NORTEDI: what changed
Two fiscal 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.
NORTEDI
Largest movements
- Current assets -€30,228
down €30,228 (-22.6%), from €133,856 to €103,628
of which Receivables within one year: -€48,490
- Profit (loss) carried forward -€55,975
down €55,975 (-52.5%), from €106,568 to €50,593
- Reserves +€50,000
new in 2025: €50,000
- Trade debts -€24,253
down €24,253 (-88.9%), from €27,288 to €3,035
- Gross operating margin -€5,348
down €5,348 (-9.4%), from €56,596 to €51,248
- Taxes +€5,284
up €5,284 (+61.3%), from €8,622 to €13,906
- Purchases and services +€4,605
up €4,605 (+3.3%), from €138,560 to €143,165
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,856 | €103,628 | -€30,228 | -22.6% |
| Current assets | 29/58 | €133,856 | €103,628 | -€30,228 | -22.6% |
| Stocks | 30/36 | €11,366 | €9,034 | -€2,332 | -20.5% |
| Amounts receivable within one year | 40/41 | €60,091 | €11,601 | -€48,490 | -80.7% |
| Trade receivables | 40 | €60,091 | €11,601 | -€48,490 | -80.7% |
| Cash at bank and in hand | 54/58 | €62,399 | €82,993 | +€20,594 | +33.0% |
| Total equity and liabilities | 10/49 | €133,856 | €103,628 | -€30,228 | -22.6% |
| Equity | 10/15 | €106,568 | €100,593 | -€5,975 | -5.6% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Tax-exempt reserves | 132 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €106,568 | €50,593 | -€55,975 | -52.5% |
| Amounts payable | 17/49 | €27,288 | €3,035 | -€24,253 | -88.9% |
| Amounts payable within one year | 42/48 | €27,288 | €3,035 | -€24,253 | -88.9% |
| Trade debts | 44 | €27,288 | €3,035 | -€24,253 | -88.9% |
| Suppliers | 440/4 | €27,288 | €3,035 | -€24,253 | -88.9% |
| Turnover | 70 | €195,156 | €194,413 | -€743 | -0.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €138,560 | €143,165 | +€4,605 | +3.3% |
| Remuneration, social security and pensions | 62 | €4,877 | €3,131 | -€1,746 | -35.8% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €56,596 | €51,248 | -€5,348 | -9.4% |
| Operating profit (loss) | 9901 | €51,601 | €47,997 | -€3,604 | -7.0% |
| Financial income | 75/76B | €6 | €5 | -€1 | -16.7% |
| Recurring financial income | 75 | €6 | €5 | -€1 | -16.7% |
| Financial charges | 65/66B | €78 | €70 | -€8 | -10.3% |
| Recurring financial charges | 65 | €78 | €70 | -€8 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €51,529 | €47,931 | -€3,598 | -7.0% |
| Income taxes | 67/77 | €8,622 | €13,906 | +€5,284 | +61.3% |
| Profit (loss) for the period | 9904 | €42,907 | €34,025 | -€8,882 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,907 | €34,025 | -€8,882 | -20.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.