NORODOC: 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.
NORODOC
Largest movements
- Tangible fixed assets -€9,963
down €9,963 (-3.4%), from €293,106 to €283,143
- Debts after one year -€14,471
down €14,471 (-5.8%), from €248,717 to €234,246
- Gross operating margin +€21,543
up €21,543 (+494.4%), from €4,357 to €25,900
- Depreciation +€7,095
up €7,095 (+117.0%), from €6,064 to €13,159
- Financial charges +€2,764
up €2,764 (+35.7%), from €7,753 to €10,517
- Other operating charges +€531
up €531 (+64.0%), from €830 to €1,361
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 | €298,034 | €285,101 | -€12,933 | -4.3% |
| Formation expenses | 20 | €1,186 | €890 | -€296 | -25.0% |
| Fixed assets | 21/28 | €293,106 | €283,143 | -€9,963 | -3.4% |
| Tangible fixed assets | 22/27 | €293,106 | €283,143 | -€9,963 | -3.4% |
| Land and buildings | 22 | €293,106 | €283,143 | -€9,963 | -3.4% |
| Current assets | 29/58 | €3,742 | €1,068 | -€2,674 | -71.5% |
| Cash at bank and in hand | 54/58 | €3,380 | €753 | -€2,627 | -77.7% |
| Deferred charges and accrued income | 490/1 | €362 | €315 | -€47 | -13.0% |
| Total equity and liabilities | 10/49 | €298,034 | €285,101 | -€12,933 | -4.3% |
| Equity | 10/15 | €9,710 | €10,573 | +€863 | +8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,290 | -€9,427 | +€863 | +8.4% |
| Amounts payable | 17/49 | €288,324 | €274,528 | -€13,796 | -4.8% |
| Amounts payable after more than one year | 17 | €248,717 | €234,246 | -€14,471 | -5.8% |
| Financial debts | 170/4 | €248,717 | €234,246 | -€14,471 | -5.8% |
| Amounts payable within one year | 42/48 | €39,607 | €39,982 | +€375 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €13,896 | €14,471 | +€575 | +4.1% |
| Trade debts | 44 | €408 | €208 | -€200 | -49.0% |
| Suppliers | 440/4 | €408 | €208 | -€200 | -49.0% |
| Other amounts payable | 47/48 | €25,303 | €25,303 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,064 | €13,159 | +€7,095 | +117.0% |
| Other operating charges | 640/8 | €830 | €1,361 | +€531 | +64.0% |
| Gross operating margin | 9900 | €4,357 | €25,900 | +€21,543 | +494.4% |
| Operating profit (loss) | 9901 | -€2,537 | €11,380 | +€13,917 | |
| Financial charges | 65/66B | €7,753 | €10,517 | +€2,764 | +35.7% |
| Recurring financial charges | 65 | €7,753 | €10,517 | +€2,764 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,290 | €863 | +€11,153 | |
| Profit (loss) for the period | 9904 | -€10,290 | €863 | +€11,153 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,290 | €863 | +€11,153 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.