2NMS: 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.
2NMS
Largest movements
- Cash +€169,926
up €169,926 (+68.0%), from €250,022 to €419,948
mainly Net result for the year (+€135,922) and Investment in fixed assets (net) (+€86,797)
- Tangible fixed assets -€98,988
down €98,988 (-29.1%), from €340,247 to €241,260
of which Land and buildings: -€95,374
- Reserves +€88,300
up €88,300 (+28.2%), from €313,200 to €401,500
- Trade debts -€36,201
down €36,201 (-91.5%), from €39,574 to €3,373
- Debts after one year +€21,119
up €21,119 (+9.5%), from €221,734 to €242,853
- Gross operating margin +€125,039
up €125,039 (+149%), from €83,683 to €208,723
- Taxes +€40,228
up €40,228 (+230%), from €17,509 to €57,737
- Depreciation -€6,520
down €6,520 (-34.8%), from €18,711 to €12,191
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 | €609,305 | €681,670 | +€72,366 | +11.9% |
| Fixed assets | 21/28 | €340,247 | €241,260 | -€98,988 | -29.1% |
| Tangible fixed assets | 22/27 | €340,247 | €241,260 | -€98,988 | -29.1% |
| Land and buildings | 22 | €329,895 | €234,521 | -€95,374 | -28.9% |
| Plant, machinery and equipment | 23 | €2,709 | €1,645 | -€1,064 | -39.3% |
| Furniture and vehicles | 24 | €4,126 | €2,431 | -€1,695 | -41.1% |
| Other tangible fixed assets | 26 | €3,517 | €2,663 | -€854 | -24.3% |
| Current assets | 29/58 | €269,058 | €440,411 | +€171,353 | +63.7% |
| Amounts receivable within one year | 40/41 | €16,349 | €17,838 | +€1,489 | +9.1% |
| Trade receivables | 40 | €15,184 | €17,838 | +€2,654 | +17.5% |
| Other amounts receivable | 41 | €1,165 | - | -€1,165 | |
| Cash at bank and in hand | 54/58 | €250,022 | €419,948 | +€169,926 | +68.0% |
| Deferred charges and accrued income | 490/1 | €2,686 | €2,625 | -€62 | -2.3% |
| Total equity and liabilities | 10/49 | €609,305 | €681,670 | +€72,366 | +11.9% |
| Equity | 10/15 | €329,183 | €417,505 | +€88,322 | +26.8% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €313,200 | €401,500 | +€88,300 | +28.2% |
| Distributable reserves | 133 | €313,200 | €401,500 | +€88,300 | +28.2% |
| Profit (loss) carried forward | 14 | €1,483 | €1,505 | +€22 | +1.5% |
| Amounts payable | 17/49 | €280,122 | €264,165 | -€15,957 | -5.7% |
| Amounts payable after more than one year | 17 | €221,734 | €242,853 | +€21,119 | +9.5% |
| Financial debts | 170/4 | €221,734 | €242,853 | +€21,119 | +9.5% |
| Amounts payable within one year | 42/48 | €58,388 | €21,312 | -€37,075 | -63.5% |
| Current portion of amounts payable after more than one year | 42 | €9,758 | €9,881 | +€123 | +1.3% |
| Trade debts | 44 | €39,574 | €3,373 | -€36,201 | -91.5% |
| Suppliers | 440/4 | €39,574 | €3,373 | -€36,201 | -91.5% |
| Taxes, remuneration and social security | 45 | €5,790 | €4,421 | -€1,369 | -23.6% |
| Taxes | 450/3 | €5,790 | €4,421 | -€1,369 | -23.6% |
| Other amounts payable | 47/48 | €3,266 | €3,637 | +€371 | +11.4% |
| Non-recurring operating income | 76A | €26,867 | €145,764 | +€118,897 | +443% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,711 | €12,191 | -€6,520 | -34.8% |
| Other operating charges | 640/8 | €1,994 | €2,013 | +€19 | +1.0% |
| Non-recurring operating charges | 66A | - | €125 | +€125 | |
| Gross operating margin | 9900 | €83,683 | €208,723 | +€125,039 | +149% |
| Operating profit (loss) | 9901 | €62,979 | €194,394 | +€131,415 | +209% |
| Financial income | 75/76B | €4,105 | €4,137 | +€32 | +0.8% |
| Recurring financial income | 75 | €4,105 | €4,137 | +€32 | +0.8% |
| Financial charges | 65/66B | €3,207 | €4,871 | +€1,664 | +51.9% |
| Recurring financial charges | 65 | €3,207 | €4,871 | +€1,664 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €63,876 | €193,659 | +€129,784 | +203% |
| Income taxes | 67/77 | €17,509 | €57,737 | +€40,228 | +230% |
| Profit (loss) for the period | 9904 | €46,366 | €135,922 | +€89,556 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €46,366 | €135,922 | +€89,556 | +193% |
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.