NOBLE: 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.
NOBLE
Largest movements
- Receivables within one year -€37,310
down €37,310 (-71.0%), from €52,575 to €15,265
of which Trade receivables: -€37,132
- Trade debts -€22,878
down €22,878 (-50.1%), from €45,699 to €22,821
- Profit (loss) carried forward -€12,250
down €12,250 (-24.2%), from €50,608 to €38,358
- Accrued charges and deferred income -€1,999
down €1,999 (-99.9%), from €2,001 to €1
- Tax, wage and social debts +€1,375
up €1,375 (+181%), from €761 to €2,136
- Current portion of long-term debt -€1,231
down €1,231 (-100%), from €1,231 to €0
- Gross operating margin -€41,441
down €41,441, from €35,563 to -€5,878
- Taxes -€6,595
down €6,595 (-97.5%), from €6,761 to €166
- Financial charges -€540
down €540 (-58.8%), from €919 to €379
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 | €108,364 | €71,379 | -€36,985 | -34.1% |
| Fixed assets | 21/28 | €6,091 | €7,134 | +€1,042 | +17.1% |
| Tangible fixed assets | 22/27 | €6,091 | €7,134 | +€1,042 | +17.1% |
| Furniture and vehicles | 24 | €6,091 | €3,584 | -€2,507 | -41.2% |
| Other tangible fixed assets | 26 | - | €3,550 | +€3,550 | |
| Current assets | 29/58 | €102,273 | €64,246 | -€38,027 | -37.2% |
| Stocks and contracts in progress | 3 | €2,254 | €1,614 | -€640 | -28.4% |
| Stocks | 30/36 | €2,254 | €1,614 | -€640 | -28.4% |
| Amounts receivable within one year | 40/41 | €52,575 | €15,265 | -€37,310 | -71.0% |
| Trade receivables | 40 | €52,397 | €15,265 | -€37,132 | -70.9% |
| Other amounts receivable | 41 | €178 | €0 | -€178 | -100% |
| Cash at bank and in hand | 54/58 | €46,616 | €46,634 | +€18 | 0.0% |
| Deferred charges and accrued income | 490/1 | €828 | €732 | -€95 | -11.5% |
| Total equity and liabilities | 10/49 | €108,364 | €71,379 | -€36,985 | -34.1% |
| Equity | 10/15 | €58,672 | €46,422 | -€12,250 | -20.9% |
| Contributions | 10/11 | €6,204 | €6,204 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,608 | €38,358 | -€12,250 | -24.2% |
| Amounts payable | 17/49 | €49,692 | €24,958 | -€24,734 | -49.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €47,691 | €24,957 | -€22,735 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €1,231 | €0 | -€1,231 | -100% |
| Trade debts | 44 | €45,699 | €22,821 | -€22,878 | -50.1% |
| Suppliers | 440/4 | €45,699 | €22,821 | -€22,878 | -50.1% |
| Taxes, remuneration and social security | 45 | €761 | €2,136 | +€1,375 | +181% |
| Taxes | 450/3 | €761 | €2,136 | +€1,375 | +181% |
| Accrued charges and deferred income | 492/3 | €2,001 | €1 | -€1,999 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,760 | €4,736 | -€25 | -0.5% |
| Other operating charges | 640/8 | €1,133 | €1,109 | -€24 | -2.1% |
| Gross operating margin | 9900 | €35,563 | -€5,878 | -€41,441 | |
| Operating profit (loss) | 9901 | €29,669 | -€11,723 | -€41,392 | |
| Financial income | 75/76B | €10 | €18 | +€8 | +75.0% |
| Recurring financial income | 75 | €10 | €18 | +€8 | +75.0% |
| Financial charges | 65/66B | €919 | €379 | -€540 | -58.8% |
| Recurring financial charges | 65 | €919 | €379 | -€540 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €28,761 | -€12,084 | -€40,845 | |
| Income taxes | 67/77 | €6,761 | €166 | -€6,595 | -97.5% |
| Profit (loss) for the period | 9904 | €22,000 | -€12,250 | -€34,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,000 | -€12,250 | -€34,250 |
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 20 October 2026 via checked.be.