NORVIK: 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.
NORVIK
Largest movements
- Tangible fixed assets +€266,184
up €266,184 (+50.5%), from €527,519 to €793,703
of which Land and buildings: +€219,771
- Cash -€114,046
down €114,046 (-89.2%), from €127,789 to €13,743
mainly Investment in fixed assets (net) (-€312,496) and Debts after one year (-€41,416)
- Receivables within one year -€16,871
down €16,871 (-23.6%), from €71,379 to €54,508
of which Trade receivables: -€27,867
- Other debts +€107,294
up €107,294 (+20.5%), from €523,769 to €631,063
- Profit (loss) carried forward +€78,902
up €78,902, from -€12,338 to €66,564
- Debts after one year -€41,416
down €41,416 (-41.1%), from €100,653 to €59,237
- Current portion of long-term debt -€10,628
down €10,628 (-51.6%), from €20,592 to €9,964
- Gross operating margin +€119,722
up €119,722 (+618.0%), from €19,371 to €139,093
- Depreciation +€10,891
up €10,891 (+30.7%), from €35,421 to €46,312
- Other operating charges +€5,365
up €5,365 (+44.8%), from €11,978 to €17,343
- Financial charges -€1,551
down €1,551 (-25.8%), from €6,011 to €4,460
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 | €733,589 | €863,394 | +€129,805 | +17.7% |
| Fixed assets | 21/28 | €527,519 | €793,703 | +€266,184 | +50.5% |
| Tangible fixed assets | 22/27 | €527,519 | €793,703 | +€266,184 | +50.5% |
| Land and buildings | 22 | €327,683 | €547,454 | +€219,771 | +67.1% |
| Furniture and vehicles | 24 | €5,991 | €67,082 | +€61,091 | +1019.7% |
| Other tangible fixed assets | 26 | €193,845 | €179,167 | -€14,678 | -7.6% |
| Current assets | 29/58 | €206,070 | €69,691 | -€136,379 | -66.2% |
| Stocks and contracts in progress | 3 | €6,902 | €1,440 | -€5,462 | -79.1% |
| Stocks | 30/36 | €6,902 | €1,440 | -€5,462 | -79.1% |
| Amounts receivable within one year | 40/41 | €71,379 | €54,508 | -€16,871 | -23.6% |
| Trade receivables | 40 | €67,148 | €39,281 | -€27,867 | -41.5% |
| Other amounts receivable | 41 | €4,231 | €15,227 | +€10,996 | +259.9% |
| Cash at bank and in hand | 54/58 | €127,789 | €13,743 | -€114,046 | -89.2% |
| Total equity and liabilities | 10/49 | €733,589 | €863,394 | +€129,805 | +17.7% |
| Equity | 10/15 | €61,350 | €134,309 | +€72,959 | +118.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €55,096 | €49,153 | -€5,943 | -10.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,237 | €47,294 | -€5,943 | -11.2% |
| Profit (loss) carried forward | 14 | -€12,338 | €66,564 | +€78,902 | |
| Provisions and deferred taxes | 16 | €17,746 | €15,765 | -€1,981 | -11.2% |
| Deferred taxes | 168 | €17,746 | €15,765 | -€1,981 | -11.2% |
| Amounts payable | 17/49 | €654,493 | €713,320 | +€58,827 | +9.0% |
| Amounts payable after more than one year | 17 | €100,653 | €59,237 | -€41,416 | -41.1% |
| Financial debts | 170/4 | €100,653 | €59,237 | -€41,416 | -41.1% |
| Amounts payable within one year | 42/48 | €549,040 | €649,283 | +€100,243 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €20,592 | €9,964 | -€10,628 | -51.6% |
| Trade debts | 44 | €4,679 | €7,239 | +€2,560 | +54.7% |
| Suppliers | 440/4 | €4,679 | €7,239 | +€2,560 | +54.7% |
| Taxes, remuneration and social security | 45 | - | €1,017 | +€1,017 | |
| Taxes | 450/3 | - | €1,017 | +€1,017 | |
| Other amounts payable | 47/48 | €523,769 | €631,063 | +€107,294 | +20.5% |
| Accrued charges and deferred income | 492/3 | €4,800 | €4,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,421 | €46,312 | +€10,891 | +30.7% |
| Other operating charges | 640/8 | €11,978 | €17,343 | +€5,365 | +44.8% |
| Gross operating margin | 9900 | €19,371 | €139,093 | +€119,722 | +618.0% |
| Operating profit (loss) | 9901 | -€28,028 | €75,438 | +€103,466 | |
| Financial charges | 65/66B | €6,011 | €4,460 | -€1,551 | -25.8% |
| Recurring financial charges | 65 | €6,011 | €4,460 | -€1,551 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,039 | €70,978 | +€105,017 | |
| Transfer from deferred taxes | 780 | €1,981 | €1,981 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€32,058 | €72,959 | +€105,017 | |
| Transfer from tax-exempt reserves | 789 | €5,943 | €5,943 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,115 | €78,902 | +€105,017 |
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 29 September 2026 via checked.be.