Wim NOTTE: 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.
Wim NOTTE
Largest movements
- Cash -€145,408
down €145,408 (-84.1%), from €172,842 to €27,433
mainly Contributions, distributions and other (-€111,000) and Receivables within one year (-€105,000)
- Receivables within one year +€105,000
up €105,000 (+11.8%), from €890,200 to €995,200
- Tangible fixed assets -€59,030
down €59,030 (-7.9%), from €750,505 to €691,475
- Debts after one year -€58,333
down €58,333 (-10.1%), from €578,472 to €520,139
- Other debts -€39,000
down €39,000 (-26.0%), from €150,000 to €111,000
- Financial income -€69,969
no longer reported in 2025 (was €69,969)
- Taxes -€21,004
down €21,004 (-36.4%), from €57,708 to €36,705
- Gross operating margin +€4,768
up €4,768 (+2.2%), from €218,674 to €223,442
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 | €1,813,547 | €1,714,109 | -€99,439 | -5.5% |
| Fixed assets | 21/28 | €750,505 | €691,475 | -€59,030 | -7.9% |
| Tangible fixed assets | 22/27 | €750,505 | €691,475 | -€59,030 | -7.9% |
| Land and buildings | 22 | €750,505 | €691,475 | -€59,030 | -7.9% |
| Current assets | 29/58 | €1,063,042 | €1,022,634 | -€40,408 | -3.8% |
| Amounts receivable within one year | 40/41 | €890,200 | €995,200 | +€105,000 | +11.8% |
| Other amounts receivable | 41 | €890,200 | €995,200 | +€105,000 | +11.8% |
| Cash at bank and in hand | 54/58 | €172,842 | €27,433 | -€145,408 | -84.1% |
| Total equity and liabilities | 10/49 | €1,813,547 | €1,714,109 | -€99,439 | -5.5% |
| Equity | 10/15 | €964,307 | €963,421 | -€886 | -0.1% |
| Contributions | 10/11 | €52,058 | €52,058 | = | 0.0% |
| Reserves | 13 | €911,348 | €911,348 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,348 | €15,348 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,348 | €15,348 | = | 0.0% |
| Distributable reserves | 133 | €896,000 | €896,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €902 | €15 | -€886 | -98.3% |
| Amounts payable | 17/49 | €849,240 | €750,688 | -€98,552 | -11.6% |
| Amounts payable after more than one year | 17 | €578,472 | €520,139 | -€58,333 | -10.1% |
| Financial debts | 170/4 | €578,472 | €520,139 | -€58,333 | -10.1% |
| Amounts payable within one year | 42/48 | €266,042 | €227,246 | -€38,795 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €58,333 | €58,333 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €57,708 | €57,913 | +€205 | +0.4% |
| Taxes | 450/3 | €57,708 | €57,913 | +€205 | +0.4% |
| Other amounts payable | 47/48 | €150,000 | €111,000 | -€39,000 | -26.0% |
| Accrued charges and deferred income | 492/3 | €4,727 | €3,303 | -€1,424 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,030 | €59,030 | = | 0.0% |
| Other operating charges | 640/8 | €11,943 | €12,211 | +€269 | +2.2% |
| Gross operating margin | 9900 | €218,674 | €223,442 | +€4,768 | +2.2% |
| Operating profit (loss) | 9901 | €147,701 | €152,201 | +€4,500 | +3.0% |
| Financial income | 75/76B | €69,969 | - | -€69,969 | |
| Recurring financial income | 75 | €69,969 | - | -€69,969 | |
| Financial charges | 65/66B | €5,897 | €5,383 | -€515 | -8.7% |
| Recurring financial charges | 65 | €5,897 | €5,383 | -€515 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €211,773 | €146,818 | -€64,955 | -30.7% |
| Income taxes | 67/77 | €57,708 | €36,705 | -€21,004 | -36.4% |
| Profit (loss) for the period | 9904 | €154,065 | €110,114 | -€43,951 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €154,065 | €110,114 | -€43,951 | -28.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.