N.H.M.A EXPRESS: what changed
N.H.M.A EXPRESS
Largest movements
- Cash +€87,493
up €87,493 (+190%), from €46,111 to €133,604
mainly Trade debts (+€20,106) and Stocks and contracts (+€17,881)
- Tangible fixed assets -€18,704
down €18,704 (-54.0%), from €34,635 to €15,931
of which Furniture and vehicles: -€18,326
- Stocks and contracts -€17,881
down €17,881 (-23.1%), from €77,327 to €59,446
- Receivables after one year -€9,963
down €9,963 (-48.9%), from €20,358 to €10,395
- Receivables within one year +€4,833
up €4,833 (+41.5%), from €11,644 to €16,477
of which Trade receivables: +€16,319
- Trade debts +€20,106
up €20,106 (+14.9%), from €135,188 to €155,295
- Tax, wage and social debts +€16,806
up €16,806 (+530%), from €3,171 to €19,977
of which Taxes: +€16,747
- Profit (loss) carried forward +€15,634
up €15,634 (+82.7%), from €18,896 to €34,530
- Debts after one year -€6,167
down €6,167 (-62.2%), from €9,918 to €3,751
- Financial charges -€19,243
down €19,243 (-61.7%), from €31,205 to €11,962
of which Non-recurring financial charges: -€22,758
- Staff costs -€11,504
down €11,504 (-25.2%), from €45,599 to €34,096
- Taxes +€5,892
up €5,892 (+2,628%), from €224 to €6,116
- Gross operating margin -€4,188
down €4,188 (-4.9%), from €84,896 to €80,708
- Depreciation -€1,947
down €1,947 (-23.3%), from €8,373 to €6,425
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,326 | €239,020 | +€46,694 | +24.3% |
| Fixed assets | 21/28 | €34,635 | €15,931 | -€18,704 | -54.0% |
| Tangible fixed assets | 22/27 | €34,635 | €15,931 | -€18,704 | -54.0% |
| Plant, machinery and equipment | 23 | €15,997 | €15,619 | -€378 | -2.4% |
| Furniture and vehicles | 24 | €18,637 | €312 | -€18,326 | -98.3% |
| Current assets | 29/58 | €157,692 | €223,089 | +€65,397 | +41.5% |
| Amounts receivable after more than one year | 29 | €20,358 | €10,395 | -€9,963 | -48.9% |
| Other amounts receivable | 291 | €20,358 | €10,395 | -€9,963 | -48.9% |
| Stocks and contracts in progress | 3 | €77,327 | €59,446 | -€17,881 | -23.1% |
| Stocks | 30/36 | €77,327 | €59,446 | -€17,881 | -23.1% |
| Amounts receivable within one year | 40/41 | €11,644 | €16,477 | +€4,833 | +41.5% |
| Trade receivables | 40 | €158 | €16,477 | +€16,319 | +10,326% |
| Other amounts receivable | 41 | €11,486 | - | -€11,486 | |
| Cash at bank and in hand | 54/58 | €46,111 | €133,604 | +€87,493 | +190% |
| Deferred charges and accrued income | 490/1 | €2,251 | €3,167 | +€916 | +40.7% |
| Total equity and liabilities | 10/49 | €192,326 | €239,020 | +€46,694 | +24.3% |
| Equity | 10/15 | €38,196 | €53,830 | +€15,634 | +40.9% |
| Contributions | 10/11 | €19,300 | €19,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,896 | €34,530 | +€15,634 | +82.7% |
| Amounts payable | 17/49 | €154,130 | €185,190 | +€31,060 | +20.2% |
| Amounts payable after more than one year | 17 | €9,918 | €3,751 | -€6,167 | -62.2% |
| Financial debts | 170/4 | €9,918 | €3,751 | -€6,167 | -62.2% |
| Amounts payable within one year | 42/48 | €144,212 | €181,439 | +€37,227 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €5,853 | €6,167 | +€314 | +5.4% |
| Trade debts | 44 | €135,188 | €155,295 | +€20,106 | +14.9% |
| Suppliers | 440/4 | €135,188 | €155,295 | +€20,106 | +14.9% |
| Taxes, remuneration and social security | 45 | €3,171 | €19,977 | +€16,806 | +530% |
| Taxes | 450/3 | €224 | €16,971 | +€16,747 | +7,471% |
| Remuneration and social security | 454/9 | €2,947 | €3,006 | +€59 | +2.0% |
| Non-recurring operating income | 76A | - | €869 | +€869 | |
| Remuneration, social security and pensions | 62 | €45,599 | €34,096 | -€11,504 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,373 | €6,425 | -€1,947 | -23.3% |
| Other operating charges | 640/8 | €5,393 | €6,678 | +€1,285 | +23.8% |
| Gross operating margin | 9900 | €84,896 | €80,708 | -€4,188 | -4.9% |
| Operating profit (loss) | 9901 | €25,531 | €33,509 | +€7,978 | +31.2% |
| Financial income | 75/76B | €293 | €203 | -€91 | -30.9% |
| Recurring financial income | 75 | €293 | €203 | -€91 | -30.9% |
| Financial charges | 65/66B | €31,205 | €11,962 | -€19,243 | -61.7% |
| Recurring financial charges | 65 | €8,447 | €11,962 | +€3,515 | +41.6% |
| Non-recurring financial charges | 66B | €22,758 | - | -€22,758 | |
| Profit (loss) for the period before taxes | 9903 | -€5,381 | €21,750 | +€27,130 | |
| Income taxes | 67/77 | €224 | €6,116 | +€5,892 | +2,628% |
| Profit (loss) for the period | 9904 | -€5,605 | €15,634 | +€21,238 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,605 | €15,634 | +€21,238 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.