Docteur NOTEBAERT Isabelle: 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.
Docteur NOTEBAERT Isabelle
Largest movements
- Current investments +€249,380
new in 2025: €249,380
- Cash -€187,144
down €187,144 (-70.7%), from €264,586 to €77,442
mainly Current investments (-€249,380) and Receivables within one year (-€52,499)
- Receivables within one year +€52,499
up €52,499 (+35.0%), from €149,824 to €202,323
of which Other amounts receivable: +€52,499
- Deferred charges and accrued income -€17,765
down €17,765 (-95.0%), from €18,693 to €928
- Tangible fixed assets -€10,052
down €10,052 (-18.2%), from €55,262 to €45,211
of which Other tangible fixed assets: -€6,779
- Reserves +€80,000
up €80,000 (+16.6%), from €481,500 to €561,500
- Tax, wage and social debts +€12,056
up €12,056 (+130%), from €9,277 to €21,332
- Gross operating margin +€37,870
up €37,870 (+38.5%), from €98,311 to €136,181
- Turnover +€28,832
up €28,832 (+10.5%), from €274,105 to €302,937
- Taxes +€11,811
up €11,811 (+40.0%), from €29,522 to €41,332
- Purchases and services -€9,038
down €9,038 (-5.1%), from €175,794 to €166,756
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 | €518,365 | €605,283 | +€86,918 | +16.8% |
| Fixed assets | 21/28 | €55,262 | €45,211 | -€10,052 | -18.2% |
| Tangible fixed assets | 22/27 | €55,262 | €45,211 | -€10,052 | -18.2% |
| Plant, machinery and equipment | 23 | €993 | €495 | -€498 | -50.1% |
| Furniture and vehicles | 24 | €12,238 | €9,463 | -€2,774 | -22.7% |
| Other tangible fixed assets | 26 | €42,031 | €35,252 | -€6,779 | -16.1% |
| Current assets | 29/58 | €463,103 | €560,073 | +€96,970 | +20.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,824 | €202,323 | +€52,499 | +35.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €149,824 | €202,323 | +€52,499 | +35.0% |
| Current investments | 50/53 | - | €249,380 | +€249,380 | |
| Cash at bank and in hand | 54/58 | €264,586 | €77,442 | -€187,144 | -70.7% |
| Deferred charges and accrued income | 490/1 | €18,693 | €928 | -€17,765 | -95.0% |
| Total equity and liabilities | 10/49 | €518,365 | €605,283 | +€86,918 | +16.8% |
| Equity | 10/15 | €502,602 | €582,913 | +€80,310 | +16.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €481,500 | €561,500 | +€80,000 | +16.6% |
| Distributable reserves | 133 | €481,500 | €561,500 | +€80,000 | +16.6% |
| Profit (loss) carried forward | 14 | €642 | €953 | +€310 | +48.3% |
| Amounts payable | 17/49 | €15,763 | €22,370 | +€6,608 | +41.9% |
| Amounts payable within one year | 42/48 | €10,971 | €22,370 | +€11,399 | +104% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,694 | €1,038 | -€656 | -38.7% |
| Suppliers | 440/4 | €1,694 | €1,038 | -€656 | -38.7% |
| Taxes, remuneration and social security | 45 | €9,277 | €21,332 | +€12,056 | +130% |
| Taxes | 450/3 | €9,277 | €21,332 | +€12,056 | +130% |
| Accrued charges and deferred income | 492/3 | €4,792 | €0 | -€4,792 | -100% |
| Turnover | 70 | €274,105 | €302,937 | +€28,832 | +10.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €175,794 | €166,756 | -€9,038 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,599 | €10,052 | +€453 | +4.7% |
| Other operating charges | 640/8 | €387 | €1,496 | +€1,109 | +286% |
| Gross operating margin | 9900 | €98,311 | €136,181 | +€37,870 | +38.5% |
| Operating profit (loss) | 9901 | €88,325 | €124,634 | +€36,309 | +41.1% |
| Financial income | 75/76B | €466 | €38 | -€428 | -91.8% |
| Recurring financial income | 75 | €466 | €38 | -€428 | -91.8% |
| Financial charges | 65/66B | €391 | €3,029 | +€2,638 | +674% |
| Recurring financial charges | 65 | €391 | €3,029 | +€2,638 | +674% |
| Profit (loss) for the period before taxes | 9903 | €88,400 | €121,643 | +€33,243 | +37.6% |
| Income taxes | 67/77 | €29,522 | €41,332 | +€11,811 | +40.0% |
| Profit (loss) for the period | 9904 | €58,878 | €80,310 | +€21,432 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,878 | €80,310 | +€21,432 | +36.4% |
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 22 October 2026 via checked.be.