BOUWONDERNEMING NOTTE JOACHIM: 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.
BOUWONDERNEMING NOTTE JOACHIM
Largest movements
- Tangible fixed assets +€69,999
up €69,999 (+40.1%), from €174,745 to €244,744
of which Leasing and similar rights: +€106,713
- Cash -€69,928
down €69,928 (-51.1%), from €136,784 to €66,856
mainly Investment in fixed assets (net) (-€116,465) and Receivables within one year (-€60,973)
- Receivables within one year +€60,973
up €60,973 (+389%), from €15,674 to €76,647
of which Trade receivables: +€50,698
- Debts after one year +€49,161
up €49,161 (+48.8%), from €100,730 to €149,890
- Reserves -€31,896
down €31,896 (-11.3%), from €283,268 to €251,372
- Trade debts +€28,006
up €28,006 (+116%), from €24,106 to €52,111
- Current portion of long-term debt +€14,043
up €14,043 (+72.8%), from €19,291 to €33,335
- Gross operating margin -€22,863
down €22,863 (-12.7%), from €179,919 to €157,055
- Depreciation +€16,136
up €16,136 (+52.0%), from €31,030 to €47,166
- Taxes -€11,090
down €11,090 (-48.2%), from €22,987 to €11,897
- Financial charges +€7,111
up €7,111 (+121%), from €5,853 to €12,964
- Other operating charges +€4,015
up €4,015 (+146%), from €2,753 to €6,768
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 | €449,861 | €516,930 | +€67,068 | +14.9% |
| Formation expenses | 20 | €1,398 | €698 | -€700 | -50.1% |
| Fixed assets | 21/28 | €174,745 | €244,744 | +€69,999 | +40.1% |
| Tangible fixed assets | 22/27 | €174,745 | €244,744 | +€69,999 | +40.1% |
| Land and buildings | 22 | €49,761 | €43,789 | -€5,972 | -12.0% |
| Plant, machinery and equipment | 23 | €88,878 | €68,708 | -€20,170 | -22.7% |
| Furniture and vehicles | 24 | €36,107 | €25,535 | -€10,571 | -29.3% |
| Leasing and similar rights | 25 | - | €106,713 | +€106,713 | |
| Current assets | 29/58 | €273,718 | €271,487 | -€2,231 | -0.8% |
| Amounts receivable after more than one year | 29 | €85,000 | €85,000 | = | 0.0% |
| Other amounts receivable | 291 | €85,000 | €85,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €26,286 | €28,225 | +€1,939 | +7.4% |
| Stocks | 30/36 | €6,286 | €28,225 | +€21,939 | +349% |
| Contracts in progress | 37 | €20,000 | €0 | -€20,000 | -100% |
| Amounts receivable within one year | 40/41 | €15,674 | €76,647 | +€60,973 | +389% |
| Trade receivables | 40 | €0 | €50,698 | +€50,698 | |
| Other amounts receivable | 41 | €15,674 | €25,948 | +€10,274 | +65.6% |
| Cash at bank and in hand | 54/58 | €136,784 | €66,856 | -€69,928 | -51.1% |
| Deferred charges and accrued income | 490/1 | €9,974 | €14,760 | +€4,786 | +48.0% |
| Total equity and liabilities | 10/49 | €449,861 | €516,930 | +€67,068 | +14.9% |
| Equity | 10/15 | €284,268 | €252,372 | -€31,896 | -11.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €283,268 | €251,372 | -€31,896 | -11.3% |
| Distributable reserves | 133 | €283,268 | €251,372 | -€31,896 | -11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €165,594 | €264,558 | +€98,964 | +59.8% |
| Amounts payable after more than one year | 17 | €100,730 | €149,890 | +€49,161 | +48.8% |
| Financial debts | 170/4 | €100,730 | €149,890 | +€49,161 | +48.8% |
| Amounts payable within one year | 42/48 | €64,864 | €114,667 | +€49,803 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €19,291 | €33,335 | +€14,043 | +72.8% |
| Trade debts | 44 | €24,106 | €52,111 | +€28,006 | +116% |
| Suppliers | 440/4 | €24,106 | €52,111 | +€28,006 | +116% |
| Taxes, remuneration and social security | 45 | €19,462 | €23,976 | +€4,514 | +23.2% |
| Taxes | 450/3 | €19,462 | €23,976 | +€4,514 | +23.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,005 | €5,246 | +€3,241 | +162% |
| Remuneration, social security and pensions | 62 | €56,059 | €56,599 | +€539 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,030 | €47,166 | +€16,136 | +52.0% |
| Other operating charges | 640/8 | €2,753 | €6,768 | +€4,015 | +146% |
| Gross operating margin | 9900 | €179,919 | €157,055 | -€22,863 | -12.7% |
| Operating profit (loss) | 9901 | €90,076 | €46,523 | -€43,553 | -48.4% |
| Financial income | 75/76B | €3,039 | €5,249 | +€2,210 | +72.7% |
| Recurring financial income | 75 | €3,039 | €5,249 | +€2,210 | +72.7% |
| Financial charges | 65/66B | €5,853 | €12,964 | +€7,111 | +121% |
| Recurring financial charges | 65 | €5,853 | €12,964 | +€7,111 | +121% |
| Profit (loss) for the period before taxes | 9903 | €87,262 | €38,808 | -€48,454 | -55.5% |
| Income taxes | 67/77 | €22,987 | €11,897 | -€11,090 | -48.2% |
| Profit (loss) for the period | 9904 | €64,275 | €26,911 | -€37,364 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,275 | €26,911 | -€37,364 | -58.1% |
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 31 October 2026 via checked.be.