NOURTHY: what changed
NOURTHY
Largest movements
- Deferred charges and accrued income +€21,470
up €21,470 (+2,627%), from €817 to €22,287
- Cash -€17,068
down €17,068 (-27.5%), from €61,989 to €44,921
mainly Contributions, distributions and other (-€85,542) and Deferred charges and accrued income (-€21,470)
- Receivables within one year +€2,207
up €2,207 (+13.8%), from €16,028 to €18,235
of which Trade receivables: +€2,831
- Profit (loss) carried forward -€65,389
down €65,389 (-100%), from €65,389 to €0
- Other debts +€59,120
up €59,120 (+4,347%), from €1,360 to €60,480
- Tax, wage and social debts +€10,297
up €10,297 (+84.6%), from €12,172 to €22,469
of which Taxes: +€8,805
- Trade debts +€3,372
up €3,372 (+282%), from €1,196 to €4,568
- Staff costs +€18,741
up €18,741 (+2,672%), from €701 to €19,443
- Gross operating margin -€3,780
down €3,780 (-6.2%), from €60,920 to €57,140
- Depreciation -€1,900
down €1,900 (-36.0%), from €5,272 to €3,372
- Taxes -€1,629
down €1,629 (-13.8%), from €11,808 to €10,179
- Other operating charges -€1,324
down €1,324 (-29.8%), from €4,436 to €3,112
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,177 | €95,578 | +€7,401 | +8.4% |
| Fixed assets | 21/28 | €9,343 | €10,135 | +€792 | +8.5% |
| Tangible fixed assets | 22/27 | €9,343 | €10,135 | +€792 | +8.5% |
| Plant, machinery and equipment | 23 | - | €2,276 | +€2,276 | |
| Furniture and vehicles | 24 | €5,533 | €4,634 | -€898 | -16.2% |
| Other tangible fixed assets | 26 | €3,810 | €3,225 | -€586 | -15.4% |
| Current assets | 29/58 | €78,834 | €85,443 | +€6,608 | +8.4% |
| Amounts receivable within one year | 40/41 | €16,028 | €18,235 | +€2,207 | +13.8% |
| Trade receivables | 40 | €15,403 | €18,235 | +€2,831 | +18.4% |
| Other amounts receivable | 41 | €625 | €0 | -€625 | -100% |
| Cash at bank and in hand | 54/58 | €61,989 | €44,921 | -€17,068 | -27.5% |
| Deferred charges and accrued income | 490/1 | €817 | €22,287 | +€21,470 | +2,627% |
| Total equity and liabilities | 10/49 | €88,177 | €95,578 | +€7,401 | +8.4% |
| Equity | 10/15 | €73,449 | €8,060 | -€65,389 | -89.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,389 | €0 | -€65,389 | -100% |
| Amounts payable | 17/49 | €14,728 | €87,518 | +€72,790 | +494% |
| Amounts payable within one year | 42/48 | €14,728 | €87,518 | +€72,790 | +494% |
| Trade debts | 44 | €1,196 | €4,568 | +€3,372 | +282% |
| Suppliers | 440/4 | €1,196 | €4,568 | +€3,372 | +282% |
| Taxes, remuneration and social security | 45 | €12,172 | €22,469 | +€10,297 | +84.6% |
| Taxes | 450/3 | €12,172 | €20,977 | +€8,805 | +72.3% |
| Remuneration and social security | 454/9 | - | €1,492 | +€1,492 | |
| Other amounts payable | 47/48 | €1,360 | €60,480 | +€59,120 | +4,347% |
| Remuneration, social security and pensions | 62 | €701 | €19,443 | +€18,741 | +2,672% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,272 | €3,372 | -€1,900 | -36.0% |
| Other operating charges | 640/8 | €4,436 | €3,112 | -€1,324 | -29.8% |
| Gross operating margin | 9900 | €60,920 | €57,140 | -€3,780 | -6.2% |
| Operating profit (loss) | 9901 | €50,511 | €31,214 | -€19,297 | -38.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €180 | €885 | +€704 | +390% |
| Recurring financial charges | 65 | €180 | €885 | +€704 | +390% |
| Profit (loss) for the period before taxes | 9903 | €50,331 | €30,331 | -€20,000 | -39.7% |
| Income taxes | 67/77 | €11,808 | €10,179 | -€1,629 | -13.8% |
| Profit (loss) for the period | 9904 | €38,523 | €20,152 | -€18,371 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,523 | €20,152 | -€18,371 | -47.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.