Northpole: 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.
Northpole
Largest movements
- Receivables within one year +€40,003
up €40,003 (+191.7%), from €20,871 to €60,874
of which Other amounts receivable: +€30,472
- Cash +€34,853
up €34,853 (+105.1%), from €33,151 to €68,004
mainly Net result for the year (+€59,606) and Tax, wage and social debts (+€16,443)
- Stocks and contracts -€6,464
no longer reported in 2025 (was €6,464)
- Tangible fixed assets -€6,329
down €6,329 (-19.6%), from €32,358 to €26,029
of which Furniture and vehicles: -€7,573
- Current investments +€6,163
up €6,163 (+28.3%), from €21,770 to €27,934
- Reserves +€59,606
up €59,606 (+83.1%), from €71,684 to €131,290
- Tax, wage and social debts +€16,443
up €16,443 (+53.9%), from €30,497 to €46,940
- Trade debts -€5,212
down €5,212 (-81.2%), from €6,423 to €1,211
- Gross operating margin -€11,003
down €11,003 (-11.6%), from €94,983 to €83,980
- Depreciation +€3,053
up €3,053 (+67.2%), from €4,541 to €7,594
- Taxes -€2,186
down €2,186 (-12.0%), from €18,200 to €16,014
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.
Cash bridge derived
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 | €114,615 | €182,841 | +€68,226 | +59.5% |
| Fixed assets | 21/28 | €32,358 | €26,029 | -€6,329 | -19.6% |
| Tangible fixed assets | 22/27 | €32,358 | €26,029 | -€6,329 | -19.6% |
| Furniture and vehicles | 24 | €32,358 | €24,785 | -€7,573 | -23.4% |
| Other tangible fixed assets | 26 | - | €1,244 | +€1,244 | |
| Current assets | 29/58 | €82,257 | €156,812 | +€74,555 | +90.6% |
| Stocks and contracts in progress | 3 | €6,464 | - | -€6,464 | |
| Stocks | 30/36 | €6,464 | - | -€6,464 | |
| Amounts receivable within one year | 40/41 | €20,871 | €60,874 | +€40,003 | +191.7% |
| Trade receivables | 40 | €20,871 | €30,403 | +€9,531 | +45.7% |
| Other amounts receivable | 41 | - | €30,472 | +€30,472 | |
| Current investments | 50/53 | €21,770 | €27,934 | +€6,163 | +28.3% |
| Cash at bank and in hand | 54/58 | €33,151 | €68,004 | +€34,853 | +105.1% |
| Total equity and liabilities | 10/49 | €114,615 | €182,841 | +€68,226 | +59.5% |
| Equity | 10/15 | €74,184 | €133,790 | +€59,606 | +80.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €71,684 | €131,290 | +€59,606 | +83.1% |
| Distributable reserves | 133 | €71,684 | €131,290 | +€59,606 | +83.1% |
| Amounts payable | 17/49 | €40,431 | €49,051 | +€8,620 | +21.3% |
| Amounts payable within one year | 42/48 | €38,686 | €49,051 | +€10,366 | +26.8% |
| Trade debts | 44 | €6,423 | €1,211 | -€5,212 | -81.2% |
| Suppliers | 440/4 | €6,423 | €1,211 | -€5,212 | -81.2% |
| Taxes, remuneration and social security | 45 | €30,497 | €46,940 | +€16,443 | +53.9% |
| Taxes | 450/3 | €30,497 | €46,940 | +€16,443 | +53.9% |
| Other amounts payable | 47/48 | €1,766 | €901 | -€865 | -49.0% |
| Accrued charges and deferred income | 492/3 | €1,745 | - | -€1,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,541 | €7,594 | +€3,053 | +67.2% |
| Other operating charges | 640/8 | €497 | €969 | +€471 | +94.8% |
| Gross operating margin | 9900 | €94,983 | €83,980 | -€11,003 | -11.6% |
| Operating profit (loss) | 9901 | €89,945 | €75,417 | -€14,528 | -16.2% |
| Financial income | 75/76B | - | €472 | +€472 | |
| Recurring financial income | 75 | - | €472 | +€472 | |
| Financial charges | 65/66B | €60 | €270 | +€209 | +346.6% |
| Recurring financial charges | 65 | €60 | €270 | +€209 | +346.6% |
| Profit (loss) for the period before taxes | 9903 | €89,884 | €75,619 | -€14,265 | -15.9% |
| Income taxes | 67/77 | €18,200 | €16,014 | -€2,186 | -12.0% |
| Profit (loss) for the period | 9904 | €71,684 | €59,606 | -€12,079 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,684 | €59,606 | -€12,079 | -16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.