NOBILI: 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.
NOBILI
Largest movements
- Stocks and contracts -€139,331
no longer reported in 2025 (was €139,331)
- Cash +€51,021
up €51,021 (+22.6%), from €226,100 to €277,121
mainly Other debts (+€297,586) and Stocks and contracts (+€139,331)
- Tangible fixed assets -€25,821
down €25,821 (-7.5%), from €343,798 to €317,978
of which Furniture and vehicles: -€14,501
- Profit (loss) carried forward -€387,454
no longer reported in 2025 (was €387,454)
- Other debts +€297,586
up €297,586 (+11,243%), from €2,647 to €300,233
- Tax, wage and social debts +€46,517
up €46,517 (+144%), from €32,299 to €78,816
of which Taxes: +€52,860
- Debts after one year -€20,507
down €20,507 (-56.7%), from €36,164 to €15,657
- Reserves -€20,456
down €20,456 (-9.4%), from €216,875 to €196,420
of which Distributable reserves: -€20,456
- Staff costs -€78,039
down €78,039 (-35.9%), from €217,535 to €139,496
- Gross operating margin -€73,193
down €73,193 (-30.2%), from €242,693 to €169,500
- Financial income -€5,546
down €5,546 (-22.4%), from €24,758 to €19,212
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €744,163 | €636,828 | -€107,335 | -14.4% |
| Fixed assets | 21/28 | €343,798 | €317,978 | -€25,821 | -7.5% |
| Tangible fixed assets | 22/27 | €343,798 | €317,978 | -€25,821 | -7.5% |
| Land and buildings | 22 | €272,540 | €264,447 | -€8,093 | -3.0% |
| Plant, machinery and equipment | 23 | €3,778 | €3,029 | -€749 | -19.8% |
| Furniture and vehicles | 24 | €59,463 | €44,962 | -€14,501 | -24.4% |
| Other tangible fixed assets | 26 | €8,017 | €5,540 | -€2,477 | -30.9% |
| Current assets | 29/58 | €400,365 | €318,850 | -€81,515 | -20.4% |
| Stocks and contracts in progress | 3 | €139,331 | - | -€139,331 | |
| Stocks | 30/36 | €139,331 | - | -€139,331 | |
| Amounts receivable within one year | 40/41 | €32,603 | €39,835 | +€7,232 | +22.2% |
| Trade receivables | 40 | €318 | €3,346 | +€3,028 | +951% |
| Other amounts receivable | 41 | €32,285 | €36,489 | +€4,204 | +13.0% |
| Cash at bank and in hand | 54/58 | €226,100 | €277,121 | +€51,021 | +22.6% |
| Deferred charges and accrued income | 490/1 | €2,331 | €1,894 | -€436 | -18.7% |
| Total equity and liabilities | 10/49 | €744,163 | €636,828 | -€107,335 | -14.4% |
| Equity | 10/15 | €623,079 | €215,170 | -€407,910 | -65.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €216,875 | €196,420 | -€20,456 | -9.4% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €215,000 | €194,545 | -€20,456 | -9.5% |
| Profit (loss) carried forward | 14 | €387,454 | - | -€387,454 | |
| Amounts payable | 17/49 | €121,084 | €421,658 | +€300,574 | +248% |
| Amounts payable after more than one year | 17 | €36,164 | €15,657 | -€20,507 | -56.7% |
| Financial debts | 170/4 | €36,164 | €15,657 | -€20,507 | -56.7% |
| Amounts payable within one year | 42/48 | €84,920 | €405,702 | +€320,781 | +378% |
| Current portion of amounts payable after more than one year | 42 | €28,714 | €20,507 | -€8,207 | -28.6% |
| Trade debts | 44 | €21,260 | €6,146 | -€15,115 | -71.1% |
| Suppliers | 440/4 | €21,260 | €6,146 | -€15,115 | -71.1% |
| Taxes, remuneration and social security | 45 | €32,299 | €78,816 | +€46,517 | +144% |
| Taxes | 450/3 | €15,078 | €67,938 | +€52,860 | +351% |
| Remuneration and social security | 454/9 | €17,221 | €10,878 | -€6,343 | -36.8% |
| Other amounts payable | 47/48 | €2,647 | €300,233 | +€297,586 | +11,243% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €217,535 | €139,496 | -€78,039 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,046 | €28,956 | +€910 | +3.2% |
| Other operating charges | 640/8 | €3,735 | €5,142 | +€1,407 | +37.7% |
| Gross operating margin | 9900 | €242,693 | €169,500 | -€73,193 | -30.2% |
| Operating profit (loss) | 9901 | -€6,623 | -€4,095 | +€2,528 | +38.2% |
| Financial income | 75/76B | €24,758 | €19,212 | -€5,546 | -22.4% |
| Recurring financial income | 75 | €24,758 | €19,212 | -€5,546 | -22.4% |
| Financial charges | 65/66B | €7,822 | €6,280 | -€1,543 | -19.7% |
| Recurring financial charges | 65 | €7,822 | €6,280 | -€1,543 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €10,312 | €8,837 | -€1,475 | -14.3% |
| Income taxes | 67/77 | €4,013 | €3,603 | -€409 | -10.2% |
| Profit (loss) for the period | 9904 | €6,299 | €5,233 | -€1,066 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,299 | €5,233 | -€1,066 | -16.9% |
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 16 October 2026 via checked.be.