Noroc Solutions: 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.
Noroc Solutions
Largest movements
- Stocks and contracts -€298,578
no longer reported in 2025 (was €298,578)
- Receivables within one year -€37,252
down €37,252 (-15.7%), from €236,945 to €199,693
of which Trade receivables: -€38,194
- Cash +€8,964
up €8,964 (+124.6%), from €7,195 to €16,159
mainly Stocks and contracts (+€298,578) and Receivables within one year (+€37,252)
- Tangible fixed assets -€5,885
down €5,885 (-29.2%), from €20,121 to €14,236
- Debts after one year -€195,981
down €195,981 (-95.6%), from €204,905 to €8,924
- Other debts -€72,587
no longer reported in 2025 (was €72,587)
- Advances received -€40,000
down €40,000 (-47.1%), from €85,000 to €45,000
- Profit (loss) carried forward -€21,873
down €21,873, from €2,055 to -€19,818
- Short-term financial debts +€7,500
up €7,500 (+13.3%), from €56,440 to €63,940
- Gross operating margin -€62,984
down €62,984 (-99.5%), from €63,312 to €328
- Financial charges -€47,020
down €47,020 (-83.1%), from €56,552 to €9,531
- Depreciation +€4,579
up €4,579 (+93.5%), from €4,896 to €9,475
- Other operating charges +€2,044
up €2,044 (+62.5%), from €3,269 to €5,313
- Taxes +€863
up €863, from -€731 to €132
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.
Cash bridge derived
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 | €565,997 | €238,460 | -€327,537 | -57.9% |
| Fixed assets | 21/28 | €20,121 | €14,236 | -€5,885 | -29.2% |
| Tangible fixed assets | 22/27 | €20,121 | €14,236 | -€5,885 | -29.2% |
| Furniture and vehicles | 24 | €20,121 | €14,236 | -€5,885 | -29.2% |
| Current assets | 29/58 | €545,876 | €224,225 | -€321,651 | -58.9% |
| Stocks and contracts in progress | 3 | €298,578 | - | -€298,578 | |
| Stocks | 30/36 | €298,578 | - | -€298,578 | |
| Amounts receivable within one year | 40/41 | €236,945 | €199,693 | -€37,252 | -15.7% |
| Trade receivables | 40 | €236,909 | €198,716 | -€38,194 | -16.1% |
| Other amounts receivable | 41 | €36 | €977 | +€941 | +2621.8% |
| Cash at bank and in hand | 54/58 | €7,195 | €16,159 | +€8,964 | +124.6% |
| Deferred charges and accrued income | 490/1 | €3,158 | €8,373 | +€5,215 | +165.1% |
| Total equity and liabilities | 10/49 | €565,997 | €238,460 | -€327,537 | -57.9% |
| Equity | 10/15 | €22,115 | €242 | -€21,873 | -98.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Distributable reserves | 133 | €13,860 | €13,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,055 | -€19,818 | -€21,873 | |
| Amounts payable | 17/49 | €543,882 | €238,219 | -€305,663 | -56.2% |
| Amounts payable after more than one year | 17 | €204,905 | €8,924 | -€195,981 | -95.6% |
| Financial debts | 170/4 | €204,905 | €8,924 | -€195,981 | -95.6% |
| Amounts payable within one year | 42/48 | €338,579 | €228,752 | -€109,827 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €11,381 | €5,087 | -€6,295 | -55.3% |
| Financial debts | 43 | €56,440 | €63,940 | +€7,500 | +13.3% |
| Credit institutions | 430/8 | €56,440 | €63,940 | +€7,500 | +13.3% |
| Trade debts | 44 | €109,392 | €114,133 | +€4,741 | +4.3% |
| Suppliers | 440/4 | €109,392 | €114,133 | +€4,741 | +4.3% |
| Advances received on contracts in progress | 46 | €85,000 | €45,000 | -€40,000 | -47.1% |
| Taxes, remuneration and social security | 45 | €3,779 | €592 | -€3,187 | -84.3% |
| Taxes | 450/3 | €3,429 | €592 | -€2,837 | -82.7% |
| Remuneration and social security | 454/9 | €350 | - | -€350 | |
| Other amounts payable | 47/48 | €72,587 | - | -€72,587 | |
| Accrued charges and deferred income | 492/3 | €398 | €543 | +€145 | +36.5% |
| Non-recurring operating income | 76A | - | €10,281 | +€10,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,896 | €9,475 | +€4,579 | +93.5% |
| Other operating charges | 640/8 | €3,269 | €5,313 | +€2,044 | +62.5% |
| Gross operating margin | 9900 | €63,312 | €328 | -€62,984 | -99.5% |
| Operating profit (loss) | 9901 | €55,147 | -€14,460 | -€69,607 | |
| Financial income | 75/76B | €1,874 | €2,250 | +€376 | +20.0% |
| Recurring financial income | 75 | €1,874 | €2,250 | +€376 | +20.0% |
| Financial charges | 65/66B | €56,552 | €9,531 | -€47,020 | -83.1% |
| Recurring financial charges | 65 | €56,552 | €9,531 | -€47,020 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | €470 | -€21,741 | -€22,211 | |
| Income taxes | 67/77 | -€731 | €132 | +€863 | |
| Profit (loss) for the period | 9904 | €1,200 | -€21,873 | -€23,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,200 | -€21,873 | -€23,074 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.