LA NOTTE: what changed
Two fiscal 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.
LA NOTTE
Largest movements
- Receivables within one year -€64,590
down €64,590 (-31.1%), from €207,733 to €143,143
of which Trade receivables: -€69,770
- Tangible fixed assets -€58,424
down €58,424 (-6.5%), from €904,172 to €845,748
of which Land and buildings: -€39,398
- Cash +€35,615
up €35,615 (+24.6%), from €144,526 to €180,141
mainly Depreciation (+€77,577) and Receivables within one year (+€64,590)
- Debts after one year -€75,971
down €75,971 (-14.7%), from €517,014 to €441,043
of which Financial debts: -€45,971
- Profit (loss) carried forward +€60,750
up €60,750 (+28.0%), from €217,151 to €277,901
- Tax, wage and social debts -€42,769
down €42,769 (-60.3%), from €70,871 to €28,102
of which Taxes: -€36,629
- Current portion of long-term debt -€21,369
down €21,369 (-31.7%), from €67,340 to €45,971
- Gross operating margin -€82,885
down €82,885 (-27.8%), from €297,943 to €215,058
- Staff costs +€31,148
up €31,148 (+153.7%), from €20,263 to €51,411
- Depreciation -€29,308
down €29,308 (-27.4%), from €106,885 to €77,577
- Taxes -€23,984
down €23,984 (-57.7%), from €41,576 to €17,593
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.
Cash bridge derived
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 | €1,256,431 | €1,169,032 | -€87,399 | -7.0% |
| Fixed assets | 21/28 | €904,172 | €845,748 | -€58,424 | -6.5% |
| Tangible fixed assets | 22/27 | €904,172 | €845,748 | -€58,424 | -6.5% |
| Land and buildings | 22 | €859,711 | €820,313 | -€39,398 | -4.6% |
| Plant, machinery and equipment | 23 | €29,042 | €17,770 | -€11,273 | -38.8% |
| Furniture and vehicles | 24 | €708 | €310 | -€398 | -56.2% |
| Leasing and similar rights | 25 | €14,711 | €7,355 | -€7,355 | -50.0% |
| Current assets | 29/58 | €352,260 | €323,284 | -€28,975 | -8.2% |
| Amounts receivable within one year | 40/41 | €207,733 | €143,143 | -€64,590 | -31.1% |
| Trade receivables | 40 | €201,395 | €131,625 | -€69,770 | -34.6% |
| Other amounts receivable | 41 | €6,338 | €11,518 | +€5,180 | +81.7% |
| Cash at bank and in hand | 54/58 | €144,526 | €180,141 | +€35,615 | +24.6% |
| Total equity and liabilities | 10/49 | €1,256,431 | €1,169,032 | -€87,399 | -7.0% |
| Equity | 10/15 | €527,150 | €581,375 | +€54,225 | +10.3% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €18,500 | €18,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,500 | €18,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,151 | €277,901 | +€60,750 | +28.0% |
| Investment grants | 15 | €106,499 | €99,974 | -€6,525 | -6.1% |
| Amounts payable | 17/49 | €729,282 | €587,657 | -€141,624 | -19.4% |
| Amounts payable after more than one year | 17 | €517,014 | €441,043 | -€75,971 | -14.7% |
| Financial debts | 170/4 | €417,154 | €371,183 | -€45,971 | -11.0% |
| Other amounts payable | 178/9 | €99,860 | €69,860 | -€30,000 | -30.0% |
| Amounts payable within one year | 42/48 | €192,743 | €125,548 | -€67,195 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €67,340 | €45,971 | -€21,369 | -31.7% |
| Trade debts | 44 | €52,888 | €49,830 | -€3,058 | -5.8% |
| Suppliers | 440/4 | €52,888 | €49,830 | -€3,058 | -5.8% |
| Taxes, remuneration and social security | 45 | €70,871 | €28,102 | -€42,769 | -60.3% |
| Taxes | 450/3 | €54,414 | €17,785 | -€36,629 | -67.3% |
| Remuneration and social security | 454/9 | €16,456 | €10,317 | -€6,140 | -37.3% |
| Other amounts payable | 47/48 | €1,645 | €1,645 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €19,524 | €21,066 | +€1,542 | +7.9% |
| Remuneration, social security and pensions | 62 | €20,263 | €51,411 | +€31,148 | +153.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,885 | €77,577 | -€29,308 | -27.4% |
| Other operating charges | 640/8 | €3,320 | €3,425 | +€104 | +3.1% |
| Gross operating margin | 9900 | €297,943 | €215,058 | -€82,885 | -27.8% |
| Operating profit (loss) | 9901 | €167,474 | €82,645 | -€84,829 | -50.7% |
| Financial income | 75/76B | €7,329 | €6,525 | -€804 | -11.0% |
| Recurring financial income | 75 | €7,329 | €6,525 | -€804 | -11.0% |
| Financial charges | 65/66B | €12,252 | €10,828 | -€1,424 | -11.6% |
| Recurring financial charges | 65 | €12,252 | €10,828 | -€1,424 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €162,551 | €78,342 | -€84,209 | -51.8% |
| Income taxes | 67/77 | €41,576 | €17,593 | -€23,984 | -57.7% |
| Profit (loss) for the period | 9904 | €120,975 | €60,750 | -€60,225 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €120,975 | €60,750 | -€60,225 | -49.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.