NOBLESSE CAPITAL: 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.
NOBLESSE CAPITAL
Largest movements
- Tangible fixed assets +€12,934
up €12,934 (+649%), from €1,994 to €14,928
- Receivables within one year +€5,029
up €5,029 (+77.9%), from €6,455 to €11,484
- Cash +€2,019
up €2,019 (+34.7%), from €5,819 to €7,838
mainly Trade debts (+€13,868) and Net result for the year (+€5,635)
- Deferred charges and accrued income +€878
new in 2025: €878
- Trade debts +€13,868
new in 2025: €13,868
- Profit (loss) carried forward +€5,635
up €5,635 (+67.8%), from €8,313 to €13,948
- Tax, wage and social debts +€1,357
up €1,357 (+34.3%), from €3,955 to €5,312
- Gross operating margin -€4,643
down €4,643 (-32.0%), from €14,504 to €9,862
- Depreciation +€870
up €870 (+305%), from €285 to €1,155
- Other operating charges -€840
no longer reported in 2025 (was €840)
- Taxes -€277
down €277 (-7.8%), from €3,539 to €3,262
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 | €14,268 | €35,128 | +€20,860 | +146% |
| Fixed assets | 21/28 | €1,994 | €14,928 | +€12,934 | +649% |
| Tangible fixed assets | 22/27 | €1,994 | €14,928 | +€12,934 | +649% |
| Furniture and vehicles | 24 | €1,994 | €14,928 | +€12,934 | +649% |
| Current assets | 29/58 | €12,275 | €20,200 | +€7,926 | +64.6% |
| Amounts receivable within one year | 40/41 | €6,455 | €11,484 | +€5,029 | +77.9% |
| Other amounts receivable | 41 | €6,455 | €11,484 | +€5,029 | +77.9% |
| Cash at bank and in hand | 54/58 | €5,819 | €7,838 | +€2,019 | +34.7% |
| Deferred charges and accrued income | 490/1 | - | €878 | +€878 | |
| Total equity and liabilities | 10/49 | €14,268 | €35,128 | +€20,860 | +146% |
| Equity | 10/15 | €10,313 | €15,948 | +€5,635 | +54.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,313 | €13,948 | +€5,635 | +67.8% |
| Amounts payable | 17/49 | €3,955 | €19,180 | +€15,225 | +385% |
| Amounts payable within one year | 42/48 | €3,955 | €19,180 | +€15,225 | +385% |
| Trade debts | 44 | - | €13,868 | +€13,868 | |
| Suppliers | 440/4 | - | €13,868 | +€13,868 | |
| Taxes, remuneration and social security | 45 | €3,955 | €5,312 | +€1,357 | +34.3% |
| Taxes | 450/3 | €3,955 | €5,312 | +€1,357 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285 | €1,155 | +€870 | +305% |
| Other operating charges | 640/8 | €840 | - | -€840 | |
| Gross operating margin | 9900 | €14,504 | €9,862 | -€4,643 | -32.0% |
| Operating profit (loss) | 9901 | €13,380 | €8,707 | -€4,673 | -34.9% |
| Financial income | 75/76B | €413 | €315 | -€98 | -23.7% |
| Recurring financial income | 75 | €413 | €315 | -€98 | -23.7% |
| Financial charges | 65/66B | €0 | €125 | +€125 | +62,380% |
| Recurring financial charges | 65 | €0 | €125 | +€125 | +62,380% |
| Profit (loss) for the period before taxes | 9903 | €13,792 | €8,897 | -€4,895 | -35.5% |
| Income taxes | 67/77 | €3,539 | €3,262 | -€277 | -7.8% |
| Profit (loss) for the period | 9904 | €10,253 | €5,635 | -€4,618 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,253 | €5,635 | -€4,618 | -45.0% |
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 28 October 2026 via checked.be.