NOTEC MAINTENANCE: 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.
NOTEC MAINTENANCE
Largest movements
- Tangible fixed assets +€145,500
up €145,500 (+19.6%), from €741,165 to €886,665
of which Land and buildings: +€182,707
- Receivables within one year -€76,287
down €76,287 (-27.4%), from €278,760 to €202,473
of which Trade receivables: -€41,662
- Cash +€30,124
up €30,124 (+86.9%), from €34,664 to €64,789
mainly Net result for the year (+€99,829) and Depreciation (+€84,482)
- Profit (loss) carried forward +€99,829
up €99,829 (+17.0%), from €586,920 to €686,749
- Debts after one year -€73,282
down €73,282 (-32.8%), from €223,396 to €150,113
- Trade debts +€72,523
up €72,523 (+54.7%), from €132,582 to €205,106
- Gross operating margin +€128,561
up €128,561 (+47.4%), from €271,228 to €399,789
- Taxes +€54,241
up €54,241 (+222.3%), from €24,401 to €78,642
- Other operating charges +€38,794
up €38,794 (+165.8%), from €23,397 to €62,191
- Staff costs +€24,919
up €24,919 (+66.5%), from €37,449 to €62,368
- Depreciation -€5,348
down €5,348 (-6.0%), from €89,831 to €84,482
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 | €1,057,675 | €1,156,217 | +€98,542 | +9.3% |
| Fixed assets | 21/28 | €741,165 | €886,665 | +€145,500 | +19.6% |
| Tangible fixed assets | 22/27 | €741,165 | €886,665 | +€145,500 | +19.6% |
| Land and buildings | 22 | €666,680 | €849,387 | +€182,707 | +27.4% |
| Furniture and vehicles | 24 | €66,316 | €35,393 | -€30,923 | -46.6% |
| Other tangible fixed assets | 26 | €8,170 | €1,885 | -€6,285 | -76.9% |
| Current assets | 29/58 | €316,510 | €269,552 | -€46,958 | -14.8% |
| Amounts receivable within one year | 40/41 | €278,760 | €202,473 | -€76,287 | -27.4% |
| Trade receivables | 40 | €71,491 | €29,830 | -€41,662 | -58.3% |
| Other amounts receivable | 41 | €207,269 | €172,644 | -€34,625 | -16.7% |
| Cash at bank and in hand | 54/58 | €34,664 | €64,789 | +€30,124 | +86.9% |
| Deferred charges and accrued income | 490/1 | €3,086 | €2,290 | -€795 | -25.8% |
| Total equity and liabilities | 10/49 | €1,057,675 | €1,156,217 | +€98,542 | +9.3% |
| Equity | 10/15 | €607,380 | €707,209 | +€99,829 | +16.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Capital | 10 | €20,460 | €20,460 | = | 0.0% |
| Issued capital | 100 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €586,920 | €686,749 | +€99,829 | +17.0% |
| Amounts payable | 17/49 | €450,295 | €449,008 | -€1,287 | -0.3% |
| Amounts payable after more than one year | 17 | €223,396 | €150,113 | -€73,282 | -32.8% |
| Financial debts | 170/4 | €223,396 | €150,113 | -€73,282 | -32.8% |
| Amounts payable within one year | 42/48 | €226,899 | €297,382 | +€70,483 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €89,880 | €85,023 | -€4,857 | -5.4% |
| Trade debts | 44 | €132,582 | €205,106 | +€72,523 | +54.7% |
| Suppliers | 440/4 | €132,582 | €205,106 | +€72,523 | +54.7% |
| Advances received on contracts in progress | 46 | - | €3,524 | +€3,524 | |
| Taxes, remuneration and social security | 45 | €4,437 | €3,729 | -€708 | -15.9% |
| Taxes | 450/3 | €1,914 | - | -€1,914 | |
| Remuneration and social security | 454/9 | €2,523 | €3,729 | +€1,207 | +47.8% |
| Accrued charges and deferred income | 492/3 | - | €1,512 | +€1,512 | |
| Remuneration, social security and pensions | 62 | €37,449 | €62,368 | +€24,919 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,831 | €84,482 | -€5,348 | -6.0% |
| Other operating charges | 640/8 | €23,397 | €62,191 | +€38,794 | +165.8% |
| Gross operating margin | 9900 | €271,228 | €399,789 | +€128,561 | +47.4% |
| Operating profit (loss) | 9901 | €120,551 | €190,749 | +€70,197 | +58.2% |
| Financial income | 75/76B | €62 | €529 | +€467 | +751.2% |
| Recurring financial income | 75 | €62 | €529 | +€467 | +751.2% |
| Financial charges | 65/66B | €14,283 | €12,806 | -€1,476 | -10.3% |
| Recurring financial charges | 65 | €14,283 | €12,806 | -€1,476 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €106,331 | €178,472 | +€72,141 | +67.8% |
| Income taxes | 67/77 | €24,401 | €78,642 | +€54,241 | +222.3% |
| Profit (loss) for the period | 9904 | €81,929 | €99,829 | +€17,900 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,929 | €99,829 | +€17,900 | +21.8% |
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 10 October 2026 via checked.be.