NORTH: 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.
NORTH
Largest movements
- Cash -€1,134
down €1,134 (-86.3%), from €1,315 to €181
mainly Net result for the year (-€957) and Other debts (-€434)
- Receivables within one year -€200
no longer reported in 2025 (was €200)
- Tangible fixed assets -€57
down €57 (-100.0%), from €57 to €0
of which Plant, machinery and equipment: -€57
- Profit (loss) carried forward -€957
down €957 (-1.1%), from -€86,893 to -€87,851
- Other debts -€434
down €434 (-0.6%), from €67,959 to €67,524
- Gross operating margin +€3,073
up €3,073 (+96.3%), from -€3,190 to -€117
- Depreciation -€171
down €171 (-75.0%), from €228 to €57
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 | €1,572 | €181 | -€1,391 | -88.5% |
| Fixed assets | 21/28 | €57 | €0 | -€57 | -100.0% |
| Tangible fixed assets | 22/27 | €57 | €0 | -€57 | -100.0% |
| Plant, machinery and equipment | 23 | €57 | €0 | -€57 | -100.0% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €1,515 | €181 | -€1,334 | -88.1% |
| Amounts receivable within one year | 40/41 | €200 | - | -€200 | |
| Trade receivables | 40 | €200 | - | -€200 | |
| Cash at bank and in hand | 54/58 | €1,315 | €181 | -€1,134 | -86.3% |
| Total equity and liabilities | 10/49 | €1,572 | €181 | -€1,391 | -88.5% |
| Equity | 10/15 | -€66,442 | -€67,399 | -€957 | -1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,893 | -€87,851 | -€957 | -1.1% |
| Amounts payable | 17/49 | €68,014 | €67,580 | -€434 | -0.6% |
| Amounts payable within one year | 42/48 | €68,014 | €67,580 | -€434 | -0.6% |
| Taxes, remuneration and social security | 45 | €56 | €56 | = | 0.0% |
| Taxes | 450/3 | €56 | €56 | = | 0.0% |
| Other amounts payable | 47/48 | €67,959 | €67,524 | -€434 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €57 | -€171 | -75.0% |
| Other operating charges | 640/8 | €720 | €738 | +€19 | +2.6% |
| Gross operating margin | 9900 | -€3,190 | -€117 | +€3,073 | +96.3% |
| Operating profit (loss) | 9901 | -€4,137 | -€912 | +€3,225 | +78.0% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,182 | -€957 | +€3,225 | +77.1% |
| Profit (loss) for the period | 9904 | -€4,182 | -€957 | +€3,225 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,182 | -€957 | +€3,225 | +77.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.