DE NOTEKRAKER: 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.
What changed
DE NOTEKRAKER
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €684,849+€321,265
Equity
€2.3m
2024 · €1.4m+€931,113
Cash
€558,791
2024 · €590,107-€31,316
Balance sheet total
€3.9m
2024 · €2.6m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€662,235
up €662,235 (+95.5%), from €693,377 to €1.4m
of which Other tangible fixed assets: +€499,393
- Stocks and contracts +€573,231
up €573,231 (+98.6%), from €581,240 to €1.2m
- Receivables within one year +€80,517
up €80,517 (+11.3%), from €712,530 to €793,047
of which Other amounts receivable: +€66,912
Equity and liabilities
- Reserves +€931,113
up €931,113 (+156%), from €596,311 to €1.5m
of which Tax-exempt reserves: +€622,500
- Provisions +€207,500
new in 2025: €207,500
- Debts after one year +€181,520
up €181,520, from €0 to €181,520
- Trade debts -€67,364
down €67,364 (-6.7%), from €1.0m to €942,696
- Tax, wage and social debts +€64,363
up €64,363 (+101%), from €63,631 to €127,994
of which Remuneration and social security: +€51,901
Income statement
- Staff costs -€372,529
down €372,529 (-35.3%), from €1.1m to €681,595
- Taxes -€128,302
down €128,302 (-66.2%), from €193,715 to €65,413
- Depreciation +€46,065
up €46,065 (+48.1%), from €95,753 to €141,819
- Gross operating margin +€40,651
up €40,651 (+1.9%), from €2.1m to €2.2m
- Other operating charges -€24,386
down €24,386 (-75.1%), from €32,455 to €8,069
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.
Result 2024
€684,849
Gross operating margin
+€40,651
Staff costs
+€372,529
Depreciation
-€46,065
Write-downs
+€10,127
Other operating charges
+€24,386
Other operating items
-€25,248
Financial income
+€6,579
Financial charges
+€17,504
Taxes
+€128,302
Deferred taxes and other
-€207,500
Result 2025
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€639,698
Investment
-€804,054
Financing
+€133,040
Cash 2024
€590,107
From operations (derived)
+€639,698
Net result for the year
+€1.0m
Depreciation
+€141,819
Stocks and contracts
-€573,231
Receivables within one year
-€80,517
Deferred charges and accrued income
+€2,906
Provisions
+€207,500
Trade debts
-€67,364
Tax, wage and social debts
+€64,363
Other debts
-€60,000
Accrued charges and deferred income
-€1,891
Investment (derived)
-€804,054
Investment in fixed assets (net)
-€804,054
Financing
+€133,040
Debts after one year
+€181,520
Current portion of long-term debt
+€26,520
Contributions, distributions and other
-€75,000
Cash 2025
€558,791
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,580,632 | €3,862,394 | +€1.3m | +49.7% |
| Fixed assets | 21/28 | €693,502 | €1,355,738 | +€662,235 | +95.5% |
| Tangible fixed assets | 22/27 | €693,377 | €1,355,613 | +€662,235 | +95.5% |
| Land and buildings | 22 | €61,331 | €0 | -€61,331 | -100% |
| Plant, machinery and equipment | 23 | €437,155 | €563,605 | +€126,451 | +28.9% |
| Furniture and vehicles | 24 | €54,930 | €73,196 | +€18,266 | +33.3% |
| Leasing and similar rights | 25 | €0 | €79,456 | +€79,456 | |
| Other tangible fixed assets | 26 | €139,962 | €639,355 | +€499,393 | +357% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €1,887,130 | €2,506,656 | +€619,526 | +32.8% |
| Stocks and contracts in progress | 3 | €581,240 | €1,154,471 | +€573,231 | +98.6% |
| Stocks | 30/36 | €581,240 | €1,154,471 | +€573,231 | +98.6% |
| Amounts receivable within one year | 40/41 | €712,530 | €793,047 | +€80,517 | +11.3% |
