NOBILEM: what changed
NOBILEM
Largest movements
- Stocks and contracts -€2,341
down €2,341 (-17.3%), from €13,500 to €11,159
- Receivables within one year +€1,030
up €1,030 (+267%), from €386 to €1,416
of which Trade receivables: +€1,030
- Cash -€641
down €641 (-10.9%), from €5,858 to €5,217
mainly Debts after one year (-€2,625) and Receivables within one year (-€1,030)
- Intangible fixed assets +€599
new in 2025: €599
- Tangible fixed assets -€470
down €470 (-71.8%), from €655 to €185
- Debts after one year -€2,625
down €2,625 (-21.2%), from €12,354 to €9,729
- Trade debts +€588
up €588 (+39.0%), from €1,506 to €2,094
- Accrued charges and deferred income +€399
new in 2025: €399
- Profit (loss) carried forward +€349
up €349 (+1.5%), from -€23,128 to -€22,779
- Other debts -€224
down €224 (-51.9%), from €432 to €208
- Gross operating margin +€2,138
up €2,138 (+400%), from €535 to €2,673
- Financial income -€867
down €867 (-100%), from €867 to €0
of which Non-recurring financial income: -€867
- Other operating charges +€631
up €631 (+68.7%), from €918 to €1,549
- Depreciation +€96
up €96 (+20.4%), from €470 to €566
- Financial charges -€44
down €44 (-17.5%), from €252 to €208
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,821 | €19,308 | -€1,513 | -7.3% |
| Fixed assets | 21/28 | €655 | €784 | +€129 | +19.7% |
| Intangible fixed assets | 21 | - | €599 | +€599 | |
| Tangible fixed assets | 22/27 | €655 | €185 | -€470 | -71.8% |
| Plant, machinery and equipment | 23 | €655 | €185 | -€470 | -71.8% |
| Current assets | 29/58 | €20,166 | €18,524 | -€1,642 | -8.1% |
| Stocks and contracts in progress | 3 | €13,500 | €11,159 | -€2,341 | -17.3% |
| Stocks | 30/36 | €13,500 | €11,159 | -€2,341 | -17.3% |
| Amounts receivable within one year | 40/41 | €386 | €1,416 | +€1,030 | +267% |
| Trade receivables | 40 | €386 | €1,416 | +€1,030 | +267% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,858 | €5,217 | -€641 | -10.9% |
| Deferred charges and accrued income | 490/1 | €422 | €732 | +€310 | +73.5% |
| Total equity and liabilities | 10/49 | €20,821 | €19,308 | -€1,513 | -7.3% |
| Equity | 10/15 | €2,404 | €2,753 | +€349 | +14.5% |
| Contributions | 10/11 | €25,532 | €25,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,128 | -€22,779 | +€349 | +1.5% |
| Amounts payable | 17/49 | €18,417 | €16,555 | -€1,862 | -10.1% |
| Amounts payable after more than one year | 17 | €12,354 | €9,729 | -€2,625 | -21.2% |
| Financial debts | 170/4 | €12,354 | €9,729 | -€2,625 | -21.2% |
| Amounts payable within one year | 42/48 | €6,063 | €6,427 | +€364 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €4,125 | €4,125 | = | 0.0% |
| Trade debts | 44 | €1,506 | €2,094 | +€588 | +39.0% |
| Suppliers | 440/4 | €1,506 | €2,094 | +€588 | +39.0% |
| Other amounts payable | 47/48 | €432 | €208 | -€224 | -51.9% |
| Accrued charges and deferred income | 492/3 | - | €399 | +€399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €566 | +€96 | +20.4% |
| Other operating charges | 640/8 | €918 | €1,549 | +€631 | +68.7% |
| Non-recurring operating charges | 66A | €880 | €0 | -€880 | -100% |
| Gross operating margin | 9900 | €535 | €2,673 | +€2,138 | +400% |
| Operating profit (loss) | 9901 | -€1,733 | €558 | +€2,291 | |
| Financial income | 75/76B | €867 | €0 | -€867 | -100% |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €867 | - | -€867 | |
| Financial charges | 65/66B | €252 | €208 | -€44 | -17.5% |
| Recurring financial charges | 65 | €252 | €208 | -€44 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,118 | €350 | +€1,468 | |
| Profit (loss) for the period | 9904 | -€1,118 | €350 | +€1,468 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,118 | €350 | +€1,468 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.