Norta: 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.
What changed
Norta
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €2.1m+€140,139
Equity
€20.0m
2024 · €17.8m+€2.2m
Cash
€6.8m
2024 · €4.7m+€2.1m
Balance sheet total
€20.8m
2024 · €22.0m-€1.2m
Largest movements
Assets
- Stocks and contracts -€4.7m
down €4.7m (-32.6%), from €14.5m to €9.8m
- Cash +€2.1m
up €2.1m (+46.0%), from €4.7m to €6.8m
mainly Stocks and contracts (+€4.7m) and Net result for the year (+€2.2m)
- Receivables within one year +€1.3m
up €1.3m (+66.5%), from €2.0m to €3.4m
of which Trade receivables: +€1.3m
Equity and liabilities
- Reserves +€2.2m
up €2.2m (+12.5%), from €17.7m to €19.9m
of which Distributable reserves: +€2.2m
- Other debts -€1.6m
no longer reported in 2025 (was €1.6m)
- Debts after one year -€1.3m
no longer reported in 2025 (was €1.3m)
- Trade debts -€385,723
down €385,723 (-44.6%), from €864,272 to €478,549
Income statement
- Goods and materials +€3.8m
up €3.8m (+27.2%), from €13.8m to €17.5m
of which Change in stocks: decrease (increase): +€4.3m
- Turnover +€2.6m
up €2.6m (+12.6%), from €20.3m to €22.9m
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.
Result 2024
€2.1m
Turnover
+€2.6m
Other operating income
+€4,578
Goods and materials
-€3.8m
Services and other goods
-€129,329
Staff costs
-€57,593
Depreciation
+€33,687
Provisions
-€51,520
Other operating charges
-€13,474
Other operating items
+€1.5m
Financial income
+€22,733
Financial charges
+€72,856
Taxes
-€58,751
Result 2025
€2.2m
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.
From operations
+€3.6m
Investment
-€156,842
Financing
-€1.3m
Cash 2024
€4.7m
From operations (derived)
+€3.6m
Net result for the year
+€2.2m
Depreciation
+€119,194
Stocks and contracts
+€4.7m
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€24,940
Provisions
-€155
Trade debts
-€385,723
Tax, wage and social debts
-€42,136
Other debts
-€1.6m
Accrued charges and deferred income
-€100,389
Investment (derived)
-€156,842
Investment in fixed assets (net)
-€156,842
Financing
-€1.3m
Debts after one year
-€1.3m
Cash 2025
€6.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,972,750 | €20,779,357 | -€1.2m | -5.4% |
| Fixed assets | 21/28 | €772,725 | €810,372 | +€37,647 | +4.9% |
| Intangible fixed assets | 21 | €5,016 | €21,899 | +€16,883 | +336.6% |
| Tangible fixed assets | 22/27 | €767,209 | €787,973 | +€20,764 | +2.7% |
| Land and buildings | 22 | €719,901 | €634,911 | -€84,990 | -11.8% |
| Plant, machinery and equipment | 23 | €27,336 | €25,095 | -€2,242 | -8.2% |
| Furniture and vehicles | 24 | €19,972 | €127,968 | +€107,996 | +540.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €21,200,025 | €19,968,985 | -€1.2m | -5.8% |
| Stocks and contracts in progress | 3 | €14,506,904 | €9,770,927 | -€4.7m | -32.6% |
| Stocks | 30/36 | €14,506,904 | €9,770,927 | -€4.7m | -32.6% |
| Raw materials and consumables | 30/31 | €14,049,671 | €8,458,609 | -€5.6m | -39.8% |
| Work in progress | 32 | €126,222 | €249,912 | +€123,691 | +98.0% |
| Finished goods | 33 | €308,791 | €1,062,406 | +€753,615 | +244.1% |
| Advance payments | 36 | €22,220 | - | -€22,220 | |
| Amounts receivable within one year | 40/41 | €2,012,574 | €3,351,658 | +€1.3m | +66.5% |
| Trade receivables | 40 | €2,006,096 | €3,345,180 | +€1.3m | +66.8% |
| Other amounts receivable | 41 | €6,478 | €6,478 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,652,101 | €6,793,013 | +€2.1m | +46.0% |
| Deferred charges and accrued income | 490/1 | €28,447 | €53,387 | +€24,940 | +87.7% |
| Total equity and liabilities | 10/49 | €21,972,750 | €20,779,357 | -€1.2m | -5.4% |
| Equity | 10/15 | €17,780,581 | €19,988,551 | +€2.2m | +12.4% |