| Trade receivables | 40 | €669,593 | €683,199 | +€13,605 | +2.0% |
| Other amounts receivable | 41 | €42,936 | €109,848 | +€66,912 | +156% |
| Cash at bank and in hand | 54/58 | €590,107 | €558,791 | -€31,316 | -5.3% |
| Deferred charges and accrued income | 490/1 | €3,253 | €347 | -€2,906 | -89.3% |
| Total equity and liabilities | 10/49 | €2,580,632 | €3,862,394 | +€1.3m | +49.7% |
| Equity | 10/15 | €1,360,711 | €2,291,824 | +€931,113 | +68.4% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €596,311 | €1,527,424 | +€931,113 | +156% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €641,250 | +€622,500 | +3,320% |
| Distributable reserves | 133 | €577,561 | €886,174 | +€308,613 | +53.4% |
| Profit (loss) carried forward | 14 | €690,000 | €690,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €207,500 | +€207,500 | |
| Deferred taxes | 168 | - | €207,500 | +€207,500 | |
| Amounts payable | 17/49 | €1,219,922 | €1,363,070 | +€143,148 | +11.7% |
| Amounts payable after more than one year | 17 | €0 | €181,520 | +€181,520 | |
| Financial debts | 170/4 | €0 | €181,520 | +€181,520 | |
| Amounts payable within one year | 42/48 | €1,218,030 | €1,181,550 | -€36,480 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €1,459 | €27,979 | +€26,520 | +1,818% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,010,060 | €942,696 | -€67,364 | -6.7% |
| Suppliers | 440/4 | €1,010,060 | €942,696 | -€67,364 | -6.7% |
| Taxes, remuneration and social security | 45 | €63,631 | €127,994 | +€64,363 | +101% |
| Taxes | 450/3 | €7,700 | €20,162 | +€12,462 | +162% |
| Remuneration and social security | 454/9 | €55,931 | €107,832 | +€51,901 | +92.8% |
| Other amounts payable | 47/48 | €142,881 | €82,881 | -€60,000 | -42.0% |
| Accrued charges and deferred income | 492/3 | €1,891 | €0 | -€1,891 | -100% |
| Non-recurring operating income | 76A | - | €959,222 | +€959,222 | |
| Remuneration, social security and pensions | 62 | €1,054,124 | €681,595 | -€372,529 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,753 | €141,819 | +€46,065 | +48.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,127 | €0 | -€10,127 | -100% |
| Other operating charges | 640/8 | €32,455 | €8,069 | -€24,386 | -75.1% |
| Non-recurring operating charges | 66A | - | €25,248 | +€25,248 | |
| Gross operating margin | 9900 | €2,113,686 | €2,154,337 | +€40,651 | +1.9% |
| Operating profit (loss) | 9901 | €921,228 | €1,297,607 | +€376,379 | +40.9% |
| Financial income | 75/76B | €33,870 | €40,449 | +€6,579 | +19.4% |
| Recurring financial income | 75 | €33,870 | €40,449 | +€6,579 | +19.4% |
| Financial charges | 65/66B | €76,534 | €59,029 | -€17,504 | -22.9% |
| Recurring financial charges | 65 | €76,534 | €59,029 | -€17,504 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €878,564 | €1,279,026 | +€400,462 | +45.6% |
| Transfer from deferred taxes | 780 | - | €11,120 | +€11,120 | |
| Transfer to deferred taxes | 680 | - | €218,620 | +€218,620 | |
| Income taxes | 67/77 | €193,715 | €65,413 | -€128,302 | -66.2% |
| Profit (loss) for the period | 9904 | €684,849 | €1,006,113 | +€321,265 | +46.9% |
| Transfer from tax-exempt reserves | 789 | - | €33,359 | +€33,359 | |
| Transfer to tax-exempt reserves | 689 | - | €655,859 | +€655,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €684,849 | €383,613 | -€301,235 | -44.0% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.