NOTTEBOOM: 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.
NOTTEBOOM
Largest movements
- Tangible fixed assets -€72,487
down €72,487 (-18.6%), from €390,112 to €317,625
of which Furniture and vehicles: -€54,798
- Cash +€56,056
up €56,056 (+128%), from €43,699 to €99,755
mainly Receivables within one year (+€55,635) and Depreciation (+€44,325)
- Receivables within one year -€55,635
down €55,635 (-38.5%), from €144,361 to €88,725
of which Trade receivables: -€63,389
- Stocks and contracts +€37,487
up €37,487 (+71.2%), from €52,639 to €90,126
of which Contracts in progress: +€44,000
- Debts after one year -€43,800
down €43,800 (-26.3%), from €166,692 to €122,892
- Other debts -€14,017
down €14,017 (-15.0%), from €93,481 to €79,464
- Reserves +€9,640
up €9,640 (+3.2%), from €300,652 to €310,292
of which Distributable reserves: +€9,640
- Trade debts +€6,715
up €6,715 (+28.4%), from €23,668 to €30,383
- Gross operating margin -€61,866
down €61,866 (-46.4%), from €133,346 to €71,480
- Staff costs -€23,710
down €23,710 (-93.9%), from €25,262 to €1,552
- Taxes -€16,881
down €16,881 (-99.7%), from €16,928 to €47
- Depreciation +€8,003
up €8,003 (+22.0%), from €36,322 to €44,325
- Other operating charges -€6,218
down €6,218 (-57.7%), from €10,769 to €4,550
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 | €634,690 | €600,199 | -€34,491 | -5.4% |
| Fixed assets | 21/28 | €390,408 | €317,921 | -€72,487 | -18.6% |
| Tangible fixed assets | 22/27 | €390,112 | €317,625 | -€72,487 | -18.6% |
| Land and buildings | 22 | €252,806 | €234,147 | -€18,660 | -7.4% |
| Plant, machinery and equipment | 23 | €3,209 | €4,179 | +€971 | +30.3% |
| Furniture and vehicles | 24 | €134,097 | €79,299 | -€54,798 | -40.9% |
| Financial fixed assets | 28 | €296 | €296 | = | 0.0% |
| Current assets | 29/58 | €244,282 | €282,278 | +€37,996 | +15.6% |
| Stocks and contracts in progress | 3 | €52,639 | €90,126 | +€37,487 | +71.2% |
| Stocks | 30/36 | €42,639 | €36,126 | -€6,513 | -15.3% |
| Contracts in progress | 37 | €10,000 | €54,000 | +€44,000 | +440% |
| Amounts receivable within one year | 40/41 | €144,361 | €88,725 | -€55,635 | -38.5% |
| Trade receivables | 40 | €143,352 | €79,963 | -€63,389 | -44.2% |
| Other amounts receivable | 41 | €1,008 | €8,762 | +€7,753 | +769% |
| Cash at bank and in hand | 54/58 | €43,699 | €99,755 | +€56,056 | +128% |
| Deferred charges and accrued income | 490/1 | €3,583 | €3,671 | +€88 | +2.5% |
| Total equity and liabilities | 10/49 | €634,690 | €600,199 | -€34,491 | -5.4% |
| Equity | 10/15 | €319,252 | €328,892 | +€9,640 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300,652 | €310,292 | +€9,640 | +3.2% |
| 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 | €298,792 | €308,432 | +€9,640 | +3.2% |
| Amounts payable | 17/49 | €315,438 | €271,308 | -€44,131 | -14.0% |
| Amounts payable after more than one year | 17 | €166,692 | €122,892 | -€43,800 | -26.3% |
| Financial debts | 170/4 | €166,692 | €122,892 | -€43,800 | -26.3% |
| Amounts payable within one year | 42/48 | €148,746 | €148,415 | -€331 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €10,336 | €15,469 | +€5,133 | +49.7% |
| Financial debts | 43 | €4,415 | €6,265 | +€1,850 | +41.9% |
| Credit institutions | 430/8 | €4,415 | €6,265 | +€1,850 | +41.9% |
| Trade debts | 44 | €23,668 | €30,383 | +€6,715 | +28.4% |
| Suppliers | 440/4 | €23,668 | €30,383 | +€6,715 | +28.4% |
| Taxes, remuneration and social security | 45 | €16,846 | €16,834 | -€11 | -0.1% |
| Taxes | 450/3 | €9,424 | €1,060 | -€8,364 | -88.8% |
| Remuneration and social security | 454/9 | €7,421 | €15,774 | +€8,353 | +113% |
| Other amounts payable | 47/48 | €93,481 | €79,464 | -€14,017 | -15.0% |
| Non-recurring operating income | 76A | €24,880 | €0 | -€24,880 | -100% |
| Remuneration, social security and pensions | 62 | €25,262 | €1,552 | -€23,710 | -93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,322 | €44,325 | +€8,003 | +22.0% |
| Other operating charges | 640/8 | €10,769 | €4,550 | -€6,218 | -57.7% |
| Non-recurring operating charges | 66A | €988 | €211 | -€777 | -78.6% |
| Gross operating margin | 9900 | €133,346 | €71,480 | -€61,866 | -46.4% |
| Operating profit (loss) | 9901 | €60,005 | €20,842 | -€39,164 | -65.3% |
| Financial income | 75/76B | €47 | €357 | +€310 | +653% |
| Recurring financial income | 75 | €47 | €357 | +€310 | +653% |
| Financial charges | 65/66B | €10,408 | €11,512 | +€1,104 | +10.6% |
| Recurring financial charges | 65 | €10,408 | €11,512 | +€1,104 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €49,645 | €9,687 | -€39,958 | -80.5% |
| Income taxes | 67/77 | €16,928 | €47 | -€16,881 | -99.7% |
| Profit (loss) for the period | 9904 | €32,716 | €9,640 | -€23,077 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,716 | €9,640 | -€23,077 | -70.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.