NOTIS INVEST: 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.
NOTIS INVEST
Largest movements
- Cash -€38,986
down €38,986 (-26.4%), from €147,693 to €108,706
mainly Trade debts (-€72,540) and Investment in fixed assets (net) (-€59,655)
- Receivables within one year -€29,910
down €29,910 (-22.7%), from €131,760 to €101,851
of which Trade receivables: -€49,699
- Stocks and contracts -€13,707
down €13,707 (-15.2%), from €90,064 to €76,357
of which Stocks: -€9,856
- Trade debts -€72,540
down €72,540 (-67.8%), from €107,009 to €34,468
- Reserves -€43,824
down €43,824 (-18.7%), from €234,317 to €190,494
of which Distributable reserves: -€43,824
- Current portion of long-term debt +€22,389
up €22,389 (+36.9%), from €60,745 to €83,134
- Other debts +€21,490
up €21,490 (+66.8%), from €32,159 to €53,649
- Tax, wage and social debts -€12,329
down €12,329 (-17.0%), from €72,448 to €60,119
of which Taxes: -€12,778
- Gross operating margin -€99,292
down €99,292 (-32.0%), from €310,592 to €211,300
- Taxes -€26,049
down €26,049 (-98.9%), from €26,351 to €302
- Staff costs +€5,965
up €5,965 (+4.3%), from €138,534 to €144,499
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 | €850,723 | €762,001 | -€88,722 | -10.4% |
| Fixed assets | 21/28 | €478,645 | €472,809 | -€5,836 | -1.2% |
| Tangible fixed assets | 22/27 | €477,380 | €471,544 | -€5,836 | -1.2% |
| Land and buildings | 22 | €391,364 | €373,132 | -€18,232 | -4.7% |
| Plant, machinery and equipment | 23 | €23,921 | €56,144 | +€32,222 | +134.7% |
| Furniture and vehicles | 24 | €62,094 | €42,267 | -€19,827 | -31.9% |
| Financial fixed assets | 28 | €1,265 | €1,265 | = | 0.0% |
| Current assets | 29/58 | €372,078 | €289,193 | -€82,886 | -22.3% |
| Stocks and contracts in progress | 3 | €90,064 | €76,357 | -€13,707 | -15.2% |
| Stocks | 30/36 | €70,148 | €60,292 | -€9,856 | -14.1% |
| Contracts in progress | 37 | €19,916 | €16,065 | -€3,851 | -19.3% |
| Amounts receivable within one year | 40/41 | €131,760 | €101,851 | -€29,910 | -22.7% |
| Trade receivables | 40 | €130,931 | €81,232 | -€49,699 | -38.0% |
| Other amounts receivable | 41 | €829 | €20,618 | +€19,789 | +2386.8% |
| Cash at bank and in hand | 54/58 | €147,693 | €108,706 | -€38,986 | -26.4% |
| Deferred charges and accrued income | 490/1 | €2,562 | €2,279 | -€282 | -11.0% |
| Total equity and liabilities | 10/49 | €850,723 | €762,001 | -€88,722 | -10.4% |
| Equity | 10/15 | €273,317 | €229,494 | -€43,824 | -16.0% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Reserves | 13 | €234,317 | €190,494 | -€43,824 | -18.7% |
| Non-distributable reserves | 130/1 | €2,897 | €2,897 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,897 | €2,897 | = | 0.0% |
| Distributable reserves | 133 | €231,421 | €187,597 | -€43,824 | -18.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €577,406 | €532,508 | -€44,898 | -7.8% |
| Amounts payable after more than one year | 17 | €298,948 | €301,138 | +€2,190 | +0.7% |
| Financial debts | 170/4 | €298,948 | €301,138 | +€2,190 | +0.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €272,360 | €231,370 | -€40,991 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €60,745 | €83,134 | +€22,389 | +36.9% |
| Trade debts | 44 | €107,009 | €34,468 | -€72,540 | -67.8% |
| Suppliers | 440/4 | €107,009 | €34,468 | -€72,540 | -67.8% |
| Taxes, remuneration and social security | 45 | €72,448 | €60,119 | -€12,329 | -17.0% |
| Taxes | 450/3 | €62,192 | €49,414 | -€12,778 | -20.5% |
| Remuneration and social security | 454/9 | €10,255 | €10,705 | +€450 | +4.4% |
| Other amounts payable | 47/48 | €32,159 | €53,649 | +€21,490 | +66.8% |
| Accrued charges and deferred income | 492/3 | €6,098 | €0 | -€6,098 | -100.0% |
| Remuneration, social security and pensions | 62 | €138,534 | €144,499 | +€5,965 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,911 | €65,492 | +€1,580 | +2.5% |
| Other operating charges | 640/8 | €9,294 | €9,385 | +€91 | +1.0% |
| Non-recurring operating charges | 66A | €5,565 | €3,270 | -€2,295 | -41.2% |
| Gross operating margin | 9900 | €310,592 | €211,300 | -€99,292 | -32.0% |
| Operating profit (loss) | 9901 | €93,288 | -€11,345 | -€104,633 | |
| Financial income | 75/76B | €19 | €167 | +€148 | +794.5% |
| Recurring financial income | 75 | €19 | €167 | +€148 | +794.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,532 | €8,486 | -€1,046 | -11.0% |
| Recurring financial charges | 65 | €9,532 | €8,486 | -€1,046 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €83,775 | -€19,664 | -€103,439 | |
| Income taxes | 67/77 | €26,351 | €302 | -€26,049 | -98.9% |
| Profit (loss) for the period | 9904 | €57,424 | -€19,966 | -€77,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,424 | -€19,966 | -€77,390 |
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 11 October 2026 via checked.be.