DE NOTEBOOM: 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.
DE NOTEBOOM
Largest movements
- Cash -€5.6m
down €5.6m (-89.6%), from €6.3m to €654,822
mainly Contributions, distributions and other (-€4.6m) and Debts after one year (-€4.6m)
- Receivables within one year -€4.4m
down €4.4m (-93.7%), from €4.6m to €291,032
of which Other amounts receivable: -€4.5m
- Debts after one year -€4.6m
down €4.6m (-38.8%), from €11.8m to €7.2m
- Other debts -€4.4m
no longer reported in 2025 (was €4.4m)
- Profit (loss) carried forward -€923,386
down €923,386 (-14.3%), from €6.5m to €5.6m
- Tax, wage and social debts -€331,461
down €331,461 (-93.9%), from €352,879 to €21,419
- Financial income -€8.0m
down €8.0m (-69.5%), from €11.5m to €3.5m
- Gross operating margin -€1.3m
down €1.3m (-73.2%), from €1.8m to €474,413
- Taxes -€276,016
down €276,016 (-76.7%), from €359,712 to €83,696
- Financial charges -€175,726
down €175,726 (-49.3%), from €356,678 to €180,953
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 | €27,996,573 | €18,011,300 | -€10.0m | -35.7% |
| Fixed assets | 21/28 | €16,411,650 | €16,411,650 | = | 0.0% |
| Financial fixed assets | 28 | €16,411,650 | €16,411,650 | = | 0.0% |
| Current assets | 29/58 | €11,584,923 | €1,599,650 | -€10.0m | -86.2% |
| Stocks and contracts in progress | 3 | €653,796 | €653,796 | = | 0.0% |
| Contracts in progress | 37 | €653,796 | €653,796 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,645,050 | €291,032 | -€4.4m | -93.7% |
| Trade receivables | 40 | €127,050 | €229,900 | +€102,850 | +81.0% |
| Other amounts receivable | 41 | €4,518,000 | €61,132 | -€4.5m | -98.6% |
| Cash at bank and in hand | 54/58 | €6,286,077 | €654,822 | -€5.6m | -89.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €27,996,573 | €18,011,300 | -€10.0m | -35.7% |
| Equity | 10/15 | €11,329,291 | €10,405,904 | -€923,386 | -8.2% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €1,851,307 | €1,851,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,203 | €100,203 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100,203 | €100,203 | = | 0.0% |
| Distributable reserves | 133 | €1,751,104 | €1,751,104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,477,984 | €5,554,597 | -€923,386 | -14.3% |
| Amounts payable | 17/49 | €16,667,282 | €7,605,396 | -€9.1m | -54.4% |
| Amounts payable after more than one year | 17 | €11,829,000 | €7,240,000 | -€4.6m | -38.8% |
| Financial debts | 170/4 | €11,829,000 | €7,240,000 | -€4.6m | -38.8% |
| Amounts payable within one year | 42/48 | €4,838,282 | €206,151 | -€4.6m | -95.7% |
| Trade debts | 44 | €85,403 | €184,733 | +€99,330 | +116% |
| Suppliers | 440/4 | €85,403 | €184,733 | +€99,330 | +116% |
| Taxes, remuneration and social security | 45 | €352,879 | €21,419 | -€331,461 | -93.9% |
| Taxes | 450/3 | €352,879 | €21,419 | -€331,461 | -93.9% |
| Other amounts payable | 47/48 | €4,400,000 | - | -€4.4m | |
| Accrued charges and deferred income | 492/3 | €0 | €159,244 | +€159,244 | |
| Other operating charges | 640/8 | €1,101 | €1,771 | +€670 | +60.9% |
| Gross operating margin | 9900 | €1,770,482 | €474,413 | -€1.3m | -73.2% |
| Operating profit (loss) | 9901 | €1,769,382 | €472,642 | -€1.3m | -73.3% |
| Financial income | 75/76B | €11,524,992 | €3,518,332 | -€8.0m | -69.5% |
| Recurring financial income | 75 | €11,524,992 | €3,518,332 | -€8.0m | -69.5% |
| Financial charges | 65/66B | €356,678 | €180,953 | -€175,726 | -49.3% |
| Recurring financial charges | 65 | €356,678 | €180,953 | -€175,726 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €12,937,695 | €3,810,022 | -€9.1m | -70.6% |
| Income taxes | 67/77 | €359,712 | €83,696 | -€276,016 | -76.7% |
| Profit (loss) for the period | 9904 | €12,577,984 | €3,726,326 | -€8.9m | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,577,984 | €3,726,326 | -€8.9m | -70.4% |
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 27 October 2026 via checked.be.