Noute: 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.
Noute
Largest movements
- Receivables within one year +€31,404
up €31,404 (+379.5%), from €8,274 to €39,678
of which Other amounts receivable: +€16,922
- Tangible fixed assets -€13,551
down €13,551 (-25.8%), from €52,566 to €39,016
- Cash +€4,028
up €4,028 (+12.1%), from €33,182 to €37,210
mainly Net result for the year (+€33,176) and Depreciation (+€13,551)
- Profit (loss) carried forward +€33,176
up €33,176 (+162.9%), from €20,369 to €53,545
- Debts after one year -€12,482
down €12,482 (-30.1%), from €41,479 to €28,997
- Trade debts +€7,259
up €7,259 (+216.3%), from €3,356 to €10,615
- Other debts -€4,807
no longer reported in 2025 (was €4,807)
- Tax, wage and social debts -€1,800
down €1,800 (-16.3%), from €11,063 to €9,264
- Gross operating margin +€14,368
up €14,368 (+33.2%), from €43,313 to €57,682
- Taxes +€3,379
up €3,379 (+60.8%), from €5,560 to €8,939
- Depreciation -€1,513
down €1,513 (-10.0%), from €15,064 to €13,551
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 | €94,022 | €115,903 | +€21,881 | +23.3% |
| Fixed assets | 21/28 | €52,566 | €39,016 | -€13,551 | -25.8% |
| Tangible fixed assets | 22/27 | €52,566 | €39,016 | -€13,551 | -25.8% |
| Furniture and vehicles | 24 | €52,566 | €39,016 | -€13,551 | -25.8% |
| Current assets | 29/58 | €41,456 | €76,888 | +€35,432 | +85.5% |
| Amounts receivable within one year | 40/41 | €8,274 | €39,678 | +€31,404 | +379.5% |
| Trade receivables | 40 | €8,274 | €22,755 | +€14,481 | +175.0% |
| Other amounts receivable | 41 | - | €16,922 | +€16,922 | |
| Cash at bank and in hand | 54/58 | €33,182 | €37,210 | +€4,028 | +12.1% |
| Total equity and liabilities | 10/49 | €94,022 | €115,903 | +€21,881 | +23.3% |
| Equity | 10/15 | €21,369 | €54,545 | +€33,176 | +155.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,369 | €53,545 | +€33,176 | +162.9% |
| Amounts payable | 17/49 | €72,653 | €61,358 | -€11,295 | -15.5% |
| Amounts payable after more than one year | 17 | €41,479 | €28,997 | -€12,482 | -30.1% |
| Financial debts | 170/4 | €41,479 | €28,997 | -€12,482 | -30.1% |
| Amounts payable within one year | 42/48 | €31,174 | €32,361 | +€1,187 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €11,947 | €12,482 | +€535 | +4.5% |
| Trade debts | 44 | €3,356 | €10,615 | +€7,259 | +216.3% |
| Suppliers | 440/4 | €3,356 | €10,615 | +€7,259 | +216.3% |
| Taxes, remuneration and social security | 45 | €11,063 | €9,264 | -€1,800 | -16.3% |
| Taxes | 450/3 | €11,063 | €9,264 | -€1,800 | -16.3% |
| Other amounts payable | 47/48 | €4,807 | - | -€4,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,064 | €13,551 | -€1,513 | -10.0% |
| Other operating charges | 640/8 | €159 | €222 | +€63 | +39.5% |
| Gross operating margin | 9900 | €43,313 | €57,682 | +€14,368 | +33.2% |
| Operating profit (loss) | 9901 | €28,090 | €43,909 | +€15,819 | +56.3% |
| Financial income | 75/76B | - | €460 | +€460 | |
| Recurring financial income | 75 | - | €460 | +€460 | |
| Financial charges | 65/66B | €2,161 | €2,254 | +€93 | +4.3% |
| Recurring financial charges | 65 | €2,161 | €2,254 | +€93 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €25,929 | €42,115 | +€16,185 | +62.4% |
| Income taxes | 67/77 | €5,560 | €8,939 | +€3,379 | +60.8% |
| Profit (loss) for the period | 9904 | €20,369 | €33,176 | +€12,807 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,369 | €33,176 | +€12,807 | +62.9% |
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 1 October 2026 via checked.be.