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.
NOBEL
Largest movements
- Tangible fixed assets -€6,559
down €6,559 (-3.3%), from €199,357 to €192,798
- Deferred charges and accrued income -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Other debts -€9,000
down €9,000 (-5.2%), from €173,832 to €164,832
- Gross operating margin -€273
down €273 (-3.3%), from €8,234 to €7,961
- Other operating charges +€84
up €84 (+3.6%), from €2,329 to €2,413
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,373 | €192,814 | -€9,559 | -4.7% |
| Fixed assets | 21/28 | €199,357 | €192,798 | -€6,559 | -3.3% |
| Tangible fixed assets | 22/27 | €199,357 | €192,798 | -€6,559 | -3.3% |
| Land and buildings | 22 | €199,357 | €192,798 | -€6,559 | -3.3% |
| Current assets | 29/58 | €3,016 | €16 | -€3,000 | -99.5% |
| Cash at bank and in hand | 54/58 | €16 | €16 | -€0 | -1.0% |
| Deferred charges and accrued income | 490/1 | €3,000 | €0 | -€3,000 | -100.0% |
| Total equity and liabilities | 10/49 | €202,373 | €192,814 | -€9,559 | -4.7% |
| Equity | 10/15 | €28,080 | €27,076 | -€1,004 | -3.6% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,920 | -€35,924 | -€1,004 | -2.9% |
| Amounts payable | 17/49 | €174,292 | €165,738 | -€8,555 | -4.9% |
| Amounts payable within one year | 42/48 | €174,292 | €165,338 | -€8,954 | -5.1% |
| Taxes, remuneration and social security | 45 | €460 | €506 | +€46 | +9.9% |
| Taxes | 450/3 | €460 | €506 | +€46 | +9.9% |
| Other amounts payable | 47/48 | €173,832 | €164,832 | -€9,000 | -5.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,559 | €6,559 | = | 0.0% |
| Other operating charges | 640/8 | €2,329 | €2,413 | +€84 | +3.6% |
| Gross operating margin | 9900 | €8,234 | €7,961 | -€273 | -3.3% |
| Operating profit (loss) | 9901 | -€654 | -€1,011 | -€357 | -54.7% |
| Financial charges | 65/66B | €29 | -€7 | -€35 | |
| Recurring financial charges | 65 | €29 | -€7 | -€35 | |
| Profit (loss) for the period before taxes | 9903 | -€682 | -€1,004 | -€322 | -47.2% |
| Profit (loss) for the period | 9904 | -€682 | -€1,004 | -€322 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€682 | -€1,004 | -€322 | -47.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.