NOBLEHAYE: 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.
NOBLEHAYE
Largest movements
- Financial fixed assets +€3.3m
up €3.3m (+97.5%), from €3.4m to €6.7m
- Receivables after one year -€380,000
down €380,000 (-15.0%), from €2.5m to €2.2m
- Receivables within one year +€270,653
up €270,653 (+37.8%), from €716,183 to €986,835
of which Other amounts receivable: +€275,792
- Current investments +€140,000
up €140,000 (+233%), from €60,000 to €200,000
- Cash -€121,320
down €121,320 (-85.9%), from €141,155 to €19,835
mainly Investment in fixed assets (net) (-€3.4m) and Other debts (-€1.0m)
- Profit (loss) carried forward +€4.5m
up €4.5m (+93.1%), from €4.8m to €9.3m
- Other debts -€1.0m
down €1.0m (-60.0%), from €1.7m to €697,076
- Debts after one year -€199,583
down €199,583 (-31.8%), from €627,172 to €427,588
- Financial income +€2.0m
up €2.0m (+68.7%), from €2.9m to €4.9m
- Other operating charges +€201,317
up €201,317 (+5,316%), from €3,787 to €205,104
- Gross operating margin -€179,951
down €179,951, from €107,693 to -€72,258
- Financial charges +€49,467
up €49,467 (+245%), from €20,169 to €69,636
- Taxes -€21,795
down €21,795, from €18,408 to -€3,387
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 | €7,805,548 | €11,059,722 | +€3.3m | +41.7% |
| Fixed assets | 21/28 | €4,316,513 | €7,644,557 | +€3.3m | +77.1% |
| Tangible fixed assets | 22/27 | €930,858 | €959,026 | +€28,169 | +3.0% |
| Land and buildings | 22 | €835,894 | €808,796 | -€27,097 | -3.2% |
| Furniture and vehicles | 24 | €26,304 | €14,500 | -€11,804 | -44.9% |
| Other tangible fixed assets | 26 | €68,660 | €135,730 | +€67,070 | +97.7% |
| Financial fixed assets | 28 | €3,385,656 | €6,685,531 | +€3.3m | +97.5% |
| Current assets | 29/58 | €3,489,035 | €3,415,165 | -€73,869 | -2.1% |
| Amounts receivable after more than one year | 29 | €2,540,000 | €2,160,000 | -€380,000 | -15.0% |
| Other amounts receivable | 291 | €2,540,000 | €2,160,000 | -€380,000 | -15.0% |
| Amounts receivable within one year | 40/41 | €716,183 | €986,835 | +€270,653 | +37.8% |
| Trade receivables | 40 | €365,045 | €359,906 | -€5,139 | -1.4% |
| Other amounts receivable | 41 | €351,137 | €626,929 | +€275,792 | +78.5% |
| Current investments | 50/53 | €60,000 | €200,000 | +€140,000 | +233% |
| Cash at bank and in hand | 54/58 | €141,155 | €19,835 | -€121,320 | -85.9% |
| Deferred charges and accrued income | 490/1 | €31,697 | €48,495 | +€16,798 | +53.0% |
| Total equity and liabilities | 10/49 | €7,805,548 | €11,059,722 | +€3.3m | +41.7% |
| Equity | 10/15 | €4,831,689 | €9,318,197 | +€4.5m | +92.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,817,429 | €9,303,937 | +€4.5m | +93.1% |
| Provisions and deferred taxes | 16 | €211,715 | €207,483 | -€4,232 | -2.0% |
| Provisions for liabilities and charges | 160/5 | €211,715 | €207,483 | -€4,232 | -2.0% |
| Environmental obligations | 163 | €211,715 | €207,483 | -€4,232 | -2.0% |
| Amounts payable | 17/49 | €2,762,144 | €1,534,042 | -€1.2m | -44.5% |
| Amounts payable after more than one year | 17 | €627,172 | €427,588 | -€199,583 | -31.8% |
| Financial debts | 170/4 | €627,172 | €427,588 | -€199,583 | -31.8% |
| Amounts payable within one year | 42/48 | €2,131,973 | €1,106,454 | -€1.0m | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €190,671 | €199,583 | +€8,912 | +4.7% |
| Trade debts | 44 | €20,305 | €52,491 | +€32,185 | +159% |
| Suppliers | 440/4 | €20,305 | €52,491 | +€32,185 | +159% |
| Taxes, remuneration and social security | 45 | €177,548 | €157,304 | -€20,244 | -11.4% |
| Taxes | 450/3 | €177,548 | €157,304 | -€20,244 | -11.4% |
| Other amounts payable | 47/48 | €1,743,449 | €697,076 | -€1.0m | -60.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,330 | €51,017 | +€10,686 | +26.5% |
| Other operating charges | 640/8 | €3,787 | €205,104 | +€201,317 | +5,316% |
| Gross operating margin | 9900 | €107,693 | -€72,258 | -€179,951 | |
| Operating profit (loss) | 9901 | €63,576 | -€328,379 | -€391,955 | |
| Financial income | 75/76B | €2,894,016 | €4,881,137 | +€2.0m | +68.7% |
| Recurring financial income | 75 | €2,894,016 | €4,881,137 | +€2.0m | +68.7% |
| Financial charges | 65/66B | €20,169 | €69,636 | +€49,467 | +245% |
| Recurring financial charges | 65 | €20,169 | €69,636 | +€49,467 | +245% |
| Profit (loss) for the period before taxes | 9903 | €2,937,423 | €4,483,122 | +€1.5m | +52.6% |
| Income taxes | 67/77 | €18,408 | -€3,387 | -€21,795 | |
| Profit (loss) for the period | 9904 | €2,919,015 | €4,486,509 | +€1.6m | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,919,015 | €4,486,509 | +€1.6m | +53.7% |
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 1 November 2026 via checked.be.