NOBI: 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.
What changed
NOBI
NACE 26.110, Manufacture of computer, electronic and optical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€11.9m
2024 · -€11.2m-€673,754
Equity
€10.9m
2024 · -€13.5m+€24.4m
Cash
€1.2m
2024 · €869,239+€377,347
Balance sheet total
€15.0m
2024 · €10.4m+€4.6m
Largest movements
Assets
- Stocks and contracts +€3.8m
up €3.8m (+116.8%), from €3.3m to €7.1m
- Intangible fixed assets +€1.2m
up €1.2m (+50.7%), from €2.4m to €3.6m
- Receivables within one year -€894,556
down €894,556 (-63.7%), from €1.4m to €510,789
of which Trade receivables: -€665,429
- Cash +€377,347
up €377,347 (+43.4%), from €869,239 to €1.2m
mainly Contributions, distributions and other (+€36.3m) and Depreciation (+€1.3m)
Equity and liabilities
- Contributions +€19.8m
up €19.8m (+138.8%), from €14.2m to €34.0m
- Short-term financial debts -€16.5m
down €16.5m (-100.0%), from €16.5m to €0
of which Other loans: -€15.0m
- Profit (loss) carried forward +€4.6m
up €4.6m (+16.7%), from -€27.7m to -€23.1m
- Trade debts -€1.6m
down €1.6m (-33.0%), from €4.9m to €3.3m
- Accrued charges and deferred income -€1.4m
down €1.4m (-79.3%), from €1.8m to €375,894
Income statement
- Gross operating margin -€2.8m
down €2.8m (-86.9%), from -€3.3m to -€6.1m
- Financial charges -€461,435
down €461,435 (-33.8%), from €1.4m to €903,962
- Financial income +€457,304
up €457,304 (+180.2%), from €253,714 to €711,018
- Other operating charges +€331,323
up €331,323 (+15.3%), from €2.2m to €2.5m
- Depreciation +€323,310
up €323,310 (+34.2%), from €944,920 to €1.3m
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.
Result 2024
-€11.2m
Gross operating margin
-€2.8m
Staff costs
-€311,973
Depreciation
-€323,310
Write-downs
+€311,866
Provisions
+€218,341
Other operating charges
-€331,323
Other operating items
+€1.7m
Financial income
+€457,304
Financial charges
+€461,435
Taxes
+€334
Result 2025
-€11.9m
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.
From operations
-€16.8m
Investment
-€2.5m
Financing
+€19.6m
Cash 2024
€869,239
From operations (derived)
-€16.8m
Net result for the year
-€11.9m
Depreciation
+€1.3m
Stocks and contracts
-€3.8m
Receivables within one year
+€894,556
Smaller working-capital items
-€138,317
Trade debts
-€1.6m
Accrued charges and deferred income
-€1.4m
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€19.6m
Debts after one year
+€109,598
Current portion of long-term debt
-€244,722
Short-term financial debts
-€16.5m
Contributions, distributions and other
+€36.3m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,390,169 | €15,008,387 | +€4.6m | +44.4% |
| Fixed assets | 21/28 | €4,626,301 | €5,869,028 | +€1.2m | +26.9% |
| Intangible fixed assets | 21 | €2,413,361 | €3,636,884 | +€1.2m | +50.7% |
| Tangible fixed assets | 22/27 | €910,904 | €906,251 | -€4,653 | -0.5% |
| Plant, machinery and equipment | 23 | €775,224 | €621,337 | -€153,887 | -19.9% |
| Furniture and vehicles | 24 | €37,221 | €22,031 | -€15,190 | -40.8% |
| Leasing and similar rights | 25 | €10,988 | €163,550 | +€152,561 | +1388.4% |
| Other tangible fixed assets | 26 | €87,471 | €99,333 | +€11,863 | +13.6% |
| Financial fixed assets | 28 | €1,302,036 | €1,325,893 | +€23,857 | +1.8% |
| Current assets | 29/58 | €5,763,868 | €9,139,360 | +€3.4m | +58.6% |
| Stocks and contracts in progress | 3 | €3,289,695 | €7,132,835 | +€3.8m | +116.8% |
| Stocks | 30/36 | €3,289,695 | €7,132,835 | +€3.8m | +116.8% |
| Amounts receivable within one year | 40/41 | €1,405,345 | €510,789 | -€894,556 | -63.7% |
| Trade receivables | 40 | €972,847 | €307,418 | -€665,429 | -68.4% |
