L'ACTE NOTARIE: what changed
L'ACTE NOTARIE
Largest movements
- Cash +€31,304
up €31,304 (+6.5%), from €484,881 to €516,185
mainly Net result for the year (+€54,053) and Depreciation (+€9,328)
- Receivables within one year +€20,053
up €20,053 (+137%), from €14,684 to €34,737
of which Trade receivables: +€25,410
- Tangible fixed assets -€9,328
down €9,328 (-19.5%), from €47,903 to €38,575
of which Land and buildings: -€9,227
- Reserves +€54,053
up €54,053 (+11.0%), from €492,571 to €546,624
of which Distributable reserves: +€54,053
- Debts after one year -€11,060
no longer reported in 2025 (was €11,060)
- Current portion of long-term debt -€7,245
down €7,245 (-39.6%), from €18,304 to €11,060
- Gross operating margin +€20,899
up €20,899 (+30.3%), from €68,956 to €89,855
- Taxes +€6,720
up €6,720 (+31.9%), from €21,069 to €27,789
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 | €547,468 | €589,497 | +€42,028 | +7.7% |
| Fixed assets | 21/28 | €47,903 | €38,575 | -€9,328 | -19.5% |
| Tangible fixed assets | 22/27 | €47,903 | €38,575 | -€9,328 | -19.5% |
| Land and buildings | 22 | €47,672 | €38,445 | -€9,227 | -19.4% |
| Furniture and vehicles | 24 | €231 | €130 | -€101 | -43.8% |
| Current assets | 29/58 | €499,566 | €550,922 | +€51,356 | +10.3% |
| Amounts receivable within one year | 40/41 | €14,684 | €34,737 | +€20,053 | +137% |
| Trade receivables | 40 | €4,719 | €30,129 | +€25,410 | +538% |
| Other amounts receivable | 41 | €9,965 | €4,608 | -€5,357 | -53.8% |
| Cash at bank and in hand | 54/58 | €484,881 | €516,185 | +€31,304 | +6.5% |
| Total equity and liabilities | 10/49 | €547,468 | €589,497 | +€42,028 | +7.7% |
| Equity | 10/15 | €504,971 | €559,024 | +€54,053 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €492,571 | €546,624 | +€54,053 | +11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €490,711 | €544,764 | +€54,053 | +11.0% |
| Amounts payable | 17/49 | €42,497 | €30,473 | -€12,025 | -28.3% |
| Amounts payable after more than one year | 17 | €11,060 | - | -€11,060 | |
| Financial debts | 170/4 | €11,060 | - | -€11,060 | |
| Amounts payable within one year | 42/48 | €29,831 | €28,570 | -€1,261 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €18,304 | €11,060 | -€7,245 | -39.6% |
| Trade debts | 44 | €1,785 | €3,842 | +€2,057 | +115% |
| Suppliers | 440/4 | €1,785 | €3,842 | +€2,057 | +115% |
| Taxes, remuneration and social security | 45 | €8,013 | €13,668 | +€5,655 | +70.6% |
| Taxes | 450/3 | €8,013 | €13,668 | +€5,655 | +70.6% |
| Other amounts payable | 47/48 | €1,728 | - | -€1,728 | |
| Accrued charges and deferred income | 492/3 | €1,607 | €1,903 | +€296 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,718 | €9,328 | -€390 | -4.0% |
| Other operating charges | 640/8 | €1,839 | €1,892 | +€53 | +2.9% |
| Gross operating margin | 9900 | €68,956 | €89,855 | +€20,899 | +30.3% |
| Operating profit (loss) | 9901 | €57,399 | €78,635 | +€21,236 | +37.0% |
| Financial income | 75/76B | €4,578 | €4,310 | -€268 | -5.8% |
| Recurring financial income | 75 | €4,578 | €4,310 | -€268 | -5.8% |
| Financial charges | 65/66B | €1,898 | €1,103 | -€795 | -41.9% |
| Recurring financial charges | 65 | €1,898 | €1,103 | -€795 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €60,078 | €81,842 | +€21,763 | +36.2% |
| Income taxes | 67/77 | €21,069 | €27,789 | +€6,720 | +31.9% |
| Profit (loss) for the period | 9904 | €39,010 | €54,053 | +€15,043 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,010 | €54,053 | +€15,043 | +38.6% |
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 7 November 2026 via checked.be.