NOBE: 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.
NOBE
Largest movements
- Receivables within one year +€33,244
up €33,244 (+42.1%), from €78,915 to €112,158
of which Trade receivables: +€21,937
- Tangible fixed assets -€18,315
down €18,315 (-2.4%), from €764,205 to €745,890
of which Land and buildings: -€21,592
- Cash -€17,817
down €17,817 (-62.9%), from €28,325 to €10,508
mainly Trade debts (-€97,393) and Debts after one year (-€34,623)
- Trade debts -€97,393
down €97,393 (-46.4%), from €210,077 to €112,685
- Reserves +€81,740
up €81,740 (+120.3%), from €67,962 to €149,702
- Tax, wage and social debts +€46,557
up €46,557 (+351.3%), from €13,254 to €59,812
of which Taxes: +€43,853
- Debts after one year -€34,623
down €34,623 (-6.4%), from €538,458 to €503,834
- Gross operating margin +€84,906
up €84,906 (+70.6%), from €120,299 to €205,205
- Taxes +€21,215
up €21,215 (+223.3%), from €9,500 to €30,715
- Staff costs +€16,573
up €16,573 (+53.6%), from €30,922 to €47,494
- Financial charges -€13,106
down €13,106 (-45.9%), from €28,554 to €15,448
- Other operating charges -€6,777
down €6,777 (-53.3%), from €12,721 to €5,943
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 | €873,544 | €870,657 | -€2,888 | -0.3% |
| Fixed assets | 21/28 | €766,305 | €747,990 | -€18,315 | -2.4% |
| Tangible fixed assets | 22/27 | €764,205 | €745,890 | -€18,315 | -2.4% |
| Land and buildings | 22 | €753,354 | €731,762 | -€21,592 | -2.9% |
| Plant, machinery and equipment | 23 | €5,357 | €5,982 | +€626 | +11.7% |
| Furniture and vehicles | 24 | €5,495 | €8,146 | +€2,652 | +48.3% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €107,239 | €122,666 | +€15,427 | +14.4% |
| Amounts receivable within one year | 40/41 | €78,915 | €112,158 | +€33,244 | +42.1% |
| Trade receivables | 40 | €27,165 | €49,102 | +€21,937 | +80.8% |
| Other amounts receivable | 41 | €51,749 | €63,056 | +€11,307 | +21.8% |
| Cash at bank and in hand | 54/58 | €28,325 | €10,508 | -€17,817 | -62.9% |
| Total equity and liabilities | 10/49 | €873,544 | €870,657 | -€2,888 | -0.3% |
| Equity | 10/15 | €77,962 | €159,702 | +€81,740 | +104.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €67,962 | €149,702 | +€81,740 | +120.3% |
| Distributable reserves | 133 | €67,962 | €149,702 | +€81,740 | +120.3% |
| Amounts payable | 17/49 | €795,582 | €710,954 | -€84,628 | -10.6% |
| Amounts payable after more than one year | 17 | €538,458 | €503,834 | -€34,623 | -6.4% |
| Financial debts | 170/4 | €538,458 | €503,834 | -€34,623 | -6.4% |
| Amounts payable within one year | 42/48 | €257,125 | €207,120 | -€50,005 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €33,793 | €34,624 | +€831 | +2.5% |
| Trade debts | 44 | €210,077 | €112,685 | -€97,393 | -46.4% |
| Suppliers | 440/4 | €210,077 | €112,685 | -€97,393 | -46.4% |
| Taxes, remuneration and social security | 45 | €13,254 | €59,812 | +€46,557 | +351.3% |
| Taxes | 450/3 | €9,500 | €53,353 | +€43,853 | +461.6% |
| Remuneration and social security | 454/9 | €3,754 | €6,459 | +€2,705 | +72.0% |
| Remuneration, social security and pensions | 62 | €30,922 | €47,494 | +€16,573 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,534 | €27,221 | -€3,313 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €779 | - | -€779 | |
| Other operating charges | 640/8 | €12,721 | €5,943 | -€6,777 | -53.3% |
| Gross operating margin | 9900 | €120,299 | €205,205 | +€84,906 | +70.6% |
| Operating profit (loss) | 9901 | €45,344 | €124,546 | +€79,202 | +174.7% |
| Financial income | 75/76B | €2,158 | €3,357 | +€1,199 | +55.6% |
| Recurring financial income | 75 | €2,158 | €3,357 | +€1,199 | +55.6% |
| Financial charges | 65/66B | €28,554 | €15,448 | -€13,106 | -45.9% |
| Recurring financial charges | 65 | €28,554 | €15,448 | -€13,106 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €18,948 | €112,455 | +€93,508 | +493.5% |
| Income taxes | 67/77 | €9,500 | €30,715 | +€21,215 | +223.3% |
| Profit (loss) for the period | 9904 | €9,448 | €81,740 | +€72,293 | +765.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,448 | €81,740 | +€72,293 | +765.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.