Noobel: 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.
Noobel
Largest movements
- Cash -€39,235
down €39,235 (-18.9%), from €208,033 to €168,798
mainly Contributions, distributions and other (-€75,000) and Other debts (-€25,887)
- Stocks and contracts -€11,000
down €11,000 (-38.3%), from €28,728 to €17,728
- Tangible fixed assets -€8,124
down €8,124 (-33.6%), from €24,181 to €16,057
- Receivables within one year -€7,281
down €7,281 (-24.1%), from €30,159 to €22,879
of which Other amounts receivable: -€5,169
- Profit (loss) carried forward -€35,461
down €35,461 (-45.7%), from €77,654 to €42,194
- Other debts -€25,887
down €25,887 (-22.5%), from €115,279 to €89,392
- Debts after one year -€5,237
down €5,237 (-32.4%), from €16,188 to €10,951
- Depreciation +€7,643
up €7,643 (+1,588%), from €481 to €8,124
- Write-downs -€6,250
down €6,250, from €3,125 to -€3,125
- Financial charges -€4,362
down €4,362 (-65.9%), from €6,620 to €2,258
- Other operating charges +€3,441
up €3,441 (+231%), from €1,487 to €4,928
- Gross operating margin -€2,524
down €2,524 (-3.9%), from €65,108 to €62,584
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 | €292,904 | €227,324 | -€65,580 | -22.4% |
| Fixed assets | 21/28 | €24,181 | €16,057 | -€8,124 | -33.6% |
| Tangible fixed assets | 22/27 | €24,181 | €16,057 | -€8,124 | -33.6% |
| Furniture and vehicles | 24 | €24,181 | €16,057 | -€8,124 | -33.6% |
| Current assets | 29/58 | €268,723 | €211,267 | -€57,456 | -21.4% |
| Stocks and contracts in progress | 3 | €28,728 | €17,728 | -€11,000 | -38.3% |
| Stocks | 30/36 | €28,728 | €17,728 | -€11,000 | -38.3% |
| Amounts receivable within one year | 40/41 | €30,159 | €22,879 | -€7,281 | -24.1% |
| Trade receivables | 40 | €16,642 | €14,530 | -€2,112 | -12.7% |
| Other amounts receivable | 41 | €13,518 | €8,349 | -€5,169 | -38.2% |
| Cash at bank and in hand | 54/58 | €208,033 | €168,798 | -€39,235 | -18.9% |
| Deferred charges and accrued income | 490/1 | €1,802 | €1,862 | +€60 | +3.3% |
| Total equity and liabilities | 10/49 | €292,904 | €227,324 | -€65,580 | -22.4% |
| Equity | 10/15 | €131,389 | €95,929 | -€35,461 | -27.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €43,735 | €43,735 | = | 0.0% |
| Distributable reserves | 133 | €43,735 | €43,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,654 | €42,194 | -€35,461 | -45.7% |
| Amounts payable | 17/49 | €161,515 | €131,395 | -€30,120 | -18.6% |
| Amounts payable after more than one year | 17 | €16,188 | €10,951 | -€5,237 | -32.4% |
| Financial debts | 170/4 | €16,188 | €10,951 | -€5,237 | -32.4% |
| Amounts payable within one year | 42/48 | €145,327 | €120,445 | -€24,882 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €5,085 | €5,237 | +€153 | +3.0% |
| Trade debts | 44 | €2,239 | €3,438 | +€1,199 | +53.6% |
| Suppliers | 440/4 | €2,239 | €3,438 | +€1,199 | +53.6% |
| Taxes, remuneration and social security | 45 | €22,724 | €22,377 | -€347 | -1.5% |
| Taxes | 450/3 | €22,724 | €22,377 | -€347 | -1.5% |
| Other amounts payable | 47/48 | €115,279 | €89,392 | -€25,887 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €8,124 | +€7,643 | +1,588% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,125 | -€3,125 | -€6,250 | |
| Other operating charges | 640/8 | €1,487 | €4,928 | +€3,441 | +231% |
| Gross operating margin | 9900 | €65,108 | €62,584 | -€2,524 | -3.9% |
| Operating profit (loss) | 9901 | €60,014 | €52,656 | -€7,358 | -12.3% |
| Financial income | 75/76B | €520 | €748 | +€227 | +43.7% |
| Recurring financial income | 75 | €520 | €748 | +€227 | +43.7% |
| Financial charges | 65/66B | €6,620 | €2,258 | -€4,362 | -65.9% |
| Recurring financial charges | 65 | €6,620 | €2,258 | -€4,362 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €53,915 | €51,146 | -€2,769 | -5.1% |
| Income taxes | 67/77 | €11,750 | €11,607 | -€144 | -1.2% |
| Profit (loss) for the period | 9904 | €42,165 | €39,539 | -€2,625 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,165 | €39,539 | -€2,625 | -6.2% |
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 21 October 2026 via checked.be.