Ask NM: 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.
Ask NM
Largest movements
- Receivables within one year -€6,866
down €6,866 (-91.4%), from €7,515 to €648
of which Trade receivables: -€6,230
- Cash -€3,917
down €3,917 (-16.5%), from €23,781 to €19,865
mainly Other debts (-€11,751) and Trade debts (-€6,009)
- Intangible fixed assets -€600
down €600 (-10.9%), from €5,500 to €4,900
- Other debts -€11,751
down €11,751 (-48.0%), from €24,491 to €12,740
- Trade debts -€6,009
down €6,009 (-91.0%), from €6,601 to €593
- Reserves +€5,300
up €5,300 (+161%), from €3,300 to €8,600
- Tax, wage and social debts +€1,961
up €1,961 (+156%), from €1,261 to €3,222
- Advances received -€1,203
no longer reported in 2025 (was €1,203)
- Gross operating margin +€2,827
up €2,827 (+41.3%), from €6,846 to €9,673
- Taxes +€700
up €700 (+55.5%), from €1,261 to €1,961
- Financial charges +€255
up €255 (+212%), from €120 to €376
- Depreciation -€192
down €192 (-16.2%), from €1,181 to €989
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 | €40,007 | €28,235 | -€11,772 | -29.4% |
| Fixed assets | 21/28 | €8,711 | €7,722 | -€989 | -11.4% |
| Intangible fixed assets | 21 | €5,500 | €4,900 | -€600 | -10.9% |
| Tangible fixed assets | 22/27 | €3,211 | €2,822 | -€389 | -12.1% |
| Other tangible fixed assets | 26 | €3,211 | €2,822 | -€389 | -12.1% |
| Current assets | 29/58 | €31,296 | €20,513 | -€10,783 | -34.5% |
| Amounts receivable within one year | 40/41 | €7,515 | €648 | -€6,866 | -91.4% |
| Trade receivables | 40 | €6,230 | - | -€6,230 | |
| Other amounts receivable | 41 | €1,285 | €648 | -€637 | -49.5% |
| Cash at bank and in hand | 54/58 | €23,781 | €19,865 | -€3,917 | -16.5% |
| Total equity and liabilities | 10/49 | €40,007 | €28,235 | -€11,772 | -29.4% |
| Equity | 10/15 | €6,310 | €11,680 | +€5,370 | +85.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,300 | €8,600 | +€5,300 | +161% |
| Distributable reserves | 133 | €3,300 | €8,600 | +€5,300 | +161% |
| Profit (loss) carried forward | 14 | €10 | €80 | +€70 | +689% |
| Amounts payable | 17/49 | €33,697 | €16,555 | -€17,142 | -50.9% |
| Amounts payable within one year | 42/48 | €33,557 | €16,555 | -€17,001 | -50.7% |
| Trade debts | 44 | €6,601 | €593 | -€6,009 | -91.0% |
| Suppliers | 440/4 | €6,601 | €593 | -€6,009 | -91.0% |
| Advances received on contracts in progress | 46 | €1,203 | - | -€1,203 | |
| Taxes, remuneration and social security | 45 | €1,261 | €3,222 | +€1,961 | +156% |
| Taxes | 450/3 | €1,261 | €3,222 | +€1,961 | +156% |
| Other amounts payable | 47/48 | €24,491 | €12,740 | -€11,751 | -48.0% |
| Accrued charges and deferred income | 492/3 | €141 | - | -€141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,181 | €989 | -€192 | -16.2% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €6,846 | €9,673 | +€2,827 | +41.3% |
| Operating profit (loss) | 9901 | €5,524 | €8,540 | +€3,015 | +54.6% |
| Financial charges | 65/66B | €120 | €376 | +€255 | +212% |
| Recurring financial charges | 65 | €120 | €376 | +€255 | +212% |
| Profit (loss) for the period before taxes | 9903 | €5,404 | €8,164 | +€2,760 | +51.1% |
| Income taxes | 67/77 | €1,261 | €1,961 | +€700 | +55.5% |
| Profit (loss) for the period | 9904 | €4,143 | €6,203 | +€2,059 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,143 | €6,203 | +€2,059 | +49.7% |
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 20 October 2026 via checked.be.