NOTIKA: 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.
NOTIKA
Largest movements
- Tangible fixed assets +€253,698
up €253,698 (+6,909%), from €3,672 to €257,370
of which Land and buildings: +€252,200
- Other debts +€400,756
up €400,756 (+50.9%), from €786,961 to €1.2m
- Debts after one year -€77,455
down €77,455 (-11.8%), from €654,391 to €576,936
- Reserves -€71,688
down €71,688 (-14.1%), from €507,429 to €435,741
- Depreciation +€30,646
up €30,646 (+1,680%), from €1,824 to €32,470
- Taxes -€8,674
down €8,674 (-21.2%), from €40,834 to €32,160
- Gross operating margin +€3,746
up €3,746 (+2.6%), from €146,405 to €150,151
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 | €2,261,874 | €2,511,166 | +€249,292 | +11.0% |
| Fixed assets | 21/28 | €2,229,418 | €2,483,116 | +€253,698 | +11.4% |
| Tangible fixed assets | 22/27 | €3,672 | €257,370 | +€253,698 | +6,909% |
| Land and buildings | 22 | - | €252,200 | +€252,200 | |
| Plant, machinery and equipment | 23 | €2,905 | €1,932 | -€972 | -33.5% |
| Furniture and vehicles | 24 | €767 | €3,237 | +€2,470 | +322% |
| Financial fixed assets | 28 | €2,225,746 | €2,225,746 | = | 0.0% |
| Current assets | 29/58 | €32,456 | €28,050 | -€4,406 | -13.6% |
| Cash at bank and in hand | 54/58 | €32,456 | €28,050 | -€4,406 | -13.6% |
| Total equity and liabilities | 10/49 | €2,261,874 | €2,511,166 | +€249,292 | +11.0% |
| Equity | 10/15 | €595,470 | €523,782 | -€71,688 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €507,429 | €435,741 | -€71,688 | -14.1% |
| Distributable reserves | 133 | €507,429 | €435,741 | -€71,688 | -14.1% |
| Profit (loss) carried forward | 14 | €69,441 | €69,441 | = | 0.0% |
| Amounts payable | 17/49 | €1,666,404 | €1,987,384 | +€320,980 | +19.3% |
| Amounts payable after more than one year | 17 | €654,391 | €576,936 | -€77,455 | -11.8% |
| Financial debts | 170/4 | €654,391 | €576,936 | -€77,455 | -11.8% |
| Amounts payable within one year | 42/48 | €1,012,013 | €1,409,450 | +€397,437 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €189,797 | €202,780 | +€12,983 | +6.8% |
| Trade debts | 44 | €18,261 | €27 | -€18,234 | -99.9% |
| Suppliers | 440/4 | €18,261 | €27 | -€18,234 | -99.9% |
| Taxes, remuneration and social security | 45 | €16,994 | €18,925 | +€1,931 | +11.4% |
| Taxes | 450/3 | €16,994 | €18,925 | +€1,931 | +11.4% |
| Other amounts payable | 47/48 | €786,961 | €1,187,718 | +€400,756 | +50.9% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,824 | €32,470 | +€30,646 | +1,680% |
| Other operating charges | 640/8 | €1,179 | €1,276 | +€97 | +8.2% |
| Gross operating margin | 9900 | €146,405 | €150,151 | +€3,746 | +2.6% |
| Operating profit (loss) | 9901 | €143,402 | €116,405 | -€26,997 | -18.8% |
| Financial charges | 65/66B | €15,216 | €15,641 | +€425 | +2.8% |
| Recurring financial charges | 65 | €15,216 | €15,641 | +€425 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €128,186 | €100,764 | -€27,422 | -21.4% |
| Income taxes | 67/77 | €40,834 | €32,160 | -€8,674 | -21.2% |
| Profit (loss) for the period | 9904 | €87,351 | €68,603 | -€18,748 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,351 | €68,603 | -€18,748 | -21.5% |
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 25 October 2026 via checked.be.