Noterman Willem: 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.
Noterman Willem
Largest movements
- Tangible fixed assets -€14,750
down €14,750 (-44.8%), from €32,900 to €18,151
of which Furniture and vehicles: -€13,834
- Cash +€1,198
up €1,198 (+3.1%), from €38,472 to €39,670
mainly Net result for the year (+€36,929) and Depreciation (+€14,750)
- Receivables within one year -€1,017
down €1,017 (-91.5%), from €1,111 to €94
of which Other amounts receivable: -€1,017
- Debts after one year -€10,560
down €10,560 (-92.3%), from €11,446 to €886
- Trade debts -€2,941
down €2,941 (-57.9%), from €5,078 to €2,137
- Tax, wage and social debts -€2,868
down €2,868 (-46.0%), from €6,241 to €3,373
- Other debts +€1,185
up €1,185 (+3.1%), from €38,686 to €39,871
- Gross operating margin +€3,596
up €3,596 (+6.1%), from €59,224 to €62,819
- Depreciation +€653
up €653 (+4.6%), from €14,097 to €14,750
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,397 | €59,327 | -€15,071 | -20.3% |
| Fixed assets | 21/28 | €32,900 | €18,151 | -€14,750 | -44.8% |
| Tangible fixed assets | 22/27 | €32,900 | €18,151 | -€14,750 | -44.8% |
| Plant, machinery and equipment | 23 | €4,314 | €3,399 | -€915 | -21.2% |
| Furniture and vehicles | 24 | €28,586 | €14,752 | -€13,834 | -48.4% |
| Current assets | 29/58 | €41,497 | €41,176 | -€321 | -0.8% |
| Amounts receivable within one year | 40/41 | €1,111 | €94 | -€1,017 | -91.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,111 | €94 | -€1,017 | -91.5% |
| Current investments | 50/53 | €1,289 | €1,298 | +€9 | +0.7% |
| Cash at bank and in hand | 54/58 | €38,472 | €39,670 | +€1,198 | +3.1% |
| Deferred charges and accrued income | 490/1 | €625 | €114 | -€511 | -81.7% |
| Total equity and liabilities | 10/49 | €74,397 | €59,327 | -€15,071 | -20.3% |
| Equity | 10/15 | €2,517 | €2,500 | -€17 | -0.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17 | €0 | -€17 | -100.0% |
| Distributable reserves | 133 | €17 | €0 | -€17 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,881 | €56,827 | -€15,054 | -20.9% |
| Amounts payable after more than one year | 17 | €11,446 | €886 | -€10,560 | -92.3% |
| Financial debts | 170/4 | €11,446 | €886 | -€10,560 | -92.3% |
| Amounts payable within one year | 42/48 | €60,435 | €55,941 | -€4,494 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €10,430 | €10,560 | +€130 | +1.2% |
| Trade debts | 44 | €5,078 | €2,137 | -€2,941 | -57.9% |
| Suppliers | 440/4 | €5,078 | €2,137 | -€2,941 | -57.9% |
| Taxes, remuneration and social security | 45 | €6,241 | €3,373 | -€2,868 | -46.0% |
| Taxes | 450/3 | €6,241 | €3,373 | -€2,868 | -46.0% |
| Other amounts payable | 47/48 | €38,686 | €39,871 | +€1,185 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,097 | €14,750 | +€653 | +4.6% |
| Other operating charges | 640/8 | €485 | €624 | +€139 | +28.7% |
| Gross operating margin | 9900 | €59,224 | €62,819 | +€3,596 | +6.1% |
| Operating profit (loss) | 9901 | €44,642 | €47,445 | +€2,804 | +6.3% |
| Financial income | 75/76B | €652 | €60 | -€592 | -90.7% |
| Recurring financial income | 75 | €652 | €60 | -€592 | -90.7% |
| Financial charges | 65/66B | €1,293 | €900 | -€393 | -30.4% |
| Recurring financial charges | 65 | €1,293 | €900 | -€393 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €44,000 | €46,606 | +€2,605 | +5.9% |
| Income taxes | 67/77 | €9,353 | €9,676 | +€324 | +3.5% |
| Profit (loss) for the period | 9904 | €34,648 | €36,929 | +€2,282 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,648 | €36,929 | +€2,282 | +6.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.