| Other amounts receivable | 41 | €432,498 | €203,371 | -€229,127 | -53.0% |
| Cash at bank and in hand | 54/58 | €869,239 | €1,246,586 | +€377,347 | +43.4% |
| Deferred charges and accrued income | 490/1 | €199,590 | €249,150 | +€49,561 | +24.8% |
| Total equity and liabilities | 10/49 | €10,390,169 | €15,008,387 | +€4.6m | +44.4% |
| Equity | 10/15 | -€13,497,394 | €10,892,208 | +€24.4m | |
| Contributions | 10/11 | €14,238,758 | €34,002,875 | +€19.8m | +138.8% |
| Capital | 10 | €14,238,758 | €34,002,875 | +€19.8m | +138.8% |
| Issued capital | 100 | €14,238,758 | €34,002,875 | +€19.8m | +138.8% |
| Profit (loss) carried forward | 14 | -€27,736,151 | -€23,110,668 | +€4.6m | +16.7% |
| Provisions and deferred taxes | 16 | €143,573 | €95,389 | -€48,183 | -33.6% |
| Provisions for liabilities and charges | 160/5 | €143,573 | €95,389 | -€48,183 | -33.6% |
| Other liabilities and charges | 164/5 | €143,573 | €95,389 | -€48,183 | -33.6% |
| Amounts payable | 17/49 | €23,743,990 | €4,020,791 | -€19.7m | -83.1% |
| Amounts payable after more than one year | 17 | €3,388 | €112,985 | +€109,598 | +3235.2% |
| Financial debts | 170/4 | €3,388 | €112,985 | +€109,598 | +3235.2% |
| Amounts payable within one year | 42/48 | €21,925,858 | €3,531,912 | -€18.4m | -83.9% |
| Current portion of amounts payable after more than one year | 42 | €308,166 | €63,444 | -€244,722 | -79.4% |
| Financial debts | 43 | €16,500,000 | €0 | -€16.5m | -100.0% |
| Credit institutions | 430/8 | €1,500,000 | €0 | -€1.5m | -100.0% |
| Other loans | 439 | €15,000,000 | €0 | -€15.0m | -100.0% |
| Trade debts | 44 | €4,876,300 | €3,267,648 | -€1.6m | -33.0% |
| Suppliers | 440/4 | €4,876,300 | €3,267,648 | -€1.6m | -33.0% |
| Advances received on contracts in progress | 46 | €84,290 | €31,315 | -€52,974 | -62.8% |
| Taxes, remuneration and social security | 45 | €156,696 | €169,098 | +€12,401 | +7.9% |
| Taxes | 450/3 | €14,401 | €2,321 | -€12,080 | -83.9% |
| Remuneration and social security | 454/9 | €142,295 | €166,776 | +€24,481 | +17.2% |
| Other amounts payable | 47/48 | €406 | €406 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,814,745 | €375,894 | -€1.4m | -79.3% |
| Non-recurring operating income | 76A | €17,801 | €1,874 | -€15,927 | -89.5% |
| Remuneration, social security and pensions | 62 | €1,477,624 | €1,789,597 | +€311,973 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €944,920 | €1,268,230 | +€323,310 | +34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €356,221 | €44,356 | -€311,866 | -87.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €170,157 | -€48,183 | -€218,341 | |
| Other operating charges | 640/8 | €2,159,382 | €2,490,705 | +€331,323 | +15.3% |
| Non-recurring operating charges | 66A | €1,741,055 | €68,588 | -€1.7m | -96.1% |
| Gross operating margin | 9900 | -€3,255,788 | -€6,084,682 | -€2.8m | -86.9% |
| Operating profit (loss) | 9901 | -€10,105,147 | -€11,697,974 | -€1.6m | -15.8% |
| Financial income | 75/76B | €253,714 | €711,018 | +€457,304 | +180.2% |
| Recurring financial income | 75 | €253,714 | €711,018 | +€457,304 | +180.2% |
| Financial charges | 65/66B | €1,365,397 | €903,962 | -€461,435 | -33.8% |
| Recurring financial charges | 65 | €1,365,397 | €903,962 | -€461,435 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,216,830 | -€11,890,919 | -€674,089 | -6.0% |
| Income taxes | 67/77 | €1,626 | €1,292 | -€334 | -20.5% |
| Profit (loss) for the period | 9904 | -€11,218,457 | -€11,892,211 | -€673,754 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,218,457 | -€11,892,211 | -€673,754 | -6.0% |
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.