NOTO COPYWRITING: 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.
NOTO COPYWRITING
Largest movements
- Current investments -€35,815
down €35,815 (-20.1%), from €177,815 to €142,000
- Cash -€19,797
down €19,797 (-26.3%), from €75,291 to €55,494
mainly Contributions, distributions and other (-€53,259) and Other debts (-€6,020)
- Deferred charges and accrued income -€9,341
down €9,341 (-60.9%), from €15,335 to €5,994
- Reserves -€53,456
down €53,456 (-20.9%), from €255,653 to €202,197
- Other debts -€6,020
down €6,020 (-35.9%), from €16,754 to €10,734
- Gross operating margin -€17,114
down €17,114, from €13,771 to -€3,342
- Taxes -€6,064
down €6,064 (-89.7%), from €6,760 to €696
- Financial income -€5,142
down €5,142 (-51.1%), from €10,071 to €4,930
- Depreciation -€356
down €356 (-91.8%), from €388 to €32
- Other operating charges -€149
down €149 (-14.0%), from €1,063 to €914
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 | €279,124 | €215,758 | -€63,366 | -22.7% |
| Fixed assets | 21/28 | €32 | - | -€32 | |
| Tangible fixed assets | 22/27 | €32 | - | -€32 | |
| Furniture and vehicles | 24 | €32 | - | -€32 | |
| Current assets | 29/58 | €279,092 | €215,758 | -€63,335 | -22.7% |
| Amounts receivable within one year | 40/41 | €10,651 | €12,270 | +€1,619 | +15.2% |
| Trade receivables | 40 | €9,890 | €3,667 | -€6,222 | -62.9% |
| Other amounts receivable | 41 | €761 | €8,602 | +€7,841 | +1,030% |
| Current investments | 50/53 | €177,815 | €142,000 | -€35,815 | -20.1% |
| Cash at bank and in hand | 54/58 | €75,291 | €55,494 | -€19,797 | -26.3% |
| Deferred charges and accrued income | 490/1 | €15,335 | €5,994 | -€9,341 | -60.9% |
| Total equity and liabilities | 10/49 | €279,124 | €215,758 | -€63,366 | -22.7% |
| Equity | 10/15 | €255,653 | €202,197 | -€53,456 | -20.9% |
| Reserves | 13 | €255,653 | €202,197 | -€53,456 | -20.9% |
| Distributable reserves | 133 | €255,653 | €202,197 | -€53,456 | -20.9% |
| Amounts payable | 17/49 | €23,471 | €13,560 | -€9,911 | -42.2% |
| Amounts payable within one year | 42/48 | €23,471 | €13,560 | -€9,911 | -42.2% |
| Trade debts | 44 | €1,839 | €583 | -€1,256 | -68.3% |
| Suppliers | 440/4 | €1,839 | €583 | -€1,256 | -68.3% |
| Taxes, remuneration and social security | 45 | €4,879 | €2,244 | -€2,635 | -54.0% |
| Taxes | 450/3 | €4,879 | €2,244 | -€2,635 | -54.0% |
| Other amounts payable | 47/48 | €16,754 | €10,734 | -€6,020 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €32 | -€356 | -91.8% |
| Other operating charges | 640/8 | €1,063 | €914 | -€149 | -14.0% |
| Gross operating margin | 9900 | €13,771 | -€3,342 | -€17,114 | |
| Operating profit (loss) | 9901 | €12,321 | -€4,288 | -€16,609 | |
| Financial income | 75/76B | €10,071 | €4,930 | -€5,142 | -51.1% |
| Recurring financial income | 75 | €10,071 | €4,930 | -€5,142 | -51.1% |
| Financial charges | 65/66B | €198 | €142 | -€56 | -28.1% |
| Recurring financial charges | 65 | €198 | €142 | -€56 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €22,194 | €499 | -€21,695 | -97.8% |
| Income taxes | 67/77 | €6,760 | €696 | -€6,064 | -89.7% |
| Profit (loss) for the period | 9904 | €15,434 | -€197 | -€15,631 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,434 | -€197 | -€15,631 |
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 30 October 2026 via checked.be.