N&M: what changed
Two fiscal 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.
N&M
Largest movements
- Receivables within one year -€10,489
down €10,489 (-59.0%), from €17,776 to €7,288
of which Trade receivables: -€10,491
- Intangible fixed assets -€2,000
down €2,000 (-36.0%), from €5,551 to €3,551
- Tangible fixed assets -€1,067
down €1,067 (-5.8%), from €18,528 to €17,461
of which Furniture and vehicles: -€1,101
- Deferred charges and accrued income +€930
up €930 (+101.6%), from €915 to €1,844
- Cash +€925
up €925 (+6.7%), from €13,758 to €14,683
mainly Receivables within one year (+€10,489) and Depreciation (+€8,614)
- Tax, wage and social debts -€4,876
down €4,876 (-11.5%), from €42,277 to €37,400
of which Taxes: -€3,806
- Current portion of long-term debt -€4,524
no longer reported in 2024 (was €4,524)
- Trade debts +€4,343
up €4,343 (+115.0%), from €3,775 to €8,118
- Other debts -€4,272
down €4,272 (-84.3%), from €5,065 to €794
- Profit (loss) carried forward -€2,372
down €2,372 (-213.1%), from -€1,113 to -€3,485
- Gross operating margin +€20,833
up €20,833 (+28.5%), from €73,159 to €93,992
- Staff costs +€8,107
up €8,107 (+11.0%), from €73,637 to €81,744
- Depreciation +€4,764
up €4,764 (+123.7%), from €3,850 to €8,614
- Other operating charges +€1,264
up €1,264 (+83.6%), from €1,512 to €2,776
- Taxes +€1,224
up €1,224 (+205.5%), from €596 to €1,819
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,528 | €44,827 | -€11,701 | -20.7% |
| Fixed assets | 21/28 | €24,079 | €21,012 | -€3,067 | -12.7% |
| Intangible fixed assets | 21 | €5,551 | €3,551 | -€2,000 | -36.0% |
| Tangible fixed assets | 22/27 | €18,528 | €17,461 | -€1,067 | -5.8% |
| Land and buildings | 22 | €1,748 | €1,657 | -€91 | -5.2% |
| Plant, machinery and equipment | 23 | €2,931 | €3,056 | +€126 | +4.3% |
| Furniture and vehicles | 24 | €13,849 | €12,748 | -€1,101 | -8.0% |
| Current assets | 29/58 | €32,449 | €23,815 | -€8,634 | -26.6% |
| Amounts receivable within one year | 40/41 | €17,776 | €7,288 | -€10,489 | -59.0% |
| Trade receivables | 40 | €17,660 | €7,169 | -€10,491 | -59.4% |
| Other amounts receivable | 41 | €116 | €119 | +€2 | +2.0% |
| Cash at bank and in hand | 54/58 | €13,758 | €14,683 | +€925 | +6.7% |
| Deferred charges and accrued income | 490/1 | €915 | €1,844 | +€930 | +101.6% |
| Total equity and liabilities | 10/49 | €56,528 | €44,827 | -€11,701 | -20.7% |
| Equity | 10/15 | €887 | -€1,485 | -€2,372 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,113 | -€3,485 | -€2,372 | -213.1% |
| Amounts payable | 17/49 | €55,641 | €46,312 | -€9,329 | -16.8% |
| Amounts payable within one year | 42/48 | €55,641 | €46,312 | -€9,329 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €4,524 | - | -€4,524 | |
| Trade debts | 44 | €3,775 | €8,118 | +€4,343 | +115.0% |
| Suppliers | 440/4 | €3,775 | €8,118 | +€4,343 | +115.0% |
| Taxes, remuneration and social security | 45 | €42,277 | €37,400 | -€4,876 | -11.5% |
| Taxes | 450/3 | €23,725 | €19,919 | -€3,806 | -16.0% |
| Remuneration and social security | 454/9 | €18,552 | €17,482 | -€1,070 | -5.8% |
| Other amounts payable | 47/48 | €5,065 | €794 | -€4,272 | -84.3% |
| Remuneration, social security and pensions | 62 | €73,637 | €81,744 | +€8,107 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,850 | €8,614 | +€4,764 | +123.7% |
| Other operating charges | 640/8 | €1,512 | €2,776 | +€1,264 | +83.6% |
| Gross operating margin | 9900 | €73,159 | €93,992 | +€20,833 | +28.5% |
| Operating profit (loss) | 9901 | -€5,840 | €858 | +€6,698 | |
| Financial income | 75/76B | €19 | €10 | -€9 | -49.2% |
| Recurring financial income | 75 | €19 | €10 | -€9 | -49.2% |
| Financial charges | 65/66B | €993 | €1,420 | +€427 | +43.0% |
| Recurring financial charges | 65 | €993 | €1,420 | +€427 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,814 | -€553 | +€6,262 | +91.9% |
| Income taxes | 67/77 | €596 | €1,819 | +€1,224 | +205.5% |
| Profit (loss) for the period | 9904 | -€7,410 | -€2,372 | +€5,038 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,410 | -€2,372 | +€5,038 | +68.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.