Noteg: 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.
Noteg
Largest movements
- Cash +€29,574
up €29,574 (+62.3%), from €47,450 to €77,024
mainly Net result for the year (+€26,440) and Tax, wage and social debts (+€5,054)
- Tangible fixed assets +€1,510
up €1,510 (+65.8%), from €2,295 to €3,805
of which Furniture and vehicles: +€2,364
- Receivables within one year -€1,099
down €1,099 (-95.2%), from €1,153 to €55
of which Other amounts receivable: -€1,097
- Profit (loss) carried forward +€26,440
up €26,440 (+88.1%), from €29,995 to €56,435
- Tax, wage and social debts +€5,054
up €5,054 (+147.6%), from €3,424 to €8,478
- Accrued charges and deferred income -€1,466
down €1,466 (-91.6%), from €1,601 to €135
- Trade debts +€853
up €853 (+33.8%), from €2,523 to €3,376
- Other debts -€851
down €851 (-35.4%), from €2,407 to €1,556
- Gross operating margin -€4,472
down €4,472 (-10.6%), from €42,129 to €37,657
- Taxes -€866
down €866 (-10.3%), from €8,424 to €7,558
- Financial charges -€841
down €841 (-31.4%), from €2,674 to €1,833
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 | €52,656 | €82,686 | +€30,030 | +57.0% |
| Fixed assets | 21/28 | €2,355 | €3,865 | +€1,510 | +64.1% |
| Tangible fixed assets | 22/27 | €2,295 | €3,805 | +€1,510 | +65.8% |
| Plant, machinery and equipment | 23 | €2,295 | €1,440 | -€855 | -37.2% |
| Furniture and vehicles | 24 | - | €2,364 | +€2,364 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €50,301 | €78,821 | +€28,520 | +56.7% |
| Amounts receivable within one year | 40/41 | €1,153 | €55 | -€1,099 | -95.2% |
| Trade receivables | 40 | €1 | €0 | -€1 | -100.0% |
| Other amounts receivable | 41 | €1,152 | €55 | -€1,097 | -95.2% |
| Cash at bank and in hand | 54/58 | €47,450 | €77,024 | +€29,574 | +62.3% |
| Deferred charges and accrued income | 490/1 | €1,697 | €1,742 | +€45 | +2.6% |
| Total equity and liabilities | 10/49 | €52,656 | €82,686 | +€30,030 | +57.0% |
| Equity | 10/15 | €42,701 | €69,141 | +€26,440 | +61.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,706 | €9,706 | = | 0.0% |
| Distributable reserves | 133 | €9,706 | €9,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,995 | €56,435 | +€26,440 | +88.1% |
| Amounts payable | 17/49 | €9,955 | €13,544 | +€3,590 | +36.1% |
| Amounts payable within one year | 42/48 | €8,354 | €13,410 | +€5,055 | +60.5% |
| Trade debts | 44 | €2,523 | €3,376 | +€853 | +33.8% |
| Suppliers | 440/4 | €2,523 | €3,376 | +€853 | +33.8% |
| Taxes, remuneration and social security | 45 | €3,424 | €8,478 | +€5,054 | +147.6% |
| Taxes | 450/3 | €3,424 | €8,478 | +€5,054 | +147.6% |
| Other amounts payable | 47/48 | €2,407 | €1,556 | -€851 | -35.4% |
| Accrued charges and deferred income | 492/3 | €1,601 | €135 | -€1,466 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | €1,244 | +€389 | +45.5% |
| Other operating charges | 640/8 | €266 | €582 | +€316 | +118.7% |
| Gross operating margin | 9900 | €42,129 | €37,657 | -€4,472 | -10.6% |
| Operating profit (loss) | 9901 | €41,008 | €35,831 | -€5,178 | -12.6% |
| Financial income | 75/76B | €84 | €1 | -€84 | -99.4% |
| Recurring financial income | 75 | €84 | €1 | -€84 | -99.4% |
| Financial charges | 65/66B | €2,674 | €1,833 | -€841 | -31.4% |
| Recurring financial charges | 65 | €2,674 | €1,833 | -€841 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €38,419 | €33,998 | -€4,421 | -11.5% |
| Income taxes | 67/77 | €8,424 | €7,558 | -€866 | -10.3% |
| Profit (loss) for the period | 9904 | €29,995 | €26,440 | -€3,554 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,995 | €26,440 | -€3,554 | -11.9% |
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 28 September 2026 via checked.be.