ONE NOORD: 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.
ONE NOORD
Largest movements
- Receivables within one year -€18,147
down €18,147 (-78.8%), from €23,026 to €4,879
of which Trade receivables: -€9,655
- Cash -€2,784
down €2,784 (-86.7%), from €3,211 to €426
mainly Net result for the year (-€96,318) and Current portion of long-term debt (-€19,633)
- Profit (loss) carried forward -€96,318
down €96,318 (-6.6%), from -€1.5m to -€1.6m
- Other debts +€89,729
up €89,729 (+8.6%), from €1.0m to €1.1m
- Accrued charges and deferred income +€22,661
new in 2025: €22,661
- Current portion of long-term debt -€19,633
down €19,633 (-100%), from €19,633 to €0
- Trade debts -€15,285
down €15,285 (-87.1%), from €17,539 to €2,254
- Financial charges +€31,632
up €31,632 (+177%), from €17,861 to €49,493
of which Financial charges: +€31,632
- Gross operating margin +€6,634
up €6,634 (+15.5%), from -€42,926 to -€36,292
- Other operating charges +€4,410
up €4,410 (+77.7%), from €5,673 to €10,083
- Staff costs +€2,050
up €2,050, from -€2,050 to €0
- Taxes +€449
up €449, from €0 to €449
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 | €26,237 | €5,306 | -€20,931 | -79.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €26,237 | €5,306 | -€20,931 | -79.8% |
| Amounts receivable within one year | 40/41 | €23,026 | €4,879 | -€18,147 | -78.8% |
| Trade receivables | 40 | €9,655 | €0 | -€9,655 | -100% |
| Other amounts receivable | 41 | €13,371 | €4,879 | -€8,492 | -63.5% |
| Cash at bank and in hand | 54/58 | €3,211 | €426 | -€2,784 | -86.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €26,237 | €5,306 | -€20,931 | -79.8% |
| Equity | 10/15 | -€1,051,763 | -€1,148,081 | -€96,318 | -9.2% |
| Contributions | 10/11 | €402,000 | €402,000 | = | 0.0% |
| Capital | 10 | €402,000 | €402,000 | = | 0.0% |
| Issued capital | 100 | €402,000 | €402,000 | = | 0.0% |
| Reserves | 13 | €3,196 | €3,196 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,196 | €3,196 | = | 0.0% |
| Legal reserve | 130 | €3,196 | €3,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,456,959 | -€1,553,276 | -€96,318 | -6.6% |
| Amounts payable | 17/49 | €1,078,000 | €1,153,386 | +€75,386 | +7.0% |
| Amounts payable after more than one year | 17 | €3,324 | €0 | -€3,324 | -100% |
| Financial debts | 170/4 | €3,324 | €0 | -€3,324 | -100% |
| Amounts payable within one year | 42/48 | €1,074,676 | €1,130,725 | +€56,049 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €19,633 | €0 | -€19,633 | -100% |
| Trade debts | 44 | €17,539 | €2,254 | -€15,285 | -87.1% |
| Suppliers | 440/4 | €17,539 | €2,254 | -€15,285 | -87.1% |
| Taxes, remuneration and social security | 45 | €0 | €1,238 | +€1,238 | |
| Taxes | 450/3 | €0 | €1,238 | +€1,238 | |
| Other amounts payable | 47/48 | €1,037,504 | €1,127,233 | +€89,729 | +8.6% |
| Accrued charges and deferred income | 492/3 | - | €22,661 | +€22,661 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€2,050 | €0 | +€2,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €5,673 | €10,083 | +€4,410 | +77.7% |
| Non-recurring operating charges | 66A | €191,978 | €0 | -€191,978 | -100% |
| Gross operating margin | 9900 | -€42,926 | -€36,292 | +€6,634 | +15.5% |
| Operating profit (loss) | 9901 | -€238,528 | -€46,375 | +€192,153 | +80.6% |
| Financial charges | 65/66B | €17,861 | €49,493 | +€31,632 | +177% |
| Recurring financial charges | 65 | €17,861 | €49,493 | +€31,632 | +177% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€256,389 | -€95,869 | +€160,520 | +62.6% |
| Income taxes | 67/77 | €0 | €449 | +€449 | |
| Profit (loss) for the period | 9904 | -€256,389 | -€96,318 | +€160,071 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€256,389 | -€96,318 | +€160,071 | +62.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.