NOTADUX: 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.
NOTADUX
Largest movements
- Cash +€592,941
up €592,941 (+28.9%), from €2.0m to €2.6m
mainly Net result for the year (+€1.0m) and Other debts (+€357,590)
- Tangible fixed assets -€167,378
down €167,378 (-43.8%), from €382,524 to €215,146
- Receivables within one year -€41,787
down €41,787 (-11.2%), from €373,163 to €331,376
of which Other amounts receivable: -€76,000
- Other debts +€357,590
up €357,590 (+53.3%), from €671,435 to €1.0m
- Gross operating margin +€679,196
up €679,196 (+23.9%), from €2.8m to €3.5m
- Staff costs +€193,243
up €193,243 (+11.0%), from €1.8m to €1.9m
- Taxes +€116,402
up €116,402 (+47.8%), from €243,424 to €359,826
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 | €2,804,481 | €3,188,257 | +€383,776 | +13.7% |
| Fixed assets | 21/28 | €382,524 | €215,146 | -€167,378 | -43.8% |
| Tangible fixed assets | 22/27 | €382,524 | €215,146 | -€167,378 | -43.8% |
| Land and buildings | 22 | €179,974 | €100,981 | -€78,993 | -43.9% |
| Furniture and vehicles | 24 | €179,321 | €98,413 | -€80,907 | -45.1% |
| Other tangible fixed assets | 26 | €23,229 | €15,752 | -€7,477 | -32.2% |
| Current assets | 29/58 | €2,421,957 | €2,973,111 | +€551,154 | +22.8% |
| Amounts receivable within one year | 40/41 | €373,163 | €331,376 | -€41,787 | -11.2% |
| Trade receivables | 40 | €233,163 | €267,376 | +€34,213 | +14.7% |
| Other amounts receivable | 41 | €140,000 | €64,000 | -€76,000 | -54.3% |
| Cash at bank and in hand | 54/58 | €2,048,794 | €2,641,735 | +€592,941 | +28.9% |
| Total equity and liabilities | 10/49 | €2,804,481 | €3,188,257 | +€383,776 | +13.7% |
| Equity | 10/15 | €1,984,032 | €1,984,033 | +€1 | 0.0% |
| Contributions | 10/11 | €1,800,000 | €1,800,000 | = | 0.0% |
| Reserves | 13 | €180,000 | €180,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €180,000 | €180,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,032 | €4,033 | +€1 | 0.0% |
| Amounts payable | 17/49 | €820,448 | €1,204,224 | +€383,776 | +46.8% |
| Amounts payable within one year | 42/48 | €820,448 | €1,204,224 | +€383,776 | +46.8% |
| Trade debts | 44 | €69,554 | €71,125 | +€1,572 | +2.3% |
| Suppliers | 440/4 | €69,554 | €71,125 | +€1,572 | +2.3% |
| Taxes, remuneration and social security | 45 | €79,460 | €104,074 | +€24,614 | +31.0% |
| Taxes | 450/3 | €79,460 | €104,074 | +€24,614 | +31.0% |
| Other amounts payable | 47/48 | €671,435 | €1,029,025 | +€357,590 | +53.3% |
| Remuneration, social security and pensions | 62 | €1,756,665 | €1,949,908 | +€193,243 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,014 | €174,418 | -€6,597 | -3.6% |
| Other operating charges | 640/8 | €79,729 | €96,090 | +€16,361 | +20.5% |
| Gross operating margin | 9900 | €2,847,513 | €3,526,708 | +€679,196 | +23.9% |
| Operating profit (loss) | 9901 | €830,104 | €1,306,293 | +€476,189 | +57.4% |
| Financial income | 75/76B | €114,252 | €84,599 | -€29,653 | -26.0% |
| Recurring financial income | 75 | €114,252 | €84,599 | -€29,653 | -26.0% |
| Financial charges | 65/66B | €31,309 | €3,849 | -€27,460 | -87.7% |
| Recurring financial charges | 65 | €31,309 | €3,849 | -€27,460 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €913,047 | €1,387,043 | +€473,996 | +51.9% |
| Income taxes | 67/77 | €243,424 | €359,826 | +€116,402 | +47.8% |
| Profit (loss) for the period | 9904 | €669,623 | €1,027,217 | +€357,594 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €669,623 | €1,027,217 | +€357,594 | +53.4% |
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 1 October 2026 via checked.be.