Nourtec: 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.
Nourtec
Largest movements
- Current investments -€79,849
down €79,849 (-84.0%), from €95,077 to €15,228
- Tangible fixed assets +€55,572
new in 2025: €55,572
- Stocks and contracts +€22,092
up €22,092 (+728%), from €3,034 to €25,126
- Cash +€9,389
up €9,389 (+310%), from €3,027 to €12,416
mainly Current investments (+€79,849) and Depreciation (+€13,703)
- Receivables within one year +€8,322
up €8,322 (+98.8%), from €8,422 to €16,744
of which Trade receivables: +€9,437
- Tax, wage and social debts +€10,366
up €10,366 (+291%), from €3,565 to €13,931
- Reserves +€9,110
up €9,110 (+11.2%), from €81,538 to €90,648
- Trade debts -€3,286
down €3,286 (-89.0%), from €3,692 to €406
- Depreciation +€13,703
new in 2025: €13,703
- Taxes -€2,533
down €2,533 (-36.9%), from €6,867 to €4,334
- Gross operating margin +€785
up €785 (+2.9%), from €27,100 to €27,884
- Other operating charges +€712
new in 2025: €712
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 | €110,070 | €125,241 | +€15,171 | +13.8% |
| Fixed assets | 21/28 | - | €55,572 | +€55,572 | |
| Tangible fixed assets | 22/27 | - | €55,572 | +€55,572 | |
| Furniture and vehicles | 24 | - | €55,572 | +€55,572 | |
| Current assets | 29/58 | €110,070 | €69,669 | -€40,401 | -36.7% |
| Stocks and contracts in progress | 3 | €3,034 | €25,126 | +€22,092 | +728% |
| Stocks | 30/36 | €3,034 | €25,126 | +€22,092 | +728% |
| Amounts receivable within one year | 40/41 | €8,422 | €16,744 | +€8,322 | +98.8% |
| Trade receivables | 40 | €7,270 | €16,707 | +€9,437 | +130% |
| Other amounts receivable | 41 | €1,152 | €37 | -€1,115 | -96.8% |
| Current investments | 50/53 | €95,077 | €15,228 | -€79,849 | -84.0% |
| Cash at bank and in hand | 54/58 | €3,027 | €12,416 | +€9,389 | +310% |
| Deferred charges and accrued income | 490/1 | €510 | €155 | -€354 | -69.5% |
| Total equity and liabilities | 10/49 | €110,070 | €125,241 | +€15,171 | +13.8% |
| Equity | 10/15 | €100,088 | €109,198 | +€9,110 | +9.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €81,538 | €90,648 | +€9,110 | +11.2% |
| Distributable reserves | 133 | €81,538 | €90,648 | +€9,110 | +11.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €9,982 | €16,043 | +€6,061 | +60.7% |
| Amounts payable within one year | 42/48 | €9,982 | €16,043 | +€6,061 | +60.7% |
| Financial debts | 43 | €2,629 | €1,706 | -€922 | -35.1% |
| Credit institutions | 430/8 | €2,629 | €1,706 | -€922 | -35.1% |
| Trade debts | 44 | €3,692 | €406 | -€3,286 | -89.0% |
| Suppliers | 440/4 | €3,692 | €406 | -€3,286 | -89.0% |
| Taxes, remuneration and social security | 45 | €3,565 | €13,931 | +€10,366 | +291% |
| Taxes | 450/3 | €3,565 | €13,931 | +€10,366 | +291% |
| Other amounts payable | 47/48 | €96 | €0 | -€96 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,703 | +€13,703 | |
| Other operating charges | 640/8 | - | €712 | +€712 | |
| Gross operating margin | 9900 | €27,100 | €27,884 | +€785 | +2.9% |
| Operating profit (loss) | 9901 | €27,100 | €13,469 | -€13,630 | -50.3% |
| Financial income | 75/76B | €80 | €23 | -€57 | -71.0% |
| Recurring financial income | 75 | €80 | €23 | -€57 | -71.0% |
| Financial charges | 65/66B | €100 | €48 | -€52 | -51.7% |
| Recurring financial charges | 65 | €100 | €48 | -€52 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €27,079 | €13,444 | -€13,635 | -50.4% |
| Income taxes | 67/77 | €6,867 | €4,334 | -€2,533 | -36.9% |
| Profit (loss) for the period | 9904 | €20,213 | €9,110 | -€11,102 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,213 | €9,110 | -€11,102 | -54.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.