Notavitis: what changed
Two financial 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.
Notavitis
Largest movements
- Tangible fixed assets +€148,923
up €148,923 (+46.3%), from €321,930 to €470,852
of which Land and buildings: +€163,694
- Debts after one year +€153,094
up €153,094 (+208%), from €73,700 to €226,794
- Profit (loss) carried forward -€32,516
down €32,516 (-45.8%), from €71,014 to €38,499
- Other debts +€26,371
up €26,371 (+83.3%), from €31,671 to €58,041
- Trade debts +€8,783
up €8,783 (+1,428%), from €615 to €9,398
- Depreciation +€24,253
up €24,253 (+135%), from €18,000 to €42,253
- Gross operating margin +€15,566
up €15,566 (+109%), from €14,284 to €29,850
- Other operating charges +€11,926
up €11,926 (+228%), from €5,240 to €17,166
- Financial charges +€4,004
up €4,004 (+201%), from €1,990 to €5,994
- Taxes -€347
down €347, from €200 to -€147
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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,084 | €495,472 | +€155,389 | +45.7% |
| Fixed assets | 21/28 | €322,050 | €470,972 | +€148,923 | +46.2% |
| Tangible fixed assets | 22/27 | €321,930 | €470,852 | +€148,923 | +46.3% |
| Land and buildings | 22 | €302,729 | €466,423 | +€163,694 | +54.1% |
| Furniture and vehicles | 24 | €19,200 | €4,429 | -€14,771 | -76.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €18,034 | €24,500 | +€6,466 | +35.9% |
| Amounts receivable within one year | 40/41 | €15,652 | €19,968 | +€4,316 | +27.6% |
| Trade receivables | 40 | €4,814 | €12,894 | +€8,079 | +168% |
| Other amounts receivable | 41 | €10,838 | €7,074 | -€3,764 | -34.7% |
| Cash at bank and in hand | 54/58 | €1,834 | €4,532 | +€2,698 | +147% |
| Deferred charges and accrued income | 490/1 | €548 | - | -€548 | |
| Total equity and liabilities | 10/49 | €340,084 | €495,472 | +€155,389 | +45.7% |
| Equity | 10/15 | €200,695 | €166,265 | -€34,430 | -17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,481 | €121,567 | -€1,915 | -1.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €34,746 | €32,832 | -€1,915 | -5.5% |
| Distributable reserves | 133 | €86,875 | €88,735 | +€1,860 | +2.1% |
| Profit (loss) carried forward | 14 | €71,014 | €38,499 | -€32,516 | -45.8% |
| Provisions and deferred taxes | 16 | €17,892 | €16,906 | -€986 | -5.5% |
| Deferred taxes | 168 | €17,892 | €16,906 | -€986 | -5.5% |
| Amounts payable | 17/49 | €121,496 | €312,301 | +€190,805 | +157% |
| Amounts payable after more than one year | 17 | €73,700 | €226,794 | +€153,094 | +208% |
| Financial debts | 170/4 | €73,700 | €226,794 | +€153,094 | +208% |
| Amounts payable within one year | 42/48 | €47,796 | €84,617 | +€36,821 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €14,168 | €16,978 | +€2,810 | +19.8% |
| Trade debts | 44 | €615 | €9,398 | +€8,783 | +1,428% |
| Suppliers | 440/4 | €615 | €9,398 | +€8,783 | +1,428% |
| Taxes, remuneration and social security | 45 | €1,342 | €200 | -€1,142 | -85.1% |
| Taxes | 450/3 | €1,342 | €200 | -€1,142 | -85.1% |
| Other amounts payable | 47/48 | €31,671 | €58,041 | +€26,371 | +83.3% |
| Accrued charges and deferred income | 492/3 | - | €890 | +€890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,000 | €42,253 | +€24,253 | +135% |
| Other operating charges | 640/8 | €5,240 | €17,166 | +€11,926 | +228% |
| Gross operating margin | 9900 | €14,284 | €29,850 | +€15,566 | +109% |
| Operating profit (loss) | 9901 | -€8,956 | -€29,569 | -€20,613 | -230% |
| Financial charges | 65/66B | €1,990 | €5,994 | +€4,004 | +201% |
| Recurring financial charges | 65 | €1,990 | €5,994 | +€4,004 | +201% |
| Profit (loss) for the period before taxes | 9903 | -€10,946 | -€35,563 | -€24,618 | -225% |
| Transfer from deferred taxes | 780 | €657 | €986 | +€329 | +50.0% |
| Income taxes | 67/77 | €200 | -€147 | -€347 | |
| Profit (loss) for the period | 9904 | -€10,489 | -€34,430 | -€23,942 | -228% |
| Transfer from tax-exempt reserves | 789 | €1,277 | €1,915 | +€638 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,212 | -€32,516 | -€23,304 | -253% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.