Notrix: 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.
Notrix
Largest movements
- Receivables within one year +€15,410
up €15,410 (+45.3%), from €33,982 to €49,392
of which Trade receivables: +€19,923
- Cash -€7,213
down €7,213 (-5.9%), from €122,244 to €115,031
mainly Contributions, distributions and other (-€25,002) and Other debts (-€16,293)
- Deferred charges and accrued income +€4,900
up €4,900 (+139%), from €3,528 to €8,427
- Reserves +€50,317
up €50,317 (+19.3%), from €260,457 to €310,774
- Other debts -€16,293
down €16,293 (-81.9%), from €19,903 to €3,611
- Debts after one year -€11,149
down €11,149 (-8.9%), from €124,833 to €113,684
- Gross operating margin +€17,760
up €17,760 (+16.2%), from €109,750 to €127,510
- Taxes +€5,130
up €5,130 (+16.0%), from €32,024 to €37,155
- Depreciation +€2,119
up €2,119 (+29.0%), from €7,320 to €9,439
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 | €454,050 | €473,492 | +€19,442 | +4.3% |
| Fixed assets | 21/28 | €294,296 | €296,072 | +€1,776 | +0.6% |
| Intangible fixed assets | 21 | €4,478 | €3,978 | -€500 | -11.2% |
| Tangible fixed assets | 22/27 | €289,818 | €292,094 | +€2,276 | +0.8% |
| Land and buildings | 22 | €274,472 | €275,155 | +€683 | +0.2% |
| Plant, machinery and equipment | 23 | €10,772 | €11,884 | +€1,113 | +10.3% |
| Furniture and vehicles | 24 | €1,978 | €2,458 | +€480 | +24.3% |
| Other tangible fixed assets | 26 | €2,597 | €2,597 | = | 0.0% |
| Current assets | 29/58 | €159,754 | €177,420 | +€17,666 | +11.1% |
| Amounts receivable within one year | 40/41 | €33,982 | €49,392 | +€15,410 | +45.3% |
| Trade receivables | 40 | €24,585 | €44,508 | +€19,923 | +81.0% |
| Other amounts receivable | 41 | €9,397 | €4,883 | -€4,514 | -48.0% |
| Current investments | 50/53 | - | €4,570 | +€4,570 | |
| Cash at bank and in hand | 54/58 | €122,244 | €115,031 | -€7,213 | -5.9% |
| Deferred charges and accrued income | 490/1 | €3,528 | €8,427 | +€4,900 | +139% |
| Total equity and liabilities | 10/49 | €454,050 | €473,492 | +€19,442 | +4.3% |
| Equity | 10/15 | €266,457 | €316,774 | +€50,317 | +18.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €260,457 | €310,774 | +€50,317 | +19.3% |
| Distributable reserves | 133 | €260,457 | €310,774 | +€50,317 | +19.3% |
| Amounts payable | 17/49 | €187,593 | €156,719 | -€30,875 | -16.5% |
| Amounts payable after more than one year | 17 | €124,833 | €113,684 | -€11,149 | -8.9% |
| Financial debts | 170/4 | €124,833 | €113,684 | -€11,149 | -8.9% |
| Amounts payable within one year | 42/48 | €62,761 | €43,035 | -€19,726 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €10,941 | €11,149 | +€208 | +1.9% |
| Trade debts | 44 | €9,438 | €7,198 | -€2,240 | -23.7% |
| Suppliers | 440/4 | €9,438 | €7,198 | -€2,240 | -23.7% |
| Taxes, remuneration and social security | 45 | €22,478 | €21,078 | -€1,401 | -6.2% |
| Taxes | 450/3 | €22,478 | €21,078 | -€1,401 | -6.2% |
| Other amounts payable | 47/48 | €19,903 | €3,611 | -€16,293 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,320 | €9,439 | +€2,119 | +29.0% |
| Other operating charges | 640/8 | €639 | €716 | +€78 | +12.2% |
| Gross operating margin | 9900 | €109,750 | €127,510 | +€17,760 | +16.2% |
| Operating profit (loss) | 9901 | €101,792 | €117,355 | +€15,563 | +15.3% |
| Financial income | 75/76B | €313 | €447 | +€134 | +42.6% |
| Recurring financial income | 75 | €313 | €447 | +€134 | +42.6% |
| Financial charges | 65/66B | €5,776 | €5,329 | -€448 | -7.7% |
| Recurring financial charges | 65 | €5,776 | €5,329 | -€448 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €96,329 | €112,473 | +€16,144 | +16.8% |
| Income taxes | 67/77 | €32,024 | €37,155 | +€5,130 | +16.0% |
| Profit (loss) for the period | 9904 | €64,305 | €75,319 | +€11,014 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,305 | €75,319 | +€11,014 | +17.1% |
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 18 October 2026 via checked.be.