NOTAX.BE: 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.
NOTAX.BE
Largest movements
- Cash +€48,416
up €48,416 (+113%), from €42,858 to €91,273
mainly Net result for the year (+€26,195) and Depreciation (+€17,201)
- Tangible fixed assets -€16,800
down €16,800 (-17.2%), from €97,434 to €80,634
of which Furniture and vehicles: -€15,233
- Receivables within one year -€8,194
down €8,194 (-26.7%), from €30,703 to €22,509
of which Other amounts receivable: -€4,319
- Reserves +€26,190
up €26,190 (+22.9%), from €114,360 to €140,550
of which Distributable reserves: +€26,190
- Current portion of long-term debt -€2,965
no longer reported in 2025 (was €2,965)
- Depreciation +€6,546
up €6,546 (+61.4%), from €10,655 to €17,201
- Gross operating margin -€6,098
down €6,098 (-9.4%), from €64,720 to €58,622
- Other operating charges -€3,671
down €3,671 (-59.7%), from €6,146 to €2,475
- Taxes -€2,290
down €2,290 (-16.7%), from €13,681 to €11,392
- Financial charges +€790
up €790 (+139%), from €570 to €1,359
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
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 | €175,611 | €199,661 | +€24,050 | +13.7% |
| Fixed assets | 21/28 | €98,434 | €81,234 | -€17,201 | -17.5% |
| Intangible fixed assets | 21 | €400 | - | -€400 | |
| Tangible fixed assets | 22/27 | €97,434 | €80,634 | -€16,800 | -17.2% |
| Land and buildings | 22 | €31,211 | €29,755 | -€1,456 | -4.7% |
| Plant, machinery and equipment | 23 | €264 | €153 | -€111 | -42.0% |
| Furniture and vehicles | 24 | €65,959 | €50,726 | -€15,233 | -23.1% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €77,177 | €118,427 | +€41,250 | +53.4% |
| Amounts receivable within one year | 40/41 | €30,703 | €22,509 | -€8,194 | -26.7% |
| Trade receivables | 40 | €26,385 | €22,509 | -€3,876 | -14.7% |
| Other amounts receivable | 41 | €4,319 | - | -€4,319 | |
| Cash at bank and in hand | 54/58 | €42,858 | €91,273 | +€48,416 | +113% |
| Deferred charges and accrued income | 490/1 | €3,616 | €4,645 | +€1,028 | +28.4% |
| Total equity and liabilities | 10/49 | €175,611 | €199,661 | +€24,050 | +13.7% |
| Equity | 10/15 | €133,199 | €159,154 | +€25,955 | +19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,360 | €140,550 | +€26,190 | +22.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €112,500 | €138,690 | +€26,190 | +23.3% |
| Profit (loss) carried forward | 14 | €239 | €4 | -€235 | -98.2% |
| Amounts payable | 17/49 | €42,412 | €40,506 | -€1,906 | -4.5% |
| Amounts payable within one year | 42/48 | €42,391 | €40,438 | -€1,953 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €2,965 | - | -€2,965 | |
| Trade debts | 44 | €2,137 | €362 | -€1,775 | -83.0% |
| Suppliers | 440/4 | €2,137 | €362 | -€1,775 | -83.0% |
| Taxes, remuneration and social security | 45 | €11,067 | €13,004 | +€1,938 | +17.5% |
| Taxes | 450/3 | €11,067 | €12,554 | +€1,488 | +13.4% |
| Remuneration and social security | 454/9 | - | €450 | +€450 | |
| Other amounts payable | 47/48 | €26,222 | €27,071 | +€849 | +3.2% |
| Accrued charges and deferred income | 492/3 | €21 | €68 | +€47 | +224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,655 | €17,201 | +€6,546 | +61.4% |
| Other operating charges | 640/8 | €6,146 | €2,475 | -€3,671 | -59.7% |
| Non-recurring operating charges | 66A | €1 | €1 | +€0 | +22.0% |
| Gross operating margin | 9900 | €64,720 | €58,622 | -€6,098 | -9.4% |
| Operating profit (loss) | 9901 | €47,919 | €38,946 | -€8,973 | -18.7% |
| Financial charges | 65/66B | €570 | €1,359 | +€790 | +139% |
| Recurring financial charges | 65 | €570 | €1,359 | +€790 | +139% |
| Profit (loss) for the period before taxes | 9903 | €47,349 | €37,587 | -€9,762 | -20.6% |
| Income taxes | 67/77 | €13,681 | €11,392 | -€2,290 | -16.7% |
| Profit (loss) for the period | 9904 | €33,668 | €26,195 | -€7,472 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,668 | €26,195 | -€7,472 | -22.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.