NOTAPHIL: 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.
NOTAPHIL
Largest movements
- Receivables within one year -€268,140
down €268,140 (-31.1%), from €861,492 to €593,352
- Tangible fixed assets -€13,092
down €13,092 (-42.2%), from €30,993 to €17,901
- Other debts -€460,597
down €460,597 (-43.9%), from €1.0m to €587,922
- Profit (loss) carried forward +€175,767
new in 2025: €175,767
- Gross operating margin +€174,843
up €174,843 (+425.7%), from €41,075 to €215,918
- Financial income -€51,274
down €51,274 (-61.7%), from €83,134 to €31,860
- Taxes +€43,531
up €43,531 (+362.9%), from €11,996 to €55,527
- Financial charges -€8,978
down €8,978 (-84.0%), from €10,692 to €1,714
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 | €1,092,726 | €804,472 | -€288,254 | -26.4% |
| Fixed assets | 21/28 | €55,993 | €42,901 | -€13,092 | -23.4% |
| Tangible fixed assets | 22/27 | €30,993 | €17,901 | -€13,092 | -42.2% |
| Furniture and vehicles | 24 | €30,993 | €17,901 | -€13,092 | -42.2% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €1,036,733 | €761,571 | -€275,162 | -26.5% |
| Amounts receivable within one year | 40/41 | €861,492 | €593,352 | -€268,140 | -31.1% |
| Other amounts receivable | 41 | €861,492 | €593,352 | -€268,140 | -31.1% |
| Cash at bank and in hand | 54/58 | €173,728 | €166,629 | -€7,100 | -4.1% |
| Deferred charges and accrued income | 490/1 | €1,513 | €1,590 | +€78 | +5.1% |
| Total equity and liabilities | 10/49 | €1,092,726 | €804,472 | -€288,254 | -26.4% |
| Equity | 10/15 | €18,600 | €194,367 | +€175,767 | +945.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €175,767 | +€175,767 | |
| Amounts payable | 17/49 | €1,074,126 | €610,105 | -€464,021 | -43.2% |
| Amounts payable within one year | 42/48 | €1,071,626 | €606,755 | -€464,871 | -43.4% |
| Trade debts | 44 | €3,040 | €173 | -€2,867 | -94.3% |
| Suppliers | 440/4 | €3,040 | €173 | -€2,867 | -94.3% |
| Taxes, remuneration and social security | 45 | €20,067 | €18,660 | -€1,407 | -7.0% |
| Taxes | 450/3 | €14,317 | €12,910 | -€1,407 | -9.8% |
| Remuneration and social security | 454/9 | €5,750 | €5,750 | = | 0.0% |
| Other amounts payable | 47/48 | €1,048,519 | €587,922 | -€460,597 | -43.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | €3,350 | +€850 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,847 | €13,092 | -€755 | -5.5% |
| Other operating charges | 640/8 | €1,390 | €1,678 | +€289 | +20.8% |
| Gross operating margin | 9900 | €41,075 | €215,918 | +€174,843 | +425.7% |
| Operating profit (loss) | 9901 | €25,839 | €201,148 | +€175,309 | +678.5% |
| Financial income | 75/76B | €83,134 | €31,860 | -€51,274 | -61.7% |
| Recurring financial income | 75 | €83,134 | €31,860 | -€51,274 | -61.7% |
| Financial charges | 65/66B | €10,692 | €1,714 | -€8,978 | -84.0% |
| Recurring financial charges | 65 | €10,692 | €1,714 | -€8,978 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €98,281 | €231,294 | +€133,013 | +135.3% |
| Income taxes | 67/77 | €11,996 | €55,527 | +€43,531 | +362.9% |
| Profit (loss) for the period | 9904 | €86,285 | €175,767 | +€89,482 | +103.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,285 | €175,767 | +€89,482 | +103.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.