NORTIA: 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.
NORTIA
Largest movements
- Cash +€50,737
up €50,737 (+12.0%), from €424,467 to €475,205
mainly Net result for the year (+€93,467) and Depreciation (+€26,653)
- Tangible fixed assets +€27,824
up €27,824 (+4.9%), from €565,016 to €592,840
of which Furniture and vehicles: +€44,080
- Reserves +€93,467
up €93,467 (+27.0%), from €346,023 to €439,490
- Debts after one year -€32,615
down €32,615 (-5.7%), from €570,759 to €538,143
- Other debts +€15,353
up €15,353 (+30.8%), from €49,900 to €65,254
- Depreciation +€9,771
up €9,771 (+57.9%), from €16,882 to €26,653
- Taxes -€9,586
down €9,586 (-17.5%), from €54,789 to €45,203
- Gross operating margin -€8,948
down €8,948 (-4.9%), from €182,056 to €173,108
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 | €1,082,149 | €1,158,688 | +€76,539 | +7.1% |
| Fixed assets | 21/28 | €565,016 | €592,840 | +€27,824 | +4.9% |
| Tangible fixed assets | 22/27 | €565,016 | €592,840 | +€27,824 | +4.9% |
| Land and buildings | 22 | €565,016 | €548,760 | -€16,256 | -2.9% |
| Furniture and vehicles | 24 | €0 | €44,080 | +€44,080 | |
| Current assets | 29/58 | €517,133 | €565,848 | +€48,715 | +9.4% |
| Amounts receivable after more than one year | 29 | €34,000 | €34,000 | = | 0.0% |
| Other amounts receivable | 291 | €34,000 | €34,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,622 | €55,151 | -€3,472 | -5.9% |
| Trade receivables | 40 | €22,483 | €19,705 | -€2,778 | -12.4% |
| Other amounts receivable | 41 | €36,139 | €35,445 | -€694 | -1.9% |
| Cash at bank and in hand | 54/58 | €424,467 | €475,205 | +€50,737 | +12.0% |
| Deferred charges and accrued income | 490/1 | €44 | €1,493 | +€1,449 | +3327.7% |
| Total equity and liabilities | 10/49 | €1,082,149 | €1,158,688 | +€76,539 | +7.1% |
| Equity | 10/15 | €352,223 | €445,690 | +€93,467 | +26.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €346,023 | €439,490 | +€93,467 | +27.0% |
| Distributable reserves | 133 | €346,023 | €439,490 | +€93,467 | +27.0% |
| Amounts payable | 17/49 | €729,927 | €712,998 | -€16,929 | -2.3% |
| Amounts payable after more than one year | 17 | €570,759 | €538,143 | -€32,615 | -5.7% |
| Financial debts | 170/4 | €570,759 | €538,143 | -€32,615 | -5.7% |
| Amounts payable within one year | 42/48 | €159,168 | €173,957 | +€14,789 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €32,205 | €32,615 | +€411 | +1.3% |
| Trade debts | 44 | €2,885 | €1,594 | -€1,291 | -44.7% |
| Suppliers | 440/4 | €2,885 | €1,594 | -€1,291 | -44.7% |
| Taxes, remuneration and social security | 45 | €74,178 | €74,494 | +€316 | +0.4% |
| Taxes | 450/3 | €74,178 | €74,494 | +€316 | +0.4% |
| Other amounts payable | 47/48 | €49,900 | €65,254 | +€15,353 | +30.8% |
| Accrued charges and deferred income | 492/3 | - | €897 | +€897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,882 | €26,653 | +€9,771 | +57.9% |
| Other operating charges | 640/8 | €133 | €489 | +€356 | +267.3% |
| Non-recurring operating charges | 66A | - | €146 | +€146 | |
| Gross operating margin | 9900 | €182,056 | €173,108 | -€8,948 | -4.9% |
| Operating profit (loss) | 9901 | €165,041 | €145,820 | -€19,221 | -11.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -87.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -87.5% |
| Financial charges | 65/66B | €7,577 | €7,149 | -€428 | -5.6% |
| Recurring financial charges | 65 | €7,577 | €7,149 | -€428 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €157,464 | €138,671 | -€18,793 | -11.9% |
| Income taxes | 67/77 | €54,789 | €45,203 | -€9,586 | -17.5% |
| Profit (loss) for the period | 9904 | €102,675 | €93,467 | -€9,207 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,675 | €93,467 | -€9,207 | -9.0% |
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 3 October 2026 via checked.be.