NOTA BENE COUVERTURE: 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 BENE COUVERTURE
Largest movements
- Receivables within one year +€6,417
up €6,417 (+37.8%), from €16,989 to €23,406
of which Trade receivables: +€4,657
- Deferred charges and accrued income +€2,751
up €2,751 (+448%), from €614 to €3,365
- Tangible fixed assets +€2,045
new in 2025: €2,045
- Cash -€585
down €585 (-2.4%), from €24,638 to €24,053
mainly Contributions, distributions and other (-€20,000) and Receivables within one year (-€6,417)
- Other debts +€11,111
up €11,111 (+210%), from €5,289 to €16,400
- Trade debts +€4,943
up €4,943 (+134%), from €3,683 to €8,626
- Profit (loss) carried forward -€2,776
down €2,776 (-13.6%), from €20,354 to €17,578
- Accrued charges and deferred income -€2,725
down €2,725 (-67.6%), from €4,029 to €1,303
- Gross operating margin +€31,417
up €31,417 (+49.6%), from €63,387 to €94,804
- Taxes +€1,921
up €1,921, from -€0 to €1,921
- Staff costs +€1,494
up €1,494 (+2.1%), from €71,046 to €72,540
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 | €46,021 | €56,649 | +€10,628 | +23.1% |
| Fixed assets | 21/28 | €1,780 | €3,825 | +€2,045 | +115% |
| Tangible fixed assets | 22/27 | - | €2,045 | +€2,045 | |
| Plant, machinery and equipment | 23 | - | €2,045 | +€2,045 | |
| Financial fixed assets | 28 | €1,780 | €1,780 | = | 0.0% |
| Current assets | 29/58 | €44,241 | €52,824 | +€8,583 | +19.4% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,989 | €23,406 | +€6,417 | +37.8% |
| Trade receivables | 40 | €13,558 | €18,215 | +€4,657 | +34.3% |
| Other amounts receivable | 41 | €3,430 | €5,191 | +€1,761 | +51.3% |
| Cash at bank and in hand | 54/58 | €24,638 | €24,053 | -€585 | -2.4% |
| Deferred charges and accrued income | 490/1 | €614 | €3,365 | +€2,751 | +448% |
| Total equity and liabilities | 10/49 | €46,021 | €56,649 | +€10,628 | +23.1% |
| Equity | 10/15 | €21,354 | €18,578 | -€2,776 | -13.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,354 | €17,578 | -€2,776 | -13.6% |
| Amounts payable | 17/49 | €24,667 | €38,071 | +€13,404 | +54.3% |
| Amounts payable within one year | 42/48 | €20,638 | €36,767 | +€16,129 | +78.2% |
| Trade debts | 44 | €3,683 | €8,626 | +€4,943 | +134% |
| Suppliers | 440/4 | €3,683 | €8,626 | +€4,943 | +134% |
| Taxes, remuneration and social security | 45 | €11,666 | €11,742 | +€75 | +0.6% |
| Taxes | 450/3 | €4,836 | €6,951 | +€2,114 | +43.7% |
| Remuneration and social security | 454/9 | €6,830 | €4,791 | -€2,039 | -29.9% |
| Other amounts payable | 47/48 | €5,289 | €16,400 | +€11,111 | +210% |
| Accrued charges and deferred income | 492/3 | €4,029 | €1,303 | -€2,725 | -67.6% |
| Remuneration, social security and pensions | 62 | €71,046 | €72,540 | +€1,494 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €454 | +€454 | |
| Other operating charges | 640/8 | €612 | €1,177 | +€564 | +92.1% |
| Gross operating margin | 9900 | €63,387 | €94,804 | +€31,417 | +49.6% |
| Operating profit (loss) | 9901 | -€8,271 | €20,633 | +€28,904 | |
| Financial income | 75/76B | €1 | €460 | +€459 | +55,330% |
| Recurring financial income | 75 | €1 | €460 | +€459 | +55,330% |
| Financial charges | 65/66B | €2,458 | €1,949 | -€509 | -20.7% |
| Recurring financial charges | 65 | €2,458 | €1,949 | -€509 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,728 | €19,144 | +€29,872 | |
| Income taxes | 67/77 | -€0 | €1,921 | +€1,921 | |
| Profit (loss) for the period | 9904 | -€10,727 | €17,224 | +€27,951 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,727 | €17,224 | +€27,951 |
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 30 October 2026 via checked.be.