Northa: what changed
Two fiscal 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.
Northa
Largest movements
- Stocks and contracts +€5,422
up €5,422 (+11.8%), from €46,056 to €51,478
- Cash -€4,941
down €4,941 (-57.7%), from €8,571 to €3,629
mainly Stocks and contracts (-€5,422) and Receivables within one year (-€4,814)
- Receivables within one year +€4,814
new in 2024: €4,814
of which Trade receivables: +€3,930
- Trade debts +€3,268
up €3,268 (+15.4%), from €21,270 to €24,538
- Tax, wage and social debts +€2,478
up €2,478 (+104.2%), from €2,379 to €4,857
- Short-term financial debts -€1,500
no longer reported in 2024 (was €1,500)
- Profit (loss) carried forward +€743
up €743 (+7.4%), from €10,046 to €10,788
- Gross operating margin -€4,430
down €4,430 (-70.9%), from €6,245 to €1,815
- Taxes -€988
down €988 (-84.2%), from €1,174 to €186
- Depreciation -€123
down €123 (-24.7%), from €496 to €373
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,665 | €60,653 | +€4,988 | +9.0% |
| Fixed assets | 21/28 | €988 | €614 | -€373 | -37.8% |
| Tangible fixed assets | 22/27 | €988 | €614 | -€373 | -37.8% |
| Furniture and vehicles | 24 | €988 | €614 | -€373 | -37.8% |
| Current assets | 29/58 | €54,677 | €60,039 | +€5,362 | +9.8% |
| Stocks and contracts in progress | 3 | €46,056 | €51,478 | +€5,422 | +11.8% |
| Stocks | 30/36 | €46,056 | €51,478 | +€5,422 | +11.8% |
| Amounts receivable within one year | 40/41 | - | €4,814 | +€4,814 | |
| Trade receivables | 40 | - | €3,930 | +€3,930 | |
| Other amounts receivable | 41 | - | €884 | +€884 | |
| Cash at bank and in hand | 54/58 | €8,571 | €3,629 | -€4,941 | -57.7% |
| Deferred charges and accrued income | 490/1 | €50 | €117 | +€67 | +133.9% |
| Total equity and liabilities | 10/49 | €55,665 | €60,653 | +€4,988 | +9.0% |
| Equity | 10/15 | €28,646 | €29,388 | +€743 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,046 | €10,788 | +€743 | +7.4% |
| Amounts payable | 17/49 | €27,019 | €31,265 | +€4,246 | +15.7% |
| Amounts payable within one year | 42/48 | €27,019 | €31,265 | +€4,246 | +15.7% |
| Financial debts | 43 | €1,500 | - | -€1,500 | |
| Credit institutions | 430/8 | €1,500 | - | -€1,500 | |
| Trade debts | 44 | €21,270 | €24,538 | +€3,268 | +15.4% |
| Suppliers | 440/4 | €21,270 | €24,538 | +€3,268 | +15.4% |
| Taxes, remuneration and social security | 45 | €2,379 | €4,857 | +€2,478 | +104.2% |
| Taxes | 450/3 | €2,379 | €4,857 | +€2,478 | +104.2% |
| Other amounts payable | 47/48 | €1,871 | €1,871 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €373 | -€123 | -24.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €6,245 | €1,815 | -€4,430 | -70.9% |
| Operating profit (loss) | 9901 | €5,364 | €1,054 | -€4,310 | -80.4% |
| Financial charges | 65/66B | €185 | €126 | -€59 | -32.0% |
| Recurring financial charges | 65 | €185 | €126 | -€59 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €5,179 | €928 | -€4,251 | -82.1% |
| Income taxes | 67/77 | €1,174 | €186 | -€988 | -84.2% |
| Profit (loss) for the period | 9904 | €4,006 | €743 | -€3,263 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,006 | €743 | -€3,263 | -81.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.