Notélie: 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.
Notélie
Largest movements
- Tangible fixed assets +€544,235
up €544,235 (+2,653%), from €20,515 to €564,750
of which Land and buildings: +€549,120
- Cash -€94,086
down €94,086 (-79.1%), from €118,958 to €24,871
mainly Investment in fixed assets (net) (-€569,593) and Tax, wage and social debts (-€19,279)
- Receivables within one year -€13,105
down €13,105 (-87.2%), from €15,021 to €1,916
- Receivables after one year +€11,393
new in 2025: €11,393
- Debts after one year +€428,732
new in 2025: €428,732
- Profit (loss) carried forward +€21,017
up €21,017 (+18.0%), from €116,580 to €137,597
- Tax, wage and social debts -€19,279
down €19,279 (-56.6%), from €34,079 to €14,800
- Current portion of long-term debt +€18,792
new in 2025: €18,792
- Depreciation +€21,445
up €21,445 (+548%), from €3,914 to €25,358
- Gross operating margin -€18,894
down €18,894 (-23.1%), from €81,697 to €62,804
- Taxes -€8,912
down €8,912 (-54.0%), from €16,510 to €7,598
- Financial charges +€6,805
up €6,805, from €0 to €6,805
- Other operating charges +€1,015
up €1,015 (+95.5%), from €1,063 to €2,077
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.
Derived cash bridge
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 | €154,864 | €603,251 | +€448,387 | +290% |
| Fixed assets | 21/28 | €20,515 | €564,750 | +€544,235 | +2,653% |
| Tangible fixed assets | 22/27 | €20,515 | €564,750 | +€544,235 | +2,653% |
| Land and buildings | 22 | - | €549,120 | +€549,120 | |
| Furniture and vehicles | 24 | €20,515 | €15,629 | -€4,886 | -23.8% |
| Current assets | 29/58 | €134,350 | €38,501 | -€95,848 | -71.3% |
| Amounts receivable after more than one year | 29 | - | €11,393 | +€11,393 | |
| Other amounts receivable | 291 | - | €11,393 | +€11,393 | |
| Amounts receivable within one year | 40/41 | €15,021 | €1,916 | -€13,105 | -87.2% |
| Other amounts receivable | 41 | €15,021 | €1,916 | -€13,105 | -87.2% |
| Cash at bank and in hand | 54/58 | €118,958 | €24,871 | -€94,086 | -79.1% |
| Deferred charges and accrued income | 490/1 | €371 | €322 | -€49 | -13.3% |
| Total equity and liabilities | 10/49 | €154,864 | €603,251 | +€448,387 | +290% |
| Equity | 10/15 | €118,580 | €139,597 | +€21,017 | +17.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,580 | €137,597 | +€21,017 | +18.0% |
| Amounts payable | 17/49 | €36,284 | €463,654 | +€427,370 | +1,178% |
| Amounts payable after more than one year | 17 | - | €428,732 | +€428,732 | |
| Financial debts | 170/4 | - | €428,732 | +€428,732 | |
| Amounts payable within one year | 42/48 | €36,284 | €33,672 | -€2,612 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | - | €18,792 | +€18,792 | |
| Trade debts | 44 | €1,592 | €80 | -€1,512 | -95.0% |
| Suppliers | 440/4 | €1,592 | €80 | -€1,512 | -95.0% |
| Taxes, remuneration and social security | 45 | €34,079 | €14,800 | -€19,279 | -56.6% |
| Taxes | 450/3 | €34,079 | €14,800 | -€19,279 | -56.6% |
| Other amounts payable | 47/48 | €613 | €0 | -€613 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,914 | €25,358 | +€21,445 | +548% |
| Other operating charges | 640/8 | €1,063 | €2,077 | +€1,015 | +95.5% |
| Gross operating margin | 9900 | €81,697 | €62,804 | -€18,894 | -23.1% |
| Operating profit (loss) | 9901 | €76,721 | €35,368 | -€41,353 | -53.9% |
| Financial income | 75/76B | €21 | €52 | +€31 | +153% |
| Recurring financial income | 75 | €21 | €52 | +€31 | +153% |
| Financial charges | 65/66B | €0 | €6,805 | +€6,805 | |
| Recurring financial charges | 65 | €0 | €6,805 | +€6,805 | |
| Profit (loss) for the period before taxes | 9903 | €76,742 | €28,615 | -€48,127 | -62.7% |
| Income taxes | 67/77 | €16,510 | €7,598 | -€8,912 | -54.0% |
| Profit (loss) for the period | 9904 | €60,232 | €21,017 | -€39,215 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,232 | €21,017 | -€39,215 | -65.1% |
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 26 October 2026 via checked.be.