NORTH SHORE: 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 SHORE
Largest movements
- Receivables within one year -€9,499
down €9,499 (-100%), from €9,499 to €0
of which Other amounts receivable: -€7,259
- Tangible fixed assets -€7,469
down €7,469 (-2.9%), from €253,870 to €246,401
- Debts after one year -€17,893
down €17,893 (-10.2%), from €175,898 to €158,005
- Reserves +€7,684
new in 2025: €7,684
- Other debts -€6,600
down €6,600 (-20.5%), from €32,200 to €25,600
- Gross operating margin -€4,544
down €4,544 (-15.6%), from €29,058 to €24,514
- Taxes +€2,246
up €2,246 (+167%), from €1,342 to €3,588
- Depreciation +€622
up €622 (+9.1%), from €6,847 to €7,469
- Financial charges -€551
down €551 (-12.2%), from €4,517 to €3,966
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 | €263,368 | €247,734 | -€15,634 | -5.9% |
| Fixed assets | 21/28 | €253,870 | €246,401 | -€7,469 | -2.9% |
| Tangible fixed assets | 22/27 | €253,870 | €246,401 | -€7,469 | -2.9% |
| Land and buildings | 22 | €253,870 | €246,401 | -€7,469 | -2.9% |
| Current assets | 29/58 | €9,499 | €1,333 | -€8,166 | -86.0% |
| Amounts receivable within one year | 40/41 | €9,499 | €0 | -€9,499 | -100% |
| Trade receivables | 40 | €2,240 | €0 | -€2,240 | -100% |
| Other amounts receivable | 41 | €7,259 | €0 | -€7,259 | -100% |
| Cash at bank and in hand | 54/58 | €0 | €1,333 | +€1,333 | |
| Total equity and liabilities | 10/49 | €263,368 | €247,734 | -€15,634 | -5.9% |
| Equity | 10/15 | €33,583 | €41,267 | +€7,684 | +22.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €7,684 | +€7,684 | |
| Distributable reserves | 133 | - | €7,684 | +€7,684 | |
| Profit (loss) carried forward | 14 | €3,583 | €3,583 | = | 0.0% |
| Amounts payable | 17/49 | €229,785 | €206,467 | -€23,318 | -10.1% |
| Amounts payable after more than one year | 17 | €175,898 | €158,005 | -€17,893 | -10.2% |
| Financial debts | 170/4 | €175,898 | €158,005 | -€17,893 | -10.2% |
| Amounts payable within one year | 42/48 | €53,887 | €45,962 | -€7,925 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €18,247 | €19,653 | +€1,407 | +7.7% |
| Financial debts | 43 | €56 | €0 | -€56 | -100% |
| Credit institutions | 430/8 | €56 | €0 | -€56 | -100% |
| Trade debts | 44 | €2,042 | €30 | -€2,012 | -98.5% |
| Suppliers | 440/4 | €2,042 | €30 | -€2,012 | -98.5% |
| Taxes, remuneration and social security | 45 | €1,342 | €678 | -€664 | -49.5% |
| Taxes | 450/3 | €1,342 | €678 | -€664 | -49.5% |
| Other amounts payable | 47/48 | €32,200 | €25,600 | -€6,600 | -20.5% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,847 | €7,469 | +€622 | +9.1% |
| Other operating charges | 640/8 | €2,002 | €1,807 | -€196 | -9.8% |
| Gross operating margin | 9900 | €29,058 | €24,514 | -€4,544 | -15.6% |
| Operating profit (loss) | 9901 | €20,209 | €15,238 | -€4,971 | -24.6% |
| Financial charges | 65/66B | €4,517 | €3,966 | -€551 | -12.2% |
| Recurring financial charges | 65 | €4,517 | €3,966 | -€551 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €15,692 | €11,272 | -€4,420 | -28.2% |
| Income taxes | 67/77 | €1,342 | €3,588 | +€2,246 | +167% |
| Profit (loss) for the period | 9904 | €14,350 | €7,684 | -€6,666 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,350 | €7,684 | -€6,666 | -46.5% |
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 1 November 2026 via checked.be.