Notare: 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.
Notare
Largest movements
- Receivables after one year -€685,164
down €685,164 (-64.8%), from €1.1m to €372,936
- Receivables within one year -€398,749
down €398,749 (-55.9%), from €713,339 to €314,590
of which Other amounts receivable: -€209,268
- Cash +€295,379
up €295,379 (+383.8%), from €76,971 to €372,350
mainly Receivables after one year (+€685,164) and Receivables within one year (+€398,749)
- Tangible fixed assets -€35,155
down €35,155 (-24.7%), from €142,222 to €107,067
- Reserves -€698,560
down €698,560 (-38.6%), from €1.8m to €1.1m
of which Distributable reserves: -€698,560
- Trade debts -€165,979
down €165,979 (-100.0%), from €165,979 to €0
- Gross operating margin -€79,251
down €79,251 (-19.5%), from €406,734 to €327,483
- Taxes -€32,706
down €32,706 (-27.2%), from €120,045 to €87,339
- Financial income -€27,093
down €27,093 (-74.1%), from €36,585 to €9,491
- Other operating charges -€7,682
down €7,682 (-33.8%), from €22,718 to €15,036
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 | €2,007,120 | €1,166,943 | -€840,177 | -41.9% |
| Fixed assets | 21/28 | €142,222 | €107,067 | -€35,155 | -24.7% |
| Tangible fixed assets | 22/27 | €142,222 | €107,067 | -€35,155 | -24.7% |
| Furniture and vehicles | 24 | €142,222 | €107,067 | -€35,155 | -24.7% |
| Current assets | 29/58 | €1,864,898 | €1,059,876 | -€805,022 | -43.2% |
| Amounts receivable after more than one year | 29 | €1,058,100 | €372,936 | -€685,164 | -64.8% |
| Other amounts receivable | 291 | €1,058,100 | €372,936 | -€685,164 | -64.8% |
| Amounts receivable within one year | 40/41 | €713,339 | €314,590 | -€398,749 | -55.9% |
| Trade receivables | 40 | €225,781 | €36,300 | -€189,481 | -83.9% |
| Other amounts receivable | 41 | €487,558 | €278,290 | -€209,268 | -42.9% |
| Cash at bank and in hand | 54/58 | €76,971 | €372,350 | +€295,379 | +383.8% |
| Deferred charges and accrued income | 490/1 | €16,488 | €0 | -€16,488 | -100.0% |
| Total equity and liabilities | 10/49 | €2,007,120 | €1,166,943 | -€840,177 | -41.9% |
| Equity | 10/15 | €1,827,912 | €1,129,352 | -€698,560 | -38.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,809,362 | €1,110,802 | -€698,560 | -38.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,809,362 | €1,110,802 | -€698,560 | -38.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €179,208 | €37,591 | -€141,617 | -79.0% |
| Amounts payable within one year | 42/48 | €179,208 | €37,591 | -€141,617 | -79.0% |
| Trade debts | 44 | €165,979 | €0 | -€165,979 | -100.0% |
| Suppliers | 440/4 | €165,979 | €0 | -€165,979 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,229 | €24,777 | +€11,548 | +87.3% |
| Taxes | 450/3 | €13,229 | €24,777 | +€11,548 | +87.3% |
| Other amounts payable | 47/48 | - | €12,814 | +€12,814 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,309 | €35,155 | +€1,846 | +5.5% |
| Other operating charges | 640/8 | €22,718 | €15,036 | -€7,682 | -33.8% |
| Gross operating margin | 9900 | €406,734 | €327,483 | -€79,251 | -19.5% |
| Operating profit (loss) | 9901 | €350,707 | €277,292 | -€73,415 | -20.9% |
| Financial income | 75/76B | €36,585 | €9,491 | -€27,093 | -74.1% |
| Recurring financial income | 75 | €36,585 | €9,491 | -€27,093 | -74.1% |
| Financial charges | 65/66B | €1,066 | €555 | -€511 | -48.0% |
| Recurring financial charges | 65 | €1,066 | €555 | -€511 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €386,226 | €286,229 | -€99,997 | -25.9% |
| Income taxes | 67/77 | €120,045 | €87,339 | -€32,706 | -27.2% |
| Profit (loss) for the period | 9904 | €266,181 | €198,890 | -€67,292 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €266,181 | €198,890 | -€67,292 | -25.3% |
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 29 September 2026 via checked.be.