Notable Group: 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.
Notable Group
Largest movements
- Tangible fixed assets -€101,691
down €101,691 (-3.4%), from €3.0m to €2.9m
- Debts after one year -€68,946
down €68,946 (-2.0%), from €3.4m to €3.3m
of which Financial debts: -€67,626
- Profit (loss) carried forward -€61,081
down €61,081 (-17.9%), from -€341,376 to -€402,457
- Gross operating margin +€9,728
up €9,728 (+10.5%), from €92,862 to €102,590
- Depreciation +€1,296
up €1,296 (+1.1%), from €118,375 to €119,671
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 | €3,083,109 | €2,960,148 | -€122,961 | -4.0% |
| Fixed assets | 21/28 | €2,987,175 | €2,885,484 | -€101,691 | -3.4% |
| Tangible fixed assets | 22/27 | €2,987,175 | €2,885,484 | -€101,691 | -3.4% |
| Land and buildings | 22 | €2,987,175 | €2,885,484 | -€101,691 | -3.4% |
| Current assets | 29/58 | €95,935 | €74,664 | -€21,271 | -22.2% |
| Amounts receivable within one year | 40/41 | €4,971 | €1,136 | -€3,835 | -77.1% |
| Trade receivables | 40 | €3,808 | - | -€3,808 | |
| Other amounts receivable | 41 | €1,163 | €1,136 | -€27 | -2.3% |
| Cash at bank and in hand | 54/58 | €89,779 | €72,290 | -€17,489 | -19.5% |
| Deferred charges and accrued income | 490/1 | €1,185 | €1,238 | +€53 | +4.5% |
| Total equity and liabilities | 10/49 | €3,083,109 | €2,960,148 | -€122,961 | -4.0% |
| Equity | 10/15 | -€331,376 | -€392,457 | -€61,081 | -18.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€341,376 | -€402,457 | -€61,081 | -17.9% |
| Amounts payable | 17/49 | €3,414,485 | €3,352,605 | -€61,881 | -1.8% |
| Amounts payable after more than one year | 17 | €3,413,043 | €3,344,097 | -€68,946 | -2.0% |
| Financial debts | 170/4 | €3,410,123 | €3,342,497 | -€67,626 | -2.0% |
| Other amounts payable | 178/9 | €2,920 | €1,600 | -€1,320 | -45.2% |
| Amounts payable within one year | 42/48 | €1,442 | €5,330 | +€3,888 | +269.6% |
| Trade debts | 44 | €1,442 | €5,330 | +€3,888 | +269.6% |
| Suppliers | 440/4 | €1,442 | €5,330 | +€3,888 | +269.6% |
| Accrued charges and deferred income | 492/3 | - | €3,177 | +€3,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,375 | €119,671 | +€1,296 | +1.1% |
| Other operating charges | 640/8 | €8,123 | €8,427 | +€304 | +3.7% |
| Non-recurring operating charges | 66A | - | €3,123 | +€3,123 | |
| Gross operating margin | 9900 | €92,862 | €102,590 | +€9,728 | +10.5% |
| Operating profit (loss) | 9901 | -€33,636 | -€28,632 | +€5,005 | +14.9% |
| Financial charges | 65/66B | €32,834 | €32,449 | -€385 | -1.2% |
| Recurring financial charges | 65 | €32,834 | €32,449 | -€385 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€66,470 | -€61,081 | +€5,389 | +8.1% |
| Profit (loss) for the period | 9904 | -€66,470 | -€61,081 | +€5,389 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,470 | -€61,081 | +€5,389 | +8.1% |
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 10 October 2026 via checked.be.