NOTRE BLANCHE: 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.
NOTRE BLANCHE
Largest movements
- Tangible fixed assets +€95,088
up €95,088 (+60.6%), from €156,880 to €251,968
of which Furniture and vehicles: +€102,454
- Receivables within one year +€68,029
up €68,029 (+641.7%), from €10,602 to €78,631
of which Other amounts receivable: +€68,619
- Cash -€62,507
down €62,507 (-7.9%), from €794,648 to €732,141
mainly Contributions, distributions and other (-€300,000) and Investment in fixed assets (net) (-€150,406)
- Trade debts +€79,087
up €79,087 (+39.9%), from €197,990 to €277,078
- Debts after one year +€71,485
up €71,485 (+250.2%), from €28,575 to €100,060
- Reserves -€46,044
down €46,044 (-7.5%), from €613,938 to €567,893
of which Distributable reserves: -€46,044
- Current portion of long-term debt +€29,525
up €29,525 (+146.6%), from €20,147 to €49,672
- Tax, wage and social debts -€25,418
down €25,418 (-23.7%), from €107,465 to €82,047
of which Taxes: -€23,804
- Staff costs +€77,537
up €77,537 (+9.4%), from €828,814 to €906,351
- Gross operating margin +€36,087
up €36,087 (+2.8%), from €1.3m to €1.3m
- Depreciation +€33,500
up €33,500 (+167.3%), from €20,018 to €53,518
- Taxes -€21,496
down €21,496 (-19.1%), from €112,606 to €91,110
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 | €986,715 | €1,095,349 | +€108,635 | +11.0% |
| Fixed assets | 21/28 | €160,139 | €257,027 | +€96,888 | +60.5% |
| Tangible fixed assets | 22/27 | €156,880 | €251,968 | +€95,088 | +60.6% |
| Land and buildings | 22 | €45,901 | €47,852 | +€1,951 | +4.3% |
| Plant, machinery and equipment | 23 | €38,399 | €33,712 | -€4,686 | -12.2% |
| Furniture and vehicles | 24 | €65,243 | €167,697 | +€102,454 | +157.0% |
| Other tangible fixed assets | 26 | €7,337 | €2,707 | -€4,630 | -63.1% |
| Financial fixed assets | 28 | €3,259 | €5,059 | +€1,800 | +55.2% |
| Current assets | 29/58 | €826,575 | €838,322 | +€11,747 | +1.4% |
| Stocks and contracts in progress | 3 | €21,326 | €27,550 | +€6,225 | +29.2% |
| Stocks | 30/36 | €21,326 | €27,550 | +€6,225 | +29.2% |
| Amounts receivable within one year | 40/41 | €10,602 | €78,631 | +€68,029 | +641.7% |
| Trade receivables | 40 | €5,827 | €5,237 | -€590 | -10.1% |
| Other amounts receivable | 41 | €4,774 | €73,394 | +€68,619 | +1437.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €794,648 | €732,141 | -€62,507 | -7.9% |
| Total equity and liabilities | 10/49 | €986,715 | €1,095,349 | +€108,635 | +11.0% |
| Equity | 10/15 | €632,538 | €586,493 | -€46,044 | -7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €613,938 | €567,893 | -€46,044 | -7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €612,078 | €566,033 | -€46,044 | -7.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €354,177 | €508,856 | +€154,679 | +43.7% |
| Amounts payable after more than one year | 17 | €28,575 | €100,060 | +€71,485 | +250.2% |
| Financial debts | 170/4 | €28,575 | €100,060 | +€71,485 | +250.2% |
| Amounts payable within one year | 42/48 | €325,602 | €408,796 | +€83,194 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €20,147 | €49,672 | +€29,525 | +146.6% |
| Trade debts | 44 | €197,990 | €277,078 | +€79,087 | +39.9% |
| Suppliers | 440/4 | €197,990 | €277,078 | +€79,087 | +39.9% |
| Taxes, remuneration and social security | 45 | €107,465 | €82,047 | -€25,418 | -23.7% |
| Taxes | 450/3 | €60,997 | €37,193 | -€23,804 | -39.0% |
| Remuneration and social security | 454/9 | €46,468 | €44,854 | -€1,614 | -3.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €828,814 | €906,351 | +€77,537 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,018 | €53,518 | +€33,500 | +167.3% |
| Other operating charges | 640/8 | €3,064 | €13,912 | +€10,848 | +354.0% |
| Non-recurring operating charges | 66A | €901 | €0 | -€901 | -100.0% |
| Gross operating margin | 9900 | €1,286,451 | €1,322,538 | +€36,087 | +2.8% |
| Operating profit (loss) | 9901 | €433,654 | €348,757 | -€84,897 | -19.6% |
| Financial income | 75/76B | €6,266 | €3,513 | -€2,753 | -43.9% |
| Recurring financial income | 75 | €6,266 | €3,513 | -€2,753 | -43.9% |
| Financial charges | 65/66B | €5,768 | €7,204 | +€1,437 | +24.9% |
| Recurring financial charges | 65 | €5,768 | €7,204 | +€1,437 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €434,152 | €345,066 | -€89,086 | -20.5% |
| Income taxes | 67/77 | €112,606 | €91,110 | -€21,496 | -19.1% |
| Profit (loss) for the period | 9904 | €321,546 | €253,956 | -€67,590 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €321,546 | €253,956 | -€67,590 | -21.0% |
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 12 October 2026 via checked.be.