NOTTE - VASAMULIETTE: 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.
What changed
NOTTE - VASAMULIETTE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€193,093
2024 · €158,256+€34,838
Equity
€2.5m
2024 · €2.5m-€16,908
Cash
€35,912
2024 · €31,083+€4,829
Balance sheet total
€2.6m
2024 · €3.0m-€335,646
Largest movements
Assets
- Receivables within one year -€329,991
down €329,991 (-25.6%), from €1.3m to €960,493
of which Other amounts receivable: -€321,521
Equity and liabilities
- Trade debts -€225,000
down €225,000 (-100%), from €225,000 to €0
- Current portion of long-term debt -€35,606
down €35,606 (-100%), from €35,606 to €0
- Accrued charges and deferred income -€32,266
down €32,266 (-97.8%), from €32,979 to €712
Income statement
- Gross operating margin -€109,369
down €109,369 (-40.4%), from €270,411 to €161,043
- Financial income +€100,549
up €100,549 (+7,574%), from €1,328 to €101,877
- Other operating charges -€28,025
down €28,025 (-92.7%), from €30,238 to €2,212
- Taxes -€17,572
down €17,572 (-25.6%), from €68,680 to €51,108
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.
Result 2024
€158,256
Gross operating margin
-€109,369
Other operating charges
+€28,025
Financial income
+€100,549
Financial charges
-€1,940
Taxes
+€17,572
Result 2025
€193,093
raises the resultlowers the result
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.
From operations
+€258,933
Investment
€0
Financing
-€254,104
Cash 2024
€31,083
From operations (derived)
+€258,933
Net result for the year
+€193,093
Depreciation
+€10,378
Receivables within one year
+€329,991
Deferred charges and accrued income
+€106
Trade debts
-€225,000
Tax, wage and social debts
-€10,269
Other debts
-€7,100
Accrued charges and deferred income
-€32,266
Financing
-€254,104
Current portion of long-term debt
-€35,606
Short-term financial debts
-€8,497
Contributions, distributions and other
-€210,001
Cash 2025
€35,912
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,960,418 | €2,624,772 | -€335,646 | -11.3% |
| Fixed assets | 21/28 | €1,637,252 | €1,626,874 | -€10,378 | -0.6% |
| Tangible fixed assets | 22/27 | €244,003 | €233,625 | -€10,378 | -4.3% |
| Land and buildings | 22 | €225,000 | €225,000 | = | 0.0% |
| Furniture and vehicles | 24 | €19,003 | €8,625 | -€10,378 | -54.6% |
| Financial fixed assets | 28 | €1,393,249 | €1,393,249 | = | 0.0% |
| Current assets | 29/58 | €1,323,166 | €997,898 | -€325,268 | -24.6% |
| Amounts receivable within one year | 40/41 | €1,290,485 | €960,493 | -€329,991 | -25.6% |
| Trade receivables | 40 | €21,780 | €13,310 | -€8,470 | -38.9% |
| Other amounts receivable | 41 | €1,268,705 | €947,183 | -€321,521 | -25.3% |
| Cash at bank and in hand | 54/58 | €31,083 | €35,912 | +€4,829 | +15.5% |
| Deferred charges and accrued income | 490/1 | €1,598 | €1,492 | -€106 | -6.6% |
| Total equity and liabilities | 10/49 | €2,960,418 | €2,624,772 | -€335,646 | -11.3% |
| Equity | 10/15 | €2,544,706 | €2,527,798 | -€16,908 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,538,506 | €2,521,598 | -€16,908 | -0.7% |
| Distributable reserves | 133 | €2,538,506 | €2,521,598 | -€16,908 | -0.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €415,712 | €96,974 | -€318,739 | -76.7% |
| Amounts payable after more than one year | 17 | €74,368 | €74,368 | = | 0.0% |
| Financial debts | 170/4 | €74,368 | €74,368 | = | 0.0% |
| Amounts payable within one year | 42/48 | €308,366 | €21,893 | -€286,472 | -92.9% |
| Current portion of amounts payable after more than one year | 42 | €35,606 | €0 | -€35,606 | -100% |
| Financial debts | 43 | €18,608 | €10,112 | -€8,497 | -45.7% |
| Credit institutions | 430/8 | €18,608 | €10,112 | -€8,497 | -45.7% |
| Trade debts | 44 | €225,000 | €0 | -€225,000 | -100% |
| Suppliers | 440/4 | €225,000 | €0 | -€225,000 | -100% |
| Taxes, remuneration and social security | 45 | €16,772 | €6,503 | -€10,269 | -61.2% |
| Taxes | 450/3 | €13,172 | €6,503 | -€6,669 | -50.6% |
| Remuneration and social security | 454/9 | €3,600 | €0 | -€3,600 | -100% |
| Other amounts payable | 47/48 | €12,378 | €5,278 | -€7,100 | -57.4% |
| Accrued charges and deferred income | 492/3 | €32,979 | €712 | -€32,266 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,378 | €10,378 | = | 0.0% |
| Other operating charges | 640/8 | €30,238 | €2,212 | -€28,025 | -92.7% |
| Gross operating margin | 9900 | €270,411 | €161,043 | -€109,369 | -40.4% |
| Operating profit (loss) | 9901 | €229,796 | €148,452 | -€81,344 | -35.4% |
| Financial income | 75/76B | €1,328 | €101,877 | +€100,549 | +7,574% |
| Recurring financial income | 75 | €1,328 | €101,877 | +€100,549 | +7,574% |
| Financial charges | 65/66B | €4,188 | €6,128 | +€1,940 | +46.3% |
| Recurring financial charges | 65 | €4,188 | €6,128 | +€1,940 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €226,935 | €244,201 | +€17,266 | +7.6% |
| Income taxes | 67/77 | €68,680 | €51,108 | -€17,572 | -25.6% |
| Profit (loss) for the period | 9904 | €158,256 | €193,093 | +€34,838 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €158,256 | €193,093 | +€34,838 | +22.0% |
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 20 October 2026 via checked.be.