'T NOTENBALKJE: what changed
What changed
'T NOTENBALKJE
NACE 47.690, Retail sale of other cultural and recreation goods
filed annual accounts (NBB)
Net result for the year
€46,718
2025 · €35,099+€11,619
Equity
€215,725
2025 · €169,097+€46,628
Cash
€50,774
2025 · €4,629+€46,145
Balance sheet total
€339,178
2025 · €314,772+€24,406
Largest movements
Assets
- Cash +€46,145
up €46,145 (+997%), from €4,629 to €50,774
mainly Net result for the year (+€46,718) and Depreciation (+€14,195)
- Tangible fixed assets -€16,522
down €16,522 (-10.8%), from €152,315 to €135,793
of which Land and buildings: -€12,695
- Stocks and contracts -€4,893
down €4,893 (-3.1%), from €156,724 to €151,831
Equity and liabilities
- Reserves +€46,628
up €46,628 (+31.0%), from €150,497 to €197,125
of which Distributable reserves: +€46,628
- Debts after one year -€14,735
down €14,735 (-17.2%), from €85,530 to €70,795
of which Financial debts: -€14,735
Income statement
- Gross operating margin +€14,843
up €14,843 (+21.1%), from €70,247 to €85,090
- Taxes +€5,158
up €5,158 (+30.4%), from €16,953 to €22,111
- Financial income +€1,292
up €1,292 (+279%), from €463 to €1,755
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€35,099
Gross operating margin
+€14,843
Depreciation
+€509
Other operating charges
-€91
Financial income
+€1,292
Financial charges
+€225
Taxes
-€5,158
Result 2026
€46,718
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€57,181
Investment
+€2,327
Financing
-€13,363
Cash 2025
€4,629
From operations (derived)
+€57,181
Net result for the year
+€46,718
Depreciation
+€14,195
Stocks and contracts
+€4,893
Receivables within one year
+€339
Deferred charges and accrued income
-€15
Trade debts
-€3,109
Tax, wage and social debts
-€2,460
Other debts
-€1,608
Accrued charges and deferred income
-€1,772
Investment (derived)
+€2,327
Investment in fixed assets (net)
+€2,327
Financing
-€13,363
Debts after one year
-€14,735
Current portion of long-term debt
+€1,462
Contributions, distributions and other
-€90
Cash 2026
€50,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,772 | €339,178 | +€24,406 | +7.8% |
| Fixed assets | 21/28 | €152,315 | €135,793 | -€16,522 | -10.8% |
| Tangible fixed assets | 22/27 | €152,315 | €135,793 | -€16,522 | -10.8% |
| Land and buildings | 22 | €148,086 | €135,390 | -€12,695 | -8.6% |
| Plant, machinery and equipment | 23 | €4,229 | €403 | -€3,827 | -90.5% |
| Current assets | 29/58 | €162,457 | €203,385 | +€40,928 | +25.2% |
| Stocks and contracts in progress | 3 | €156,724 | €151,831 | -€4,893 | -3.1% |
| Stocks | 30/36 | €156,724 | €151,831 | -€4,893 | -3.1% |
| Amounts receivable within one year | 40/41 | €340 | €1 | -€339 | -99.7% |
| Trade receivables | 40 | €340 | €0 | -€340 | -100% |
| Other amounts receivable | 41 | €0 | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €4,629 | €50,774 | +€46,145 | +997% |
| Deferred charges and accrued income | 490/1 | €764 | €779 | +€15 | +2.0% |
| Total equity and liabilities | 10/49 | €314,772 | €339,178 | +€24,406 | +7.8% |
| Equity | 10/15 | €169,097 | €215,725 | +€46,628 | +27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,497 | €197,125 | +€46,628 | +31.0% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,200 | €1,200 | = | 0.0% |
| Distributable reserves | 133 | €149,297 | €195,925 | +€46,628 | +31.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €145,675 | €123,453 | -€22,222 | -15.3% |
| Amounts payable after more than one year | 17 | €85,530 | €70,795 | -€14,735 | -17.2% |
| Financial debts | 170/4 | €85,530 | €70,795 | -€14,735 | -17.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €58,252 | €52,537 | -€5,715 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €14,490 | €15,952 | +€1,462 | +10.1% |
| Trade debts | 44 | €5,299 | €2,189 | -€3,109 | -58.7% |
| Suppliers | 440/4 | €5,299 | €2,189 | -€3,109 | -58.7% |
| Taxes, remuneration and social security | 45 | €13,159 | €10,699 | -€2,460 | -18.7% |
| Taxes | 450/3 | €13,159 | €7,601 | -€5,558 | -42.2% |
| Remuneration and social security | 454/9 | - | €3,098 | +€3,098 | |
| Other amounts payable | 47/48 | €25,304 | €23,696 | -€1,608 | -6.4% |
| Accrued charges and deferred income | 492/3 | €1,893 | €121 | -€1,772 | -93.6% |
| Non-recurring operating income | 76A | - | €3,941 | +€3,941 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,704 | €14,195 | -€509 | -3.5% |
| Other operating charges | 640/8 | €1,969 | €2,060 | +€91 | +4.6% |
| Gross operating margin | 9900 | €70,247 | €85,090 | +€14,843 | +21.1% |
| Operating profit (loss) | 9901 | €53,574 | €68,835 | +€15,261 | +28.5% |
| Financial income | 75/76B | €463 | €1,755 | +€1,292 | +279% |
| Recurring financial income | 75 | €463 | €1,755 | +€1,292 | +279% |
| Financial charges | 65/66B | €1,986 | €1,761 | -€225 | -11.3% |
| Recurring financial charges | 65 | €1,986 | €1,761 | -€225 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €52,052 | €68,829 | +€16,777 | +32.2% |
| Income taxes | 67/77 | €16,953 | €22,111 | +€5,158 | +30.4% |
| Profit (loss) for the period | 9904 | €35,099 | €46,718 | +€11,619 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,099 | €46,718 | +€11,619 | +33.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.