NOTABEN: 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.
NOTABEN
Largest movements
- Receivables within one year -€5,077
down €5,077 (-21.9%), from €23,220 to €18,143
of which Trade receivables: -€4,066
- Cash +€718
up €718 (+6.3%), from €11,423 to €12,140
mainly Receivables within one year (+€5,077) and Trade debts (+€3,413)
- Tangible fixed assets -€628
down €628 (-12.8%), from €4,915 to €4,287
- Other debts -€6,000
no longer reported in 2025 (was €6,000)
- Profit (loss) carried forward -€3,836
new in 2025: -€3,836
- Trade debts +€3,413
up €3,413 (+168.2%), from €2,029 to €5,441
- Tax, wage and social debts +€1,453
up €1,453 (+10.1%), from €14,354 to €15,808
- Gross operating margin -€21,671
down €21,671 (-72.9%), from €29,721 to €8,050
- Financial charges +€3,806
up €3,806 (+46414.8%), from €8 to €3,814
- Other operating charges +€585
new in 2025: €585
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 | €39,668 | €34,711 | -€4,957 | -12.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €4,915 | €4,287 | -€628 | -12.8% |
| Tangible fixed assets | 22/27 | €4,915 | €4,287 | -€628 | -12.8% |
| Furniture and vehicles | 24 | €4,915 | €4,287 | -€628 | -12.8% |
| Current assets | 29/58 | €34,752 | €30,424 | -€4,329 | -12.5% |
| Amounts receivable within one year | 40/41 | €23,220 | €18,143 | -€5,077 | -21.9% |
| Trade receivables | 40 | €19,570 | €15,504 | -€4,066 | -20.8% |
| Other amounts receivable | 41 | €3,650 | €2,640 | -€1,010 | -27.7% |
| Cash at bank and in hand | 54/58 | €11,423 | €12,140 | +€718 | +6.3% |
| Deferred charges and accrued income | 490/1 | €110 | €140 | +€30 | +27.6% |
| Total equity and liabilities | 10/49 | €39,668 | €34,711 | -€4,957 | -12.5% |
| Equity | 10/15 | €17,284 | €13,448 | -€3,836 | -22.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,284 | €16,284 | = | 0.0% |
| Distributable reserves | 133 | €16,284 | €16,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,836 | -€3,836 | |
| Amounts payable | 17/49 | €22,383 | €21,263 | -€1,121 | -5.0% |
| Amounts payable within one year | 42/48 | €22,383 | €21,263 | -€1,121 | -5.0% |
| Financial debts | 43 | - | €14 | +€14 | |
| Credit institutions | 430/8 | - | €14 | +€14 | |
| Trade debts | 44 | €2,029 | €5,441 | +€3,413 | +168.2% |
| Suppliers | 440/4 | €2,029 | €5,441 | +€3,413 | +168.2% |
| Taxes, remuneration and social security | 45 | €14,354 | €15,808 | +€1,453 | +10.1% |
| Taxes | 450/3 | €14,354 | €15,808 | +€1,453 | +10.1% |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €696 | €628 | -€68 | -9.7% |
| Other operating charges | 640/8 | - | €585 | +€585 | |
| Gross operating margin | 9900 | €29,721 | €8,050 | -€21,671 | -72.9% |
| Operating profit (loss) | 9901 | €29,025 | €6,837 | -€22,188 | -76.4% |
| Financial income | 75/76B | €110 | €140 | +€30 | +27.6% |
| Recurring financial income | 75 | €110 | €140 | +€30 | +27.6% |
| Financial charges | 65/66B | €8 | €3,814 | +€3,806 | +46414.8% |
| Recurring financial charges | 65 | €8 | €3,814 | +€3,806 | +46414.8% |
| Profit (loss) for the period before taxes | 9903 | €29,127 | €3,163 | -€25,964 | -89.1% |
| Income taxes | 67/77 | €6,842 | €6,999 | +€156 | +2.3% |
| Profit (loss) for the period | 9904 | €22,284 | -€3,836 | -€26,120 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,284 | -€3,836 | -€26,120 |
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 6 October 2026 via checked.be.