North Sea Wind: 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 Wind
Largest movements
- Receivables after one year -€14.9m
no longer reported in 2025 (was €14.9m)
- Receivables within one year +€14.9m
new in 2025: €14.9m
No liability line moved by more than 1% of the balance sheet total.
- Provisions +€99,883
new in 2025: €99,883
- Financial income +€60,736
up €60,736 (+7.2%), from €841,254 to €901,990
- Gross operating margin +€36,153
up €36,153 (+16.7%), from -€217,132 to -€180,979
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 | €15,792,759 | €15,791,549 | -€1,210 | 0.0% |
| Current assets | 29/58 | €15,792,759 | €15,791,549 | -€1,210 | 0.0% |
| Amounts receivable after more than one year | 29 | €14,931,700 | - | -€14.9m | |
| Other amounts receivable | 291 | €14,931,700 | - | -€14.9m | |
| Amounts receivable within one year | 40/41 | - | €14,862,010 | +€14.9m | |
| Other amounts receivable | 41 | - | €14,862,010 | +€14.9m | |
| Cash at bank and in hand | 54/58 | €19,792 | €27,549 | +€7,757 | +39.2% |
| Deferred charges and accrued income | 490/1 | €841,267 | €901,990 | +€60,723 | +7.2% |
| Total equity and liabilities | 10/49 | €15,792,759 | €15,791,549 | -€1,210 | 0.0% |
| Equity | 10/15 | €14,893,630 | €14,860,777 | -€32,853 | -0.2% |
| Contributions | 10/11 | €14,885,450 | €14,849,710 | -€35,740 | -0.2% |
| Profit (loss) carried forward | 14 | €8,180 | €11,067 | +€2,887 | +35.3% |
| Provisions and deferred taxes | 16 | - | €99,883 | +€99,883 | |
| Provisions for liabilities and charges | 160/5 | - | €99,883 | +€99,883 | |
| Other liabilities and charges | 164/5 | - | €99,883 | +€99,883 | |
| Amounts payable | 17/49 | €899,129 | €830,889 | -€68,240 | -7.6% |
| Amounts payable within one year | 42/48 | €899,129 | €830,889 | -€68,240 | -7.6% |
| Trade debts | 44 | €212,766 | €181,081 | -€31,685 | -14.9% |
| Suppliers | 440/4 | €212,766 | €181,081 | -€31,685 | -14.9% |
| Taxes, remuneration and social security | 45 | €29,790 | €60,297 | +€30,506 | +102% |
| Taxes | 450/3 | €29,790 | €60,297 | +€30,506 | +102% |
| Other amounts payable | 47/48 | €656,573 | €589,512 | -€67,062 | -10.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €99,883 | +€99,883 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€217,132 | -€180,979 | +€36,153 | +16.7% |
| Operating profit (loss) | 9901 | -€218,099 | -€281,861 | -€63,761 | -29.2% |
| Financial income | 75/76B | €841,254 | €901,990 | +€60,736 | +7.2% |
| Recurring financial income | 75 | €841,254 | €901,990 | +€60,736 | +7.2% |
| Financial charges | 65/66B | €550 | €802 | +€252 | +45.7% |
| Recurring financial charges | 65 | €550 | €802 | +€252 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €622,604 | €619,327 | -€3,277 | -0.5% |
| Income taxes | 67/77 | €29,790 | €30,506 | +€716 | +2.4% |
| Profit (loss) for the period | 9904 | €592,814 | €588,821 | -€3,993 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €592,814 | €588,821 | -€3,993 | -0.7% |
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 25 October 2026 via checked.be.