RIF NORE: 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.
RIF NORE
Largest movements
- Cash -€17,581
down €17,581 (-74.7%), from €23,525 to €5,944
mainly Trade debts (-€32,422) and Net result for the year (-€10,865)
- Tangible fixed assets +€4,487
up €4,487 (+127%), from €3,531 to €8,018
- Receivables within one year -€1,792
down €1,792 (-2.6%), from €70,057 to €68,265
of which Trade receivables: -€7,419
- Trade debts -€32,422
down €32,422 (-50.7%), from €63,957 to €31,535
- Tax, wage and social debts +€32,258
up €32,258 (+430%), from €7,509 to €39,767
- Profit (loss) carried forward -€10,865
down €10,865 (-57.1%), from €19,028 to €8,163
- Other debts -€3,107
down €3,107 (-55.3%), from €5,618 to €2,511
- Staff costs +€59,838
up €59,838 (+498%), from €12,011 to €71,848
- Gross operating margin +€32,449
up €32,449 (+93.8%), from €34,602 to €67,052
- Taxes +€3,400
new in 2024: €3,400
- Depreciation +€1,968
up €1,968 (+346%), from €569 to €2,537
- Financial income +€979
new in 2024: €979
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 | €97,112 | €82,977 | -€14,136 | -14.6% |
| Fixed assets | 21/28 | €3,531 | €8,768 | +€5,237 | +148% |
| Tangible fixed assets | 22/27 | €3,531 | €8,018 | +€4,487 | +127% |
| Furniture and vehicles | 24 | €3,531 | €8,018 | +€4,487 | +127% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €93,582 | €74,209 | -€19,373 | -20.7% |
| Amounts receivable within one year | 40/41 | €70,057 | €68,265 | -€1,792 | -2.6% |
| Trade receivables | 40 | €69,365 | €61,947 | -€7,419 | -10.7% |
| Other amounts receivable | 41 | €692 | €6,319 | +€5,627 | +813% |
| Cash at bank and in hand | 54/58 | €23,525 | €5,944 | -€17,581 | -74.7% |
| Total equity and liabilities | 10/49 | €97,112 | €82,977 | -€14,136 | -14.6% |
| Equity | 10/15 | €20,028 | €9,163 | -€10,865 | -54.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,028 | €8,163 | -€10,865 | -57.1% |
| Amounts payable | 17/49 | €77,085 | €73,814 | -€3,271 | -4.2% |
| Amounts payable within one year | 42/48 | €77,085 | €73,814 | -€3,271 | -4.2% |
| Trade debts | 44 | €63,957 | €31,535 | -€32,422 | -50.7% |
| Suppliers | 440/4 | €63,957 | €31,535 | -€32,422 | -50.7% |
| Taxes, remuneration and social security | 45 | €7,509 | €39,767 | +€32,258 | +430% |
| Remuneration and social security | 454/9 | €7,509 | €39,767 | +€32,258 | +430% |
| Other amounts payable | 47/48 | €5,618 | €2,511 | -€3,107 | -55.3% |
| Remuneration, social security and pensions | 62 | €12,011 | €71,848 | +€59,838 | +498% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569 | €2,537 | +€1,968 | +346% |
| Other operating charges | 640/8 | €543 | €961 | +€418 | +77.1% |
| Gross operating margin | 9900 | €34,602 | €67,052 | +€32,449 | +93.8% |
| Operating profit (loss) | 9901 | €21,480 | -€8,295 | -€29,775 | |
| Financial income | 75/76B | - | €979 | +€979 | |
| Recurring financial income | 75 | - | €979 | +€979 | |
| Financial charges | 65/66B | €263 | €148 | -€114 | -43.5% |
| Recurring financial charges | 65 | €263 | €148 | -€114 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €21,217 | -€7,465 | -€28,682 | |
| Income taxes | 67/77 | - | €3,400 | +€3,400 | |
| Profit (loss) for the period | 9904 | €21,217 | -€10,865 | -€32,082 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,217 | -€10,865 | -€32,082 |
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 29 October 2026 via checked.be.