NOBLE KITCHEN: what changed
Two fiscal 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 KITCHEN
Largest movements
- Receivables within one year +€63,170
up €63,170 (+72.9%), from €86,596 to €149,766
of which Trade receivables: +€63,529
- Cash -€17,946
down €17,946 (-76.3%), from €23,526 to €5,579
mainly Receivables within one year (-€63,170) and Net result for the year (-€10,689)
- Tangible fixed assets -€6,105
down €6,105 (-25.0%), from €24,379 to €18,274
- Deferred charges and accrued income +€2,541
new in 2025: €2,541
- Trade debts +€43,157
up €43,157 (+7.0%), from €617,576 to €660,733
- Profit (loss) carried forward -€10,689
down €10,689 (-1.1%), from -€959,493 to -€970,182
- Tax, wage and social debts +€8,190
up €8,190 (+12.6%), from €65,186 to €73,376
of which Remuneration and social security: +€8,079
- Staff costs +€125,127
up €125,127 (+27.3%), from €458,128 to €583,255
- Gross operating margin +€76,498
up €76,498 (+15.2%), from €502,314 to €578,812
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 | €143,427 | €183,841 | +€40,415 | +28.2% |
| Fixed assets | 21/28 | €24,379 | €18,274 | -€6,105 | -25.0% |
| Tangible fixed assets | 22/27 | €24,379 | €18,274 | -€6,105 | -25.0% |
| Plant, machinery and equipment | 23 | €24,379 | €18,274 | -€6,105 | -25.0% |
| Current assets | 29/58 | €119,048 | €165,567 | +€46,519 | +39.1% |
| Stocks and contracts in progress | 3 | €8,925 | €7,680 | -€1,245 | -14.0% |
| Stocks | 30/36 | €8,925 | €7,680 | -€1,245 | -14.0% |
| Amounts receivable within one year | 40/41 | €86,596 | €149,766 | +€63,170 | +72.9% |
| Trade receivables | 40 | €86,196 | €149,725 | +€63,529 | +73.7% |
| Other amounts receivable | 41 | €400 | €41 | -€359 | -89.7% |
| Cash at bank and in hand | 54/58 | €23,526 | €5,579 | -€17,946 | -76.3% |
| Deferred charges and accrued income | 490/1 | - | €2,541 | +€2,541 | |
| Total equity and liabilities | 10/49 | €143,427 | €183,841 | +€40,415 | +28.2% |
| Equity | 10/15 | -€949,493 | -€960,182 | -€10,689 | -1.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€959,493 | -€970,182 | -€10,689 | -1.1% |
| Amounts payable | 17/49 | €1,092,920 | €1,144,023 | +€51,104 | +4.7% |
| Amounts payable within one year | 42/48 | €1,092,920 | €1,144,023 | +€51,104 | +4.7% |
| Trade debts | 44 | €617,576 | €660,733 | +€43,157 | +7.0% |
| Suppliers | 440/4 | €617,576 | €660,733 | +€43,157 | +7.0% |
| Taxes, remuneration and social security | 45 | €65,186 | €73,376 | +€8,190 | +12.6% |
| Taxes | 450/3 | €19,057 | €19,168 | +€111 | +0.6% |
| Remuneration and social security | 454/9 | €46,129 | €54,208 | +€8,079 | +17.5% |
| Other amounts payable | 47/48 | €410,158 | €409,914 | -€244 | -0.1% |
| Remuneration, social security and pensions | 62 | €458,128 | €583,255 | +€125,127 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,241 | €6,105 | +€1,864 | +44.0% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €502,314 | €578,812 | +€76,498 | +15.2% |
| Operating profit (loss) | 9901 | €39,946 | -€10,647 | -€50,593 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €60 | €48 | -€12 | -19.7% |
| Recurring financial charges | 65 | €60 | €48 | -€12 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €39,886 | -€10,689 | -€50,575 | |
| Income taxes | 67/77 | €43 | - | -€43 | |
| Profit (loss) for the period | 9904 | €39,843 | -€10,689 | -€50,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,843 | -€10,689 | -€50,532 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.