NORTHINITY: 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.
NORTHINITY
Largest movements
- Tangible fixed assets -€10,127
down €10,127 (-54.1%), from €18,727 to €8,600
of which Plant, machinery and equipment: -€9,036
- Receivables within one year -€6,689
down €6,689 (-43.9%), from €15,246 to €8,557
of which Trade receivables: -€7,732
- Cash -€2,462
down €2,462 (-29.9%), from €8,237 to €5,775
mainly Net result for the year (-€17,439) and Tax, wage and social debts (-€1,930)
- Profit (loss) carried forward -€17,439
down €17,439 (-27.9%), from -€62,406 to -€79,845
- Tax, wage and social debts -€1,930
down €1,930 (-84.3%), from €2,288 to €358
- Other debts +€1,423
new in 2025: €1,423
- Trade debts -€1,332
down €1,332 (-80.6%), from €1,654 to €321
- Purchases and services +€90,167
new in 2025: €90,167
- Turnover +€83,960
new in 2025: €83,960
- Other operating charges -€7,107
down €7,107 (-91.9%), from €7,732 to €625
- Depreciation -€2,500
down €2,500 (-19.8%), from €12,627 to €10,127
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 | €42,702 | €23,423 | -€19,279 | -45.1% |
| Fixed assets | 21/28 | €18,727 | €8,600 | -€10,127 | -54.1% |
| Tangible fixed assets | 22/27 | €18,727 | €8,600 | -€10,127 | -54.1% |
| Land and buildings | 22 | €6,412 | €5,321 | -€1,091 | -17.0% |
| Plant, machinery and equipment | 23 | €12,315 | €3,279 | -€9,036 | -73.4% |
| Current assets | 29/58 | €23,974 | €14,823 | -€9,152 | -38.2% |
| Amounts receivable within one year | 40/41 | €15,246 | €8,557 | -€6,689 | -43.9% |
| Trade receivables | 40 | €15,246 | €7,514 | -€7,732 | -50.7% |
| Other amounts receivable | 41 | - | €1,043 | +€1,043 | |
| Cash at bank and in hand | 54/58 | €8,237 | €5,775 | -€2,462 | -29.9% |
| Deferred charges and accrued income | 490/1 | €492 | €492 | = | 0.0% |
| Total equity and liabilities | 10/49 | €42,702 | €23,423 | -€19,279 | -45.1% |
| Equity | 10/15 | €38,760 | €21,321 | -€17,439 | -45.0% |
| Reserves | 13 | €101,166 | €101,166 | = | 0.0% |
| Distributable reserves | 133 | €101,166 | €101,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,406 | -€79,845 | -€17,439 | -27.9% |
| Amounts payable | 17/49 | €3,942 | €2,102 | -€1,840 | -46.7% |
| Amounts payable within one year | 42/48 | €3,942 | €2,102 | -€1,840 | -46.7% |
| Trade debts | 44 | €1,654 | €321 | -€1,332 | -80.6% |
| Suppliers | 440/4 | €1,654 | €321 | -€1,332 | -80.6% |
| Taxes, remuneration and social security | 45 | €2,288 | €358 | -€1,930 | -84.3% |
| Taxes | 450/3 | €2,288 | €358 | -€1,930 | -84.3% |
| Other amounts payable | 47/48 | - | €1,423 | +€1,423 | |
| Turnover | 70 | - | €83,960 | +€83,960 | |
| Non-recurring operating income | 76A | €2 | - | -€2 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €90,167 | +€90,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,627 | €10,127 | -€2,500 | -19.8% |
| Other operating charges | 640/8 | €7,732 | €625 | -€7,107 | -91.9% |
| Gross operating margin | 9900 | -€5,751 | -€6,207 | -€457 | -7.9% |
| Operating profit (loss) | 9901 | -€26,110 | -€16,960 | +€9,150 | +35.0% |
| Financial income | 75/76B | - | €92 | +€92 | |
| Recurring financial income | 75 | - | €92 | +€92 | |
| Financial charges | 65/66B | €76 | €78 | +€1 | +1.8% |
| Recurring financial charges | 65 | €76 | €78 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,187 | -€16,946 | +€9,241 | +35.3% |
| Income taxes | 67/77 | -€10 | €493 | +€503 | |
| Profit (loss) for the period | 9904 | -€26,176 | -€17,439 | +€8,737 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,176 | -€17,439 | +€8,737 | +33.4% |
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 14 October 2026 via checked.be.