| Contributions | 10/11 | €61,572 | €61,572 | = | 0.0% |
| Capital | 10 | €61,572 | €61,572 | = | 0.0% |
| Issued capital | 100 | €61,572 | €61,572 | = | 0.0% |
| Reserves | 13 | €17,719,009 | €19,926,979 | +€2.2m | +12.5% |
| Non-distributable reserves | 130/1 | €52,501 | €52,501 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,922 | €2,922 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,212 | €25,911 | -€301 | -1.1% |
| Distributable reserves | 133 | €17,640,296 | €19,848,567 | +€2.2m | +12.5% |
| Provisions and deferred taxes | 16 | €155 | - | -€155 | |
| Deferred taxes | 168 | €155 | - | -€155 | |
| Amounts payable | 17/49 | €4,192,014 | €790,806 | -€3.4m | -81.1% |
| Amounts payable after more than one year | 17 | €1,272,960 | - | -€1.3m | |
| Other amounts payable | 178/9 | €1,272,960 | - | -€1.3m | |
| Amounts payable within one year | 42/48 | €2,807,895 | €780,036 | -€2.0m | -72.2% |
| Trade debts | 44 | €864,272 | €478,549 | -€385,723 | -44.6% |
| Suppliers | 440/4 | €864,272 | €478,549 | -€385,723 | -44.6% |
| Taxes, remuneration and social security | 45 | €343,623 | €301,487 | -€42,136 | -12.3% |
| Taxes | 450/3 | €286,833 | €240,996 | -€45,837 | -16.0% |
| Remuneration and social security | 454/9 | €56,791 | €60,491 | +€3,701 | +6.5% |
| Other amounts payable | 47/48 | €1,600,000 | - | -€1.6m | |
| Accrued charges and deferred income | 492/3 | €111,159 | €10,770 | -€100,389 | -90.3% |
| Operating income | 70/76A | €19,719,730 | €23,797,570 | +€4.1m | +20.7% |
| Turnover | 70 | €20,323,886 | €22,894,838 | +€2.6m | +12.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€606,976 | €877,305 | +€1.5m | |
| Other operating income | 74 | €2,821 | €7,399 | +€4,578 | +162.3% |
| Non-recurring operating income | 76A | - | €18,028 | +€18,028 | |
| Operating charges | 60/66A | €16,826,230 | €20,800,769 | +€4.0m | +23.6% |
| Goods for resale, raw materials and consumables | 60 | €13,786,614 | €17,542,926 | +€3.8m | +27.2% |
| Purchases | 600/8 | €12,497,438 | €11,951,864 | -€545,575 | -4.4% |
| Change in stocks: decrease (increase) | 609 | €1,289,176 | €5,591,062 | +€4.3m | +333.7% |
| Services and other goods | 61 | €2,072,453 | €2,201,782 | +€129,329 | +6.2% |
| Remuneration, social security and pensions | 62 | €799,535 | €857,127 | +€57,593 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,882 | €119,194 | -€33,687 | -22.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€51,520 | - | +€51,520 | |
| Other operating charges | 640/8 | €66,266 | €79,740 | +€13,474 | +20.3% |
| Operating profit (loss) | 9901 | €2,893,500 | €2,996,801 | +€103,300 | +3.6% |
| Financial income | 75/76B | €7,142 | €29,875 | +€22,733 | +318.3% |
| Recurring financial income | 75 | €7,142 | €29,875 | +€22,733 | +318.3% |
| Other financial income | 752/9 | €7,142 | €29,875 | +€22,733 | +318.3% |
| Financial charges | 65/66B | €153,839 | €80,983 | -€72,856 | -47.4% |
| Recurring financial charges | 65 | €153,839 | €80,983 | -€72,856 | -47.4% |
| Debt charges | 650 | €153,723 | €79,059 | -€74,664 | -48.6% |
| Other financial charges | 652/9 | €116 | €1,924 | +€1,808 | +1555.3% |
| Profit (loss) for the period before taxes | 9903 | €2,746,803 | €2,945,693 | +€198,890 | +7.2% |
| Transfer from deferred taxes | 780 | €155 | €155 | +€0 | 0.0% |
| Income taxes | 67/77 | €679,127 | €737,878 | +€58,751 | +8.7% |
| Taxes | 670/3 | €679,127 | €737,878 | +€58,751 | +8.7% |
| Profit (loss) for the period | 9904 | €2,067,831 | €2,207,970 | +€140,139 | +6.8% |
| Transfer from tax-exempt reserves | 789 | €301 | €301 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,068,133 | €2,208,271 | +€140,139 | +6.8% |
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 9 October 2026 via checked.be.