NOTABES: 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.
NOTABES
Largest movements
- Current investments -€610,589
down €610,589 (-31.7%), from €1.9m to €1.3m
- Receivables within one year +€511,812
up €511,812 (+23.8%), from €2.1m to €2.7m
of which Other amounts receivable: +€503,501
- Receivables after one year +€260,000
up €260,000 (+23.1%), from €1.1m to €1.4m
- Cash +€76,066
up €76,066 (+27.0%), from €281,966 to €358,032
mainly Net result for the year (+€917,787) and Current investments (+€610,589)
- Reserves +€340,000
up €340,000 (+6.5%), from €5.2m to €5.6m
- Tax, wage and social debts -€118,448
down €118,448 (-77.5%), from €152,776 to €34,328
- Gross operating margin -€332,928
down €332,928 (-21.0%), from €1.6m to €1.2m
- Taxes -€70,656
down €70,656 (-13.4%), from €525,331 to €454,675
- Financial income +€44,376
up €44,376 (+38.2%), from €116,252 to €160,628
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 | €5,987,255 | €6,256,269 | +€269,013 | +4.5% |
| Fixed assets | 21/28 | €360,756 | €339,118 | -€21,638 | -6.0% |
| Tangible fixed assets | 22/27 | €360,756 | €339,118 | -€21,638 | -6.0% |
| Land and buildings | 22 | €360,756 | €339,118 | -€21,638 | -6.0% |
| Current assets | 29/58 | €5,626,500 | €5,917,151 | +€290,651 | +5.2% |
| Amounts receivable after more than one year | 29 | €1,125,000 | €1,385,000 | +€260,000 | +23.1% |
| Other amounts receivable | 291 | €1,125,000 | €1,385,000 | +€260,000 | +23.1% |
| Amounts receivable within one year | 40/41 | €2,147,577 | €2,659,390 | +€511,812 | +23.8% |
| Trade receivables | 40 | €252,078 | €260,390 | +€8,312 | +3.3% |
| Other amounts receivable | 41 | €1,895,499 | €2,399,000 | +€503,501 | +26.6% |
| Current investments | 50/53 | €1,928,791 | €1,318,202 | -€610,589 | -31.7% |
| Cash at bank and in hand | 54/58 | €281,966 | €358,032 | +€76,066 | +27.0% |
| Deferred charges and accrued income | 490/1 | €143,165 | €196,527 | +€53,362 | +37.3% |
| Total equity and liabilities | 10/49 | €5,987,255 | €6,256,269 | +€269,013 | +4.5% |
| Equity | 10/15 | €5,266,851 | €5,609,638 | +€342,787 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,234,860 | €5,574,860 | +€340,000 | +6.5% |
| Distributable reserves | 133 | €5,234,860 | €5,574,860 | +€340,000 | +6.5% |
| Profit (loss) carried forward | 14 | €19,591 | €22,378 | +€2,787 | +14.2% |
| Amounts payable | 17/49 | €720,404 | €646,631 | -€73,773 | -10.2% |
| Amounts payable within one year | 42/48 | €720,404 | €646,280 | -€74,124 | -10.3% |
| Trade debts | 44 | €16,545 | €3,303 | -€13,242 | -80.0% |
| Suppliers | 440/4 | €16,545 | €3,303 | -€13,242 | -80.0% |
| Taxes, remuneration and social security | 45 | €152,776 | €34,328 | -€118,448 | -77.5% |
| Taxes | 450/3 | €152,776 | €34,328 | -€118,448 | -77.5% |
| Other amounts payable | 47/48 | €551,083 | €608,649 | +€57,566 | +10.4% |
| Accrued charges and deferred income | 492/3 | - | €351 | +€351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,651 | €21,638 | -€2,013 | -8.5% |
| Other operating charges | 640/8 | €5,389 | €11,364 | +€5,975 | +111% |
| Gross operating margin | 9900 | €1,581,691 | €1,248,763 | -€332,928 | -21.0% |
| Operating profit (loss) | 9901 | €1,552,652 | €1,215,761 | -€336,891 | -21.7% |
| Financial income | 75/76B | €116,252 | €160,628 | +€44,376 | +38.2% |
| Recurring financial income | 75 | €116,252 | €160,628 | +€44,376 | +38.2% |
| Financial charges | 65/66B | €4,543 | €3,928 | -€616 | -13.5% |
| Recurring financial charges | 65 | €4,543 | €3,928 | -€616 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €1,664,361 | €1,372,462 | -€291,899 | -17.5% |
| Income taxes | 67/77 | €525,331 | €454,675 | -€70,656 | -13.4% |
| Profit (loss) for the period | 9904 | €1,139,030 | €917,787 | -€221,243 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,139,030 | €917,787 | -€221,243 | -19.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.