NORTH GROUP: 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 GROUP
Largest movements
- Cash -€24,407
down €24,407 (-91.3%), from €26,747 to €2,340
mainly Investment in fixed assets (net) (-€20,999) and Receivables within one year (-€11,146)
- Tangible fixed assets +€18,109
up €18,109 (+2,163%), from €837 to €18,947
of which Land and buildings: +€18,032
- Receivables within one year +€11,146
up €11,146 (+202%), from €5,523 to €16,669
of which Other amounts receivable: +€7,998
- Profit (loss) carried forward +€10,828
up €10,828 (+16.6%), from -€65,235 to -€54,407
- Other debts -€6,077
down €6,077 (-46.2%), from €13,166 to €7,089
- Trade debts +€572
up €572 (+2,799%), from €20 to €593
- Accrued charges and deferred income -€474
down €474 (-23.7%), from €2,000 to €1,526
- Depreciation +€2,505
up €2,505 (+652%), from €384 to €2,889
- Other operating charges +€1,551
up €1,551 (+401%), from €387 to €1,939
- Taxes -€970
down €970 (-22.5%), from €4,310 to €3,339
- Financial charges +€552
up €552 (+172%), from €320 to €872
- Gross operating margin -€319
down €319 (-1.6%), from €20,167 to €19,847
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 | €33,257 | €38,105 | +€4,849 | +14.6% |
| Fixed assets | 21/28 | €987 | €19,097 | +€18,109 | +1,835% |
| Tangible fixed assets | 22/27 | €837 | €18,947 | +€18,109 | +2,163% |
| Land and buildings | 22 | - | €18,032 | +€18,032 | |
| Furniture and vehicles | 24 | €829 | €914 | +€86 | +10.3% |
| Other tangible fixed assets | 26 | €9 | €0 | -€9 | -100% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €32,270 | €19,009 | -€13,261 | -41.1% |
| Amounts receivable within one year | 40/41 | €5,523 | €16,669 | +€11,146 | +202% |
| Trade receivables | 40 | €3,257 | €6,405 | +€3,148 | +96.7% |
| Other amounts receivable | 41 | €2,266 | €10,264 | +€7,998 | +353% |
| Cash at bank and in hand | 54/58 | €26,747 | €2,340 | -€24,407 | -91.3% |
| Total equity and liabilities | 10/49 | €33,257 | €38,105 | +€4,849 | +14.6% |
| Equity | 10/15 | €16,570 | €27,398 | +€10,828 | +65.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,235 | -€54,407 | +€10,828 | +16.6% |
| Amounts payable | 17/49 | €16,687 | €10,708 | -€5,979 | -35.8% |
| Amounts payable within one year | 42/48 | €14,687 | €9,182 | -€5,505 | -37.5% |
| Trade debts | 44 | €20 | €593 | +€572 | +2,799% |
| Suppliers | 440/4 | €20 | €593 | +€572 | +2,799% |
| Taxes, remuneration and social security | 45 | €1,500 | €1,500 | = | 0.0% |
| Taxes | 450/3 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €13,166 | €7,089 | -€6,077 | -46.2% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,526 | -€474 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €2,889 | +€2,505 | +652% |
| Other operating charges | 640/8 | €387 | €1,939 | +€1,551 | +401% |
| Gross operating margin | 9900 | €20,167 | €19,847 | -€319 | -1.6% |
| Operating profit (loss) | 9901 | €19,395 | €15,019 | -€4,376 | -22.6% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €320 | €872 | +€552 | +172% |
| Recurring financial charges | 65 | €320 | €872 | +€552 | +172% |
| Profit (loss) for the period before taxes | 9903 | €19,075 | €14,167 | -€4,908 | -25.7% |
| Income taxes | 67/77 | €4,310 | €3,339 | -€970 | -22.5% |
| Profit (loss) for the period | 9904 | €14,766 | €10,828 | -€3,938 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,766 | €10,828 | -€3,938 | -26.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.