NOTAPAN: 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.
NOTAPAN
Largest movements
- Receivables within one year -€39,716
down €39,716 (-99.3%), from €40,000 to €284
of which Trade receivables: -€40,000
- Cash -€23,287
down €23,287 (-23.9%), from €97,557 to €74,270
mainly Contributions, distributions and other (-€120,000) and Debts after one year (-€19,158)
- Tangible fixed assets -€16,109
down €16,109 (-8.8%), from €182,836 to €166,727
of which Land and buildings: -€14,444
- Reserves -€43,727
down €43,727 (-39.5%), from €110,832 to €67,106
- Debts after one year -€19,158
down €19,158 (-10.9%), from €175,951 to €156,793
- Other debts -€15,816
down €15,816 (-85.6%), from €18,487 to €2,671
- Financial income -€100,880
down €100,880 (-98.6%), from €102,314 to €1,433
- Gross operating margin +€7,966
up €7,966 (+7.3%), from €109,356 to €117,322
- Financial charges +€2,164
up €2,164 (+81.8%), from €2,646 to €4,810
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.
Derived cash bridge
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 | €358,757 | €279,692 | -€79,064 | -22.0% |
| Fixed assets | 21/28 | €219,336 | €203,227 | -€16,109 | -7.3% |
| Tangible fixed assets | 22/27 | €182,836 | €166,727 | -€16,109 | -8.8% |
| Land and buildings | 22 | €176,944 | €162,500 | -€14,444 | -8.2% |
| Plant, machinery and equipment | 23 | €5,242 | €4,123 | -€1,119 | -21.4% |
| Furniture and vehicles | 24 | €649 | €105 | -€545 | -83.9% |
| Financial fixed assets | 28 | €36,500 | €36,500 | = | 0.0% |
| Current assets | 29/58 | €139,421 | €76,465 | -€62,956 | -45.2% |
| Amounts receivable within one year | 40/41 | €40,000 | €284 | -€39,716 | -99.3% |
| Trade receivables | 40 | €40,000 | €0 | -€40,000 | -100% |
| Other amounts receivable | 41 | - | €284 | +€284 | |
| Cash at bank and in hand | 54/58 | €97,557 | €74,270 | -€23,287 | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,864 | €1,911 | +€47 | +2.5% |
| Total equity and liabilities | 10/49 | €358,757 | €279,692 | -€79,064 | -22.0% |
| Equity | 10/15 | €129,432 | €85,706 | -€43,727 | -33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,832 | €67,106 | -€43,727 | -39.5% |
| Distributable reserves | 133 | €110,832 | €67,106 | -€43,727 | -39.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €229,324 | €193,987 | -€35,338 | -15.4% |
| Amounts payable after more than one year | 17 | €175,951 | €156,793 | -€19,158 | -10.9% |
| Financial debts | 170/4 | €175,951 | €156,793 | -€19,158 | -10.9% |
| Amounts payable within one year | 42/48 | €53,374 | €37,194 | -€16,180 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €18,969 | €19,158 | +€188 | +1.0% |
| Trade debts | 44 | €562 | €357 | -€205 | -36.5% |
| Suppliers | 440/4 | €562 | €357 | -€205 | -36.5% |
| Taxes, remuneration and social security | 45 | €15,356 | €15,009 | -€348 | -2.3% |
| Taxes | 450/3 | €15,356 | €15,009 | -€348 | -2.3% |
| Other amounts payable | 47/48 | €18,487 | €2,671 | -€15,816 | -85.6% |
| Non-recurring operating income | 76A | - | €5,852 | +€5,852 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,343 | €16,109 | +€765 | +5.0% |
| Other operating charges | 640/8 | €1,426 | €1,467 | +€41 | +2.8% |
| Gross operating margin | 9900 | €109,356 | €117,322 | +€7,966 | +7.3% |
| Operating profit (loss) | 9901 | €92,586 | €99,746 | +€7,160 | +7.7% |
| Financial income | 75/76B | €102,314 | €1,433 | -€100,880 | -98.6% |
| Recurring financial income | 75 | €102,314 | €1,433 | -€100,880 | -98.6% |
| Financial charges | 65/66B | €2,646 | €4,810 | +€2,164 | +81.8% |
| Recurring financial charges | 65 | €2,646 | €4,810 | +€2,164 | +81.8% |
| Profit (loss) for the period before taxes | 9903 | €192,254 | €96,369 | -€95,884 | -49.9% |
| Income taxes | 67/77 | €20,078 | €20,096 | +€18 | +0.1% |
| Profit (loss) for the period | 9904 | €172,176 | €76,273 | -€95,902 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €172,176 | €76,273 | -€95,902 | -55.7% |
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 13 October 2026 via checked.be.