NOTEK: 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.
NOTEK
Largest movements
- Receivables within one year +€12,021
up €12,021 (+94.0%), from €12,784 to €24,805
of which Trade receivables: +€12,305
- Cash -€4,308
down €4,308 (-51.5%), from €8,364 to €4,056
mainly Receivables within one year (-€12,021) and Investment in fixed assets (net) (-€5,155)
- Tangible fixed assets -€1,793
down €1,793 (-15.1%), from €11,855 to €10,062
of which Furniture and vehicles: -€4,333
- Trade debts +€22,340
up €22,340 (+312.5%), from €7,149 to €29,489
- Debts after one year -€5,087
down €5,087 (-77.1%), from €6,599 to €1,512
- Profit (loss) carried forward -€4,299
down €4,299 (-24.6%), from -€17,470 to -€21,770
- Current portion of long-term debt -€4,118
down €4,118 (-44.7%), from €9,207 to €5,089
- Tax, wage and social debts -€2,445
down €2,445 (-45.4%), from €5,380 to €2,935
of which Remuneration and social security: -€2,295
- Staff costs +€10,544
up €10,544 (+111.7%), from €9,439 to €19,982
- Gross operating margin -€3,965
down €3,965 (-13.6%), from €29,114 to €25,149
- Depreciation -€3,036
down €3,036 (-30.4%), from €9,984 to €6,948
- Taxes -€2,479
no longer reported in 2024 (was €2,479)
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 | €34,458 | €39,999 | +€5,541 | +16.1% |
| Fixed assets | 21/28 | €11,855 | €10,062 | -€1,793 | -15.1% |
| Tangible fixed assets | 22/27 | €11,855 | €10,062 | -€1,793 | -15.1% |
| Plant, machinery and equipment | 23 | €878 | €3,418 | +€2,540 | +289.3% |
| Furniture and vehicles | 24 | €10,977 | €6,644 | -€4,333 | -39.5% |
| Current assets | 29/58 | €22,604 | €29,937 | +€7,334 | +32.4% |
| Amounts receivable within one year | 40/41 | €12,784 | €24,805 | +€12,021 | +94.0% |
| Trade receivables | 40 | €7,086 | €19,392 | +€12,305 | +173.6% |
| Other amounts receivable | 41 | €5,698 | €5,414 | -€284 | -5.0% |
| Cash at bank and in hand | 54/58 | €8,364 | €4,056 | -€4,308 | -51.5% |
| Deferred charges and accrued income | 490/1 | €1,456 | €1,077 | -€379 | -26.1% |
| Total equity and liabilities | 10/49 | €34,458 | €39,999 | +€5,541 | +16.1% |
| Equity | 10/15 | €3,709 | -€591 | -€4,299 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,979 | €14,979 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,119 | €13,119 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,470 | -€21,770 | -€4,299 | -24.6% |
| Amounts payable | 17/49 | €30,750 | €40,590 | +€9,840 | +32.0% |
| Amounts payable after more than one year | 17 | €6,599 | €1,512 | -€5,087 | -77.1% |
| Financial debts | 170/4 | €6,599 | €1,512 | -€5,087 | -77.1% |
| Amounts payable within one year | 42/48 | €24,151 | €39,079 | +€14,928 | +61.8% |
| Current portion of amounts payable after more than one year | 42 | €9,207 | €5,089 | -€4,118 | -44.7% |
| Financial debts | 43 | €2,415 | €1,565 | -€850 | -35.2% |
| Credit institutions | 430/8 | €2,415 | €1,565 | -€850 | -35.2% |
| Trade debts | 44 | €7,149 | €29,489 | +€22,340 | +312.5% |
| Suppliers | 440/4 | €7,149 | €29,489 | +€22,340 | +312.5% |
| Taxes, remuneration and social security | 45 | €5,380 | €2,935 | -€2,445 | -45.4% |
| Taxes | 450/3 | €2,550 | €2,400 | -€150 | -5.9% |
| Remuneration and social security | 454/9 | €2,830 | €535 | -€2,295 | -81.1% |
| Remuneration, social security and pensions | 62 | €9,439 | €19,982 | +€10,544 | +111.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,984 | €6,948 | -€3,036 | -30.4% |
| Other operating charges | 640/8 | €584 | €315 | -€269 | -46.0% |
| Non-recurring operating charges | 66A | - | €1,074 | +€1,074 | |
| Gross operating margin | 9900 | €29,114 | €25,149 | -€3,965 | -13.6% |
| Operating profit (loss) | 9901 | €9,107 | -€3,170 | -€12,278 | |
| Financial income | 75/76B | €39 | €2 | -€37 | -94.5% |
| Recurring financial income | 75 | €39 | €2 | -€37 | -94.5% |
| Financial charges | 65/66B | €1,072 | €1,131 | +€59 | +5.5% |
| Recurring financial charges | 65 | €1,072 | €1,131 | +€59 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €8,074 | -€4,299 | -€12,374 | |
| Income taxes | 67/77 | €2,479 | - | -€2,479 | |
| Profit (loss) for the period | 9904 | €5,595 | -€4,299 | -€9,894 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,595 | -€4,299 | -€9,894 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.