NOBO: 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.
NOBO
Largest movements
- Cash +€116,662
up €116,662 (+498%), from €23,443 to €140,105
mainly Net result for the year (+€139,386) and Tax, wage and social debts (+€49,397)
- Reserves +€140,000
up €140,000 (+74.5%), from €188,000 to €328,000
- Debts after one year -€106,294
down €106,294 (-14.2%), from €750,648 to €644,354
- Tax, wage and social debts +€49,397
up €49,397 (+66.8%), from €73,899 to €123,295
- Current portion of long-term debt +€24,173
up €24,173 (+29.7%), from €81,342 to €105,516
- Accrued charges and deferred income +€14,910
up €14,910 (+541%), from €2,756 to €17,666
- Gross operating margin -€63,574
down €63,574 (-22.2%), from €286,676 to €223,102
- Taxes -€17,634
down €17,634 (-26.5%), from €66,501 to €48,867
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 | €1,105,301 | €1,225,086 | +€119,785 | +10.8% |
| Fixed assets | 21/28 | €1,065,512 | €1,064,674 | -€838 | -0.1% |
| Tangible fixed assets | 22/27 | €21,762 | €20,924 | -€838 | -3.9% |
| Furniture and vehicles | 24 | €21,762 | €20,924 | -€838 | -3.9% |
| Financial fixed assets | 28 | €1,043,750 | €1,043,750 | = | 0.0% |
| Current assets | 29/58 | €39,789 | €160,412 | +€120,623 | +303% |
| Amounts receivable within one year | 40/41 | €16,257 | €19,706 | +€3,449 | +21.2% |
| Trade receivables | 40 | €16,257 | €19,706 | +€3,449 | +21.2% |
| Cash at bank and in hand | 54/58 | €23,443 | €140,105 | +€116,662 | +498% |
| Deferred charges and accrued income | 490/1 | €89 | €601 | +€512 | +576% |
| Total equity and liabilities | 10/49 | €1,105,301 | €1,225,086 | +€119,785 | +10.8% |
| Equity | 10/15 | €193,902 | €333,288 | +€139,386 | +71.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €188,000 | €328,000 | +€140,000 | +74.5% |
| Distributable reserves | 133 | €188,000 | €328,000 | +€140,000 | +74.5% |
| Profit (loss) carried forward | 14 | €902 | €288 | -€614 | -68.0% |
| Amounts payable | 17/49 | €911,398 | €891,798 | -€19,601 | -2.2% |
| Amounts payable after more than one year | 17 | €750,648 | €644,354 | -€106,294 | -14.2% |
| Financial debts | 170/4 | €750,648 | €644,354 | -€106,294 | -14.2% |
| Amounts payable within one year | 42/48 | €157,994 | €229,778 | +€71,784 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €81,342 | €105,516 | +€24,173 | +29.7% |
| Trade debts | 44 | €178 | - | -€178 | |
| Suppliers | 440/4 | €178 | - | -€178 | |
| Taxes, remuneration and social security | 45 | €73,899 | €123,295 | +€49,397 | +66.8% |
| Taxes | 450/3 | €73,899 | €123,295 | +€49,397 | +66.8% |
| Other amounts payable | 47/48 | €2,575 | €967 | -€1,609 | -62.5% |
| Accrued charges and deferred income | 492/3 | €2,756 | €17,666 | +€14,910 | +541% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,645 | €10,973 | +€2,328 | +26.9% |
| Other operating charges | 640/8 | €2,212 | €1,245 | -€967 | -43.7% |
| Gross operating margin | 9900 | €286,676 | €223,102 | -€63,574 | -22.2% |
| Operating profit (loss) | 9901 | €275,819 | €210,885 | -€64,935 | -23.5% |
| Financial income | 75/76B | €13 | €425 | +€411 | +3,076% |
| Recurring financial income | 75 | €13 | €425 | +€411 | +3,076% |
| Financial charges | 65/66B | €20,429 | €23,057 | +€2,628 | +12.9% |
| Recurring financial charges | 65 | €20,429 | €23,057 | +€2,628 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €255,404 | €188,253 | -€67,151 | -26.3% |
| Income taxes | 67/77 | €66,501 | €48,867 | -€17,634 | -26.5% |
| Profit (loss) for the period | 9904 | €188,902 | €139,386 | -€49,517 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €188,902 | €139,386 | -€49,517 | -26.2% |
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 29 October 2026 via checked.be.