NOTALINK: 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.
NOTALINK
Largest movements
- Receivables within one year +€95,402
up €95,402 (+8.9%), from €1.1m to €1.2m
of which Other amounts receivable: +€95,722
- Reserves +€1.0m
up €1.0m (+964.3%), from €106,244 to €1.1m
- Profit (loss) carried forward -€935,993
down €935,993 (-99.9%), from €936,718 to €725
- Gross operating margin +€17,772
up €17,772 (+22.6%), from €78,796 to €96,568
- Taxes +€9,033
up €9,033 (+25.4%), from €35,608 to €44,641
- Financial income +€3,800
up €3,800 (+10.9%), from €34,777 to €38,577
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 | €1,097,830 | €1,197,779 | +€99,949 | +9.1% |
| Current assets | 29/58 | €1,097,830 | €1,197,779 | +€99,949 | +9.1% |
| Amounts receivable within one year | 40/41 | €1,070,451 | €1,165,853 | +€95,402 | +8.9% |
| Trade receivables | 40 | €417 | €97 | -€320 | -76.8% |
| Other amounts receivable | 41 | €1,070,034 | €1,165,756 | +€95,722 | +8.9% |
| Cash at bank and in hand | 54/58 | €4,582 | €8,873 | +€4,291 | +93.7% |
| Deferred charges and accrued income | 490/1 | €22,797 | €23,054 | +€256 | +1.1% |
| Total equity and liabilities | 10/49 | €1,097,830 | €1,197,779 | +€99,949 | +9.1% |
| Equity | 10/15 | €1,049,162 | €1,137,659 | +€88,497 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,244 | €1,130,734 | +€1.0m | +964.3% |
| Distributable reserves | 133 | €106,244 | €1,130,734 | +€1.0m | +964.3% |
| Profit (loss) carried forward | 14 | €936,718 | €725 | -€935,993 | -99.9% |
| Amounts payable | 17/49 | €48,667 | €60,120 | +€11,453 | +23.5% |
| Amounts payable within one year | 42/48 | €48,667 | €60,120 | +€11,453 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €5,905 | €11,340 | +€5,435 | +92.0% |
| Trade debts | 44 | €427 | €80 | -€347 | -81.3% |
| Suppliers | 440/4 | €427 | €80 | -€347 | -81.3% |
| Taxes, remuneration and social security | 45 | €42,335 | €48,700 | +€6,365 | +15.0% |
| Taxes | 450/3 | €42,335 | €48,700 | +€6,365 | +15.0% |
| Other operating charges | 640/8 | €1,319 | €1,064 | -€255 | -19.3% |
| Gross operating margin | 9900 | €78,796 | €96,568 | +€17,772 | +22.6% |
| Operating profit (loss) | 9901 | €77,477 | €95,504 | +€18,027 | +23.3% |
| Financial income | 75/76B | €34,777 | €38,577 | +€3,800 | +10.9% |
| Recurring financial income | 75 | €34,777 | €38,577 | +€3,800 | +10.9% |
| Financial charges | 65/66B | €546 | €943 | +€397 | +72.7% |
| Recurring financial charges | 65 | €546 | €943 | +€397 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | €111,708 | €133,138 | +€21,430 | +19.2% |
| Income taxes | 67/77 | €35,608 | €44,641 | +€9,033 | +25.4% |
| Profit (loss) for the period | 9904 | €76,100 | €88,497 | +€12,397 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,100 | €88,497 | +€12,397 | +16.3% |
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 4 October 2026 via checked.be.