NoTApart: 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.
NoTApart
Largest movements
- Cash -€117,878
down €117,878 (-74.5%), from €158,190 to €40,312
mainly Contributions, distributions and other (-€250,000) and Debts after one year (-€24,206)
- Tangible fixed assets -€17,438
down €17,438 (-6.0%), from €291,065 to €273,627
of which Land and buildings: -€10,174
- Profit (loss) carried forward -€93,625
down €93,625 (-8.1%), from €1.2m to €1.1m
- Debts after one year -€24,206
down €24,206 (-36.2%), from €66,947 to €42,740
- Financial income -€75,571
down €75,571 (-34.2%), from €220,984 to €145,413
- Gross operating margin -€6,410
down €6,410 (-13.8%), from €46,456 to €40,046
- Taxes -€2,542
down €2,542 (-27.0%), from €9,414 to €6,872
- Financial charges -€1,115
down €1,115 (-34.7%), from €3,214 to €2,099
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 | €1,302,216 | €1,172,643 | -€129,573 | -10.0% |
| Fixed assets | 21/28 | €1,141,517 | €1,124,079 | -€17,438 | -1.5% |
| Tangible fixed assets | 22/27 | €291,065 | €273,627 | -€17,438 | -6.0% |
| Land and buildings | 22 | €266,547 | €256,374 | -€10,174 | -3.8% |
| Leasing and similar rights | 25 | €24,517 | €17,253 | -€7,264 | -29.6% |
| Financial fixed assets | 28 | €850,452 | €850,452 | = | 0.0% |
| Current assets | 29/58 | €160,699 | €48,564 | -€112,135 | -69.8% |
| Amounts receivable within one year | 40/41 | €2,509 | €8,251 | +€5,743 | +228.9% |
| Other amounts receivable | 41 | €2,509 | €8,251 | +€5,743 | +228.9% |
| Cash at bank and in hand | 54/58 | €158,190 | €40,312 | -€117,878 | -74.5% |
| Total equity and liabilities | 10/49 | €1,302,216 | €1,172,643 | -€129,573 | -10.0% |
| Equity | 10/15 | €1,180,706 | €1,087,081 | -€93,625 | -7.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,158,706 | €1,065,081 | -€93,625 | -8.1% |
| Amounts payable | 17/49 | €121,510 | €85,562 | -€35,949 | -29.6% |
| Amounts payable after more than one year | 17 | €66,947 | €42,740 | -€24,206 | -36.2% |
| Financial debts | 170/4 | €66,947 | €42,740 | -€24,206 | -36.2% |
| Amounts payable within one year | 42/48 | €54,564 | €42,821 | -€11,742 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €31,596 | €24,206 | -€7,389 | -23.4% |
| Trade debts | 44 | €5,917 | €7,072 | +€1,154 | +19.5% |
| Suppliers | 440/4 | €5,917 | €7,072 | +€1,154 | +19.5% |
| Taxes, remuneration and social security | 45 | €12,084 | €11,543 | -€541 | -4.5% |
| Taxes | 450/3 | €12,084 | €11,543 | -€541 | -4.5% |
| Other amounts payable | 47/48 | €4,967 | - | -€4,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,438 | €17,438 | = | 0.0% |
| Other operating charges | 640/8 | €2,592 | €2,674 | +€82 | +3.2% |
| Gross operating margin | 9900 | €46,456 | €40,046 | -€6,410 | -13.8% |
| Operating profit (loss) | 9901 | €26,426 | €19,934 | -€6,493 | -24.6% |
| Financial income | 75/76B | €220,984 | €145,413 | -€75,571 | -34.2% |
| Recurring financial income | 75 | €220,984 | €145,413 | -€75,571 | -34.2% |
| Financial charges | 65/66B | €3,214 | €2,099 | -€1,115 | -34.7% |
| Recurring financial charges | 65 | €3,214 | €2,099 | -€1,115 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €244,197 | €163,248 | -€80,949 | -33.1% |
| Income taxes | 67/77 | €9,414 | €6,872 | -€2,542 | -27.0% |
| Profit (loss) for the period | 9904 | €234,782 | €156,375 | -€78,407 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €234,782 | €156,375 | -€78,407 | -33.4% |
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 10 October 2026 via checked.be.