NOBIMAX: 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.
NOBIMAX
Largest movements
- Cash +€306,697
up €306,697 (+115.0%), from €266,603 to €573,300
mainly Other debts (+€503,497) and Net result for the year (+€386,871)
- Deferred charges and accrued income +€84,737
up €84,737 (+202.7%), from €41,800 to €126,537
- Receivables within one year +€38,780
up €38,780 (+43.5%), from €89,071 to €127,851
of which Trade receivables: +€49,600
- Intangible fixed assets -€25,000
down €25,000 (-14.8%), from €168,904 to €143,904
- Other debts +€503,497
up €503,497 (+272.5%), from €184,770 to €688,267
- Trade debts -€88,296
down €88,296 (-68.7%), from €128,602 to €40,306
- Debts after one year -€37,336
no longer reported in 2025 (was €37,336)
- Tax, wage and social debts +€15,859
up €15,859 (+433.5%), from €3,658 to €19,517
- Gross operating margin +€332,393
up €332,393 (+367.1%), from €90,534 to €422,927
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €600,970 | €1,002,087 | +€401,117 | +66.7% |
| Fixed assets | 21/28 | €203,496 | €174,399 | -€29,098 | -14.3% |
| Intangible fixed assets | 21 | €168,904 | €143,904 | -€25,000 | -14.8% |
| Tangible fixed assets | 22/27 | €34,592 | €30,494 | -€4,098 | -11.8% |
| Land and buildings | 22 | €34,592 | €30,494 | -€4,098 | -11.8% |
| Current assets | 29/58 | €397,474 | €827,689 | +€430,214 | +108.2% |
| Amounts receivable within one year | 40/41 | €89,071 | €127,851 | +€38,780 | +43.5% |
| Trade receivables | 40 | €73,926 | €123,526 | +€49,600 | +67.1% |
| Other amounts receivable | 41 | €15,145 | €4,325 | -€10,820 | -71.4% |
| Cash at bank and in hand | 54/58 | €266,603 | €573,300 | +€306,697 | +115.0% |
| Deferred charges and accrued income | 490/1 | €41,800 | €126,537 | +€84,737 | +202.7% |
| Total equity and liabilities | 10/49 | €600,970 | €1,002,087 | +€401,117 | +66.7% |
| Equity | 10/15 | €149,406 | €156,277 | +€6,871 | +4.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €69,406 | €76,277 | +€6,871 | +9.9% |
| Distributable reserves | 133 | €69,406 | €76,277 | +€6,871 | +9.9% |
| Amounts payable | 17/49 | €451,565 | €845,811 | +€394,246 | +87.3% |
| Amounts payable after more than one year | 17 | €37,336 | - | -€37,336 | |
| Financial debts | 170/4 | €37,336 | - | -€37,336 | |
| Amounts payable within one year | 42/48 | €357,414 | €785,426 | +€428,012 | +119.8% |
| Current portion of amounts payable after more than one year | 42 | €40,384 | €37,336 | -€3,048 | -7.5% |
| Trade debts | 44 | €128,602 | €40,306 | -€88,296 | -68.7% |
| Suppliers | 440/4 | €128,602 | €40,306 | -€88,296 | -68.7% |
| Taxes, remuneration and social security | 45 | €3,658 | €19,517 | +€15,859 | +433.5% |
| Taxes | 450/3 | €3,658 | €19,517 | +€15,859 | +433.5% |
| Other amounts payable | 47/48 | €184,770 | €688,267 | +€503,497 | +272.5% |
| Accrued charges and deferred income | 492/3 | €56,815 | €60,384 | +€3,569 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,098 | €29,098 | = | 0.0% |
| Other operating charges | 640/8 | €4,147 | €2,115 | -€2,032 | -49.0% |
| Gross operating margin | 9900 | €90,534 | €422,927 | +€332,393 | +367.1% |
| Operating profit (loss) | 9901 | €57,290 | €391,715 | +€334,425 | +583.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,063 | €2,253 | -€1,810 | -44.6% |
| Recurring financial charges | 65 | €4,063 | €2,253 | -€1,810 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €53,227 | €389,463 | +€336,236 | +631.7% |
| Income taxes | 67/77 | €987 | €2,592 | +€1,605 | +162.6% |
| Profit (loss) for the period | 9904 | €52,240 | €386,871 | +€334,631 | +640.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,240 | €386,871 | +€334,631 | +640.6% |
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 11 October 2026 via checked.be.