NOOTZAAK: 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.
NOOTZAAK
Largest movements
- Receivables within one year -€6,815
down €6,815 (-57.4%), from €11,871 to €5,056
of which Trade receivables: -€7,408
- Stocks and contracts +€2,546
up €2,546 (+113%), from €2,244 to €4,790
- Intangible fixed assets -€1,650
down €1,650 (-11.0%), from €14,968 to €13,318
- Deferred charges and accrued income -€780
down €780 (-86.0%), from €907 to €127
- Trade debts -€7,670
down €7,670 (-34.5%), from €22,249 to €14,580
- Reserves +€3,183
up €3,183 (+307%), from €1,036 to €4,218
- Current portion of long-term debt -€2,894
down €2,894 (-82.8%), from €3,497 to €603
- Other debts +€909
up €909 (+20.0%), from €4,535 to €5,444
- Debts after one year -€603
down €603 (-100%), from €603 to €0
- Gross operating margin -€7,587
down €7,587 (-60.8%), from €12,482 to €4,895
- Financial income -€1,071
down €1,071 (-32.6%), from €3,287 to €2,216
- Financial charges -€936
down €936 (-62.7%), from €1,494 to €557
- Taxes +€785
up €785 (+192%), from €409 to €1,193
- Depreciation -€641
down €641 (-28.0%), from €2,291 to €1,650
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 | €42,925 | €36,448 | -€6,477 | -15.1% |
| Fixed assets | 21/28 | €14,968 | €13,318 | -€1,650 | -11.0% |
| Intangible fixed assets | 21 | €14,968 | €13,318 | -€1,650 | -11.0% |
| Current assets | 29/58 | €27,957 | €23,130 | -€4,827 | -17.3% |
| Stocks and contracts in progress | 3 | €2,244 | €4,790 | +€2,546 | +113% |
| Stocks | 30/36 | €2,244 | €4,790 | +€2,546 | +113% |
| Amounts receivable within one year | 40/41 | €11,871 | €5,056 | -€6,815 | -57.4% |
| Trade receivables | 40 | €11,871 | €4,463 | -€7,408 | -62.4% |
| Other amounts receivable | 41 | €0 | €592 | +€592 | |
| Cash at bank and in hand | 54/58 | €12,935 | €13,158 | +€223 | +1.7% |
| Deferred charges and accrued income | 490/1 | €907 | €127 | -€780 | -86.0% |
| Total equity and liabilities | 10/49 | €42,925 | €36,448 | -€6,477 | -15.1% |
| Equity | 10/15 | €11,036 | €14,218 | +€3,183 | +28.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,036 | €4,218 | +€3,183 | +307% |
| Distributable reserves | 133 | €1,036 | €4,218 | +€3,183 | +307% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €31,889 | €22,229 | -€9,660 | -30.3% |
| Amounts payable after more than one year | 17 | €603 | €0 | -€603 | -100% |
| Financial debts | 170/4 | €603 | €0 | -€603 | -100% |
| Amounts payable within one year | 42/48 | €31,286 | €22,229 | -€9,057 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €3,497 | €603 | -€2,894 | -82.8% |
| Trade debts | 44 | €22,249 | €14,580 | -€7,670 | -34.5% |
| Suppliers | 440/4 | €22,249 | €14,580 | -€7,670 | -34.5% |
| Taxes, remuneration and social security | 45 | €1,004 | €1,602 | +€598 | +59.5% |
| Taxes | 450/3 | €1,004 | €1,602 | +€598 | +59.5% |
| Other amounts payable | 47/48 | €4,535 | €5,444 | +€909 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,291 | €1,650 | -€641 | -28.0% |
| Other operating charges | 640/8 | €725 | €527 | -€197 | -27.2% |
| Gross operating margin | 9900 | €12,482 | €4,895 | -€7,587 | -60.8% |
| Operating profit (loss) | 9901 | €9,466 | €2,717 | -€6,749 | -71.3% |
| Financial income | 75/76B | €3,287 | €2,216 | -€1,071 | -32.6% |
| Recurring financial income | 75 | €3,287 | €2,216 | -€1,071 | -32.6% |
| Financial charges | 65/66B | €1,494 | €557 | -€936 | -62.7% |
| Recurring financial charges | 65 | €1,494 | €557 | -€936 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €11,260 | €4,376 | -€6,884 | -61.1% |
| Income taxes | 67/77 | €409 | €1,193 | +€785 | +192% |
| Profit (loss) for the period | 9904 | €10,851 | €3,183 | -€7,668 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,851 | €3,183 | -€7,668 | -70.7% |
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 14 October 2026 via checked.be.