NORUSTA: 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.
NORUSTA
Largest movements
- Receivables within one year +€42,464
up €42,464 (+65.7%), from €64,609 to €107,073
of which Other amounts receivable: +€59,934
- Tangible fixed assets -€6,917
down €6,917 (-35.0%), from €19,780 to €12,863
of which Furniture and vehicles: -€3,541
- Deferred charges and accrued income -€6,546
down €6,546 (-7.4%), from €89,005 to €82,458
- Cash -€3,753
down €3,753 (-38.5%), from €9,757 to €6,004
mainly Receivables within one year (-€42,464) and Debts after one year (-€21,704)
- Reserves +€67,694
up €67,694 (+4,213%), from €1,607 to €69,300
- Debts after one year -€21,704
down €21,704 (-100%), from €21,704 to €0
- Tax, wage and social debts -€13,565
down €13,565 (-46.4%), from €29,255 to €15,690
- Current portion of long-term debt +€9,548
up €9,548 (+37.3%), from €25,573 to €35,121
- Trade debts -€9,225
down €9,225 (-43.1%), from €21,412 to €12,187
- Gross operating margin +€27,450
up €27,450 (+36.2%), from €75,838 to €103,288
- Taxes +€7,029
up €7,029 (+38.9%), from €18,068 to €25,097
- Depreciation -€1,964
down €1,964 (-22.1%), from €8,881 to €6,917
- Other operating charges -€1,473
down €1,473 (-64.9%), from €2,272 to €798
- Financial charges +€1,120
up €1,120 (+67.4%), from €1,662 to €2,782
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.
Derived cash bridge
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 | €183,151 | €208,398 | +€25,247 | +13.8% |
| Fixed assets | 21/28 | €19,780 | €12,863 | -€6,917 | -35.0% |
| Tangible fixed assets | 22/27 | €19,780 | €12,863 | -€6,917 | -35.0% |
| Plant, machinery and equipment | 23 | €3,065 | €1,542 | -€1,523 | -49.7% |
| Furniture and vehicles | 24 | €5,299 | €1,759 | -€3,541 | -66.8% |
| Other tangible fixed assets | 26 | €11,416 | €9,563 | -€1,853 | -16.2% |
| Current assets | 29/58 | €163,370 | €195,535 | +€32,165 | +19.7% |
| Amounts receivable within one year | 40/41 | €64,609 | €107,073 | +€42,464 | +65.7% |
| Trade receivables | 40 | €42,470 | €25,000 | -€17,470 | -41.1% |
| Other amounts receivable | 41 | €22,139 | €82,073 | +€59,934 | +271% |
| Cash at bank and in hand | 54/58 | €9,757 | €6,004 | -€3,753 | -38.5% |
| Deferred charges and accrued income | 490/1 | €89,005 | €82,458 | -€6,546 | -7.4% |
| Total equity and liabilities | 10/49 | €183,151 | €208,398 | +€25,247 | +13.8% |
| Equity | 10/15 | €20,207 | €87,900 | +€67,694 | +335% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,607 | €69,300 | +€67,694 | +4,213% |
| Distributable reserves | 133 | €1,607 | €69,300 | +€67,694 | +4,213% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €162,944 | €120,498 | -€42,446 | -26.0% |
| Amounts payable after more than one year | 17 | €21,704 | €0 | -€21,704 | -100% |
| Financial debts | 170/4 | €21,704 | €0 | -€21,704 | -100% |
| Amounts payable within one year | 42/48 | €141,240 | €120,498 | -€20,742 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €25,573 | €35,121 | +€9,548 | +37.3% |
| Trade debts | 44 | €21,412 | €12,187 | -€9,225 | -43.1% |
| Suppliers | 440/4 | €21,412 | €12,187 | -€9,225 | -43.1% |
| Taxes, remuneration and social security | 45 | €29,255 | €15,690 | -€13,565 | -46.4% |
| Taxes | 450/3 | €29,255 | €15,690 | -€13,565 | -46.4% |
| Other amounts payable | 47/48 | €65,000 | €57,500 | -€7,500 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,881 | €6,917 | -€1,964 | -22.1% |
| Other operating charges | 640/8 | €2,272 | €798 | -€1,473 | -64.9% |
| Gross operating margin | 9900 | €75,838 | €103,288 | +€27,450 | +36.2% |
| Operating profit (loss) | 9901 | €64,685 | €95,572 | +€30,888 | +47.8% |
| Financial charges | 65/66B | €1,662 | €2,782 | +€1,120 | +67.4% |
| Recurring financial charges | 65 | €1,662 | €2,782 | +€1,120 | +67.4% |
| Profit (loss) for the period before taxes | 9903 | €63,023 | €92,791 | +€29,768 | +47.2% |
| Income taxes | 67/77 | €18,068 | €25,097 | +€7,029 | +38.9% |
| Profit (loss) for the period | 9904 | €44,954 | €67,694 | +€22,739 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,954 | €67,694 | +€22,739 | +50.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.