NORTH SEA PROPERTIES: 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 PROPERTIES
Largest movements
- Financial fixed assets +€123,000
up €123,000 (+1.9%), from €6.6m to €6.7m
- Other debts +€217,152
up €217,152 (+5.4%), from €4.0m to €4.3m
- Profit (loss) carried forward -€99,373
down €99,373 (-135%), from -€73,411 to -€172,784
- Financial charges -€32,654
down €32,654 (-25.8%), from €126,785 to €94,131
- Gross operating margin +€1,002
up €1,002 (+16.9%), from -€5,933 to -€4,931
- Other operating charges -€259
down €259 (-45.5%), from €570 to €311
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 | €6,628,452 | €6,751,594 | +€123,141 | +1.9% |
| Fixed assets | 21/28 | €6,598,000 | €6,721,000 | +€123,000 | +1.9% |
| Financial fixed assets | 28 | €6,598,000 | €6,721,000 | +€123,000 | +1.9% |
| Current assets | 29/58 | €30,452 | €30,594 | +€141 | +0.5% |
| Amounts receivable within one year | 40/41 | €30,037 | €30,000 | -€37 | -0.1% |
| Trade receivables | 40 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 41 | €37 | - | -€37 | |
| Cash at bank and in hand | 54/58 | €416 | €594 | +€178 | +42.9% |
| Total equity and liabilities | 10/49 | €6,628,452 | €6,751,594 | +€123,141 | +1.9% |
| Equity | 10/15 | €260,989 | €161,616 | -€99,373 | -38.1% |
| Contributions | 10/11 | €304,000 | €304,000 | = | 0.0% |
| Capital | 10 | €304,000 | €304,000 | = | 0.0% |
| Issued capital | 100 | €304,000 | €304,000 | = | 0.0% |
| Reserves | 13 | €30,400 | €30,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,400 | €30,400 | = | 0.0% |
| Legal reserve | 130 | €30,400 | €30,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,411 | -€172,784 | -€99,373 | -135% |
| Amounts payable | 17/49 | €6,367,463 | €6,589,978 | +€222,515 | +3.5% |
| Amounts payable within one year | 42/48 | €6,367,463 | €6,589,978 | +€222,515 | +3.5% |
| Financial debts | 43 | €60,876 | €47,022 | -€13,854 | -22.8% |
| Other loans | 439 | €60,876 | €47,022 | -€13,854 | -22.8% |
| Trade debts | 44 | - | €6,678 | +€6,678 | |
| Suppliers | 440/4 | - | €6,678 | +€6,678 | |
| Advances received on contracts in progress | 46 | €2,260,000 | €2,260,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,375 | €16,913 | +€12,538 | +287% |
| Taxes | 450/3 | €4,375 | €16,913 | +€12,538 | +287% |
| Other amounts payable | 47/48 | €4,042,213 | €4,259,365 | +€217,152 | +5.4% |
| Other operating charges | 640/8 | €570 | €311 | -€259 | -45.5% |
| Gross operating margin | 9900 | -€5,933 | -€4,931 | +€1,002 | +16.9% |
| Operating profit (loss) | 9901 | -€6,503 | -€5,242 | +€1,262 | +19.4% |
| Financial charges | 65/66B | €126,785 | €94,131 | -€32,654 | -25.8% |
| Recurring financial charges | 65 | €126,785 | €94,131 | -€32,654 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€133,289 | -€99,373 | +€33,916 | +25.4% |
| Profit (loss) for the period | 9904 | -€133,289 | -€99,373 | +€33,916 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,289 | -€99,373 | +€33,916 | +25.4% |
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 1 November 2026 via checked.be.