NOTUX: 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.
NOTUX
Largest movements
- Stocks and contracts -€836,489
down €836,489 (-81.7%), from €1.0m to €187,240
- Cash +€792,418
up €792,418 (+585.5%), from €135,349 to €927,768
mainly Stocks and contracts (+€836,489) and Deferred charges and accrued income (+€76,750)
- Deferred charges and accrued income -€76,750
down €76,750 (-81.6%), from €94,108 to €17,358
- Profit (loss) carried forward -€126,090
down €126,090 (-45.3%), from -€278,065 to -€404,155
- Short-term financial debts -€50,000
down €50,000 (-5.0%), from €1.0m to €950,000
- Other debts +€25,000
up €25,000 (+16.7%), from €150,050 to €175,050
- Trade debts +€18,366
up €18,366 (+71.3%), from €25,761 to €44,128
- Tax, wage and social debts +€17,980
up €17,980 (+70.7%), from €25,426 to €43,406
- Gross operating margin -€51,192
down €51,192 (-142.0%), from -€36,057 to -€87,250
- Financial charges +€5,864
up €5,864 (+14.5%), from €40,424 to €46,288
- Financial income -€1,499
down €1,499 (-14.6%), from €10,247 to €8,748
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 | €1,262,653 | €1,145,412 | -€117,241 | -9.3% |
| Current assets | 29/58 | €1,262,653 | €1,145,412 | -€117,241 | -9.3% |
| Stocks and contracts in progress | 3 | €1,023,729 | €187,240 | -€836,489 | -81.7% |
| Stocks | 30/36 | €1,023,729 | €187,240 | -€836,489 | -81.7% |
| Amounts receivable within one year | 40/41 | €9,467 | €13,047 | +€3,580 | +37.8% |
| Trade receivables | 40 | - | €13,047 | +€13,047 | |
| Other amounts receivable | 41 | €9,467 | - | -€9,467 | |
| Cash at bank and in hand | 54/58 | €135,349 | €927,768 | +€792,418 | +585.5% |
| Deferred charges and accrued income | 490/1 | €94,108 | €17,358 | -€76,750 | -81.6% |
| Total equity and liabilities | 10/49 | €1,262,653 | €1,145,412 | -€117,241 | -9.3% |
| Equity | 10/15 | €57,668 | -€68,422 | -€126,090 | |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €135,733 | €135,733 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €115,733 | €115,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,065 | -€404,155 | -€126,090 | -45.3% |
| Amounts payable | 17/49 | €1,204,985 | €1,213,834 | +€8,849 | +0.7% |
| Amounts payable within one year | 42/48 | €1,201,238 | €1,212,584 | +€11,346 | +0.9% |
| Financial debts | 43 | €1,000,000 | €950,000 | -€50,000 | -5.0% |
| Credit institutions | 430/8 | €1,000,000 | €950,000 | -€50,000 | -5.0% |
| Trade debts | 44 | €25,761 | €44,128 | +€18,366 | +71.3% |
| Suppliers | 440/4 | €25,761 | €44,128 | +€18,366 | +71.3% |
| Taxes, remuneration and social security | 45 | €25,426 | €43,406 | +€17,980 | +70.7% |
| Taxes | 450/3 | €25,426 | €43,406 | +€17,980 | +70.7% |
| Other amounts payable | 47/48 | €150,050 | €175,050 | +€25,000 | +16.7% |
| Accrued charges and deferred income | 492/3 | €3,747 | €1,250 | -€2,497 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | - | -€387 | |
| Other operating charges | 640/8 | €1,150 | €574 | -€576 | -50.1% |
| Gross operating margin | 9900 | -€36,057 | -€87,250 | -€51,192 | -142.0% |
| Operating profit (loss) | 9901 | -€37,594 | -€87,824 | -€50,230 | -133.6% |
| Financial income | 75/76B | €10,247 | €8,748 | -€1,499 | -14.6% |
| Recurring financial income | 75 | €10,247 | €8,748 | -€1,499 | -14.6% |
| Financial charges | 65/66B | €40,424 | €46,288 | +€5,864 | +14.5% |
| Recurring financial charges | 65 | €40,424 | €46,288 | +€5,864 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | -€67,771 | -€125,363 | -€57,593 | -85.0% |
| Income taxes | 67/77 | €1 | €726 | +€726 | +109950.0% |
| Profit (loss) for the period | 9904 | -€67,771 | -€126,090 | -€58,319 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,771 | -€126,090 | -€58,319 | -86.1% |
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 6 October 2026 via checked.be.