NOTIBO: 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.
NOTIBO
Largest movements
- Tangible fixed assets -€47,448
down €47,448 (-3.9%), from €1.2m to €1.2m
- Cash -€28,882
down €28,882 (-28.5%), from €101,287 to €72,405
mainly Debts after one year (-€113,023) and Tax, wage and social debts (-€14,375)
- Debts after one year -€113,023
down €113,023 (-18.3%), from €617,555 to €504,532
- Reserves +€51,892
up €51,892 (+11.5%), from €451,753 to €503,645
of which Distributable reserves: +€51,892
- Tax, wage and social debts -€14,375
down €14,375 (-57.7%), from €24,932 to €10,557
- Gross operating margin +€18,464
up €18,464 (+12.1%), from €152,533 to €170,997
- Taxes +€6,573
up €6,573 (+37.0%), from €17,764 to €24,337
- Financial charges -€5,507
down €5,507 (-16.6%), from €33,144 to €27,637
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 | €1,303,845 | €1,227,515 | -€76,330 | -5.9% |
| Fixed assets | 21/28 | €1,202,558 | €1,155,110 | -€47,448 | -3.9% |
| Tangible fixed assets | 22/27 | €1,202,558 | €1,155,110 | -€47,448 | -3.9% |
| Land and buildings | 22 | €1,202,558 | €1,155,110 | -€47,448 | -3.9% |
| Current assets | 29/58 | €101,287 | €72,405 | -€28,882 | -28.5% |
| Cash at bank and in hand | 54/58 | €101,287 | €72,405 | -€28,882 | -28.5% |
| Total equity and liabilities | 10/49 | €1,303,845 | €1,227,515 | -€76,330 | -5.9% |
| Equity | 10/15 | €575,700 | €627,592 | +€51,892 | +9.0% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €451,753 | €503,645 | +€51,892 | +11.5% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €439,358 | €491,250 | +€51,892 | +11.8% |
| Amounts payable | 17/49 | €728,145 | €599,923 | -€128,222 | -17.6% |
| Amounts payable after more than one year | 17 | €617,555 | €504,532 | -€113,023 | -18.3% |
| Financial debts | 170/4 | €617,555 | €504,532 | -€113,023 | -18.3% |
| Amounts payable within one year | 42/48 | €110,590 | €94,451 | -€16,139 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €60,488 | €63,023 | +€2,535 | +4.2% |
| Trade debts | 44 | €8,370 | €6,171 | -€2,199 | -26.3% |
| Suppliers | 440/4 | €8,370 | €6,171 | -€2,199 | -26.3% |
| Taxes, remuneration and social security | 45 | €24,932 | €10,557 | -€14,375 | -57.7% |
| Taxes | 450/3 | €24,932 | €10,557 | -€14,375 | -57.7% |
| Other amounts payable | 47/48 | €16,800 | €14,700 | -€2,100 | -12.5% |
| Accrued charges and deferred income | 492/3 | - | €940 | +€940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,447 | €47,447 | = | 0.0% |
| Other operating charges | 640/8 | €18,536 | €19,952 | +€1,416 | +7.6% |
| Non-recurring operating charges | 66A | €1,135 | - | -€1,135 | |
| Gross operating margin | 9900 | €152,533 | €170,997 | +€18,464 | +12.1% |
| Operating profit (loss) | 9901 | €85,415 | €103,598 | +€18,183 | +21.3% |
| Financial income | 75/76B | €108 | €268 | +€160 | +148.1% |
| Recurring financial income | 75 | €108 | €268 | +€160 | +148.1% |
| Financial charges | 65/66B | €33,144 | €27,637 | -€5,507 | -16.6% |
| Recurring financial charges | 65 | €33,144 | €27,637 | -€5,507 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €52,379 | €76,229 | +€23,850 | +45.5% |
| Income taxes | 67/77 | €17,764 | €24,337 | +€6,573 | +37.0% |
| Profit (loss) for the period | 9904 | €34,615 | €51,892 | +€17,277 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,615 | €51,892 | +€17,277 | +49.9% |
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 3 October 2026 via checked.be.