Noto-Laschet: 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-Laschet
Largest movements
- Tangible fixed assets +€213,735
new in 2025: €213,735
of which Assets under construction and advance payments: +€196,154
- Receivables within one year +€18,509
new in 2025: €18,509
of which Trade receivables: +€11,786
- Stocks and contracts +€4,969
new in 2025: €4,969
- Cash +€4,795
up €4,795 (+19.5%), from €24,619 to €29,413
mainly Debts after one year (+€126,481) and Trade debts (+€39,049)
- Debts after one year +€126,481
new in 2025: €126,481
- Trade debts +€39,049
up €39,049 (+1,342%), from €2,909 to €41,958
- Profit (loss) carried forward +€36,568
up €36,568, from -€101 to €36,467
- Other debts +€24,488
up €24,488 (+168%), from €14,619 to €39,106
- Tax, wage and social debts +€10,737
new in 2025: €10,737
of which Taxes: +€7,337
- Gross operating margin +€65,093
up €65,093, from -€55 to €65,038
- Depreciation +€15,993
up €15,993 (+34,746%), from €46 to €16,039
- Taxes +€5,452
new in 2025: €5,452
- Financial charges +€5,257
new in 2025: €5,257
- Other operating charges +€1,722
new in 2025: €1,722
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 | €27,427 | €270,869 | +€243,442 | +888% |
| Formation expenses | 20 | €2,808 | €2,237 | -€571 | -20.3% |
| Fixed assets | 21/28 | - | €213,735 | +€213,735 | |
| Tangible fixed assets | 22/27 | - | €213,735 | +€213,735 | |
| Plant, machinery and equipment | 23 | - | €1,181 | +€1,181 | |
| Furniture and vehicles | 24 | - | €16,400 | +€16,400 | |
| Assets under construction and advance payments | 27 | - | €196,154 | +€196,154 | |
| Current assets | 29/58 | €24,619 | €54,896 | +€30,278 | +123% |
| Stocks and contracts in progress | 3 | - | €4,969 | +€4,969 | |
| Stocks | 30/36 | - | €4,969 | +€4,969 | |
| Amounts receivable within one year | 40/41 | - | €18,509 | +€18,509 | |
| Trade receivables | 40 | - | €11,786 | +€11,786 | |
| Other amounts receivable | 41 | - | €6,723 | +€6,723 | |
| Cash at bank and in hand | 54/58 | €24,619 | €29,413 | +€4,795 | +19.5% |
| Deferred charges and accrued income | 490/1 | - | €2,005 | +€2,005 | |
| Total equity and liabilities | 10/49 | €27,427 | €270,869 | +€243,442 | +888% |
| Equity | 10/15 | €9,899 | €46,467 | +€36,568 | +369% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101 | €36,467 | +€36,568 | |
| Amounts payable | 17/49 | €17,527 | €224,401 | +€206,874 | +1,180% |
| Amounts payable after more than one year | 17 | - | €126,481 | +€126,481 | |
| Financial debts | 170/4 | - | €126,481 | +€126,481 | |
| Amounts payable within one year | 42/48 | €17,527 | €97,920 | +€80,393 | +459% |
| Current portion of amounts payable after more than one year | 42 | - | €6,119 | +€6,119 | |
| Trade debts | 44 | €2,909 | €41,958 | +€39,049 | +1,342% |
| Suppliers | 440/4 | €2,909 | €41,958 | +€39,049 | +1,342% |
| Taxes, remuneration and social security | 45 | - | €10,737 | +€10,737 | |
| Taxes | 450/3 | - | €7,337 | +€7,337 | |
| Remuneration and social security | 454/9 | - | €3,400 | +€3,400 | |
| Other amounts payable | 47/48 | €14,619 | €39,106 | +€24,488 | +168% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46 | €16,039 | +€15,993 | +34,746% |
| Other operating charges | 640/8 | - | €1,722 | +€1,722 | |
| Gross operating margin | 9900 | -€55 | €65,038 | +€65,093 | |
| Operating profit (loss) | 9901 | -€101 | €47,277 | +€47,378 | |
| Financial charges | 65/66B | - | €5,257 | +€5,257 | |
| Recurring financial charges | 65 | - | €5,257 | +€5,257 | |
| Profit (loss) for the period before taxes | 9903 | -€101 | €42,020 | +€42,120 | |
| Income taxes | 67/77 | - | €5,452 | +€5,452 | |
| Profit (loss) for the period | 9904 | -€101 | €36,568 | +€36,669 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101 | €36,568 | +€36,669 |
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 15 October 2026 via checked.be.