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
- Receivables within one year +€1.1m
up €1.1m (+605.4%), from €176,127 to €1.2m
of which Trade receivables: +€1.0m
- Other debts +€630,000
up €630,000 (+49.3%), from €1.3m to €1.9m
- Trade debts +€601,657
up €601,657 (+22544.1%), from €2,669 to €604,326
- Profit (loss) carried forward -€234,919
down €234,919 (-102.9%), from -€228,293 to -€463,212
- Accrued charges and deferred income +€62,998
up €62,998 (+37.1%), from €169,937 to €232,935
- Gross operating margin -€169,382
down €169,382, from €1,133 to -€168,249
- Financial charges +€9,813
up €9,813 (+17.6%), from €55,858 to €65,671
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 | €1,229,603 | €2,289,340 | +€1.1m | +86.2% |
| Fixed assets | 21/28 | €1,040,972 | €1,040,972 | +€0 | 0.0% |
| Tangible fixed assets | 22/27 | €1,040,972 | €1,040,972 | +€0 | 0.0% |
| Assets under construction and advance payments | 27 | €1,040,972 | €1,040,972 | +€0 | 0.0% |
| Current assets | 29/58 | €188,631 | €1,248,368 | +€1.1m | +561.8% |
| Amounts receivable within one year | 40/41 | €176,127 | €1,242,365 | +€1.1m | +605.4% |
| Trade receivables | 40 | €2,114 | €1,047,159 | +€1.0m | +49423.2% |
| Other amounts receivable | 41 | €174,013 | €195,206 | +€21,193 | +12.2% |
| Cash at bank and in hand | 54/58 | €12,504 | €6,003 | -€6,501 | -52.0% |
| Total equity and liabilities | 10/49 | €1,229,603 | €2,289,340 | +€1.1m | +86.2% |
| Equity | 10/15 | -€221,626 | -€456,545 | -€234,919 | -106.0% |
| Contributions | 10/11 | €6,667 | €6,667 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€228,293 | -€463,212 | -€234,919 | -102.9% |
| Amounts payable | 17/49 | €1,451,229 | €2,745,885 | +€1.3m | +89.2% |
| Amounts payable within one year | 42/48 | €1,281,292 | €2,512,950 | +€1.2m | +96.1% |
| Trade debts | 44 | €2,669 | €604,326 | +€601,657 | +22544.1% |
| Suppliers | 440/4 | €2,669 | €604,326 | +€601,657 | +22544.1% |
| Other amounts payable | 47/48 | €1,278,624 | €1,908,624 | +€630,000 | +49.3% |
| Accrued charges and deferred income | 492/3 | €169,937 | €232,935 | +€62,998 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,268 | €999 | -€269 | -21.2% |
| Gross operating margin | 9900 | €1,133 | -€168,249 | -€169,382 | |
| Operating profit (loss) | 9901 | -€135 | -€169,248 | -€169,113 | -125324.6% |
| Financial charges | 65/66B | €55,858 | €65,671 | +€9,813 | +17.6% |
| Recurring financial charges | 65 | €55,858 | €65,671 | +€9,813 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | -€55,993 | -€234,919 | -€178,926 | -319.6% |
| Profit (loss) for the period | 9904 | -€55,993 | -€234,919 | -€178,926 | -319.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,993 | -€234,919 | -€178,926 | -319.6% |
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 1 October 2026 via checked.be.