Notos: 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.
Notos
Largest movements
- Cash -€23,846
down €23,846 (-97.0%), from €24,574 to €728
mainly Other debts (-€51,210) and Tax, wage and social debts (-€5,028)
- Receivables within one year -€5,709
down €5,709 (-34.0%), from €16,800 to €11,091
of which Trade receivables: -€7,430
- Tangible fixed assets -€5,640
down €5,640 (-40.4%), from €13,968 to €8,329
- Other debts -€51,210
down €51,210 (-89.6%), from €57,168 to €5,958
- Profit (loss) carried forward +€23,818
up €23,818 (+55.5%), from -€42,930 to -€19,112
- Tax, wage and social debts -€5,028
down €5,028 (-52.2%), from €9,638 to €4,610
- Debts after one year -€4,726
down €4,726 (-66.4%), from €7,121 to €2,395
- Trade debts +€2,858
up €2,858, from €0 to €2,858
- Financial charges -€154,221
down €154,221 (-99.5%), from €154,938 to €717
of which Non-recurring financial charges: -€154,700
- Gross operating margin -€87,764
down €87,764 (-73.4%), from €119,534 to €31,769
- Write-downs +€15,000
up €15,000, from -€15,000 to €0
- Other operating charges -€14,434
down €14,434 (-91.4%), from €15,787 to €1,353
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 | €210,283 | €176,483 | -€33,800 | -16.1% |
| Fixed assets | 21/28 | €168,668 | €163,028 | -€5,640 | -3.3% |
| Tangible fixed assets | 22/27 | €13,968 | €8,329 | -€5,640 | -40.4% |
| Furniture and vehicles | 24 | €13,968 | €8,329 | -€5,640 | -40.4% |
| Financial fixed assets | 28 | €154,700 | €154,700 | = | 0.0% |
| Current assets | 29/58 | €41,615 | €13,455 | -€28,160 | -67.7% |
| Amounts receivable within one year | 40/41 | €16,800 | €11,091 | -€5,709 | -34.0% |
| Trade receivables | 40 | €16,800 | €9,370 | -€7,430 | -44.2% |
| Other amounts receivable | 41 | - | €1,721 | +€1,721 | |
| Cash at bank and in hand | 54/58 | €24,574 | €728 | -€23,846 | -97.0% |
| Deferred charges and accrued income | 490/1 | €242 | €1,636 | +€1,394 | +577.1% |
| Total equity and liabilities | 10/49 | €210,283 | €176,483 | -€33,800 | -16.1% |
| Equity | 10/15 | €131,716 | €155,534 | +€23,818 | +18.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €162,246 | €162,246 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €162,246 | €162,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,930 | -€19,112 | +€23,818 | +55.5% |
| Amounts payable | 17/49 | €78,567 | €20,949 | -€57,618 | -73.3% |
| Amounts payable after more than one year | 17 | €7,121 | €2,395 | -€4,726 | -66.4% |
| Financial debts | 170/4 | €7,121 | €2,395 | -€4,726 | -66.4% |
| Amounts payable within one year | 42/48 | €71,447 | €18,154 | -€53,293 | -74.6% |
| Current portion of amounts payable after more than one year | 42 | €4,641 | €4,726 | +€85 | +1.8% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €0 | €2,858 | +€2,858 | |
| Suppliers | 440/4 | €0 | €2,858 | +€2,858 | |
| Taxes, remuneration and social security | 45 | €9,638 | €4,610 | -€5,028 | -52.2% |
| Taxes | 450/3 | €9,638 | €4,610 | -€5,028 | -52.2% |
| Other amounts payable | 47/48 | €57,168 | €5,958 | -€51,210 | -89.6% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,640 | €5,640 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,000 | €0 | +€15,000 | |
| Other operating charges | 640/8 | €15,787 | €1,353 | -€14,434 | -91.4% |
| Gross operating margin | 9900 | €119,534 | €31,769 | -€87,764 | -73.4% |
| Operating profit (loss) | 9901 | €113,107 | €24,776 | -€88,331 | -78.1% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €154,938 | €717 | -€154,221 | -99.5% |
| Recurring financial charges | 65 | €238 | €717 | +€479 | +200.9% |
| Non-recurring financial charges | 66B | €154,700 | €0 | -€154,700 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,827 | €24,059 | +€65,886 | |
| Income taxes | 67/77 | €241 | €240 | -€0 | -0.2% |
| Profit (loss) for the period | 9904 | -€42,068 | €23,818 | +€65,886 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,068 | €23,818 | +€65,886 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.