NOTA: 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.
NOTA
Largest movements
- Cash +€256,251
up €256,251 (+31.9%), from €802,659 to €1.1m
mainly Net result for the year (+€952,470) and Other debts (+€344,733)
- Receivables within one year +€122,656
up €122,656 (+470.3%), from €26,079 to €148,735
of which Trade receivables: +€108,767
- Deferred charges and accrued income +€17,003
up €17,003 (+434.1%), from €3,917 to €20,920
- Other debts +€344,733
up €344,733 (+57.4%), from €600,873 to €945,607
- Tax, wage and social debts +€38,508
up €38,508 (+21.6%), from €178,265 to €216,773
of which Taxes: +€75,696
- Gross operating margin +€747,823
up €747,823 (+57.4%), from €1.3m to €2.1m
- Taxes +€244,014
up €244,014 (+4133.0%), from €5,904 to €249,918
- Depreciation -€123,455
down €123,455 (-93.4%), from €132,202 to €8,747
- Staff costs -€112,436
down €112,436 (-11.8%), from €950,678 to €838,243
- Financial income +€58,846
up €58,846 (+133.7%), from €44,018 to €102,863
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 | €864,255 | €1,252,051 | +€387,795 | +44.9% |
| Fixed assets | 21/28 | €31,601 | €23,487 | -€8,115 | -25.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €30,801 | €22,686 | -€8,115 | -26.3% |
| Furniture and vehicles | 24 | €24,404 | €19,165 | -€5,239 | -21.5% |
| Other tangible fixed assets | 26 | €6,397 | €3,521 | -€2,876 | -45.0% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €832,654 | €1,228,564 | +€395,910 | +47.5% |
| Amounts receivable within one year | 40/41 | €26,079 | €148,735 | +€122,656 | +470.3% |
| Trade receivables | 40 | €18,838 | €127,606 | +€108,767 | +577.4% |
| Other amounts receivable | 41 | €7,241 | €21,129 | +€13,889 | +191.8% |
| Cash at bank and in hand | 54/58 | €802,659 | €1,058,909 | +€256,251 | +31.9% |
| Deferred charges and accrued income | 490/1 | €3,917 | €20,920 | +€17,003 | +434.1% |
| Total equity and liabilities | 10/49 | €864,255 | €1,252,051 | +€387,795 | +44.9% |
| Equity | 10/15 | €6,213 | €16,183 | +€9,970 | +160.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13 | €9,983 | +€9,970 | +76161.3% |
| Amounts payable | 17/49 | €858,042 | €1,235,868 | +€377,826 | +44.0% |
| Amounts payable after more than one year | 17 | €12,445 | €4,825 | -€7,619 | -61.2% |
| Financial debts | 170/4 | €12,445 | €4,825 | -€7,619 | -61.2% |
| Amounts payable within one year | 42/48 | €845,598 | €1,230,801 | +€385,203 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €6,239 | €7,043 | +€804 | +12.9% |
| Trade debts | 44 | €60,220 | €61,378 | +€1,158 | +1.9% |
| Suppliers | 440/4 | €60,220 | €61,378 | +€1,158 | +1.9% |
| Taxes, remuneration and social security | 45 | €178,265 | €216,773 | +€38,508 | +21.6% |
| Taxes | 450/3 | €40,409 | €116,105 | +€75,696 | +187.3% |
| Remuneration and social security | 454/9 | €137,856 | €100,668 | -€37,188 | -27.0% |
| Other amounts payable | 47/48 | €600,873 | €945,607 | +€344,733 | +57.4% |
| Accrued charges and deferred income | 492/3 | - | €242 | +€242 | |
| Remuneration, social security and pensions | 62 | €950,678 | €838,243 | -€112,436 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,202 | €8,747 | -€123,455 | -93.4% |
| Other operating charges | 640/8 | €56,919 | €91,677 | +€34,758 | +61.1% |
| Gross operating margin | 9900 | €1,303,148 | €2,050,970 | +€747,823 | +57.4% |
| Operating profit (loss) | 9901 | €163,348 | €1,112,304 | +€948,956 | +580.9% |
| Financial income | 75/76B | €44,018 | €102,863 | +€58,846 | +133.7% |
| Recurring financial income | 75 | €44,018 | €102,863 | +€58,846 | +133.7% |
| Financial charges | 65/66B | €2,208 | €12,779 | +€10,572 | +478.8% |
| Recurring financial charges | 65 | €2,208 | €12,779 | +€10,572 | +478.8% |
| Profit (loss) for the period before taxes | 9903 | €205,158 | €1,202,388 | +€997,230 | +486.1% |
| Income taxes | 67/77 | €5,904 | €249,918 | +€244,014 | +4133.0% |
| Profit (loss) for the period | 9904 | €199,254 | €952,470 | +€753,215 | +378.0% |
| Profit (loss) for the period to be appropriated | 9905 | €199,254 | €952,470 | +€753,215 | +378.0% |
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.