NOBEDO: 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.
NOBEDO
Largest movements
- Receivables after one year +€11,400
up €11,400 (+21.1%), from €54,000 to €65,400
- Cash -€8,797
down €8,797 (-10.3%), from €85,274 to €76,476
mainly Tax, wage and social debts (-€14,774) and Receivables after one year (-€11,400)
- Receivables within one year +€7,363
up €7,363 (+164.2%), from €4,483 to €11,847
of which Other amounts receivable: +€6,463
- Reserves +€18,942
up €18,942 (+24.0%), from €78,897 to €97,838
- Tax, wage and social debts -€14,774
down €14,774 (-23.8%), from €62,028 to €47,254
of which Taxes: -€18,152
- Trade debts +€2,357
up €2,357 (+45.1%), from €5,226 to €7,583
- Accrued charges and deferred income +€2,250
new in 2025: €2,250
- Gross operating margin -€50,763
down €50,763 (-57.4%), from €88,441 to €37,677
- Taxes -€14,484
down €14,484 (-48.5%), from €29,844 to €15,360
- Other operating charges +€994
up €994 (+63.1%), from €1,576 to €2,569
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 | €148,984 | €157,758 | +€8,775 | +5.9% |
| Formation expenses | 20 | €202 | €0 | -€202 | -100.0% |
| Fixed assets | 21/28 | €4,232 | €2,891 | -€1,341 | -31.7% |
| Tangible fixed assets | 22/27 | €4,232 | €2,891 | -€1,341 | -31.7% |
| Plant, machinery and equipment | 23 | €2,091 | €1,465 | -€626 | -29.9% |
| Furniture and vehicles | 24 | €2,142 | €1,426 | -€715 | -33.4% |
| Current assets | 29/58 | €144,550 | €154,867 | +€10,317 | +7.1% |
| Amounts receivable after more than one year | 29 | €54,000 | €65,400 | +€11,400 | +21.1% |
| Other amounts receivable | 291 | €54,000 | €65,400 | +€11,400 | +21.1% |
| Amounts receivable within one year | 40/41 | €4,483 | €11,847 | +€7,363 | +164.2% |
| Trade receivables | 40 | €4,410 | €5,310 | +€900 | +20.4% |
| Other amounts receivable | 41 | €73 | €6,536 | +€6,463 | +8823.5% |
| Cash at bank and in hand | 54/58 | €85,274 | €76,476 | -€8,797 | -10.3% |
| Deferred charges and accrued income | 490/1 | €793 | €1,144 | +€351 | +44.3% |
| Total equity and liabilities | 10/49 | €148,984 | €157,758 | +€8,775 | +5.9% |
| Equity | 10/15 | €80,897 | €99,838 | +€18,942 | +23.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €78,897 | €97,838 | +€18,942 | +24.0% |
| Distributable reserves | 133 | €78,897 | €97,838 | +€18,942 | +24.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,087 | €57,920 | -€10,167 | -14.9% |
| Amounts payable within one year | 42/48 | €68,087 | €55,670 | -€12,417 | -18.2% |
| Trade debts | 44 | €5,226 | €7,583 | +€2,357 | +45.1% |
| Suppliers | 440/4 | €5,226 | €7,583 | +€2,357 | +45.1% |
| Taxes, remuneration and social security | 45 | €62,028 | €47,254 | -€14,774 | -23.8% |
| Taxes | 450/3 | €62,028 | €43,876 | -€18,152 | -29.3% |
| Remuneration and social security | 454/9 | €0 | €3,378 | +€3,378 | |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,746 | €1,570 | -€176 | -10.1% |
| Other operating charges | 640/8 | €1,576 | €2,569 | +€994 | +63.1% |
| Gross operating margin | 9900 | €88,441 | €37,677 | -€50,763 | -57.4% |
| Operating profit (loss) | 9901 | €85,119 | €33,537 | -€51,581 | -60.6% |
| Financial income | 75/76B | €695 | €1,144 | +€449 | +64.5% |
| Recurring financial income | 75 | €695 | €1,144 | +€449 | +64.5% |
| Financial charges | 65/66B | €223 | €380 | +€157 | +70.3% |
| Recurring financial charges | 65 | €223 | €380 | +€157 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €85,591 | €34,302 | -€51,289 | -59.9% |
| Income taxes | 67/77 | €29,844 | €15,360 | -€14,484 | -48.5% |
| Profit (loss) for the period | 9904 | €55,747 | €18,942 | -€36,805 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,747 | €18,942 | -€36,805 | -66.0% |
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 12 October 2026 via checked.be.