NOTART: 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.
NOTART
Largest movements
- Cash +€12,235
up €12,235 (+13.5%), from €90,856 to €103,091
mainly Depreciation (+€5,598) and Debts after one year (+€5,000)
- Tangible fixed assets -€5,598
down €5,598 (-3.2%), from €173,487 to €167,889
- Debts after one year +€5,000
up €5,000 (+4.2%), from €120,000 to €125,000
- Accrued charges and deferred income -€2,821
down €2,821 (-29.8%), from €9,459 to €6,638
- Financial charges -€2,825
down €2,825 (-29.8%), from €9,483 to €6,658
- Gross operating margin -€717
down €717 (-4.2%), from €17,197 to €16,480
- Taxes +€695
new in 2025: €695
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 | €267,211 | €272,726 | +€5,515 | +2.1% |
| Fixed assets | 21/28 | €174,397 | €169,449 | -€4,948 | -2.8% |
| Tangible fixed assets | 22/27 | €173,487 | €167,889 | -€5,598 | -3.2% |
| Land and buildings | 22 | €173,487 | €167,889 | -€5,598 | -3.2% |
| Financial fixed assets | 28 | €910 | €1,560 | +€650 | +71.4% |
| Current assets | 29/58 | €92,814 | €103,277 | +€10,463 | +11.3% |
| Amounts receivable within one year | 40/41 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | €90,856 | €103,091 | +€12,235 | +13.5% |
| Deferred charges and accrued income | 490/1 | €958 | €186 | -€772 | -80.6% |
| Total equity and liabilities | 10/49 | €267,211 | €272,726 | +€5,515 | +2.1% |
| Equity | 10/15 | €135,279 | €137,242 | +€1,963 | +1.5% |
| Contributions | 10/11 | €132,000 | €132,000 | = | 0.0% |
| Reserves | 13 | €3,279 | €5,242 | +€1,963 | +59.9% |
| Distributable reserves | 133 | €3,279 | €5,242 | +€1,963 | +59.9% |
| Amounts payable | 17/49 | €131,932 | €135,484 | +€3,552 | +2.7% |
| Amounts payable after more than one year | 17 | €120,000 | €125,000 | +€5,000 | +4.2% |
| Other amounts payable | 178/9 | €120,000 | €125,000 | +€5,000 | +4.2% |
| Amounts payable within one year | 42/48 | €2,474 | €3,847 | +€1,373 | +55.5% |
| Trade debts | 44 | €513 | €528 | +€14 | +2.8% |
| Suppliers | 440/4 | €513 | €528 | +€14 | +2.8% |
| Taxes, remuneration and social security | 45 | - | €695 | +€695 | |
| Taxes | 450/3 | - | €695 | +€695 | |
| Other amounts payable | 47/48 | €1,960 | €2,624 | +€663 | +33.8% |
| Accrued charges and deferred income | 492/3 | €9,459 | €6,638 | -€2,821 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,598 | €5,598 | = | 0.0% |
| Other operating charges | 640/8 | €1,521 | €1,566 | +€45 | +2.9% |
| Gross operating margin | 9900 | €17,197 | €16,480 | -€717 | -4.2% |
| Operating profit (loss) | 9901 | €10,078 | €9,316 | -€762 | -7.6% |
| Financial charges | 65/66B | €9,483 | €6,658 | -€2,825 | -29.8% |
| Recurring financial charges | 65 | €9,483 | €6,658 | -€2,825 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €596 | €2,658 | +€2,063 | +346.3% |
| Income taxes | 67/77 | - | €695 | +€695 | |
| Profit (loss) for the period | 9904 | €596 | €1,963 | +€1,368 | +229.6% |
| Profit (loss) for the period to be appropriated | 9905 | €596 | €1,963 | +€1,368 | +229.6% |
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 5 October 2026 via checked.be.