NORTECH GROUP: 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.
NORTECH GROUP
Largest movements
- Receivables within one year +€159,201
up €159,201 (+4,313%), from €3,691 to €162,892
of which Trade receivables: +€129,808
- Cash +€53,121
up €53,121 (+49,489%), from €107 to €53,228
mainly Trade debts (+€208,304) and Net result for the year (+€18,964)
- Tangible fixed assets +€22,924
new in 2025: €22,924
- Deferred charges and accrued income +€4,677
new in 2025: €4,677
- Trade debts +€208,304
up €208,304 (+4,374%), from €4,763 to €213,066
- Profit (loss) carried forward +€18,964
up €18,964 (+73.3%), from -€25,887 to -€6,923
- Tax, wage and social debts +€12,892
up €12,892 (+8,265%), from €156 to €13,047
of which Remuneration and social security: +€11,095
- Gross operating margin +€64,425
up €64,425, from -€2,326 to €62,100
- Staff costs +€20,207
new in 2025: €20,207
- Financial charges +€11,872
up €11,872 (+1,056%), from €1,124 to €12,996
- Depreciation +€8,021
new in 2025: €8,021
- Taxes +€842
up €842 (+1,167%), from €72 to €914
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 | €3,798 | €244,560 | +€240,762 | +6,339% |
| Fixed assets | 21/28 | - | €23,764 | +€23,764 | |
| Tangible fixed assets | 22/27 | - | €22,924 | +€22,924 | |
| Furniture and vehicles | 24 | - | €22,924 | +€22,924 | |
| Financial fixed assets | 28 | - | €840 | +€840 | |
| Current assets | 29/58 | €3,798 | €220,797 | +€216,998 | +5,713% |
| Amounts receivable within one year | 40/41 | €3,691 | €162,892 | +€159,201 | +4,313% |
| Trade receivables | 40 | €2,761 | €132,569 | +€129,808 | +4,701% |
| Other amounts receivable | 41 | €930 | €30,322 | +€29,393 | +3,161% |
| Cash at bank and in hand | 54/58 | €107 | €53,228 | +€53,121 | +49,489% |
| Deferred charges and accrued income | 490/1 | - | €4,677 | +€4,677 | |
| Total equity and liabilities | 10/49 | €3,798 | €244,560 | +€240,762 | +6,339% |
| Equity | 10/15 | -€8,427 | €10,537 | +€18,964 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,260 | €11,260 | = | 0.0% |
| Distributable reserves | 133 | €11,260 | €11,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,887 | -€6,923 | +€18,964 | +73.3% |
| Amounts payable | 17/49 | €12,225 | €234,024 | +€221,798 | +1,814% |
| Amounts payable within one year | 42/48 | €11,838 | €233,907 | +€222,069 | +1,876% |
| Trade debts | 44 | €4,763 | €213,066 | +€208,304 | +4,374% |
| Suppliers | 440/4 | €4,763 | €213,066 | +€208,304 | +4,374% |
| Taxes, remuneration and social security | 45 | €156 | €13,047 | +€12,892 | +8,265% |
| Taxes | 450/3 | €156 | €1,953 | +€1,797 | +1,152% |
| Remuneration and social security | 454/9 | - | €11,095 | +€11,095 | |
| Other amounts payable | 47/48 | €6,919 | €7,793 | +€874 | +12.6% |
| Accrued charges and deferred income | 492/3 | €387 | €117 | -€270 | -69.8% |
| Remuneration, social security and pensions | 62 | - | €20,207 | +€20,207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,021 | +€8,021 | |
| Other operating charges | 640/8 | €862 | €998 | +€136 | +15.8% |
| Gross operating margin | 9900 | -€2,326 | €62,100 | +€64,425 | |
| Operating profit (loss) | 9901 | -€3,187 | €32,874 | +€36,061 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €1,124 | €12,996 | +€11,872 | +1,056% |
| Recurring financial charges | 65 | €1,124 | €12,996 | +€11,872 | +1,056% |
| Profit (loss) for the period before taxes | 9903 | -€4,312 | €19,878 | +€24,190 | |
| Income taxes | 67/77 | €72 | €914 | +€842 | +1,167% |
| Profit (loss) for the period | 9904 | -€4,384 | €18,964 | +€23,348 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,384 | €18,964 | +€23,348 |
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 21 October 2026 via checked.be.