KB-NOTARIS: what changed
KB-NOTARIS
Largest movements
- Receivables within one year -€334,390
down €334,390 (-51.9%), from €644,657 to €310,267
of which Trade receivables: -€257,191
- Cash +€280,425
up €280,425 (+383%), from €73,297 to €353,722
mainly Receivables within one year (+€334,390) and Net result for the year (+€201,486)
- Debts after one year -€108,127
down €108,127 (-27.9%), from €388,025 to €279,899
- Reserves -€73,514
down €73,514 (-6.3%), from €1.2m to €1.1m
- Short-term financial debts +€70,000
new in 2025: €70,000
- Tax, wage and social debts +€46,316
up €46,316 (+171%), from €27,115 to €73,431
of which Taxes: +€44,268
- Gross operating margin +€83,981
up €83,981 (+40.8%), from €205,642 to €289,623
- Taxes +€21,978
up €21,978 (+47.7%), from €46,098 to €68,076
- Depreciation -€16,102
down €16,102 (-64.8%), from €24,853 to €8,751
- Other operating charges +€5,011
up €5,011 (+97.5%), from €5,137 to €10,149
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 | €1,704,690 | €1,640,924 | -€63,766 | -3.7% |
| Fixed assets | 21/28 | €773,257 | €764,507 | -€8,751 | -1.1% |
| Tangible fixed assets | 22/27 | €773,257 | €764,507 | -€8,751 | -1.1% |
| Land and buildings | 22 | €756,688 | €753,986 | -€2,701 | -0.4% |
| Furniture and vehicles | 24 | €16,570 | €10,521 | -€6,049 | -36.5% |
| Current assets | 29/58 | €931,432 | €876,417 | -€55,015 | -5.9% |
| Amounts receivable within one year | 40/41 | €644,657 | €310,267 | -€334,390 | -51.9% |
| Trade receivables | 40 | €278,429 | €21,238 | -€257,191 | -92.4% |
| Other amounts receivable | 41 | €366,228 | €289,029 | -€77,199 | -21.1% |
| Current investments | 50/53 | €211,860 | €211,860 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,297 | €353,722 | +€280,425 | +383% |
| Deferred charges and accrued income | 490/1 | €1,618 | €568 | -€1,050 | -64.9% |
| Total equity and liabilities | 10/49 | €1,704,690 | €1,640,924 | -€63,766 | -3.7% |
| Equity | 10/15 | €1,182,724 | €1,109,210 | -€73,514 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,164,124 | €1,090,610 | -€73,514 | -6.3% |
| Distributable reserves | 133 | €1,164,124 | €1,090,610 | -€73,514 | -6.3% |
| Amounts payable | 17/49 | €521,966 | €531,714 | +€9,749 | +1.9% |
| Amounts payable after more than one year | 17 | €388,025 | €279,899 | -€108,127 | -27.9% |
| Financial debts | 170/4 | €388,025 | €279,899 | -€108,127 | -27.9% |
| Amounts payable within one year | 42/48 | €133,941 | €251,816 | +€117,875 | +88.0% |
| Current portion of amounts payable after more than one year | 42 | €106,001 | €108,127 | +€2,126 | +2.0% |
| Financial debts | 43 | - | €70,000 | +€70,000 | |
| Credit institutions | 430/8 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | €824 | €258 | -€566 | -68.7% |
| Suppliers | 440/4 | €824 | €258 | -€566 | -68.7% |
| Taxes, remuneration and social security | 45 | €27,115 | €73,431 | +€46,316 | +171% |
| Taxes | 450/3 | €24,485 | €68,753 | +€44,268 | +181% |
| Remuneration and social security | 454/9 | €2,631 | €4,679 | +€2,048 | +77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,853 | €8,751 | -€16,102 | -64.8% |
| Other operating charges | 640/8 | €5,137 | €10,149 | +€5,011 | +97.5% |
| Gross operating margin | 9900 | €205,642 | €289,623 | +€83,981 | +40.8% |
| Operating profit (loss) | 9901 | €175,652 | €270,724 | +€95,072 | +54.1% |
| Financial income | 75/76B | €7,863 | €8,586 | +€723 | +9.2% |
| Recurring financial income | 75 | €7,863 | €8,586 | +€723 | +9.2% |
| Financial charges | 65/66B | €11,774 | €9,747 | -€2,027 | -17.2% |
| Recurring financial charges | 65 | €11,774 | €9,747 | -€2,027 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €171,740 | €269,562 | +€97,822 | +57.0% |
| Income taxes | 67/77 | €46,098 | €68,076 | +€21,978 | +47.7% |
| Profit (loss) for the period | 9904 | €125,642 | €201,486 | +€75,844 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €125,642 | €201,486 | +€75,844 | +60.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.