Noble & Cute: 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 & Cute
Largest movements
- Tangible fixed assets -€4,296
down €4,296 (-7.6%), from €56,651 to €52,354
of which Furniture and vehicles: -€3,350
- Cash -€3,544
down €3,544 (-45.1%), from €7,860 to €4,316
mainly Net result for the year (-€36,398) and Short-term financial debts (-€9,294)
- Receivables within one year -€2,509
down €2,509 (-94.2%), from €2,662 to €153
of which Trade receivables: -€1,937
- Profit (loss) carried forward -€36,398
down €36,398 (-42.3%), from -€86,016 to -€122,414
- Other debts +€29,261
up €29,261 (+22.1%), from €132,207 to €161,469
- Short-term financial debts -€9,294
down €9,294 (-98.2%), from €9,464 to €170
- Tax, wage and social debts +€2,696
up €2,696 (+90.7%), from €2,971 to €5,667
of which Taxes: +€3,076
- Trade debts +€2,157
up €2,157 (+5.1%), from €42,649 to €44,806
- Gross operating margin +€46,359
up €46,359 (+61.0%), from -€75,981 to -€29,622
- Depreciation -€3,057
down €3,057 (-37.7%), from €8,111 to €5,053
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 | €141,275 | €129,698 | -€11,577 | -8.2% |
| Fixed assets | 21/28 | €59,791 | €54,738 | -€5,053 | -8.5% |
| Intangible fixed assets | 21 | €3,140 | €2,383 | -€757 | -24.1% |
| Tangible fixed assets | 22/27 | €56,651 | €52,354 | -€4,296 | -7.6% |
| Plant, machinery and equipment | 23 | €6,378 | €5,432 | -€946 | -14.8% |
| Furniture and vehicles | 24 | €50,273 | €46,923 | -€3,350 | -6.7% |
| Current assets | 29/58 | €81,484 | €74,960 | -€6,524 | -8.0% |
| Stocks and contracts in progress | 3 | €70,530 | €70,491 | -€39 | -0.1% |
| Stocks | 30/36 | €70,530 | €70,491 | -€39 | -0.1% |
| Amounts receivable within one year | 40/41 | €2,662 | €153 | -€2,509 | -94.2% |
| Trade receivables | 40 | €1,985 | €49 | -€1,937 | -97.6% |
| Other amounts receivable | 41 | €677 | €105 | -€572 | -84.5% |
| Cash at bank and in hand | 54/58 | €7,860 | €4,316 | -€3,544 | -45.1% |
| Deferred charges and accrued income | 490/1 | €433 | €0 | -€433 | -100% |
| Total equity and liabilities | 10/49 | €141,275 | €129,698 | -€11,577 | -8.2% |
| Equity | 10/15 | -€46,016 | -€82,414 | -€36,398 | -79.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,016 | -€122,414 | -€36,398 | -42.3% |
| Amounts payable | 17/49 | €187,291 | €212,111 | +€24,820 | +13.3% |
| Amounts payable within one year | 42/48 | €187,291 | €212,111 | +€24,820 | +13.3% |
| Financial debts | 43 | €9,464 | €170 | -€9,294 | -98.2% |
| Credit institutions | 430/8 | €9,464 | €170 | -€9,294 | -98.2% |
| Trade debts | 44 | €42,649 | €44,806 | +€2,157 | +5.1% |
| Suppliers | 440/4 | €42,649 | €44,806 | +€2,157 | +5.1% |
| Taxes, remuneration and social security | 45 | €2,971 | €5,667 | +€2,696 | +90.7% |
| Taxes | 450/3 | €1,673 | €4,749 | +€3,076 | +184% |
| Remuneration and social security | 454/9 | €1,298 | €918 | -€380 | -29.3% |
| Other amounts payable | 47/48 | €132,207 | €161,469 | +€29,261 | +22.1% |
| Remuneration, social security and pensions | 62 | €499 | €132 | -€368 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,111 | €5,053 | -€3,057 | -37.7% |
| Other operating charges | 640/8 | €772 | €544 | -€228 | -29.5% |
| Gross operating margin | 9900 | -€75,981 | -€29,622 | +€46,359 | +61.0% |
| Operating profit (loss) | 9901 | -€85,363 | -€35,351 | +€50,012 | +58.6% |
| Financial income | 75/76B | €479 | €510 | +€31 | +6.5% |
| Recurring financial income | 75 | €479 | €510 | +€31 | +6.5% |
| Financial charges | 65/66B | €1,132 | €1,557 | +€425 | +37.6% |
| Recurring financial charges | 65 | €1,132 | €1,557 | +€425 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | -€86,016 | -€36,398 | +€49,618 | +57.7% |
| Profit (loss) for the period | 9904 | -€86,016 | -€36,398 | +€49,618 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,016 | -€36,398 | +€49,618 | +57.7% |
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 19 October 2026 via checked.be.