468,605 | +589% |
| Intangible fixed assets | 21 | €1,334 | - | -€1,334 | |
| Tangible fixed assets | 22/27 | €78,250 | €123,190 | +€44,939 | +57.4% |
| Land and buildings | 22 | €8,251 | €7,810 | -€441 | -5.3% |
| Plant, machinery and equipment | 23 | €22,157 | €23,489 | +€1,332 | +6.0% |
| Furniture and vehicles | 24 | €47,842 | €81,671 | +€33,829 | +70.7% |
| Other tangible fixed assets | 26 | - | €10,219 | +€10,219 | |
| Financial fixed assets | 28 | €30 | €425,030 | +€425,000 | +1,416,667% |
| Current assets | 29/58 | €1,145,630 | €630,582 | -€515,048 | -45.0% |
| Amounts receivable within one year | 40/41 | €528,387 | €192,378 | -€336,009 | -63.6% |
| Trade receivables | 40 | €159,380 | €176,699 | +€17,319 | +10.9% |
| Other amounts receivable | 41 | €369,006 | €15,679 | -€353,327 | -95.8% |
| Current investments | 50/53 | €221,747 | €222,891 | +€1,144 | +0.5% |
| Cash at bank and in hand | 54/58 | €391,124 | €195,350 | -€195,774 | -50.1% |
| Deferred charges and accrued income | 490/1 | €4,373 | €19,963 | +€15,590 | +357% |
| Total equity and liabilities | 10/49 | €1,225,244 | €1,178,801 | -€46,443 | -3.8% |
| Equity | 10/15 | €955,818 | €980,061 | +€24,244 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €933,260 | €957,360 | +€24,100 | +2.6% |
| Distributable reserves | 133 | €933,260 | €957,360 | +€24,100 | +2.6% |
| Profit (loss) carried forward | 14 | €3,958 | €4,101 | +€144 | +3.6% |
| Amounts payable | 17/49 | €269,427 | €198,740 | -€70,687 | -26.2% |
| Amounts payable within one year | 42/48 | €265,456 | €193,758 | -€71,699 | -27.0% |
| Trade debts | 44 | €71,227 | €98,427 | +€27,199 | +38.2% |
| Suppliers | 440/4 | €71,227 | €98,427 | +€27,199 | +38.2% |
| Taxes, remuneration and social security | 45 | €87,844 | €95,331 | +€7,487 | +8.5% |
| Taxes | 450/3 | €67,791 | €74,831 | +€7,040 | +10.4% |
| Remuneration and social security | 454/9 | €20,053 | €20,500 | +€448 | +2.2% |
| Other amounts payable | 47/48 | €106,385 | - | -€106,385 | |
| Accrued charges and deferred income | 492/3 | €3,970 | €4,982 | +€1,012 | +25.5% |
| Non-recurring operating income | 76A | - | €26,286 | +€26,286 | |
| Remuneration, social security and pensions | 62 | €101,023 | €106,709 | +€5,686 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,505 | €38,211 | +€2,707 | +7.6% |
| Other operating charges | 640/8 | €1,029 | €1,978 | +€949 | +92.2% |
| Gross operating margin | 9900 | €559,574 | €548,373 | -€11,200 | -2.0% |
| Operating profit (loss) | 9901 | €422,017 | €401,475 | -€20,542 | -4.9% |
| Financial income | 75/76B | €3,257 | €18,859 | +€15,602 | +479% |
| Recurring financial income | 75 | €3,257 | €18,477 | +€15,220 | +467% |
| Non-recurring financial income | 76B | - | €382 | +€382 | |
| Financial charges | 65/66B | €774 | €977 | +€203 | +26.2% |
| Recurring financial charges | 65 | €774 | €579 | -€195 | -25.2% |
| Non-recurring financial charges | 66B | - | €398 | +€398 | |
| Profit (loss) for the period before taxes | 9903 | €424,499 | €419,357 | -€5,143 | -1.2% |
| Income taxes | 67/77 | €139,990 | €137,213 | -€2,777 | -2.0% |
| Profit (loss) for the period | 9904 | €284,510 | €282,144 | -€2,366 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €284,510 | €282,144 | -€2,366 | -0.8% |
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.