NOBECO: 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.
NOBECO
Largest movements
- Current investments +€104,770
up €104,770 (+6.6%), from €1.6m to €1.7m
- Cash +€60,229
up €60,229 (+23.2%), from €259,710 to €319,939
mainly Net result for the year (+€142,694) and Depreciation (+€42,149)
- Tangible fixed assets -€42,149
down €42,149 (-4.9%), from €861,077 to €818,929
- Reserves +€142,694
up €142,694 (+94.0%), from €151,823 to €294,517
- Financial income +€103,715
up €103,715 (+488%), from €21,274 to €124,989
- Depreciation +€5,250
up €5,250 (+14.2%), from €36,899 to €42,149
- Gross operating margin +€3,902
up €3,902 (+4.2%), from €91,870 to €95,771
- Financial charges +€1,753
up €1,753 (+2,164%), from €81 to €1,834
- Other operating charges +€1,687
up €1,687 (+5.3%), from €31,677 to €33,364
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,922,457 | €3,062,666 | +€140,209 | +4.8% |
| Fixed assets | 21/28 | €861,077 | €818,929 | -€42,149 | -4.9% |
| Tangible fixed assets | 22/27 | €861,077 | €818,929 | -€42,149 | -4.9% |
| Land and buildings | 22 | €861,077 | €818,929 | -€42,149 | -4.9% |
| Current assets | 29/58 | €2,061,379 | €2,243,737 | +€182,358 | +8.8% |
| Amounts receivable within one year | 40/41 | €188,596 | €205,872 | +€17,276 | +9.2% |
| Trade receivables | 40 | €16,044 | €22,450 | +€6,405 | +39.9% |
| Other amounts receivable | 41 | €172,552 | €183,423 | +€10,870 | +6.3% |
| Current investments | 50/53 | €1,589,679 | €1,694,449 | +€104,770 | +6.6% |
| Cash at bank and in hand | 54/58 | €259,710 | €319,939 | +€60,229 | +23.2% |
| Deferred charges and accrued income | 490/1 | €23,393 | €23,477 | +€84 | +0.4% |
| Total equity and liabilities | 10/49 | €2,922,457 | €3,062,666 | +€140,209 | +4.8% |
| Equity | 10/15 | €2,913,823 | €3,056,517 | +€142,694 | +4.9% |
| Contributions | 10/11 | €2,762,000 | €2,762,000 | = | 0.0% |
| Reserves | 13 | €151,823 | €294,517 | +€142,694 | +94.0% |
| Distributable reserves | 133 | €151,823 | €294,517 | +€142,694 | +94.0% |
| Amounts payable | 17/49 | €8,634 | €6,148 | -€2,485 | -28.8% |
| Amounts payable within one year | 42/48 | €8,634 | €6,148 | -€2,485 | -28.8% |
| Trade debts | 44 | €7,437 | €3,905 | -€3,533 | -47.5% |
| Suppliers | 440/4 | €7,437 | €3,905 | -€3,533 | -47.5% |
| Taxes, remuneration and social security | 45 | €1,197 | €2,244 | +€1,047 | +87.5% |
| Taxes | 450/3 | €1,197 | €2,244 | +€1,047 | +87.5% |
| Non-recurring operating income | 76A | €3,922 | - | -€3,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,899 | €42,149 | +€5,250 | +14.2% |
| Other operating charges | 640/8 | €31,677 | €33,364 | +€1,687 | +5.3% |
| Non-recurring operating charges | 66A | €125 | €474 | +€349 | +279% |
| Gross operating margin | 9900 | €91,870 | €95,771 | +€3,902 | +4.2% |
| Operating profit (loss) | 9901 | €23,169 | €19,784 | -€3,384 | -14.6% |
| Financial income | 75/76B | €21,274 | €124,989 | +€103,715 | +488% |
| Recurring financial income | 75 | €21,274 | €124,989 | +€103,715 | +488% |
| Financial charges | 65/66B | €81 | €1,834 | +€1,753 | +2,164% |
| Recurring financial charges | 65 | €81 | €1,834 | +€1,753 | +2,164% |
| Profit (loss) for the period before taxes | 9903 | €44,362 | €142,940 | +€98,578 | +222% |
| Income taxes | 67/77 | €827 | €245 | -€582 | -70.3% |
| Profit (loss) for the period | 9904 | €43,535 | €142,694 | +€99,160 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €43,535 | €142,694 | +€99,160 | +228% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.