NOB'S: 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.
NOB'S
Largest movements
- Receivables within one year +€34,834
up €34,834 (+24,438%), from €143 to €34,976
of which Trade receivables: +€33,319
- Stocks and contracts -€10,566
down €10,566 (-22.1%), from €47,753 to €37,187
- Tangible fixed assets -€10,100
down €10,100 (-100%), from €10,100 to €0
of which Furniture and vehicles: -€9,849
- Cash +€2,449
up €2,449 (+499,739%), from €0 to €2,449
mainly Stocks and contracts (+€10,566) and Investment in fixed assets (net) (+€9,229)
- Profit (loss) carried forward +€6,932
up €6,932 (+40.3%), from -€17,221 to -€10,289
- Trade debts +€4,347
up €4,347 (+20.2%), from €21,557 to €25,904
- Other debts +€2,666
up €2,666 (+7.7%), from €34,467 to €37,133
- Short-term financial debts +€2,253
up €2,253 (+925%), from €244 to €2,497
- Tax, wage and social debts +€781
up €781 (+448%), from €174 to €956
- Gross operating margin +€33,052
up €33,052, from -€16,864 to €16,189
- Depreciation -€4,287
down €4,287 (-83.1%), from €5,158 to €872
- Other operating charges +€510
up €510 (+116%), from €439 to €949
- Financial income +€386
up €386 (+12,149%), from €3 to €390
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 | €57,996 | €74,975 | +€16,979 | +29.3% |
| Fixed assets | 21/28 | €10,100 | €0 | -€10,100 | -100% |
| Tangible fixed assets | 22/27 | €10,100 | €0 | -€10,100 | -100% |
| Plant, machinery and equipment | 23 | €251 | €0 | -€251 | -100% |
| Furniture and vehicles | 24 | €9,849 | €0 | -€9,849 | -100% |
| Current assets | 29/58 | €47,896 | €74,975 | +€27,079 | +56.5% |
| Stocks and contracts in progress | 3 | €47,753 | €37,187 | -€10,566 | -22.1% |
| Stocks | 30/36 | €47,753 | €37,187 | -€10,566 | -22.1% |
| Amounts receivable within one year | 40/41 | €143 | €34,976 | +€34,834 | +24,438% |
| Trade receivables | 40 | €0 | €33,319 | +€33,319 | |
| Other amounts receivable | 41 | €143 | €1,658 | +€1,515 | +1,063% |
| Cash at bank and in hand | 54/58 | €0 | €2,449 | +€2,449 | +499,739% |
| Deferred charges and accrued income | 490/1 | €0 | €363 | +€363 | |
| Total equity and liabilities | 10/49 | €57,996 | €74,975 | +€16,979 | +29.3% |
| Equity | 10/15 | €1,554 | €8,486 | +€6,932 | +446% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175 | €175 | = | 0.0% |
| Non-distributable reserves | 130/1 | €175 | €175 | = | 0.0% |
| Reserves not available under the articles | 1311 | €175 | €175 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,221 | -€10,289 | +€6,932 | +40.3% |
| Amounts payable | 17/49 | €56,442 | €66,489 | +€10,047 | +17.8% |
| Amounts payable within one year | 42/48 | €56,442 | €66,489 | +€10,047 | +17.8% |
| Financial debts | 43 | €244 | €2,497 | +€2,253 | +925% |
| Credit institutions | 430/8 | €244 | €2,497 | +€2,253 | +925% |
| Trade debts | 44 | €21,557 | €25,904 | +€4,347 | +20.2% |
| Suppliers | 440/4 | €21,557 | €25,904 | +€4,347 | +20.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €174 | €956 | +€781 | +448% |
| Taxes | 450/3 | €174 | €956 | +€781 | +448% |
| Other amounts payable | 47/48 | €34,467 | €37,133 | +€2,666 | +7.7% |
| Remuneration, social security and pensions | 62 | €0 | €90 | +€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,158 | €872 | -€4,287 | -83.1% |
| Other operating charges | 640/8 | €439 | €949 | +€510 | +116% |
| Non-recurring operating charges | 66A | €386 | €6,699 | +€6,314 | +1,637% |
| Gross operating margin | 9900 | -€16,864 | €16,189 | +€33,052 | |
| Operating profit (loss) | 9901 | -€22,847 | €7,578 | +€30,425 | |
| Financial income | 75/76B | €3 | €390 | +€386 | +12,149% |
| Recurring financial income | 75 | €3 | €390 | +€386 | +12,149% |
| Financial charges | 65/66B | €931 | €859 | -€72 | -7.7% |
| Recurring financial charges | 65 | €931 | €859 | -€72 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,775 | €7,108 | +€30,883 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€23,949 | €6,932 | +€30,882 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,949 | €6,932 | +€30,882 |
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 27 October 2026 via checked.be.