North Sea: 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 Sea
Largest movements
- Cash +€7,751
up €7,751 (+1,333%), from €581 to €8,332
mainly Net result for the year (+€16,399) and Tax, wage and social debts (+€11,554)
- Receivables within one year +€5,870
up €5,870 (+10.6%), from €55,400 to €61,269
of which Other amounts receivable: +€6,870
- Tangible fixed assets +€5,819
up €5,819 (+20.6%), from €28,199 to €34,018
of which Land and buildings: +€8,952
- Profit (loss) carried forward +€16,399
up €16,399 (+78.2%), from €20,977 to €37,376
- Tax, wage and social debts +€11,554
up €11,554 (+76.8%), from €15,042 to €26,596
of which Taxes: +€6,708
- Trade debts -€7,202
down €7,202 (-13.8%), from €52,091 to €44,890
- Other debts -€4,062
down €4,062 (-100%), from €4,062 to €0
- Gross operating margin -€24,840
down €24,840 (-17.4%), from €142,836 to €117,996
- Staff costs -€15,595
down €15,595 (-15.3%), from €101,748 to €86,153
- Other operating charges -€6,729
down €6,729 (-66.7%), from €10,091 to €3,362
- Depreciation +€2,642
up €2,642 (+45.5%), from €5,802 to €8,444
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 | €100,755 | €118,312 | +€17,557 | +17.4% |
| Fixed assets | 21/28 | €40,723 | €45,543 | +€4,819 | +11.8% |
| Intangible fixed assets | 21 | €7,674 | €6,674 | -€1,000 | -13.0% |
| Tangible fixed assets | 22/27 | €28,199 | €34,018 | +€5,819 | +20.6% |
| Land and buildings | 22 | €9,022 | €17,974 | +€8,952 | +99.2% |
| Plant, machinery and equipment | 23 | €9,776 | €8,436 | -€1,340 | -13.7% |
| Furniture and vehicles | 24 | €9,401 | €7,608 | -€1,793 | -19.1% |
| Financial fixed assets | 28 | €4,850 | €4,850 | = | 0.0% |
| Current assets | 29/58 | €60,032 | €72,769 | +€12,737 | +21.2% |
| Amounts receivable within one year | 40/41 | €55,400 | €61,269 | +€5,870 | +10.6% |
| Trade receivables | 40 | €30,010 | €29,010 | -€1,000 | -3.3% |
| Other amounts receivable | 41 | €25,390 | €32,259 | +€6,870 | +27.1% |
| Cash at bank and in hand | 54/58 | €581 | €8,332 | +€7,751 | +1,333% |
| Deferred charges and accrued income | 490/1 | €4,051 | €3,168 | -€883 | -21.8% |
| Total equity and liabilities | 10/49 | €100,755 | €118,312 | +€17,557 | +17.4% |
| Equity | 10/15 | €26,977 | €43,376 | +€16,399 | +60.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,977 | €37,376 | +€16,399 | +78.2% |
| Amounts payable | 17/49 | €73,778 | €74,936 | +€1,158 | +1.6% |
| Amounts payable within one year | 42/48 | €71,195 | €71,486 | +€291 | +0.4% |
| Trade debts | 44 | €52,091 | €44,890 | -€7,202 | -13.8% |
| Suppliers | 440/4 | €52,091 | €44,890 | -€7,202 | -13.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,042 | €26,596 | +€11,554 | +76.8% |
| Taxes | 450/3 | €8,946 | €15,655 | +€6,708 | +75.0% |
| Remuneration and social security | 454/9 | €6,096 | €10,942 | +€4,846 | +79.5% |
| Other amounts payable | 47/48 | €4,062 | €0 | -€4,062 | -100% |
| Accrued charges and deferred income | 492/3 | €2,583 | €3,450 | +€867 | +33.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €101,748 | €86,153 | -€15,595 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,802 | €8,444 | +€2,642 | +45.5% |
| Other operating charges | 640/8 | €10,091 | €3,362 | -€6,729 | -66.7% |
| Gross operating margin | 9900 | €142,836 | €117,996 | -€24,840 | -17.4% |
| Operating profit (loss) | 9901 | €25,195 | €20,036 | -€5,158 | -20.5% |
| Financial income | 75/76B | €1,082 | €1,455 | +€373 | +34.4% |
| Recurring financial income | 75 | €1,082 | €1,455 | +€373 | +34.4% |
| Financial charges | 65/66B | €689 | €927 | +€237 | +34.5% |
| Recurring financial charges | 65 | €689 | €927 | +€237 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €25,588 | €20,565 | -€5,023 | -19.6% |
| Income taxes | 67/77 | €4,781 | €4,166 | -€615 | -12.9% |
| Profit (loss) for the period | 9904 | €20,807 | €16,399 | -€4,408 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,807 | €16,399 | -€4,408 | -21.2% |
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 20 October 2026 via checked.be.