NOTENBERG GROEP: 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.
NOTENBERG GROEP
Largest movements
- Tangible fixed assets +€40,688
up €40,688 (+305%), from €13,360 to €54,048
of which Furniture and vehicles: +€29,493
- Receivables within one year +€33,674
up €33,674 (+1,178%), from €2,858 to €36,532
of which Trade receivables: +€30,415
- Cash -€26,514
down €26,514 (-51.9%), from €51,091 to €24,577
mainly Investment in fixed assets (net) (-€49,454) and Receivables within one year (-€33,674)
- Stocks and contracts +€8,135
up €8,135 (+142%), from €5,712 to €13,846
- Trade debts +€26,486
up €26,486 (+1,220%), from €2,170 to €28,656
- Reserves +€17,089
up €17,089 (+39.6%), from €43,189 to €60,278
- Accrued charges and deferred income +€10,688
up €10,688, from €0 to €10,688
- Current portion of long-term debt +€7,225
up €7,225 (+117%), from €6,200 to €13,425
- Tax, wage and social debts -€6,459
down €6,459 (-35.4%), from €18,234 to €11,775
of which Remuneration and social security: -€5,333
- Staff costs +€28,152
up €28,152 (+39.5%), from €71,359 to €99,511
- Taxes -€6,411
down €6,411 (-55.3%), from €11,590 to €5,179
- Gross operating margin +€5,559
up €5,559 (+3.9%), from €142,395 to €147,954
- Depreciation +€4,453
up €4,453 (+103%), from €4,313 to €8,765
- Other operating charges +€2,851
up €2,851 (+31.6%), from €9,030 to €11,880
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 | €73,021 | €129,004 | +€55,983 | +76.7% |
| Fixed assets | 21/28 | €13,360 | €54,048 | +€40,688 | +305% |
| Tangible fixed assets | 22/27 | €13,360 | €54,048 | +€40,688 | +305% |
| Plant, machinery and equipment | 23 | €4,161 | €15,357 | +€11,196 | +269% |
| Furniture and vehicles | 24 | €9,199 | €38,691 | +€29,493 | +321% |
| Current assets | 29/58 | €59,661 | €74,956 | +€15,294 | +25.6% |
| Stocks and contracts in progress | 3 | €5,712 | €13,846 | +€8,135 | +142% |
| Stocks | 30/36 | €5,712 | €13,846 | +€8,135 | +142% |
| Amounts receivable within one year | 40/41 | €2,858 | €36,532 | +€33,674 | +1,178% |
| Trade receivables | 40 | €0 | €30,415 | +€30,415 | |
| Other amounts receivable | 41 | €2,858 | €6,117 | +€3,259 | +114% |
| Cash at bank and in hand | 54/58 | €51,091 | €24,577 | -€26,514 | -51.9% |
| Total equity and liabilities | 10/49 | €73,021 | €129,004 | +€55,983 | +76.7% |
| Equity | 10/15 | €45,689 | €62,778 | +€17,089 | +37.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €43,189 | €60,278 | +€17,089 | +39.6% |
| Distributable reserves | 133 | €43,189 | €60,278 | +€17,089 | +39.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €27,332 | €66,226 | +€38,893 | +142% |
| Amounts payable within one year | 42/48 | €27,332 | €55,538 | +€28,205 | +103% |
| Current portion of amounts payable after more than one year | 42 | €6,200 | €13,425 | +€7,225 | +117% |
| Trade debts | 44 | €2,170 | €28,656 | +€26,486 | +1,220% |
| Suppliers | 440/4 | €2,170 | €28,656 | +€26,486 | +1,220% |
| Taxes, remuneration and social security | 45 | €18,234 | €11,775 | -€6,459 | -35.4% |
| Taxes | 450/3 | €12,901 | €11,775 | -€1,126 | -8.7% |
| Remuneration and social security | 454/9 | €5,333 | €0 | -€5,333 | -100% |
| Other amounts payable | 47/48 | €728 | €1,682 | +€954 | +131% |
| Accrued charges and deferred income | 492/3 | €0 | €10,688 | +€10,688 | |
| Remuneration, social security and pensions | 62 | €71,359 | €99,511 | +€28,152 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,313 | €8,765 | +€4,453 | +103% |
| Other operating charges | 640/8 | €9,030 | €11,880 | +€2,851 | +31.6% |
| Gross operating margin | 9900 | €142,395 | €147,954 | +€5,559 | +3.9% |
| Operating profit (loss) | 9901 | €57,693 | €27,797 | -€29,896 | -51.8% |
| Financial income | 75/76B | €27 | €4 | -€24 | -86.6% |
| Recurring financial income | 75 | €27 | €4 | -€24 | -86.6% |
| Financial charges | 65/66B | €3,656 | €5,533 | +€1,877 | +51.3% |
| Recurring financial charges | 65 | €3,656 | €5,533 | +€1,877 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €54,064 | €22,268 | -€31,796 | -58.8% |
| Income taxes | 67/77 | €11,590 | €5,179 | -€6,411 | -55.3% |
| Profit (loss) for the period | 9904 | €42,474 | €17,089 | -€25,385 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,474 | €17,089 | -€25,385 | -59.8% |
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 14 October 2026 via checked.be.