NORWEST: 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.
NORWEST
Largest movements
- Receivables within one year -€125,651
down €125,651 (-72.9%), from €172,467 to €46,816
of which Other amounts receivable: -€125,500
- Cash +€93,680
new in 2024: €93,680
mainly Receivables within one year (+€125,651) and Current investments (+€84,486)
- Current investments -€84,486
no longer reported in 2024 (was €84,486)
- Debts within one year -€89,826
down €89,826 (-49.3%), from €182,089 to €92,263
of which Tax, wage and social debts: -€101,253
- Accrued charges and deferred income -€44,033
down €44,033 (-85.4%), from €51,533 to €7,500
- Profit (loss) carried forward +€19,451
up €19,451 (+75.1%), from €25,914 to €45,365
- Gross operating margin -€482,829
down €482,829 (-68.2%), from €707,576 to €224,747
- Staff costs -€441,662
down €441,662 (-68.3%), from €646,729 to €205,067
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 | €265,507 | €151,099 | -€114,408 | -43.1% |
| Fixed assets | 21/28 | €5,970 | €5,970 | = | 0.0% |
| Financial fixed assets | 28 | €5,970 | €5,970 | = | 0.0% |
| Current assets | 29/58 | €259,537 | €145,129 | -€114,408 | -44.1% |
| Amounts receivable within one year | 40/41 | €172,467 | €46,816 | -€125,651 | -72.9% |
| Trade receivables | 40 | €1,501 | €1,350 | -€151 | -10.1% |
| Other amounts receivable | 41 | €170,966 | €45,466 | -€125,500 | -73.4% |
| Current investments | 50/53 | €84,486 | - | -€84,486 | |
| Cash at bank and in hand | 54/58 | - | €93,680 | +€93,680 | |
| Deferred charges and accrued income | 490/1 | €2,584 | €4,633 | +€2,049 | +79.3% |
| Total equity and liabilities | 10/49 | €265,507 | €151,099 | -€114,408 | -43.1% |
| Equity | 10/15 | €31,885 | €51,336 | +€19,451 | +61.0% |
| Contributions | 10/11 | €5,971 | €5,971 | = | 0.0% |
| Capital | 10 | €5,971 | €5,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,914 | €45,365 | +€19,451 | +75.1% |
| Amounts payable | 17/49 | €233,622 | €99,763 | -€133,859 | -57.3% |
| Amounts payable within one year | 42/48 | €182,089 | €92,263 | -€89,826 | -49.3% |
| Trade debts | 44 | €7,275 | €9,552 | +€2,277 | +31.3% |
| Suppliers | 440/4 | €7,275 | €9,552 | +€2,277 | +31.3% |
| Taxes, remuneration and social security | 45 | €127,814 | €26,561 | -€101,253 | -79.2% |
| Taxes | 450/3 | €33,752 | €3,639 | -€30,113 | -89.2% |
| Remuneration and social security | 454/9 | €94,062 | €22,922 | -€71,140 | -75.6% |
| Accrued charges and deferred income | 492/3 | €51,533 | €7,500 | -€44,033 | -85.4% |
| Turnover | 70 | €3,721 | €3,730 | +€9 | +0.2% |
| Membership fees, donations, legacies and grants | 73 | €784,660 | €298,999 | -€485,661 | -61.9% |
| Non-recurring operating income | 76A | €3,207 | €1 | -€3,206 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,854 | €92,947 | -€907 | -1.0% |
| Remuneration, social security and pensions | 62 | €646,729 | €205,067 | -€441,662 | -68.3% |
| Non-recurring operating charges | 66A | €3,006 | €119 | -€2,887 | -96.0% |
| Gross operating margin | 9900 | €707,576 | €224,747 | -€482,829 | -68.2% |
| Operating profit (loss) | 9901 | €57,841 | €19,561 | -€38,280 | -66.2% |
| Financial charges | 65/66B | €148 | €110 | -€38 | -25.7% |
| Recurring financial charges | 65 | €148 | €110 | -€38 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €57,693 | €19,451 | -€38,242 | -66.3% |
| Profit (loss) for the period | 9904 | €57,693 | €19,451 | -€38,242 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,693 | €19,451 | -€38,242 | -66.3% |
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 19 October 2026 via checked.be.