NORTHOS: 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.
NORTHOS
Largest movements
- Cash +€215,026
up €215,026 (+1631.6%), from €13,179 to €228,205
mainly Current investments (+€200,000) and Net result for the year (+€53,622)
- Current investments -€200,000
no longer reported in 2024 (was €200,000)
- Receivables within one year +€16,179
up €16,179 (+87.3%), from €18,524 to €34,703
of which Trade receivables: +€9,589
- Tangible fixed assets -€13,166
down €13,166 (-52.1%), from €25,290 to €12,124
of which Furniture and vehicles: -€11,177
- Reserves +€53,622
up €53,622 (+63.2%), from €84,808 to €138,430
- Tax, wage and social debts -€29,454
down €29,454 (-86.9%), from €33,908 to €4,454
- Other debts -€5,604
no longer reported in 2024 (was €5,604)
- Gross operating margin +€11,800
up €11,800 (+14.4%), from €81,864 to €93,663
- Financial income +€3,839
up €3,839 (+2333.7%), from €164 to €4,003
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 | €258,986 | €275,344 | +€16,357 | +6.3% |
| Fixed assets | 21/28 | €25,290 | €12,124 | -€13,166 | -52.1% |
| Tangible fixed assets | 22/27 | €25,290 | €12,124 | -€13,166 | -52.1% |
| Plant, machinery and equipment | 23 | €764 | €466 | -€298 | -39.0% |
| Furniture and vehicles | 24 | €19,075 | €7,899 | -€11,177 | -58.6% |
| Other tangible fixed assets | 26 | €5,450 | €3,759 | -€1,692 | -31.0% |
| Current assets | 29/58 | €233,696 | €263,220 | +€29,524 | +12.6% |
| Amounts receivable within one year | 40/41 | €18,524 | €34,703 | +€16,179 | +87.3% |
| Trade receivables | 40 | €18,524 | €28,113 | +€9,589 | +51.8% |
| Other amounts receivable | 41 | - | €6,590 | +€6,590 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €13,179 | €228,205 | +€215,026 | +1631.6% |
| Deferred charges and accrued income | 490/1 | €1,994 | €313 | -€1,682 | -84.3% |
| Total equity and liabilities | 10/49 | €258,986 | €275,344 | +€16,357 | +6.3% |
| Equity | 10/15 | €216,470 | €270,092 | +€53,622 | +24.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,808 | €138,430 | +€53,622 | +63.2% |
| Distributable reserves | 133 | €84,808 | €138,430 | +€53,622 | +63.2% |
| Profit (loss) carried forward | 14 | €126,662 | €126,662 | = | 0.0% |
| Amounts payable | 17/49 | €42,516 | €5,251 | -€37,264 | -87.6% |
| Amounts payable within one year | 42/48 | €42,516 | €5,251 | -€37,264 | -87.6% |
| Trade debts | 44 | €3,003 | €797 | -€2,206 | -73.5% |
| Suppliers | 440/4 | €3,003 | €797 | -€2,206 | -73.5% |
| Taxes, remuneration and social security | 45 | €33,908 | €4,454 | -€29,454 | -86.9% |
| Taxes | 450/3 | €33,908 | €4,454 | -€29,454 | -86.9% |
| Other amounts payable | 47/48 | €5,604 | - | -€5,604 | |
| Non-recurring operating income | 76A | - | €9,428 | +€9,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,721 | €18,118 | +€397 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€295 | -€295 | |
| Other operating charges | 640/8 | €812 | €437 | -€375 | -46.2% |
| Gross operating margin | 9900 | €81,864 | €93,663 | +€11,800 | +14.4% |
| Operating profit (loss) | 9901 | €63,330 | €75,403 | +€12,073 | +19.1% |
| Financial income | 75/76B | €164 | €4,003 | +€3,839 | +2333.7% |
| Recurring financial income | 75 | €164 | €4,003 | +€3,839 | +2333.7% |
| Financial charges | 65/66B | €185 | €207 | +€22 | +12.1% |
| Recurring financial charges | 65 | €185 | €207 | +€22 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €63,310 | €79,199 | +€15,889 | +25.1% |
| Income taxes | 67/77 | €25,558 | €25,577 | +€19 | +0.1% |
| Profit (loss) for the period | 9904 | €37,752 | €53,622 | +€15,870 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,752 | €53,622 | +€15,870 | +42.0% |
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.