NOTTELEC: what changed
Two fiscal 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.
NOTTELEC
Largest movements
- Cash -€8,258
down €8,258 (-24.5%), from €33,738 to €25,480
mainly Investment in fixed assets (net) (-€45,430) and Contributions, distributions and other (-€13,491)
- Tangible fixed assets +€7,192
up €7,192 (+3.0%), from €240,381 to €247,573
of which Plant, machinery and equipment: +€35,141
- Receivables within one year -€5,705
down €5,705 (-18.1%), from €31,505 to €25,799
of which Trade receivables: -€9,975
- Other debts +€13,123
up €13,123 (+20.5%), from €63,862 to €76,984
- Debts after one year -€10,256
down €10,256 (-6.3%), from €162,914 to €152,658
- Reserves -€8,200
down €8,200 (-17.3%), from €47,355 to €39,155
- Gross operating margin -€8,627
down €8,627 (-15.2%), from €56,710 to €48,083
- Depreciation +€6,696
up €6,696 (+21.2%), from €31,542 to €38,238
- Taxes -€3,801
down €3,801 (-83.9%), from €4,532 to €731
- Financial charges -€3,158
down €3,158 (-61.3%), from €5,153 to €1,994
- Other operating charges +€1,755
up €1,755 (+170.9%), from €1,027 to €2,782
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 | €308,120 | €301,344 | -€6,777 | -2.2% |
| Fixed assets | 21/28 | €240,381 | €247,573 | +€7,192 | +3.0% |
| Tangible fixed assets | 22/27 | €240,381 | €247,573 | +€7,192 | +3.0% |
| Land and buildings | 22 | €185,773 | €173,960 | -€11,813 | -6.4% |
| Plant, machinery and equipment | 23 | €21,253 | €56,394 | +€35,141 | +165.3% |
| Furniture and vehicles | 24 | €33,356 | €17,219 | -€16,136 | -48.4% |
| Current assets | 29/58 | €67,739 | €53,770 | -€13,969 | -20.6% |
| Amounts receivable within one year | 40/41 | €31,505 | €25,799 | -€5,705 | -18.1% |
| Trade receivables | 40 | €31,505 | €21,530 | -€9,975 | -31.7% |
| Other amounts receivable | 41 | €0 | €4,269 | +€4,269 | |
| Cash at bank and in hand | 54/58 | €33,738 | €25,480 | -€8,258 | -24.5% |
| Deferred charges and accrued income | 490/1 | €2,496 | €2,491 | -€5 | -0.2% |
| Total equity and liabilities | 10/49 | €308,120 | €301,344 | -€6,777 | -2.2% |
| Equity | 10/15 | €61,273 | €52,612 | -€8,661 | -14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,355 | €39,155 | -€8,200 | -17.3% |
| Distributable reserves | 133 | €47,355 | €39,155 | -€8,200 | -17.3% |
| Profit (loss) carried forward | 14 | €262 | €292 | +€30 | +11.5% |
| Investment grants | 15 | €7,456 | €6,965 | -€491 | -6.6% |
| Amounts payable | 17/49 | €246,847 | €248,732 | +€1,885 | +0.8% |
| Amounts payable after more than one year | 17 | €162,914 | €152,658 | -€10,256 | -6.3% |
| Financial debts | 170/4 | €162,914 | €152,658 | -€10,256 | -6.3% |
| Amounts payable within one year | 42/48 | €83,933 | €96,055 | +€12,122 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €10,147 | €10,256 | +€109 | +1.1% |
| Trade debts | 44 | €2,719 | €1,347 | -€1,372 | -50.4% |
| Suppliers | 440/4 | €2,719 | €1,347 | -€1,372 | -50.4% |
| Taxes, remuneration and social security | 45 | €7,205 | €7,467 | +€262 | +3.6% |
| Taxes | 450/3 | €7,205 | €7,467 | +€262 | +3.6% |
| Other amounts payable | 47/48 | €63,862 | €76,984 | +€13,123 | +20.5% |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,542 | €38,238 | +€6,696 | +21.2% |
| Other operating charges | 640/8 | €1,027 | €2,782 | +€1,755 | +170.9% |
| Gross operating margin | 9900 | €56,710 | €48,083 | -€8,627 | -15.2% |
| Operating profit (loss) | 9901 | €24,141 | €7,064 | -€17,078 | -70.7% |
| Financial income | 75/76B | €492 | €491 | -€0 | 0.0% |
| Recurring financial income | 75 | €492 | €491 | -€0 | 0.0% |
| Financial charges | 65/66B | €5,153 | €1,994 | -€3,158 | -61.3% |
| Recurring financial charges | 65 | €5,153 | €1,994 | -€3,158 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €19,480 | €5,561 | -€13,920 | -71.5% |
| Income taxes | 67/77 | €4,532 | €731 | -€3,801 | -83.9% |
| Profit (loss) for the period | 9904 | €14,948 | €4,830 | -€10,118 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,948 | €4,830 | -€10,118 | -67.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.