Notabox: 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.
Notabox
Largest movements
- Receivables within one year +€57,931
up €57,931 (+203.1%), from €28,528 to €86,459
of which Other amounts receivable: +€72,056
- Tangible fixed assets -€52,150
down €52,150 (-24.0%), from €217,189 to €165,039
of which Furniture and vehicles: -€32,400
- Cash -€8,768
down €8,768 (-15.2%), from €57,649 to €48,881
mainly Contributions, distributions and other (-€152,748) and Receivables within one year (-€57,931)
- Other debts +€125,500
up €125,500 (+3714.1%), from €3,379 to €128,879
- Reserves -€121,208
down €121,208 (-100.0%), from €121,208 to €0
- Debts after one year -€36,774
down €36,774 (-33.2%), from €110,684 to €73,911
- Tax, wage and social debts +€31,924
up €31,924 (+235.1%), from €13,579 to €45,504
- Gross operating margin +€37,894
up €37,894 (+59.1%), from €64,102 to €101,996
- Taxes +€9,565
up €9,565 (+225.7%), from €4,238 to €13,803
- Depreciation -€1,783
down €1,783 (-3.3%), from €53,932 to €52,150
- Financial charges -€1,071
down €1,071 (-21.7%), from €4,935 to €3,864
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 | €306,865 | €304,656 | -€2,209 | -0.7% |
| Fixed assets | 21/28 | €217,189 | €165,039 | -€52,150 | -24.0% |
| Tangible fixed assets | 22/27 | €217,189 | €165,039 | -€52,150 | -24.0% |
| Furniture and vehicles | 24 | €105,729 | €73,329 | -€32,400 | -30.6% |
| Other tangible fixed assets | 26 | €111,459 | €91,710 | -€19,750 | -17.7% |
| Current assets | 29/58 | €89,677 | €139,617 | +€49,940 | +55.7% |
| Amounts receivable within one year | 40/41 | €28,528 | €86,459 | +€57,931 | +203.1% |
| Trade receivables | 40 | €14,125 | €0 | -€14,125 | -100.0% |
| Other amounts receivable | 41 | €14,402 | €86,459 | +€72,056 | +500.3% |
| Cash at bank and in hand | 54/58 | €57,649 | €48,881 | -€8,768 | -15.2% |
| Deferred charges and accrued income | 490/1 | €3,500 | €4,277 | +€777 | +22.2% |
| Total equity and liabilities | 10/49 | €306,865 | €304,656 | -€2,209 | -0.7% |
| Equity | 10/15 | €139,808 | €18,600 | -€121,208 | -86.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,208 | €0 | -€121,208 | -100.0% |
| Distributable reserves | 133 | €121,208 | €0 | -€121,208 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,058 | €286,056 | +€118,998 | +71.2% |
| Amounts payable after more than one year | 17 | €110,684 | €73,911 | -€36,774 | -33.2% |
| Financial debts | 170/4 | €110,684 | €73,911 | -€36,774 | -33.2% |
| Amounts payable within one year | 42/48 | €56,373 | €212,145 | +€155,772 | +276.3% |
| Current portion of amounts payable after more than one year | 42 | €35,608 | €36,774 | +€1,166 | +3.3% |
| Trade debts | 44 | €3,807 | €989 | -€2,819 | -74.0% |
| Suppliers | 440/4 | €3,807 | €989 | -€2,819 | -74.0% |
| Taxes, remuneration and social security | 45 | €13,579 | €45,504 | +€31,924 | +235.1% |
| Taxes | 450/3 | €13,579 | €45,504 | +€31,924 | +235.1% |
| Other amounts payable | 47/48 | €3,379 | €128,879 | +€125,500 | +3714.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,932 | €52,150 | -€1,783 | -3.3% |
| Other operating charges | 640/8 | €685 | €638 | -€47 | -6.8% |
| Gross operating margin | 9900 | €64,102 | €101,996 | +€37,894 | +59.1% |
| Operating profit (loss) | 9901 | €9,484 | €49,208 | +€39,723 | +418.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €4,935 | €3,864 | -€1,071 | -21.7% |
| Recurring financial charges | 65 | €4,935 | €3,864 | -€1,071 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €4,550 | €45,343 | +€40,794 | +896.6% |
| Income taxes | 67/77 | €4,238 | €13,803 | +€9,565 | +225.7% |
| Profit (loss) for the period | 9904 | €312 | €31,540 | +€31,229 | +10024.9% |
| Profit (loss) for the period to be appropriated | 9905 | €312 | €31,540 | +€31,229 | +10024.9% |
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 7 October 2026 via checked.be.