NOTED & NOTICED: 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.
NOTED & NOTICED
Largest movements
- Cash +€14,889
up €14,889 (+22.0%), from €67,688 to €82,577
mainly Depreciation (+€6,111) and Tax, wage and social debts (+€4,328)
- Tangible fixed assets -€4,111
down €4,111 (-33.9%), from €12,144 to €8,033
of which Other tangible fixed assets: -€2,916
- Receivables within one year -€3,626
down €3,626 (-15.7%), from €23,038 to €19,411
of which Other amounts receivable: -€4,914
- Intangible fixed assets -€2,000
down €2,000 (-100.0%), from €2,000 to €0
- Tax, wage and social debts +€4,328
up €4,328 (+66.4%), from €6,518 to €10,846
- Other debts +€1,514
up €1,514, from €0 to €1,514
- Trade debts -€1,181
down €1,181 (-76.5%), from €1,545 to €363
- Depreciation -€775
down €775 (-11.3%), from €6,886 to €6,111
- Gross operating margin -€650
down €650 (-4.6%), from €14,085 to €13,435
- Financial charges +€597
up €597 (+48.9%), from €1,223 to €1,820
- Taxes -€549
down €549 (-12.9%), from €4,262 to €3,713
- Other operating charges -€202
down €202 (-17.2%), from €1,177 to €975
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 | €106,554 | €112,043 | +€5,489 | +5.2% |
| Fixed assets | 21/28 | €14,144 | €8,033 | -€6,111 | -43.2% |
| Intangible fixed assets | 21 | €2,000 | €0 | -€2,000 | -100.0% |
| Tangible fixed assets | 22/27 | €12,144 | €8,033 | -€4,111 | -33.9% |
| Land and buildings | 22 | €1,610 | €1,340 | -€270 | -16.8% |
| Furniture and vehicles | 24 | €2,648 | €1,723 | -€925 | -34.9% |
| Other tangible fixed assets | 26 | €7,886 | €4,971 | -€2,916 | -37.0% |
| Current assets | 29/58 | €92,411 | €104,010 | +€11,600 | +12.6% |
| Amounts receivable within one year | 40/41 | €23,038 | €19,411 | -€3,626 | -15.7% |
| Trade receivables | 40 | €14,836 | €16,124 | +€1,288 | +8.7% |
| Other amounts receivable | 41 | €8,201 | €3,287 | -€4,914 | -59.9% |
| Cash at bank and in hand | 54/58 | €67,688 | €82,577 | +€14,889 | +22.0% |
| Deferred charges and accrued income | 490/1 | €1,685 | €2,022 | +€337 | +20.0% |
| Total equity and liabilities | 10/49 | €106,554 | €112,043 | +€5,489 | +5.2% |
| Equity | 10/15 | €98,491 | €99,320 | +€828 | +0.8% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €83,800 | €83,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €83,800 | €83,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191 | €1,020 | +€828 | +432.9% |
| Amounts payable | 17/49 | €8,063 | €12,724 | +€4,661 | +57.8% |
| Amounts payable within one year | 42/48 | €8,063 | €12,724 | +€4,661 | +57.8% |
| Trade debts | 44 | €1,545 | €363 | -€1,181 | -76.5% |
| Suppliers | 440/4 | €1,545 | €363 | -€1,181 | -76.5% |
| Taxes, remuneration and social security | 45 | €6,518 | €10,846 | +€4,328 | +66.4% |
| Taxes | 450/3 | €6,518 | €10,846 | +€4,328 | +66.4% |
| Other amounts payable | 47/48 | €0 | €1,514 | +€1,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,886 | €6,111 | -€775 | -11.3% |
| Other operating charges | 640/8 | €1,177 | €975 | -€202 | -17.2% |
| Gross operating margin | 9900 | €14,085 | €13,435 | -€650 | -4.6% |
| Operating profit (loss) | 9901 | €6,022 | €6,350 | +€328 | +5.4% |
| Financial income | 75/76B | €31 | €11 | -€20 | -64.2% |
| Recurring financial income | 75 | €31 | €11 | -€20 | -64.2% |
| Financial charges | 65/66B | €1,223 | €1,820 | +€597 | +48.9% |
| Recurring financial charges | 65 | €1,223 | €1,820 | +€597 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €4,830 | €4,541 | -€290 | -6.0% |
| Income taxes | 67/77 | €4,262 | €3,713 | -€549 | -12.9% |
| Profit (loss) for the period | 9904 | €569 | €828 | +€260 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €569 | €828 | +€260 | +45.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.