NOBILISCO: 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.
NOBILISCO
Largest movements
- Financial fixed assets +€158,700
new in 2025: €158,700
- Tangible fixed assets -€141,590
down €141,590 (-41.0%), from €345,432 to €203,841
of which Land and buildings: -€127,323
- Cash -€58,112
down €58,112 (-87.3%), from €66,541 to €8,429
mainly Debts after one year (-€99,859) and Investment in fixed assets (net) (-€36,207)
- Receivables within one year +€29,434
up €29,434 (+484%), from €6,084 to €35,518
of which Trade receivables: +€27,627
- Debts after one year -€99,859
down €99,859 (-61.6%), from €162,129 to €62,270
- Other debts +€61,881
up €61,881 (+576%), from €10,743 to €72,624
- Profit (loss) carried forward +€17,372
up €17,372 (+9.4%), from €185,583 to €202,955
- Advances received +€11,253
new in 2025: €11,253
- Trade debts +€9,679
up €9,679 (+155%), from €6,259 to €15,938
- Gross operating margin -€15,561
down €15,561 (-24.6%), from €63,384 to €47,823
- Taxes -€2,368
down €2,368 (-23.3%), from €10,178 to €7,810
- Depreciation +€1,406
up €1,406 (+8.5%), from €16,569 to €17,975
- Other operating charges -€860
down €860 (-37.5%), from €2,295 to €1,435
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,517 | €411,485 | -€8,033 | -1.9% |
| Fixed assets | 21/28 | €345,432 | €363,663 | +€18,231 | +5.3% |
| Intangible fixed assets | 21 | - | €1,122 | +€1,122 | |
| Tangible fixed assets | 22/27 | €345,432 | €203,841 | -€141,590 | -41.0% |
| Land and buildings | 22 | €244,778 | €117,455 | -€127,323 | -52.0% |
| Plant, machinery and equipment | 23 | €2,624 | €2,506 | -€118 | -4.5% |
| Furniture and vehicles | 24 | €33,331 | €25,720 | -€7,610 | -22.8% |
| Other tangible fixed assets | 26 | €64,700 | €58,160 | -€6,539 | -10.1% |
| Financial fixed assets | 28 | - | €158,700 | +€158,700 | |
| Current assets | 29/58 | €74,085 | €47,821 | -€26,264 | -35.5% |
| Amounts receivable within one year | 40/41 | €6,084 | €35,518 | +€29,434 | +484% |
| Trade receivables | 40 | €5,136 | €32,763 | +€27,627 | +538% |
| Other amounts receivable | 41 | €948 | €2,754 | +€1,807 | +191% |
| Cash at bank and in hand | 54/58 | €66,541 | €8,429 | -€58,112 | -87.3% |
| Deferred charges and accrued income | 490/1 | €1,460 | €3,875 | +€2,415 | +165% |
| Total equity and liabilities | 10/49 | €419,517 | €411,485 | -€8,033 | -1.9% |
| Equity | 10/15 | €206,043 | €223,415 | +€17,372 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,583 | €202,955 | +€17,372 | +9.4% |
| Amounts payable | 17/49 | €213,475 | €188,070 | -€25,405 | -11.9% |
| Amounts payable after more than one year | 17 | €162,129 | €62,270 | -€99,859 | -61.6% |
| Financial debts | 170/4 | €162,129 | €62,270 | -€99,859 | -61.6% |
| Amounts payable within one year | 42/48 | €51,345 | €125,799 | +€74,454 | +145% |
| Current portion of amounts payable after more than one year | 42 | €23,915 | €17,925 | -€5,991 | -25.1% |
| Trade debts | 44 | €6,259 | €15,938 | +€9,679 | +155% |
| Suppliers | 440/4 | €6,259 | €15,938 | +€9,679 | +155% |
| Advances received on contracts in progress | 46 | - | €11,253 | +€11,253 | |
| Taxes, remuneration and social security | 45 | €10,428 | €8,060 | -€2,368 | -22.7% |
| Taxes | 450/3 | €10,428 | €8,060 | -€2,368 | -22.7% |
| Other amounts payable | 47/48 | €10,743 | €72,624 | +€61,881 | +576% |
| Non-recurring operating income | 76A | - | €69,760 | +€69,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,569 | €17,975 | +€1,406 | +8.5% |
| Other operating charges | 640/8 | €2,295 | €1,435 | -€860 | -37.5% |
| Gross operating margin | 9900 | €63,384 | €47,823 | -€15,561 | -24.6% |
| Operating profit (loss) | 9901 | €44,520 | €28,413 | -€16,107 | -36.2% |
| Financial income | 75/76B | €813 | €755 | -€58 | -7.1% |
| Recurring financial income | 75 | €813 | €755 | -€58 | -7.1% |
| Financial charges | 65/66B | €3,886 | €3,985 | +€99 | +2.5% |
| Recurring financial charges | 65 | €3,886 | €3,985 | +€99 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €41,446 | €25,183 | -€16,264 | -39.2% |
| Income taxes | 67/77 | €10,178 | €7,810 | -€2,368 | -23.3% |
| Profit (loss) for the period | 9904 | €31,268 | €17,372 | -€13,896 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,268 | €17,372 | -€13,896 | -44.4% |
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.