NORTH_C: 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.
NORTH_C
Largest movements
- Stocks and contracts -€9,600
down €9,600 (-50.0%), from €19,201 to €9,600
- Cash -€8,663
down €8,663 (-6.0%), from €143,667 to €135,003
mainly Contributions, distributions and other (-€87,751) and Receivables within one year (-€5,506)
- Receivables within one year +€5,506
up €5,506 (+44.6%), from €12,342 to €17,848
- Reserves -€52,865
down €52,865 (-17.4%), from €303,979 to €251,114
of which Distributable reserves: -€52,865
- Other debts +€40,519
up €40,519 (+67.9%), from €59,657 to €100,176
- Gross operating margin -€24,029
down €24,029 (-29.2%), from €82,411 to €58,382
- Taxes -€4,185
down €4,185 (-18.4%), from €22,690 to €18,505
- Depreciation +€854
up €854 (+21.3%), from €4,000 to €4,854
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 | €386,806 | €372,466 | -€14,340 | -3.7% |
| Fixed assets | 21/28 | €9,622 | €7,156 | -€2,466 | -25.6% |
| Tangible fixed assets | 22/27 | €9,622 | €7,156 | -€2,466 | -25.6% |
| Plant, machinery and equipment | 23 | €794 | €126 | -€669 | -84.2% |
| Furniture and vehicles | 24 | €8,827 | €7,030 | -€1,797 | -20.4% |
| Current assets | 29/58 | €377,185 | €365,310 | -€11,875 | -3.1% |
| Amounts receivable after more than one year | 29 | €51,975 | €52,729 | +€754 | +1.5% |
| Other amounts receivable | 291 | €51,975 | €52,729 | +€754 | +1.5% |
| Stocks and contracts in progress | 3 | €19,201 | €9,600 | -€9,600 | -50.0% |
| Stocks | 30/36 | €19,201 | €9,600 | -€9,600 | -50.0% |
| Amounts receivable within one year | 40/41 | €12,342 | €17,848 | +€5,506 | +44.6% |
| Trade receivables | 40 | €12,342 | €17,848 | +€5,506 | +44.6% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €143,667 | €135,003 | -€8,663 | -6.0% |
| Deferred charges and accrued income | 490/1 | - | €130 | +€130 | |
| Total equity and liabilities | 10/49 | €386,806 | €372,466 | -€14,340 | -3.7% |
| Equity | 10/15 | €310,193 | €257,328 | -€52,865 | -17.0% |
| Contributions | 10/11 | €6,214 | €6,214 | = | 0.0% |
| Reserves | 13 | €303,979 | €251,114 | -€52,865 | -17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €302,119 | €249,254 | -€52,865 | -17.5% |
| Amounts payable | 17/49 | €76,613 | €115,138 | +€38,525 | +50.3% |
| Amounts payable within one year | 42/48 | €74,113 | €113,757 | +€39,643 | +53.5% |
| Trade debts | 44 | €1,869 | €2,522 | +€653 | +34.9% |
| Suppliers | 440/4 | €1,869 | €2,522 | +€653 | +34.9% |
| Taxes, remuneration and social security | 45 | €12,587 | €11,058 | -€1,529 | -12.1% |
| Taxes | 450/3 | €12,587 | €11,058 | -€1,529 | -12.1% |
| Other amounts payable | 47/48 | €59,657 | €100,176 | +€40,519 | +67.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | €1,381 | -€1,119 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,000 | €4,854 | +€854 | +21.3% |
| Other operating charges | 640/8 | €1,155 | €1,224 | +€69 | +6.0% |
| Gross operating margin | 9900 | €82,411 | €58,382 | -€24,029 | -29.2% |
| Operating profit (loss) | 9901 | €77,257 | €52,305 | -€24,952 | -32.3% |
| Financial income | 75/76B | €1,058 | €1,220 | +€162 | +15.3% |
| Recurring financial income | 75 | €1,058 | €1,220 | +€162 | +15.3% |
| Financial charges | 65/66B | €60 | €134 | +€73 | +122% |
| Recurring financial charges | 65 | €60 | €134 | +€73 | +122% |
| Profit (loss) for the period before taxes | 9903 | €78,255 | €53,391 | -€24,863 | -31.8% |
| Income taxes | 67/77 | €22,690 | €18,505 | -€4,185 | -18.4% |
| Profit (loss) for the period | 9904 | €55,564 | €34,886 | -€20,678 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,564 | €34,886 | -€20,678 | -37.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.