NUBILA: 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.
NUBILA
Largest movements
- Cash +€253,199
up €253,199 (+79.4%), from €319,010 to €572,209
mainly Net result for the year (+€130,959) and Trade debts (+€67,684)
- Receivables within one year -€47,615
down €47,615 (-55.2%), from €86,261 to €38,646
of which Trade receivables: -€47,395
- Reserves +€123,534
up €123,534 (+32.4%), from €380,974 to €504,508
- Trade debts +€67,684
up €67,684 (+152%), from €44,394 to €112,078
- Tax, wage and social debts +€15,443
up €15,443 (+40.4%), from €38,229 to €53,672
of which Taxes: +€9,129
- Gross operating margin +€18,398
up €18,398 (+5.0%), from €370,189 to €388,587
- Staff costs +€14,642
up €14,642 (+8.5%), from €171,351 to €185,993
- Depreciation +€6,129
up €6,129 (+574%), from €1,068 to €7,198
- Other operating charges -€5,724
down €5,724 (-87.2%), from €6,561 to €837
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 | €477,255 | €684,440 | +€207,184 | +43.4% |
| Fixed assets | 21/28 | €21,460 | €23,466 | +€2,006 | +9.3% |
| Intangible fixed assets | 21 | €7,118 | €5,618 | -€1,500 | -21.1% |
| Tangible fixed assets | 22/27 | €14,342 | €17,848 | +€3,506 | +24.4% |
| Furniture and vehicles | 24 | €14,342 | €17,848 | +€3,506 | +24.4% |
| Current assets | 29/58 | €455,796 | €660,974 | +€205,178 | +45.0% |
| Amounts receivable within one year | 40/41 | €86,261 | €38,646 | -€47,615 | -55.2% |
| Trade receivables | 40 | €86,041 | €38,645 | -€47,395 | -55.1% |
| Other amounts receivable | 41 | €221 | €1 | -€220 | -99.6% |
| Current investments | 50/53 | €33,090 | €37,922 | +€4,833 | +14.6% |
| Cash at bank and in hand | 54/58 | €319,010 | €572,209 | +€253,199 | +79.4% |
| Deferred charges and accrued income | 490/1 | €17,434 | €12,197 | -€5,238 | -30.0% |
| Total equity and liabilities | 10/49 | €477,255 | €684,440 | +€207,184 | +43.4% |
| Equity | 10/15 | €387,174 | €510,708 | +€123,534 | +31.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €380,974 | €504,508 | +€123,534 | +32.4% |
| Distributable reserves | 133 | €380,974 | €504,508 | +€123,534 | +32.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,082 | €173,732 | +€83,650 | +92.9% |
| Amounts payable within one year | 42/48 | €90,082 | €173,732 | +€83,650 | +92.9% |
| Financial debts | 43 | - | €470 | +€470 | |
| Credit institutions | 430/8 | - | €470 | +€470 | |
| Trade debts | 44 | €44,394 | €112,078 | +€67,684 | +152% |
| Suppliers | 440/4 | €44,394 | €112,078 | +€67,684 | +152% |
| Taxes, remuneration and social security | 45 | €38,229 | €53,672 | +€15,443 | +40.4% |
| Taxes | 450/3 | €24,420 | €33,549 | +€9,129 | +37.4% |
| Remuneration and social security | 454/9 | €13,809 | €20,123 | +€6,314 | +45.7% |
| Other amounts payable | 47/48 | €7,459 | €7,512 | +€54 | +0.7% |
| Remuneration, social security and pensions | 62 | €171,351 | €185,993 | +€14,642 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,068 | €7,198 | +€6,129 | +574% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,632 | €0 | -€1,632 | -100% |
| Other operating charges | 640/8 | €6,561 | €837 | -€5,724 | -87.2% |
| Gross operating margin | 9900 | €370,189 | €388,587 | +€18,398 | +5.0% |
| Operating profit (loss) | 9901 | €189,577 | €194,560 | +€4,983 | +2.6% |
| Financial income | 75/76B | €1,666 | €1,032 | -€633 | -38.0% |
| Recurring financial income | 75 | €1,666 | €1,032 | -€633 | -38.0% |
| Financial charges | 65/66B | €1,830 | €999 | -€831 | -45.4% |
| Recurring financial charges | 65 | €1,830 | €999 | -€831 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €189,413 | €194,594 | +€5,181 | +2.7% |
| Income taxes | 67/77 | €60,437 | €63,634 | +€3,197 | +5.3% |
| Profit (loss) for the period | 9904 | €128,975 | €130,959 | +€1,984 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €128,975 | €130,959 | +€1,984 | +1.5% |
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 18 October 2026 via checked.be.