NOBLE HOUSE: 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 HOUSE
Largest movements
- Deferred charges and accrued income -€16,838
down €16,838 (-57.5%), from €29,300 to €12,462
- Receivables within one year +€16,731
up €16,731 (+38.2%), from €43,761 to €60,492
of which Trade receivables: +€23,044
- Cash -€11,738
down €11,738 (-14.0%), from €83,893 to €72,155
mainly Contributions, distributions and other (-€47,626) and Investment in fixed assets (net) (-€26,974)
- Tangible fixed assets +€3,549
up €3,549 (+10.2%), from €34,694 to €38,243
of which Other tangible fixed assets: +€15,918
- Reserves -€26,872
down €26,872 (-20.8%), from €128,904 to €102,031
- Tax, wage and social debts +€9,947
up €9,947 (+92.4%), from €10,764 to €20,712
- Other debts +€8,833
up €8,833 (+22.8%), from €38,793 to €47,626
- Debts after one year -€5,667
down €5,667 (-43.2%), from €13,105 to €7,438
of which Other amounts payable: -€5,667
- Trade debts +€4,018
up €4,018 (+361%), from €1,113 to €5,130
- Gross operating margin -€63,539
down €63,539 (-52.5%), from €121,063 to €57,523
- Taxes -€13,803
down €13,803 (-58.9%), from €23,445 to €9,642
- Financial charges -€6,056
down €6,056 (-93.0%), from €6,513 to €457
- Depreciation +€2,691
up €2,691 (+12.1%), from €22,221 to €24,913
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 | €205,184 | €195,443 | -€9,742 | -4.7% |
| Fixed assets | 21/28 | €36,182 | €38,243 | +€2,061 | +5.7% |
| Tangible fixed assets | 22/27 | €34,694 | €38,243 | +€3,549 | +10.2% |
| Land and buildings | 22 | €5,459 | €4,524 | -€935 | -17.1% |
| Plant, machinery and equipment | 23 | - | €3,306 | +€3,306 | |
| Furniture and vehicles | 24 | €24,154 | €9,415 | -€14,739 | -61.0% |
| Other tangible fixed assets | 26 | €5,081 | €20,999 | +€15,918 | +313% |
| Financial fixed assets | 28 | €1,488 | €0 | -€1,488 | -100% |
| Current assets | 29/58 | €169,002 | €157,199 | -€11,803 | -7.0% |
| Amounts receivable within one year | 40/41 | €43,761 | €60,492 | +€16,731 | +38.2% |
| Trade receivables | 40 | €32,763 | €55,806 | +€23,044 | +70.3% |
| Other amounts receivable | 41 | €10,998 | €4,686 | -€6,312 | -57.4% |
| Current investments | 50/53 | €12,048 | €12,090 | +€42 | +0.4% |
| Cash at bank and in hand | 54/58 | €83,893 | €72,155 | -€11,738 | -14.0% |
| Deferred charges and accrued income | 490/1 | €29,300 | €12,462 | -€16,838 | -57.5% |
| Total equity and liabilities | 10/49 | €205,184 | €195,443 | -€9,742 | -4.7% |
| Equity | 10/15 | €141,404 | €114,531 | -€26,872 | -19.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €128,904 | €102,031 | -€26,872 | -20.8% |
| Distributable reserves | 133 | €128,904 | €102,031 | -€26,872 | -20.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,781 | €80,911 | +€17,131 | +26.9% |
| Amounts payable after more than one year | 17 | €13,105 | €7,438 | -€5,667 | -43.2% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €13,105 | €7,438 | -€5,667 | -43.2% |
| Amounts payable within one year | 42/48 | €50,676 | €73,474 | +€22,798 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €6 | €6 | = | 0.0% |
| Credit institutions | 430/8 | €6 | €6 | = | 0.0% |
| Trade debts | 44 | €1,113 | €5,130 | +€4,018 | +361% |
| Suppliers | 440/4 | €1,113 | €5,130 | +€4,018 | +361% |
| Taxes, remuneration and social security | 45 | €10,764 | €20,712 | +€9,947 | +92.4% |
| Taxes | 450/3 | €10,764 | €20,712 | +€9,947 | +92.4% |
| Other amounts payable | 47/48 | €38,793 | €47,626 | +€8,833 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,221 | €24,913 | +€2,691 | +12.1% |
| Other operating charges | 640/8 | €943 | €1,807 | +€864 | +91.6% |
| Gross operating margin | 9900 | €121,063 | €57,523 | -€63,539 | -52.5% |
| Operating profit (loss) | 9901 | €97,898 | €30,804 | -€67,094 | -68.5% |
| Financial income | 75/76B | €37 | €49 | +€12 | +32.9% |
| Recurring financial income | 75 | €37 | €49 | +€12 | +32.9% |
| Financial charges | 65/66B | €6,513 | €457 | -€6,056 | -93.0% |
| Recurring financial charges | 65 | €6,513 | €457 | -€6,056 | -93.0% |
| Profit (loss) for the period before taxes | 9903 | €91,422 | €30,396 | -€61,026 | -66.8% |
| Income taxes | 67/77 | €23,445 | €9,642 | -€13,803 | -58.9% |
| Profit (loss) for the period | 9904 | €67,977 | €20,753 | -€47,223 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,977 | €20,753 | -€47,223 | -69.5% |
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 21 October 2026 via checked.be.