Nobel PE: 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 PE
Largest movements
- Financial fixed assets -€476,765
down €476,765 (-18.0%), from €2.6m to €2.2m
- Debts after one year -€416,209
down €416,209 (-52.8%), from €787,844 to €371,635
of which Other amounts payable: -€416,209
- Profit (loss) carried forward +€194,405
up €194,405 (+15.1%), from €1.3m to €1.5m
- Current portion of long-term debt -€146,300
down €146,300 (-100.0%), from €146,300 to €0
- Other debts -€110,863
down €110,863 (-91.7%), from €120,943 to €10,080
- Financial income -€475,241
down €475,241 (-66.0%), from €719,904 to €244,663
- Financial charges -€18,958
down €18,958 (-45.3%), from €41,821 to €22,864
- Gross operating margin -€18,447
down €18,447 (-211.1%), from -€8,737 to -€27,184
- Other operating charges -€966
down €966 (-82.1%), from €1,176 to €210
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 | €2,664,314 | €2,167,126 | -€497,189 | -18.7% |
| Fixed assets | 21/28 | €2,643,742 | €2,166,977 | -€476,765 | -18.0% |
| Financial fixed assets | 28 | €2,643,742 | €2,166,977 | -€476,765 | -18.0% |
| Current assets | 29/58 | €20,573 | €149 | -€20,424 | -99.3% |
| Cash at bank and in hand | 54/58 | €20,573 | €149 | -€20,424 | -99.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,664,314 | €2,167,126 | -€497,189 | -18.7% |
| Equity | 10/15 | €1,591,006 | €1,785,411 | +€194,405 | +12.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,291,006 | €1,485,411 | +€194,405 | +15.1% |
| Amounts payable | 17/49 | €1,073,309 | €381,715 | -€691,594 | -64.4% |
| Amounts payable after more than one year | 17 | €787,844 | €371,635 | -€416,209 | -52.8% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €787,844 | €371,635 | -€416,209 | -52.8% |
| Amounts payable within one year | 42/48 | €267,243 | €10,080 | -€257,162 | -96.2% |
| Current portion of amounts payable after more than one year | 42 | €146,300 | €0 | -€146,300 | -100.0% |
| Other amounts payable | 47/48 | €120,943 | €10,080 | -€110,863 | -91.7% |
| Accrued charges and deferred income | 492/3 | €18,222 | €0 | -€18,222 | -100.0% |
| Other operating charges | 640/8 | €1,176 | €210 | -€966 | -82.1% |
| Gross operating margin | 9900 | -€8,737 | -€27,184 | -€18,447 | -211.1% |
| Operating profit (loss) | 9901 | -€9,912 | -€27,394 | -€17,482 | -176.4% |
| Financial income | 75/76B | €719,904 | €244,663 | -€475,241 | -66.0% |
| Recurring financial income | 75 | €719,904 | €244,663 | -€475,241 | -66.0% |
| Financial charges | 65/66B | €41,821 | €22,864 | -€18,958 | -45.3% |
| Recurring financial charges | 65 | €41,821 | €22,864 | -€18,958 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €668,170 | €194,405 | -€473,765 | -70.9% |
| Profit (loss) for the period | 9904 | €668,170 | €194,405 | -€473,765 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €668,170 | €194,405 | -€473,765 | -70.9% |
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 11 October 2026 via checked.be.