NORTH ESTATES: 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 ESTATES
Largest movements
- Receivables within one year -€3,084
down €3,084 (-58.1%), from €5,310 to €2,225
of which Other amounts receivable: -€4,787
- Tangible fixed assets -€580
down €580 (-52.5%), from €1,105 to €525
of which Plant, machinery and equipment: -€580
- Profit (loss) carried forward -€20,080
down €20,080 (-44.8%), from -€44,820 to -€64,900
- Other debts +€18,118
up €18,118 (+93.2%), from €19,448 to €37,566
- Tax, wage and social debts -€8,248
down €8,248 (-70.1%), from €11,762 to €3,513
- Short-term financial debts +€4,726
up €4,726 (+469.1%), from €1,008 to €5,734
- Trade debts +€1,707
up €1,707 (+44.2%), from €3,858 to €5,565
- Gross operating margin -€24,828
down €24,828, from €9,422 to -€15,406
- Financial charges -€956
down €956 (-31.8%), from €3,006 to €2,049
- Other operating charges +€702
up €702 (+75.0%), from €936 to €1,638
- Financial income -€549
down €549 (-99.1%), from €554 to €5
- Taxes -€514
down €514 (-55.6%), from €926 to €411
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 | €9,855 | €6,078 | -€3,777 | -38.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,017 | €3,437 | -€580 | -14.4% |
| Tangible fixed assets | 22/27 | €1,105 | €525 | -€580 | -52.5% |
| Plant, machinery and equipment | 23 | €1,105 | €525 | -€580 | -52.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,912 | €2,912 | = | 0.0% |
| Current assets | 29/58 | €5,838 | €2,641 | -€3,197 | -54.8% |
| Amounts receivable within one year | 40/41 | €5,310 | €2,225 | -€3,084 | -58.1% |
| Trade receivables | 40 | - | €1,703 | +€1,703 | |
| Other amounts receivable | 41 | €5,310 | €522 | -€4,787 | -90.2% |
| Cash at bank and in hand | 54/58 | €141 | €76 | -€66 | -46.3% |
| Deferred charges and accrued income | 490/1 | €387 | €340 | -€47 | -12.2% |
| Total equity and liabilities | 10/49 | €9,855 | €6,078 | -€3,777 | -38.3% |
| Equity | 10/15 | -€26,220 | -€46,300 | -€20,080 | -76.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,820 | -€64,900 | -€20,080 | -44.8% |
| Amounts payable | 17/49 | €36,075 | €52,378 | +€16,303 | +45.2% |
| Amounts payable within one year | 42/48 | €36,075 | €52,378 | +€16,303 | +45.2% |
| Financial debts | 43 | €1,008 | €5,734 | +€4,726 | +469.1% |
| Credit institutions | 430/8 | €1,008 | €5,734 | +€4,726 | +469.1% |
| Trade debts | 44 | €3,858 | €5,565 | +€1,707 | +44.2% |
| Suppliers | 440/4 | €3,858 | €5,565 | +€1,707 | +44.2% |
| Taxes, remuneration and social security | 45 | €11,762 | €3,513 | -€8,248 | -70.1% |
| Taxes | 450/3 | €11,762 | €3,513 | -€8,248 | -70.1% |
| Other amounts payable | 47/48 | €19,448 | €37,566 | +€18,118 | +93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526 | €580 | +€54 | +10.3% |
| Other operating charges | 640/8 | €936 | €1,638 | +€702 | +75.0% |
| Gross operating margin | 9900 | €9,422 | -€15,406 | -€24,828 | |
| Operating profit (loss) | 9901 | €7,960 | -€17,624 | -€25,584 | |
| Financial income | 75/76B | €554 | €5 | -€549 | -99.1% |
| Recurring financial income | 75 | €554 | €5 | -€549 | -99.1% |
| Financial charges | 65/66B | €3,006 | €2,049 | -€956 | -31.8% |
| Recurring financial charges | 65 | €3,006 | €2,049 | -€956 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €5,508 | -€19,669 | -€25,177 | |
| Income taxes | 67/77 | €926 | €411 | -€514 | -55.6% |
| Profit (loss) for the period | 9904 | €4,583 | -€20,080 | -€24,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,583 | -€20,080 | -€24,662 |
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 8 October 2026 via checked.be.