NOTTE Construction: 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.
NOTTE Construction
Largest movements
- Cash -€218,388
down €218,388 (-92.7%), from €235,487 to €17,099
mainly Other debts (-€230,157) and Receivables within one year (-€34,879)
- Receivables within one year +€34,879
up €34,879 (+32.5%), from €107,286 to €142,165
of which Other amounts receivable: +€41,736
- Tangible fixed assets -€6,612
down €6,612 (-18.4%), from €35,955 to €29,342
- Other debts -€230,157
down €230,157 (-99.9%), from €230,324 to €166
- Trade debts +€70,821
up €70,821 (+112%), from €63,414 to €134,235
- Tax, wage and social debts -€29,377
down €29,377 (-55.6%), from €52,828 to €23,451
of which Taxes: -€44,238
- Staff costs +€76,045
up €76,045 (+32.1%), from €236,567 to €312,612
- Gross operating margin +€56,833
up €56,833 (+20.0%), from €283,704 to €340,537
- Taxes -€7,695
down €7,695 (-93.2%), from €8,252 to €557
- Financial income -€7,050
down €7,050 (-96.8%), from €7,284 to €235
of which Non-recurring financial income: -€6,705
- Depreciation +€6,113
up €6,113 (+130%), from €4,703 to €10,816
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 | €382,923 | €196,404 | -€186,519 | -48.7% |
| Fixed assets | 21/28 | €38,287 | €31,674 | -€6,612 | -17.3% |
| Tangible fixed assets | 22/27 | €35,955 | €29,342 | -€6,612 | -18.4% |
| Furniture and vehicles | 24 | €35,955 | €29,342 | -€6,612 | -18.4% |
| Financial fixed assets | 28 | €2,332 | €2,332 | = | 0.0% |
| Current assets | 29/58 | €344,636 | €164,730 | -€179,907 | -52.2% |
| Amounts receivable within one year | 40/41 | €107,286 | €142,165 | +€34,879 | +32.5% |
| Trade receivables | 40 | €70,524 | €63,667 | -€6,857 | -9.7% |
| Other amounts receivable | 41 | €36,762 | €78,498 | +€41,736 | +114% |
| Cash at bank and in hand | 54/58 | €235,487 | €17,099 | -€218,388 | -92.7% |
| Deferred charges and accrued income | 490/1 | €1,863 | €5,466 | +€3,603 | +193% |
| Total equity and liabilities | 10/49 | €382,923 | €196,404 | -€186,519 | -48.7% |
| Equity | 10/15 | €36,357 | €36,470 | +€112 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,357 | €31,470 | +€112 | +0.4% |
| Amounts payable | 17/49 | €346,565 | €159,934 | -€186,631 | -53.9% |
| Amounts payable within one year | 42/48 | €346,565 | €159,934 | -€186,631 | -53.9% |
| Trade debts | 44 | €63,414 | €134,235 | +€70,821 | +112% |
| Suppliers | 440/4 | €63,414 | €134,235 | +€70,821 | +112% |
| Advances received on contracts in progress | 46 | - | €2,082 | +€2,082 | |
| Taxes, remuneration and social security | 45 | €52,828 | €23,451 | -€29,377 | -55.6% |
| Taxes | 450/3 | €52,828 | €8,590 | -€44,238 | -83.7% |
| Remuneration and social security | 454/9 | - | €14,861 | +€14,861 | |
| Other amounts payable | 47/48 | €230,324 | €166 | -€230,157 | -99.9% |
| Remuneration, social security and pensions | 62 | €236,567 | €312,612 | +€76,045 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,703 | €10,816 | +€6,113 | +130% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,600 | +€1,600 | |
| Other operating charges | 640/8 | €4,893 | €2,878 | -€2,016 | -41.2% |
| Non-recurring operating charges | 66A | - | €7,742 | +€7,742 | |
| Gross operating margin | 9900 | €283,704 | €340,537 | +€56,833 | +20.0% |
| Operating profit (loss) | 9901 | €37,540 | €4,889 | -€32,652 | -87.0% |
| Financial income | 75/76B | €7,284 | €235 | -€7,050 | -96.8% |
| Recurring financial income | 75 | €579 | €235 | -€345 | -59.5% |
| Non-recurring financial income | 76B | €6,705 | - | -€6,705 | |
| Financial charges | 65/66B | €5,215 | €4,454 | -€761 | -14.6% |
| Recurring financial charges | 65 | €5,215 | €4,454 | -€761 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €39,610 | €669 | -€38,940 | -98.3% |
| Income taxes | 67/77 | €8,252 | €557 | -€7,695 | -93.2% |
| Profit (loss) for the period | 9904 | €31,357 | €112 | -€31,245 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,357 | €112 | -€31,245 | -99.6% |
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.