NOBELEC: 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.
NOBELEC
Largest movements
- Receivables within one year -€15,502
down €15,502 (-81.7%), from €18,965 to €3,463
of which Trade receivables: -€16,859
- Cash +€957
up €957 (+25.9%), from €3,687 to €4,644
mainly Receivables within one year (+€15,502) and Other debts (+€1,237)
- Stocks and contracts -€522
down €522 (-34.1%), from €1,530 to €1,008
- Tangible fixed assets -€310
down €310 (-42.3%), from €731 to €422
- Trade debts -€8,355
down €8,355 (-63.5%), from €13,150 to €4,796
- Profit (loss) carried forward -€8,107
down €8,107 (-179.1%), from -€4,526 to -€12,633
- Other debts +€1,237
up €1,237 (+10.1%), from €12,283 to €13,519
- Tax, wage and social debts -€259
down €259 (-23.3%), from €1,112 to €854
- Gross operating margin -€35,652
down €35,652, from €28,095 to -€7,556
- Staff costs -€28,248
down €28,248, from €28,218 to -€30
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.
Cash bridge derived
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 | €25,020 | €9,536 | -€15,484 | -61.9% |
| Fixed assets | 21/28 | €731 | €422 | -€310 | -42.3% |
| Tangible fixed assets | 22/27 | €731 | €422 | -€310 | -42.3% |
| Furniture and vehicles | 24 | €731 | €422 | -€310 | -42.3% |
| Current assets | 29/58 | €24,289 | €9,114 | -€15,175 | -62.5% |
| Stocks and contracts in progress | 3 | €1,530 | €1,008 | -€522 | -34.1% |
| Stocks | 30/36 | €1,530 | €1,008 | -€522 | -34.1% |
| Amounts receivable within one year | 40/41 | €18,965 | €3,463 | -€15,502 | -81.7% |
| Trade receivables | 40 | €18,965 | €2,106 | -€16,859 | -88.9% |
| Other amounts receivable | 41 | - | €1,357 | +€1,357 | |
| Cash at bank and in hand | 54/58 | €3,687 | €4,644 | +€957 | +25.9% |
| Deferred charges and accrued income | 490/1 | €106 | - | -€106 | |
| Total equity and liabilities | 10/49 | €25,020 | €9,536 | -€15,484 | -61.9% |
| Equity | 10/15 | -€1,526 | -€9,633 | -€8,107 | -531.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,526 | -€12,633 | -€8,107 | -179.1% |
| Amounts payable | 17/49 | €26,545 | €19,169 | -€7,377 | -27.8% |
| Amounts payable within one year | 42/48 | €26,545 | €19,169 | -€7,377 | -27.8% |
| Trade debts | 44 | €13,150 | €4,796 | -€8,355 | -63.5% |
| Suppliers | 440/4 | €13,150 | €4,796 | -€8,355 | -63.5% |
| Taxes, remuneration and social security | 45 | €1,112 | €854 | -€259 | -23.3% |
| Taxes | 450/3 | €1,112 | €854 | -€259 | -23.3% |
| Other amounts payable | 47/48 | €12,283 | €13,519 | +€1,237 | +10.1% |
| Remuneration, social security and pensions | 62 | €28,218 | -€30 | -€28,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198 | €310 | +€112 | +56.7% |
| Gross operating margin | 9900 | €28,095 | -€7,556 | -€35,652 | |
| Operating profit (loss) | 9901 | -€321 | -€7,836 | -€7,516 | -2344.2% |
| Financial charges | 65/66B | €143 | €271 | +€128 | +89.1% |
| Recurring financial charges | 65 | €143 | €271 | +€128 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | -€464 | -€8,107 | -€7,643 | -1647.7% |
| Profit (loss) for the period | 9904 | -€464 | -€8,107 | -€7,643 | -1647.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€464 | -€8,107 | -€7,643 | -1647.7% |
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 11 October 2026 via checked.be.