NOTAG: 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.
NOTAG
Largest movements
- Receivables within one year +€34,422
new in 2025: €34,422
- Tangible fixed assets +€14,401
up €14,401 (+92.5%), from €15,561 to €29,962
- Cash +€1,266
up €1,266 (+17.1%), from €7,397 to €8,663
mainly Net result for the year (+€26,077) and Tax, wage and social debts (+€13,981)
- Deferred charges and accrued income +€856
up €856 (+65.2%), from €1,312 to €2,168
- Reserves +€26,077
up €26,077 (+13836.8%), from €188 to €26,265
- Tax, wage and social debts +€13,981
up €13,981 (+378.2%), from €3,697 to €17,678
- Other debts +€8,281
up €8,281 (+44.8%), from €18,479 to €26,760
- Trade debts +€2,606
up €2,606 (+287.7%), from €906 to €3,512
- Gross operating margin +€47,038
up €47,038 (+1025.6%), from €4,586 to €51,624
- Other operating charges +€13,505
up €13,505 (+1593.6%), from €847 to €14,353
- Taxes +€8,022
up €8,022 (+1195.6%), from €671 to €8,693
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 | €24,270 | €75,215 | +€50,946 | +209.9% |
| Fixed assets | 21/28 | €15,561 | €29,962 | +€14,401 | +92.5% |
| Tangible fixed assets | 22/27 | €15,561 | €29,962 | +€14,401 | +92.5% |
| Furniture and vehicles | 24 | €15,561 | €29,962 | +€14,401 | +92.5% |
| Current assets | 29/58 | €8,709 | €45,253 | +€36,544 | +419.6% |
| Amounts receivable within one year | 40/41 | - | €34,422 | +€34,422 | |
| Trade receivables | 40 | - | €34,422 | +€34,422 | |
| Cash at bank and in hand | 54/58 | €7,397 | €8,663 | +€1,266 | +17.1% |
| Deferred charges and accrued income | 490/1 | €1,312 | €2,168 | +€856 | +65.2% |
| Total equity and liabilities | 10/49 | €24,270 | €75,215 | +€50,946 | +209.9% |
| Equity | 10/15 | €1,188 | €27,265 | +€26,077 | +2194.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €188 | €26,265 | +€26,077 | +13836.8% |
| Distributable reserves | 133 | €188 | €26,265 | +€26,077 | +13836.8% |
| Amounts payable | 17/49 | €23,081 | €47,950 | +€24,869 | +107.7% |
| Amounts payable within one year | 42/48 | €23,081 | €47,950 | +€24,869 | +107.7% |
| Trade debts | 44 | €906 | €3,512 | +€2,606 | +287.7% |
| Suppliers | 440/4 | €906 | €3,512 | +€2,606 | +287.7% |
| Taxes, remuneration and social security | 45 | €3,697 | €17,678 | +€13,981 | +378.2% |
| Taxes | 450/3 | €3,697 | €17,678 | +€13,981 | +378.2% |
| Other amounts payable | 47/48 | €18,479 | €26,760 | +€8,281 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,867 | €2,472 | -€394 | -13.8% |
| Other operating charges | 640/8 | €847 | €14,353 | +€13,505 | +1593.6% |
| Gross operating margin | 9900 | €4,586 | €51,624 | +€47,038 | +1025.6% |
| Operating profit (loss) | 9901 | €872 | €34,799 | +€33,927 | +3889.2% |
| Financial charges | 65/66B | €13 | €30 | +€17 | +128.3% |
| Recurring financial charges | 65 | €13 | €30 | +€17 | +128.3% |
| Profit (loss) for the period before taxes | 9903 | €859 | €34,770 | +€33,911 | +3945.8% |
| Income taxes | 67/77 | €671 | €8,693 | +€8,022 | +1195.6% |
| Profit (loss) for the period | 9904 | €188 | €26,077 | +€25,888 | +13736.8% |
| Profit (loss) for the period to be appropriated | 9905 | €188 | €26,077 | +€25,888 | +13736.8% |
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.