NORTHWEST - ORIENT: 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.
NORTHWEST - ORIENT
Largest movements
- Cash +€39,783
up €39,783 (+1,217%), from €3,269 to €43,052
mainly Net result for the year (+€50,219) and Receivables within one year (+€31,721)
- Receivables within one year -€31,721
down €31,721 (-54.9%), from €57,813 to €26,092
- Tangible fixed assets -€16,089
down €16,089 (-6.8%), from €235,204 to €219,115
- Debts after one year -€13,210
down €13,210 (-7.1%), from €186,172 to €172,962
- Reserves +€11,248
up €11,248 (+3.4%), from €331,905 to €343,153
of which Distributable reserves: +€11,248
- Financial income +€14,987
up €14,987 (+37.5%), from €39,953 to €54,940
- Taxes +€1,579
up €1,579 (+41.4%), from €3,812 to €5,392
- Depreciation +€1,194
up €1,194 (+8.0%), from €14,895 to €16,089
- Gross operating margin +€505
up €505 (+2.2%), from €22,806 to €23,311
- Other operating charges -€314
down €314 (-11.3%), from €2,783 to €2,469
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 | €595,934 | €587,907 | -€8,027 | -1.3% |
| Fixed assets | 21/28 | €534,852 | €518,762 | -€16,089 | -3.0% |
| Tangible fixed assets | 22/27 | €235,204 | €219,115 | -€16,089 | -6.8% |
| Land and buildings | 22 | €235,204 | €219,115 | -€16,089 | -6.8% |
| Financial fixed assets | 28 | €299,647 | €299,647 | = | 0.0% |
| Current assets | 29/58 | €61,082 | €69,144 | +€8,062 | +13.2% |
| Amounts receivable within one year | 40/41 | €57,813 | €26,092 | -€31,721 | -54.9% |
| Other amounts receivable | 41 | €57,813 | €26,092 | -€31,721 | -54.9% |
| Cash at bank and in hand | 54/58 | €3,269 | €43,052 | +€39,783 | +1,217% |
| Total equity and liabilities | 10/49 | €595,934 | €587,907 | -€8,027 | -1.3% |
| Equity | 10/15 | €350,505 | €361,753 | +€11,248 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,905 | €343,153 | +€11,248 | +3.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €330,045 | €341,293 | +€11,248 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €245,429 | €226,154 | -€19,275 | -7.9% |
| Amounts payable after more than one year | 17 | €186,172 | €172,962 | -€13,210 | -7.1% |
| Financial debts | 170/4 | €186,172 | €172,962 | -€13,210 | -7.1% |
| Amounts payable within one year | 42/48 | €59,257 | €53,191 | -€6,066 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €17,673 | €13,210 | -€4,464 | -25.3% |
| Trade debts | 44 | €174 | €175 | +€0 | +0.2% |
| Suppliers | 440/4 | €174 | €175 | +€0 | +0.2% |
| Taxes, remuneration and social security | 45 | €7,204 | €2,339 | -€4,865 | -67.5% |
| Taxes | 450/3 | €7,204 | €2,339 | -€4,865 | -67.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,205 | €37,468 | +€3,263 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,895 | €16,089 | +€1,194 | +8.0% |
| Other operating charges | 640/8 | €2,783 | €2,469 | -€314 | -11.3% |
| Gross operating margin | 9900 | €22,806 | €23,311 | +€505 | +2.2% |
| Operating profit (loss) | 9901 | €5,129 | €4,753 | -€375 | -7.3% |
| Financial income | 75/76B | €39,953 | €54,940 | +€14,987 | +37.5% |
| Recurring financial income | 75 | €39,953 | €54,940 | +€14,987 | +37.5% |
| Financial charges | 65/66B | €4,335 | €4,084 | -€252 | -5.8% |
| Recurring financial charges | 65 | €4,335 | €4,084 | -€252 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €40,747 | €55,610 | +€14,864 | +36.5% |
| Income taxes | 67/77 | €3,812 | €5,392 | +€1,579 | +41.4% |
| Profit (loss) for the period | 9904 | €36,934 | €50,219 | +€13,284 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,934 | €50,219 | +€13,284 | +36.0% |
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.