NOT4U: 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.
NOT4U
Largest movements
- Cash +€163,879
up €163,879 (+54.0%), from €303,307 to €467,185
mainly Net result for the year (+€220,488) and Other debts (+€117,592)
- Receivables within one year +€15,986
up €15,986 (+365.6%), from €4,372 to €20,358
- Tangible fixed assets -€14,872
down €14,872 (-16.3%), from €91,401 to €76,529
- Other debts +€117,592
up €117,592 (+60.3%), from €194,888 to €312,480
- Tax, wage and social debts +€46,914
new in 2025: €46,914
- Gross operating margin +€79,206
up €79,206 (+29.5%), from €268,299 to €347,505
- Depreciation -€22,500
down €22,500 (-60.2%), from €37,372 to €14,872
- Taxes +€11,747
up €11,747 (+18.7%), from €62,673 to €74,420
- Staff costs +€4,802
up €4,802 (+13.2%), from €36,307 to €41,110
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 | €399,080 | €564,073 | +€164,993 | +41.3% |
| Fixed assets | 21/28 | €91,401 | €76,529 | -€14,872 | -16.3% |
| Tangible fixed assets | 22/27 | €91,401 | €76,529 | -€14,872 | -16.3% |
| Furniture and vehicles | 24 | €91,401 | €76,529 | -€14,872 | -16.3% |
| Current assets | 29/58 | €307,679 | €487,544 | +€179,865 | +58.5% |
| Amounts receivable within one year | 40/41 | €4,372 | €20,358 | +€15,986 | +365.6% |
| Other amounts receivable | 41 | €4,372 | €20,358 | +€15,986 | +365.6% |
| Cash at bank and in hand | 54/58 | €303,307 | €467,185 | +€163,879 | +54.0% |
| Total equity and liabilities | 10/49 | €399,080 | €564,073 | +€164,993 | +41.3% |
| Equity | 10/15 | €204,192 | €204,680 | +€488 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,245 | €185,245 | = | 0.0% |
| Distributable reserves | 133 | €185,245 | €185,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €347 | €835 | +€488 | +140.4% |
| Amounts payable | 17/49 | €194,888 | €359,393 | +€164,505 | +84.4% |
| Amounts payable within one year | 42/48 | €194,888 | €359,393 | +€164,505 | +84.4% |
| Taxes, remuneration and social security | 45 | - | €46,914 | +€46,914 | |
| Taxes | 450/3 | - | €46,914 | +€46,914 | |
| Other amounts payable | 47/48 | €194,888 | €312,480 | +€117,592 | +60.3% |
| Remuneration, social security and pensions | 62 | €36,307 | €41,110 | +€4,802 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,372 | €14,872 | -€22,500 | -60.2% |
| Other operating charges | 640/8 | €1,234 | €800 | -€433 | -35.1% |
| Gross operating margin | 9900 | €268,299 | €347,505 | +€79,206 | +29.5% |
| Operating profit (loss) | 9901 | €193,386 | €290,723 | +€97,337 | +50.3% |
| Financial income | 75/76B | €1,324 | €4,184 | +€2,860 | +216.0% |
| Recurring financial income | 75 | €1,324 | €4,184 | +€2,860 | +216.0% |
| Profit (loss) for the period before taxes | 9903 | €194,711 | €294,908 | +€100,197 | +51.5% |
| Income taxes | 67/77 | €62,673 | €74,420 | +€11,747 | +18.7% |
| Profit (loss) for the period | 9904 | €132,038 | €220,488 | +€88,450 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €132,038 | €220,488 | +€88,450 | +67.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.