IMMO NOBEL: 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.
IMMO NOBEL
Largest movements
- Tangible fixed assets -€6,344
down €6,344 (-4.1%), from €156,223 to €149,879
of which Land and buildings: -€6,767
- Debts after one year -€27,500
down €27,500 (-25.5%), from €108,020 to €80,520
- Trade debts +€13,225
up €13,225 (+376%), from €3,515 to €16,740
- Short-term financial debts -€11,534
down €11,534 (-100%), from €11,534 to €0
- Other debts +€10,455
up €10,455 (+191%), from €5,472 to €15,927
- Reserves +€6,570
up €6,570 (+29.2%), from €22,536 to €29,106
of which Distributable reserves: +€6,570
- Gross operating margin +€8,568
up €8,568 (+58.8%), from €14,576 to €23,144
- Taxes +€3,410
up €3,410, from €0 to €3,410
- Financial charges -€2,455
down €2,455 (-55.4%), from €4,431 to €1,976
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 | €168,223 | €164,107 | -€4,116 | -2.4% |
| Fixed assets | 21/28 | €156,223 | €149,879 | -€6,344 | -4.1% |
| Tangible fixed assets | 22/27 | €156,223 | €149,879 | -€6,344 | -4.1% |
| Land and buildings | 22 | €156,223 | €149,455 | -€6,767 | -4.3% |
| Plant, machinery and equipment | 23 | - | €424 | +€424 | |
| Current assets | 29/58 | €12,000 | €14,228 | +€2,228 | +18.6% |
| Amounts receivable within one year | 40/41 | €12,000 | €12,000 | = | 0.0% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €1,326 | +€1,326 | |
| Deferred charges and accrued income | 490/1 | €0 | €902 | +€902 | |
| Total equity and liabilities | 10/49 | €168,223 | €164,107 | -€4,116 | -2.4% |
| Equity | 10/15 | €36,962 | €47,698 | +€10,736 | +29.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,536 | €29,106 | +€6,570 | +29.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €20,677 | €27,247 | +€6,570 | +31.8% |
| Profit (loss) carried forward | 14 | -€4,166 | €0 | +€4,166 | |
| Amounts payable | 17/49 | €131,261 | €116,409 | -€14,852 | -11.3% |
| Amounts payable after more than one year | 17 | €108,020 | €80,520 | -€27,500 | -25.5% |
| Financial debts | 170/4 | €108,020 | €80,520 | -€27,500 | -25.5% |
| Amounts payable within one year | 42/48 | €20,521 | €35,889 | +€15,367 | +74.9% |
| Financial debts | 43 | €11,534 | €0 | -€11,534 | -100% |
| Credit institutions | 430/8 | €11,534 | €0 | -€11,534 | -100% |
| Trade debts | 44 | €3,515 | €16,740 | +€13,225 | +376% |
| Suppliers | 440/4 | €3,515 | €16,740 | +€13,225 | +376% |
| Taxes, remuneration and social security | 45 | €0 | €3,222 | +€3,222 | |
| Taxes | 450/3 | €0 | €3,222 | +€3,222 | |
| Other amounts payable | 47/48 | €5,472 | €15,927 | +€10,455 | +191% |
| Accrued charges and deferred income | 492/3 | €2,719 | €0 | -€2,719 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,950 | €6,878 | -€72 | -1.0% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €14,576 | €23,144 | +€8,568 | +58.8% |
| Operating profit (loss) | 9901 | €7,485 | €16,122 | +€8,637 | +115% |
| Financial charges | 65/66B | €4,431 | €1,976 | -€2,455 | -55.4% |
| Recurring financial charges | 65 | €4,431 | €1,976 | -€2,455 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €3,054 | €14,146 | +€11,092 | +363% |
| Income taxes | 67/77 | €0 | €3,410 | +€3,410 | |
| Profit (loss) for the period | 9904 | €3,054 | €10,736 | +€7,682 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €3,054 | €10,736 | +€7,682 | +252% |
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 17 October 2026 via checked.be.