NOBLE SAVOURY: 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 SAVOURY
Largest movements
- Receivables within one year -€124,711
down €124,711 (-58.2%), from €214,181 to €89,470
of which Trade receivables: -€121,930
- Tangible fixed assets -€51,885
down €51,885 (-71.5%), from €72,599 to €20,714
of which Plant, machinery and equipment: -€43,427
- Cash +€21,134
up €21,134 (+212%), from €9,964 to €31,098
mainly Receivables within one year (+€124,711) and Depreciation (+€51,885)
- Stocks and contracts +€6,296
up €6,296 (+7.5%), from €83,752 to €90,048
- Profit (loss) carried forward -€178,904
down €178,904 (-6.9%), from -€2.6m to -€2.8m
- Trade debts +€30,936
up €30,936 (+24.5%), from €126,104 to €157,040
- Other debts +€25,681
up €25,681 (+2.4%), from €1.1m to €1.1m
- Debts after one year -€15,585
down €15,585 (-46.9%), from €33,258 to €17,672
- Accrued charges and deferred income -€15,371
down €15,371 (-20.3%), from €75,858 to €60,487
- Depreciation -€41,276
down €41,276 (-44.3%), from €93,161 to €51,885
- Financial charges -€38,256
down €38,256 (-73.2%), from €52,231 to €13,976
- Gross operating margin +€9,953
up €9,953 (+360%), from €2,764 to €12,717
- Staff costs -€9,506
down €9,506 (-7.1%), from €134,688 to €125,182
- Other operating charges -€1,200
down €1,200 (-67.5%), from €1,778 to €578
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 | €395,978 | €246,330 | -€149,648 | -37.8% |
| Fixed assets | 21/28 | €87,599 | €35,714 | -€51,885 | -59.2% |
| Tangible fixed assets | 22/27 | €72,599 | €20,714 | -€51,885 | -71.5% |
| Plant, machinery and equipment | 23 | €55,220 | €11,793 | -€43,427 | -78.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €17,379 | €8,921 | -€8,458 | -48.7% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €308,379 | €210,616 | -€97,763 | -31.7% |
| Stocks and contracts in progress | 3 | €83,752 | €90,048 | +€6,296 | +7.5% |
| Stocks | 30/36 | €83,752 | €90,048 | +€6,296 | +7.5% |
| Amounts receivable within one year | 40/41 | €214,181 | €89,470 | -€124,711 | -58.2% |
| Trade receivables | 40 | €195,813 | €73,883 | -€121,930 | -62.3% |
| Other amounts receivable | 41 | €18,368 | €15,587 | -€2,781 | -15.1% |
| Cash at bank and in hand | 54/58 | €9,964 | €31,098 | +€21,134 | +212% |
| Deferred charges and accrued income | 490/1 | €482 | €0 | -€482 | -100% |
| Total equity and liabilities | 10/49 | €395,978 | €246,330 | -€149,648 | -37.8% |
| Equity | 10/15 | -€1,093,819 | -€1,272,723 | -€178,904 | -16.4% |
| Contributions | 10/11 | €1,480,600 | €1,480,600 | = | 0.0% |
| Capital | 10 | €1,480,600 | €1,480,600 | = | 0.0% |
| Issued capital | 100 | €1,480,600 | €1,480,600 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,580,619 | -€2,759,523 | -€178,904 | -6.9% |
| Amounts payable | 17/49 | €1,489,797 | €1,519,053 | +€29,256 | +2.0% |
| Amounts payable after more than one year | 17 | €33,258 | €17,672 | -€15,585 | -46.9% |
| Financial debts | 170/4 | €33,258 | €17,672 | -€15,585 | -46.9% |
| Amounts payable within one year | 42/48 | €1,380,682 | €1,440,894 | +€60,212 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €14,917 | €15,585 | +€668 | +4.5% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €126,104 | €157,040 | +€30,936 | +24.5% |
| Suppliers | 440/4 | €126,104 | €157,040 | +€30,936 | +24.5% |
| Taxes, remuneration and social security | 45 | €31,971 | €34,898 | +€2,926 | +9.2% |
| Taxes | 450/3 | €7,120 | €11,031 | +€3,911 | +54.9% |
| Remuneration and social security | 454/9 | €24,852 | €23,867 | -€985 | -4.0% |
| Other amounts payable | 47/48 | €1,082,690 | €1,108,371 | +€25,681 | +2.4% |
| Accrued charges and deferred income | 492/3 | €75,858 | €60,487 | -€15,371 | -20.3% |
| Remuneration, social security and pensions | 62 | €134,688 | €125,182 | -€9,506 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,161 | €51,885 | -€41,276 | -44.3% |
| Other operating charges | 640/8 | €1,778 | €578 | -€1,200 | -67.5% |
| Non-recurring operating charges | 66A | €1,001 | €0 | -€1,001 | -100% |
| Gross operating margin | 9900 | €2,764 | €12,717 | +€9,953 | +360% |
| Operating profit (loss) | 9901 | -€227,864 | -€164,928 | +€62,936 | +27.6% |
| Financial income | 75/76B | €88 | €0 | -€88 | -99.9% |
| Recurring financial income | 75 | €88 | €0 | -€88 | -99.9% |
| Financial charges | 65/66B | €52,231 | €13,976 | -€38,256 | -73.2% |
| Recurring financial charges | 65 | €52,231 | €13,976 | -€38,256 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | -€280,007 | -€178,904 | +€101,104 | +36.1% |
| Profit (loss) for the period | 9904 | -€280,007 | -€178,904 | +€101,104 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€280,007 | -€178,904 | +€101,104 | +36.1% |
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 1 November 2026 via checked.be.