Notebaert Xavier: 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.
Notebaert Xavier
Largest movements
- Receivables within one year -€21,844
down €21,844 (-46.4%), from €47,089 to €25,245
of which Other amounts receivable: -€12,222
- Stocks and contracts -€16,140
down €16,140 (-31.9%), from €50,630 to €34,490
of which Stocks: -€8,140
- Tangible fixed assets +€8,529
up €8,529 (+67.6%), from €12,620 to €21,149
of which Land and buildings: +€13,703
- Cash -€1,190
down €1,190 (-97.1%), from €1,225 to €35
mainly Other debts (-€17,187) and Trade debts (-€16,896)
- Other debts -€17,187
down €17,187 (-85.8%), from €20,031 to €2,844
- Trade debts -€16,896
down €16,896 (-33.1%), from €51,045 to €34,149
- Short-term financial debts +€6,983
new in 2024: €6,983
- Reserves -€3,162
down €3,162 (-9.1%), from €34,673 to €31,511
- Gross operating margin -€3,052
down €3,052 (-33.8%), from €9,034 to €5,982
- Financial charges +€1,886
up €1,886 (+359.4%), from €525 to €2,411
- Other operating charges -€1,553
down €1,553 (-52.9%), from €2,938 to €1,384
- Taxes -€586
down €586 (-77.0%), from €761 to €175
- Depreciation +€586
up €586 (+12.8%), from €4,589 to €5,175
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,687 | €81,292 | -€30,396 | -27.2% |
| Fixed assets | 21/28 | €12,620 | €21,149 | +€8,529 | +67.6% |
| Tangible fixed assets | 22/27 | €12,620 | €21,149 | +€8,529 | +67.6% |
| Land and buildings | 22 | - | €13,703 | +€13,703 | |
| Plant, machinery and equipment | 23 | €5,203 | €2,783 | -€2,420 | -46.5% |
| Furniture and vehicles | 24 | €7,417 | €4,663 | -€2,755 | -37.1% |
| Current assets | 29/58 | €99,067 | €60,143 | -€38,924 | -39.3% |
| Stocks and contracts in progress | 3 | €50,630 | €34,490 | -€16,140 | -31.9% |
| Stocks | 30/36 | €42,630 | €34,490 | -€8,140 | -19.1% |
| Contracts in progress | 37 | €8,000 | - | -€8,000 | |
| Amounts receivable within one year | 40/41 | €47,089 | €25,245 | -€21,844 | -46.4% |
| Trade receivables | 40 | €26,057 | €16,436 | -€9,621 | -36.9% |
| Other amounts receivable | 41 | €21,032 | €8,809 | -€12,222 | -58.1% |
| Cash at bank and in hand | 54/58 | €1,225 | €35 | -€1,190 | -97.1% |
| Deferred charges and accrued income | 490/1 | €123 | €372 | +€249 | +203.0% |
| Total equity and liabilities | 10/49 | €111,687 | €81,292 | -€30,396 | -27.2% |
| Equity | 10/15 | €39,673 | €36,511 | -€3,162 | -8.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,673 | €31,511 | -€3,162 | -9.1% |
| Distributable reserves | 133 | €34,673 | €31,511 | -€3,162 | -9.1% |
| Amounts payable | 17/49 | €72,014 | €44,781 | -€27,233 | -37.8% |
| Amounts payable within one year | 42/48 | €72,014 | €44,781 | -€27,233 | -37.8% |
| Financial debts | 43 | - | €6,983 | +€6,983 | |
| Credit institutions | 430/8 | - | €6,983 | +€6,983 | |
| Trade debts | 44 | €51,045 | €34,149 | -€16,896 | -33.1% |
| Suppliers | 440/4 | €51,045 | €34,149 | -€16,896 | -33.1% |
| Taxes, remuneration and social security | 45 | €938 | €805 | -€133 | -14.2% |
| Taxes | 450/3 | €938 | €805 | -€133 | -14.2% |
| Other amounts payable | 47/48 | €20,031 | €2,844 | -€17,187 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,589 | €5,175 | +€586 | +12.8% |
| Other operating charges | 640/8 | €2,938 | €1,384 | -€1,553 | -52.9% |
| Gross operating margin | 9900 | €9,034 | €5,982 | -€3,052 | -33.8% |
| Operating profit (loss) | 9901 | €1,508 | -€577 | -€2,085 | |
| Financial charges | 65/66B | €525 | €2,411 | +€1,886 | +359.4% |
| Recurring financial charges | 65 | €525 | €2,411 | +€1,886 | +359.4% |
| Profit (loss) for the period before taxes | 9903 | €983 | -€2,987 | -€3,970 | |
| Income taxes | 67/77 | €761 | €175 | -€586 | -77.0% |
| Profit (loss) for the period | 9904 | €222 | -€3,162 | -€3,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €222 | -€3,162 | -€3,384 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.