Notaris SW: what changed
Notaris SW
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Cash -€194,410
down €194,410 (-26.8%), from €724,173 to €529,764
mainly Contributions, distributions and other (-€1.0m) and Other debts (-€555,000)
- Intangible fixed assets -€45,679
no longer reported in 2025 (was €45,679)
- Deferred charges and accrued income -€15,024
down €15,024 (-88.1%), from €17,049 to €2,026
- Other debts -€555,000
down €555,000 (-48.8%), from €1.1m to €582,750
- Tax, wage and social debts +€161,128
up €161,128 (+598%), from €26,930 to €188,058
of which Taxes: +€117,715
- Trade debts -€68,952
down €68,952 (-54.8%), from €125,775 to €56,822
- Current portion of long-term debt -€45,681
no longer reported in 2025 (was €45,681)
- Profit (loss) carried forward -€22,650
down €22,650 (-33.4%), from €67,744 to €45,094
- Gross operating margin +€506,668
up €506,668 (+50.5%), from €1.0m to €1.5m
- Taxes +€266,261
up €266,261 (+2,958%), from €9,001 to €275,262
- Depreciation -€45,477
down €45,477 (-43.4%), from €104,688 to €59,212
- Staff costs +€28,335
up €28,335 (+20.1%), from €140,644 to €168,978
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,424,341 | €893,185 | -€531,155 | -37.3% |
| Fixed assets | 21/28 | €139,965 | €80,753 | -€59,212 | -42.3% |
| Intangible fixed assets | 21 | €45,679 | - | -€45,679 | |
| Tangible fixed assets | 22/27 | €94,286 | €80,753 | -€13,532 | -14.4% |
| Other tangible fixed assets | 26 | €94,286 | €80,753 | -€13,532 | -14.4% |
| Current assets | 29/58 | €1,284,376 | €812,432 | -€471,944 | -36.7% |
| Amounts receivable within one year | 40/41 | €293,153 | €280,642 | -€12,511 | -4.3% |
| Trade receivables | 40 | €200,438 | €224,078 | +€23,640 | +11.8% |
| Other amounts receivable | 41 | €92,715 | €56,564 | -€36,150 | -39.0% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €724,173 | €529,764 | -€194,410 | -26.8% |
| Deferred charges and accrued income | 490/1 | €17,049 | €2,026 | -€15,024 | -88.1% |
| Total equity and liabilities | 10/49 | €1,424,341 | €893,185 | -€531,155 | -37.3% |
| Equity | 10/15 | €88,204 | €65,554 | -€22,650 | -25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,744 | €45,094 | -€22,650 | -33.4% |
| Amounts payable | 17/49 | €1,336,136 | €827,631 | -€508,505 | -38.1% |
| Amounts payable within one year | 42/48 | €1,336,136 | €827,631 | -€508,505 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €45,681 | - | -€45,681 | |
| Trade debts | 44 | €125,775 | €56,822 | -€68,952 | -54.8% |
| Suppliers | 440/4 | €125,775 | €56,822 | -€68,952 | -54.8% |
| Taxes, remuneration and social security | 45 | €26,930 | €188,058 | +€161,128 | +598% |
| Taxes | 450/3 | - | €117,715 | +€117,715 | |
| Remuneration and social security | 454/9 | €26,930 | €70,343 | +€43,413 | +161% |
| Other amounts payable | 47/48 | €1,137,750 | €582,750 | -€555,000 | -48.8% |
| Remuneration, social security and pensions | 62 | €140,644 | €168,978 | +€28,335 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,688 | €59,212 | -€45,477 | -43.4% |
| Other operating charges | 640/8 | €18,728 | €28,411 | +€9,683 | +51.7% |
| Gross operating margin | 9900 | €1,002,898 | €1,509,566 | +€506,668 | +50.5% |
| Operating profit (loss) | 9901 | €738,838 | €1,252,965 | +€514,127 | +69.6% |
| Financial income | 75/76B | €16,999 | €21,931 | +€4,932 | +29.0% |
| Recurring financial income | 75 | €16,999 | €21,931 | +€4,932 | +29.0% |
| Financial charges | 65/66B | €1,846 | €2,285 | +€439 | +23.8% |
| Recurring financial charges | 65 | €1,846 | €2,285 | +€439 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €753,992 | €1,272,612 | +€518,620 | +68.8% |
| Income taxes | 67/77 | €9,001 | €275,262 | +€266,261 | +2,958% |
| Profit (loss) for the period | 9904 | €744,991 | €997,350 | +€252,359 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €744,991 | €997,350 | +€252,359 | +33.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.