N.H.M.: what changed
What changed
N.H.M.
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€7,453
2024 · €17,905-€10,452
Equity
-€18,939
2024 · -€26,339+€7,401
Cash
€6,480
2024 · -+€6,480
Balance sheet total
€35,372
2024 · €45,640-€10,267
Largest movements
Assets
- Receivables within one year -€10,861
no longer reported in 2025 (was €10,861)
of which Trade receivables: -€8,867
- Cash +€6,480
new in 2025: €6,480
mainly Other debts (+€22,028) and Receivables within one year (+€10,861)
- Tangible fixed assets -€5,886
down €5,886 (-16.9%), from €34,779 to €28,893
Equity and liabilities
- Advances received -€26,477
no longer reported in 2025 (was €26,477)
- Other debts +€22,028
new in 2025: €22,028
- Accrued charges and deferred income -€16,373
no longer reported in 2025 (was €16,373)
- Trade debts +€7,798
up €7,798 (+99.3%), from €7,852 to €15,650
- Profit (loss) carried forward +€7,453
up €7,453 (+16.3%), from -€45,611 to -€38,158
Income statement
- Turnover +€96,288
new in 2025: €96,288
- Purchases and services +€84,425
new in 2025: €84,425
- Depreciation +€7,328
up €7,328 (+797%), from €919 to €8,247
- Taxes +€4,454
up €4,454 (+44,589%), from €10 to €4,464
- Gross operating margin +€1,714
up €1,714 (+7.9%), from €21,794 to €23,508
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,905
Gross operating margin
+€1,714
Depreciation
-€7,328
Other operating charges
+€3
Financial income
+€8
Financial charges
-€395
Taxes
-€4,454
Result 2025
€7,453
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€17,538
Investment
-€2,361
Financing
-€8,697
Cash 2024
€0
From operations (derived)
+€17,538
Net result for the year
+€7,453
Depreciation
+€8,247
Receivables within one year
+€10,861
Trade debts
+€7,798
Tax, wage and social debts
+€4,000
Advances received
-€26,477
Other debts
+€22,028
Accrued charges and deferred income
-€16,373
Investment (derived)
-€2,361
Investment in fixed assets (net)
-€2,361
Financing
-€8,697
Debts after one year
-€1,576
Current portion of long-term debt
-€910
Short-term financial debts
-€6,160
Contributions, distributions and other
-€52
Cash 2025
€6,480
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,640 | €35,372 | -€10,267 | -22.5% |
| Fixed assets | 21/28 | €34,779 | €28,893 | -€5,886 | -16.9% |
| Tangible fixed assets | 22/27 | €34,779 | €28,893 | -€5,886 | -16.9% |
| Furniture and vehicles | 24 | €34,779 | €28,893 | -€5,886 | -16.9% |
| Current assets | 29/58 | €10,861 | €6,480 | -€4,381 | -40.3% |
| Amounts receivable within one year | 40/41 | €10,861 | - | -€10,861 | |
| Trade receivables | 40 | €8,867 | - | -€8,867 | |
| Other amounts receivable | 41 | €1,994 | - | -€1,994 | |
| Cash at bank and in hand | 54/58 | - | €6,480 | +€6,480 | |
| Total equity and liabilities | 10/49 | €45,640 | €35,372 | -€10,267 | -22.5% |
| Equity | 10/15 | -€26,339 | -€18,939 | +€7,401 | +28.1% |
| Contributions | 10/11 | €18,652 | €19,220 | +€568 | +3.0% |
| Capital | 10 | €18,652 | - | -€18,652 | |
| Issued capital | 100 | €18,652 | - | -€18,652 | |
| Contributions outside capital | 11 | - | €19,220 | +€19,220 | |
| Share premium | 1100/10 | - | €19,220 | +€19,220 | |
| Reserves | 13 | €620 | - | -€620 | |
| Non-distributable reserves | 130/1 | €620 | - | -€620 | |
| Legal reserve | 130 | €620 | - | -€620 | |
| Profit (loss) carried forward | 14 | -€45,611 | -€38,158 | +€7,453 | +16.3% |
| Amounts payable | 17/49 | €71,979 | €54,311 | -€17,668 | -24.5% |
| Amounts payable after more than one year | 17 | €11,250 | €9,674 | -€1,576 | -14.0% |
| Financial debts | 170/4 | €11,250 | €9,674 | -€1,576 | -14.0% |
| Amounts payable within one year | 42/48 | €44,357 | €44,637 | +€281 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €3,750 | €2,840 | -€910 | -24.3% |
| Financial debts | 43 | €6,160 | - | -€6,160 | |
| Credit institutions | 430/8 | €6,160 | - | -€6,160 | |
| Trade debts | 44 | €7,852 | €15,650 | +€7,798 | +99.3% |
| Suppliers | 440/4 | €7,852 | €15,650 | +€7,798 | +99.3% |
| Advances received on contracts in progress | 46 | €26,477 | - | -€26,477 | |
| Taxes, remuneration and social security | 45 | €119 | €4,119 | +€4,000 | +3,367% |
| Taxes | 450/3 | €119 | €4,119 | +€4,000 | +3,367% |
| Other amounts payable | 47/48 | - | €22,028 | +€22,028 | |
| Accrued charges and deferred income | 492/3 | €16,373 | - | -€16,373 | |
| Turnover | 70 | - | €96,288 | +€96,288 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €84,425 | +€84,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €8,247 | +€7,328 | +797% |
| Other operating charges | 640/8 | €1,134 | €1,132 | -€3 | -0.2% |
| Gross operating margin | 9900 | €21,794 | €23,508 | +€1,714 | +7.9% |
| Operating profit (loss) | 9901 | €19,741 | €14,130 | -€5,611 | -28.4% |
| Financial income | 75/76B | €1 | €9 | +€8 | +1,400% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +1,400% |
| Financial charges | 65/66B | €1,826 | €2,221 | +€395 | +21.6% |
| Recurring financial charges | 65 | €1,826 | €2,221 | +€395 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €17,915 | €11,917 | -€5,998 | -33.5% |
| Income taxes | 67/77 | €10 | €4,464 | +€4,454 | +44,589% |
| Profit (loss) for the period | 9904 | €17,905 | €7,453 | -€10,452 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,905 | €7,453 | -€10,452 | -58.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.