NOTB: 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.
NOTB
Largest movements
- Cash +€42,743
up €42,743 (+43.4%), from €98,538 to €141,281
mainly Net result for the year (+€168,436) and Other debts (+€29,535)
- Receivables after one year +€13,366
up €13,366 (+5.7%), from €233,661 to €247,027
- Other debts +€29,535
up €29,535 (+24.8%), from €118,871 to €148,406
- Tax, wage and social debts +€21,227
up €21,227 (+80.8%), from €26,269 to €47,496
- Gross operating margin +€57,078
up €57,078 (+37.9%), from €150,752 to €207,830
- Taxes +€11,402
up €11,402 (+27.5%), from €41,488 to €52,889
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 | €662,822 | €714,160 | +€51,337 | +7.7% |
| Fixed assets | 21/28 | €321,607 | €321,607 | = | 0.0% |
| Financial fixed assets | 28 | €321,607 | €321,607 | = | 0.0% |
| Current assets | 29/58 | €341,215 | €392,553 | +€51,337 | +15.0% |
| Amounts receivable after more than one year | 29 | €233,661 | €247,027 | +€13,366 | +5.7% |
| Other amounts receivable | 291 | €233,661 | €247,027 | +€13,366 | +5.7% |
| Amounts receivable within one year | 40/41 | €8,655 | €4,043 | -€4,613 | -53.3% |
| Trade receivables | 40 | - | €249 | +€249 | |
| Other amounts receivable | 41 | €8,655 | €3,794 | -€4,861 | -56.2% |
| Cash at bank and in hand | 54/58 | €98,538 | €141,281 | +€42,743 | +43.4% |
| Deferred charges and accrued income | 490/1 | €361 | €202 | -€159 | -44.0% |
| Total equity and liabilities | 10/49 | €662,822 | €714,160 | +€51,337 | +7.7% |
| Equity | 10/15 | €517,455 | €517,688 | +€234 | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €516,955 | €517,188 | +€234 | 0.0% |
| Distributable reserves | 133 | €516,955 | €517,188 | +€234 | 0.0% |
| Amounts payable | 17/49 | €145,367 | €196,471 | +€51,104 | +35.2% |
| Amounts payable within one year | 42/48 | €145,259 | €196,411 | +€51,152 | +35.2% |
| Trade debts | 44 | €119 | €508 | +€389 | +327.5% |
| Suppliers | 440/4 | €119 | €508 | +€389 | +327.5% |
| Taxes, remuneration and social security | 45 | €26,269 | €47,496 | +€21,227 | +80.8% |
| Taxes | 450/3 | €26,269 | €47,496 | +€21,227 | +80.8% |
| Other amounts payable | 47/48 | €118,871 | €148,406 | +€29,535 | +24.8% |
| Accrued charges and deferred income | 492/3 | €108 | €61 | -€48 | -44.0% |
| Other operating charges | 640/8 | €607 | €400 | -€208 | -34.2% |
| Gross operating margin | 9900 | €150,752 | €207,830 | +€57,078 | +37.9% |
| Operating profit (loss) | 9901 | €150,145 | €207,430 | +€57,285 | +38.2% |
| Financial income | 75/76B | €14,599 | €13,977 | -€621 | -4.3% |
| Recurring financial income | 75 | €14,599 | €13,977 | -€621 | -4.3% |
| Financial charges | 65/66B | €68 | €82 | +€14 | +20.7% |
| Recurring financial charges | 65 | €68 | €82 | +€14 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €164,676 | €221,326 | +€56,650 | +34.4% |
| Income taxes | 67/77 | €41,488 | €52,889 | +€11,402 | +27.5% |
| Profit (loss) for the period | 9904 | €123,188 | €168,436 | +€45,248 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,188 | €168,436 | +€45,248 | +36.7% |
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 1 October 2026 via checked.be.