Nobel Security: what changed
What changed
Nobel Security
NACE 77.229, Renting and leasing of other personal and household goods
filed annual accounts (NBB)
Net result for the year
€35,519
2024 · €29,105+€6,414
Equity
€119,218
2024 · €111,721+€7,497
Cash
€223,823
2024 · €400,028-€176,205
Balance sheet total
€370,674
2024 · €571,959-€201,285
Largest movements
Assets
- Cash -€176,205
down €176,205 (-44.0%), from €400,028 to €223,823
mainly Other debts (-€250,000) and Contributions, distributions and other (-€28,022)
- Receivables within one year -€42,047
down €42,047 (-34.1%), from €123,425 to €81,378
of which Trade receivables: -€40,463
- Tangible fixed assets +€19,156
new in 2025: €19,156
Equity and liabilities
- Other debts -€250,000
down €250,000 (-99.7%), from €250,796 to €796
- Trade debts +€28,207
up €28,207 (+34.0%), from €83,073 to €111,280
- Tax, wage and social debts +€9,289
up €9,289 (+20.3%), from €45,864 to €55,153
of which Remuneration and social security: +€13,110
- Reserves +€7,497
up €7,497 (+8.1%), from €93,121 to €100,618
of which Distributable reserves: +€7,497
Income statement
- Staff costs -€45,186
down €45,186 (-14.9%), from €303,377 to €258,191
- Gross operating margin -€38,406
down €38,406 (-10.8%), from €356,261 to €317,855
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€29,105
Gross operating margin
-€38,406
Staff costs
+€45,186
Depreciation
+€66
Other operating charges
+€1,057
Financial income
-€548
Financial charges
+€205
Taxes
-€1,146
Result 2025
€35,519
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€128,546
Investment
-€22,980
Financing
-€24,679
Cash 2024
€400,028
From operations (derived)
-€128,546
Net result for the year
+€35,519
Depreciation
+€3,864
Smaller working-capital items
+€824
Receivables within one year
+€42,047
Deferred charges and accrued income
+€1,704
Trade debts
+€28,207
Tax, wage and social debts
+€9,289
Other debts
-€250,000
Investment (derived)
-€22,980
Investment in fixed assets (net)
-€22,980
Financing
-€24,679
Short-term financial debts
+€3,343
Contributions, distributions and other
-€28,022
Cash 2025
€223,823
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €571,959 | €370,674 | -€201,285 | -35.2% |
| Fixed assets | 21/28 | €40 | €19,156 | +€19,116 | +47,790% |
| Tangible fixed assets | 22/27 | - | €19,156 | +€19,156 | |
| Furniture and vehicles | 24 | - | €19,156 | +€19,156 | |
| Financial fixed assets | 28 | €40 | - | -€40 | |
| Current assets | 29/58 | €571,919 | €351,518 | -€220,401 | -38.5% |
| Stocks and contracts in progress | 3 | €41,341 | €40,896 | -€445 | -1.1% |
| Stocks | 30/36 | €41,341 | €40,896 | -€445 | -1.1% |
| Amounts receivable within one year | 40/41 | €123,425 | €81,378 | -€42,047 | -34.1% |
| Trade receivables | 40 | €106,081 | €65,618 | -€40,463 | -38.1% |
| Other amounts receivable | 41 | €17,344 | €15,760 | -€1,584 | -9.1% |
| Cash at bank and in hand | 54/58 | €400,028 | €223,823 | -€176,205 | -44.0% |
| Deferred charges and accrued income | 490/1 | €7,125 | €5,421 | -€1,704 | -23.9% |
| Total equity and liabilities | 10/49 | €571,959 | €370,674 | -€201,285 | -35.2% |
| Equity | 10/15 | €111,721 | €119,218 | +€7,497 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,121 | €100,618 | +€7,497 | +8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,335 | €44,335 | = | 0.0% |
| Distributable reserves | 133 | €46,926 | €54,423 | +€7,497 | +16.0% |
| Amounts payable | 17/49 | €460,238 | €251,456 | -€208,782 | -45.4% |
| Amounts payable within one year | 42/48 | €409,657 | €201,082 | -€208,575 | -50.9% |
| Financial debts | 43 | - | €3,343 | +€3,343 | |
| Credit institutions | 430/8 | - | €3,343 | +€3,343 | |
| Trade debts | 44 | €83,073 | €111,280 | +€28,207 | +34.0% |
| Suppliers | 440/4 | €83,073 | €111,280 | +€28,207 | +34.0% |
| Advances received on contracts in progress | 46 | €29,924 | €30,510 | +€586 | +2.0% |
| Taxes, remuneration and social security | 45 | €45,864 | €55,153 | +€9,289 | +20.3% |
| Taxes | 450/3 | €9,842 | €6,021 | -€3,821 | -38.8% |
| Remuneration and social security | 454/9 | €36,022 | €49,132 | +€13,110 | +36.4% |
| Other amounts payable | 47/48 | €250,796 | €796 | -€250,000 | -99.7% |
| Accrued charges and deferred income | 492/3 | €50,581 | €50,374 | -€207 | -0.4% |
| Remuneration, social security and pensions | 62 | €303,377 | €258,191 | -€45,186 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,930 | €3,864 | -€66 | -1.7% |
| Other operating charges | 640/8 | €3,910 | €2,853 | -€1,057 | -27.0% |
| Gross operating margin | 9900 | €356,261 | €317,855 | -€38,406 | -10.8% |
| Operating profit (loss) | 9901 | €45,044 | €52,947 | +€7,903 | +17.5% |
| Financial income | 75/76B | €1,750 | €1,202 | -€548 | -31.3% |
| Recurring financial income | 75 | €1,750 | €1,202 | -€548 | -31.3% |
| Financial charges | 65/66B | €2,529 | €2,324 | -€205 | -8.1% |
| Recurring financial charges | 65 | €2,529 | €2,324 | -€205 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €44,265 | €51,825 | +€7,560 | +17.1% |
| Income taxes | 67/77 | €15,160 | €16,306 | +€1,146 | +7.6% |
| Profit (loss) for the period | 9904 | €29,105 | €35,519 | +€6,414 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,105 | €35,519 | +€6,414 | +22.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.