NOTARACT: 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.
NOTARACT
Largest movements
- Cash -€2.7m
down €2.7m (-28.3%), from €9.7m to €6.9m
mainly Trade debts (-€3.1m) and Debts after one year (-€639,756)
- Intangible fixed assets -€478,827
down €478,827 (-13.8%), from €3.5m to €3.0m
- Trade debts -€3.1m
down €3.1m (-44.9%), from €6.8m to €3.8m
- Debts after one year -€639,756
down €639,756 (-11.8%), from €5.4m to €4.8m
- Other debts +€500,000
up €500,000 (+43.9%), from €1.1m to €1.6m
- Tax, wage and social debts -€176,856
down €176,856 (-7.1%), from €2.5m to €2.3m
of which Taxes: -€226,016
- Gross operating margin +€442,983
up €442,983 (+16.6%), from €2.7m to €3.1m
- Taxes +€89,150
up €89,150 (+85.4%), from €104,336 to €193,485
- Other operating charges +€64,903
up €64,903 (+103.7%), from €62,574 to €127,476
- Staff costs +€43,532
up €43,532 (+2.8%), from €1.6m to €1.6m
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 | €16,691,092 | €13,352,307 | -€3.3m | -20.0% |
| Fixed assets | 21/28 | €6,480,638 | €5,946,298 | -€534,340 | -8.2% |
| Intangible fixed assets | 21 | €3,481,126 | €3,002,298 | -€478,827 | -13.8% |
| Tangible fixed assets | 22/27 | €2,999,512 | €2,944,000 | -€55,512 | -1.9% |
| Land and buildings | 22 | €2,855,809 | €2,824,864 | -€30,945 | -1.1% |
| Plant, machinery and equipment | 23 | €93,940 | €75,926 | -€18,014 | -19.2% |
| Furniture and vehicles | 24 | €49,763 | €43,210 | -€6,554 | -13.2% |
| Current assets | 29/58 | €10,210,455 | €7,406,010 | -€2.8m | -27.5% |
| Amounts receivable within one year | 40/41 | €509,441 | €436,194 | -€73,247 | -14.4% |
| Trade receivables | 40 | €52,303 | €101,722 | +€49,418 | +94.5% |
| Other amounts receivable | 41 | €457,138 | €334,472 | -€122,666 | -26.8% |
| Cash at bank and in hand | 54/58 | €9,675,065 | €6,933,502 | -€2.7m | -28.3% |
| Deferred charges and accrued income | 490/1 | €25,949 | €36,314 | +€10,365 | +39.9% |
| Total equity and liabilities | 10/49 | €16,691,092 | €13,352,307 | -€3.3m | -20.0% |
| Equity | 10/15 | €137,143 | €170,474 | +€33,331 | +24.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,143 | €120,474 | +€33,331 | +38.2% |
| Amounts payable | 17/49 | €16,553,949 | €13,181,834 | -€3.4m | -20.4% |
| Amounts payable after more than one year | 17 | €5,444,507 | €4,804,751 | -€639,756 | -11.8% |
| Financial debts | 170/4 | €5,444,507 | €4,804,751 | -€639,756 | -11.8% |
| Amounts payable within one year | 42/48 | €11,104,048 | €8,364,052 | -€2.7m | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €639,756 | €639,756 | = | 0.0% |
| Trade debts | 44 | €6,827,169 | €3,764,029 | -€3.1m | -44.9% |
| Suppliers | 440/4 | €6,827,169 | €3,764,029 | -€3.1m | -44.9% |
| Taxes, remuneration and social security | 45 | €2,497,123 | €2,320,267 | -€176,856 | -7.1% |
| Taxes | 450/3 | €325,543 | €99,526 | -€226,016 | -69.4% |
| Remuneration and social security | 454/9 | €2,171,581 | €2,220,741 | +€49,160 | +2.3% |
| Other amounts payable | 47/48 | €1,140,000 | €1,640,000 | +€500,000 | +43.9% |
| Accrued charges and deferred income | 492/3 | €5,395 | €13,031 | +€7,636 | +141.5% |
| Remuneration, social security and pensions | 62 | €1,565,283 | €1,608,815 | +€43,532 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596,981 | €604,226 | +€7,245 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,980 | +€4,980 | |
| Other operating charges | 640/8 | €62,574 | €127,476 | +€64,903 | +103.7% |
| Gross operating margin | 9900 | €2,663,569 | €3,106,552 | +€442,983 | +16.6% |
| Operating profit (loss) | 9901 | €438,731 | €761,055 | +€322,324 | +73.5% |
| Financial income | 75/76B | €20,068 | €40,634 | +€20,566 | +102.5% |
| Recurring financial income | 75 | €20,068 | €40,634 | +€20,566 | +102.5% |
| Financial charges | 65/66B | €70,712 | €74,873 | +€4,161 | +5.9% |
| Recurring financial charges | 65 | €70,712 | €74,873 | +€4,161 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €388,087 | €726,816 | +€338,729 | +87.3% |
| Income taxes | 67/77 | €104,336 | €193,485 | +€89,150 | +85.4% |
| Profit (loss) for the period | 9904 | €283,751 | €533,331 | +€249,579 | +88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €283,751 | €533,331 | +€249,579 | +88.0% |
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 8 October 2026 via checked.be.