North Crown: 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 Crown
Largest movements
- Receivables within one year +€8,785
up €8,785 (+26.3%), from €33,356 to €42,141
of which Trade receivables: +€10,062
- Cash +€837
up €837 (+10.5%), from €7,948 to €8,785
mainly Trade debts (+€5,717) and Net result for the year (+€5,268)
- Tangible fixed assets -€720
down €720 (-5.5%), from €13,199 to €12,478
of which Land and buildings: -€1,607
- Trade debts +€5,717
up €5,717 (+135%), from €4,241 to €9,958
- Reserves +€5,268
up €5,268 (+17.2%), from €30,702 to €35,970
- Tax, wage and social debts -€2,159
down €2,159 (-13.0%), from €16,560 to €14,401
of which Taxes: -€5,706
- Gross operating margin -€35,321
down €35,321 (-71.8%), from €49,164 to €13,843
- Taxes -€9,947
down €9,947 (-76.8%), from €12,953 to €3,006
- Depreciation +€1,547
up €1,547 (+332%), from €466 to €2,013
- Staff costs -€1,323
down €1,323 (-28.1%), from €4,713 to €3,390
- Financial income +€604
up €604 (+104%), from €578 to €1,181
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 | €54,503 | €63,404 | +€8,901 | +16.3% |
| Fixed assets | 21/28 | €13,199 | €12,478 | -€720 | -5.5% |
| Tangible fixed assets | 22/27 | €13,199 | €12,478 | -€720 | -5.5% |
| Land and buildings | 22 | €12,749 | €11,142 | -€1,607 | -12.6% |
| Plant, machinery and equipment | 23 | €450 | €250 | -€200 | -44.4% |
| Furniture and vehicles | 24 | - | €1,086 | +€1,086 | |
| Current assets | 29/58 | €41,304 | €50,926 | +€9,622 | +23.3% |
| Amounts receivable within one year | 40/41 | €33,356 | €42,141 | +€8,785 | +26.3% |
| Trade receivables | 40 | €9,535 | €19,597 | +€10,062 | +106% |
| Other amounts receivable | 41 | €23,821 | €22,544 | -€1,277 | -5.4% |
| Cash at bank and in hand | 54/58 | €7,948 | €8,785 | +€837 | +10.5% |
| Total equity and liabilities | 10/49 | €54,503 | €63,404 | +€8,901 | +16.3% |
| Equity | 10/15 | €33,702 | €38,970 | +€5,268 | +15.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,702 | €35,970 | +€5,268 | +17.2% |
| Distributable reserves | 133 | €30,702 | €35,970 | +€5,268 | +17.2% |
| Amounts payable | 17/49 | €20,801 | €24,434 | +€3,633 | +17.5% |
| Amounts payable within one year | 42/48 | €20,801 | €24,359 | +€3,558 | +17.1% |
| Trade debts | 44 | €4,241 | €9,958 | +€5,717 | +135% |
| Suppliers | 440/4 | €4,241 | €9,958 | +€5,717 | +135% |
| Taxes, remuneration and social security | 45 | €16,560 | €14,401 | -€2,159 | -13.0% |
| Taxes | 450/3 | €12,953 | €7,247 | -€5,706 | -44.1% |
| Remuneration and social security | 454/9 | €3,607 | €7,154 | +€3,547 | +98.3% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Remuneration, social security and pensions | 62 | €4,713 | €3,390 | -€1,323 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €2,013 | +€1,547 | +332% |
| Other operating charges | 640/8 | €698 | €1,045 | +€347 | +49.6% |
| Gross operating margin | 9900 | €49,164 | €13,843 | -€35,321 | -71.8% |
| Operating profit (loss) | 9901 | €43,287 | €7,395 | -€35,891 | -82.9% |
| Financial income | 75/76B | €578 | €1,181 | +€604 | +104% |
| Recurring financial income | 75 | €578 | €1,181 | +€604 | +104% |
| Financial charges | 65/66B | €210 | €302 | +€93 | +44.2% |
| Recurring financial charges | 65 | €210 | €302 | +€93 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €43,655 | €8,274 | -€35,380 | -81.0% |
| Income taxes | 67/77 | €12,953 | €3,006 | -€9,947 | -76.8% |
| Profit (loss) for the period | 9904 | €30,702 | €5,268 | -€25,433 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,702 | €5,268 | -€25,433 | -82.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.