N.M.I.: 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.
N.M.I.
Largest movements
- Cash -€156,900
down €156,900 (-81.7%), from €192,159 to €35,258
mainly Contributions, distributions and other (-€214,950) and Current investments (-€90,000)
- Current investments +€90,000
new in 2025: €90,000
- Tangible fixed assets -€12,640
down €12,640 (-2.2%), from €564,521 to €551,881
of which Land and buildings: -€27,595
- Reserves -€195,450
down €195,450 (-27.0%), from €725,176 to €529,726
of which Distributable reserves: -€193,590
- Other debts +€175,950
up €175,950 (+451%), from €39,000 to €214,950
- Trade debts -€35,191
down €35,191 (-34.0%), from €103,533 to €68,342
- Tax, wage and social debts -€12,821
down €12,821 (-58.3%), from €21,983 to €9,162
of which Taxes: -€9,843
- Gross operating margin -€91,478
down €91,478 (-50.3%), from €181,715 to €90,237
- Taxes -€35,057
down €35,057 (-79.1%), from €44,336 to €9,279
- Other operating charges +€5,794
up €5,794 (+213%), from €2,719 to €8,514
- Depreciation +€5,008
up €5,008 (+11.9%), from €42,250 to €47,258
- Financial charges +€1,978
up €1,978 (+46.5%), from €4,254 to €6,232
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 | €1,073,217 | €1,005,619 | -€67,598 | -6.3% |
| Fixed assets | 21/28 | €572,097 | €559,459 | -€12,638 | -2.2% |
| Tangible fixed assets | 22/27 | €564,521 | €551,881 | -€12,640 | -2.2% |
| Land and buildings | 22 | €500,947 | €473,352 | -€27,595 | -5.5% |
| Plant, machinery and equipment | 23 | €53,494 | €44,109 | -€9,385 | -17.5% |
| Furniture and vehicles | 24 | €10,080 | €34,420 | +€24,340 | +241% |
| Financial fixed assets | 28 | €7,576 | €7,578 | +€2 | 0.0% |
| Current assets | 29/58 | €501,120 | €446,161 | -€54,960 | -11.0% |
| Amounts receivable within one year | 40/41 | €308,962 | €317,249 | +€8,288 | +2.7% |
| Trade receivables | 40 | €166,224 | €142,755 | -€23,469 | -14.1% |
| Other amounts receivable | 41 | €142,737 | €174,494 | +€31,757 | +22.2% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €192,159 | €35,258 | -€156,900 | -81.7% |
| Deferred charges and accrued income | 490/1 | - | €3,653 | +€3,653 | |
| Total equity and liabilities | 10/49 | €1,073,217 | €1,005,619 | -€67,598 | -6.3% |
| Equity | 10/15 | €895,830 | €701,361 | -€194,469 | -21.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €725,176 | €529,726 | -€195,450 | -27.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €37,916 | €37,916 | = | 0.0% |
| Distributable reserves | 133 | €685,400 | €491,810 | -€193,590 | -28.2% |
| Profit (loss) carried forward | 14 | €164,454 | €165,435 | +€981 | +0.6% |
| Amounts payable | 17/49 | €177,387 | €304,259 | +€126,872 | +71.5% |
| Amounts payable within one year | 42/48 | €177,387 | €304,259 | +€126,872 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €12,871 | €11,805 | -€1,066 | -8.3% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €103,533 | €68,342 | -€35,191 | -34.0% |
| Suppliers | 440/4 | €103,533 | €68,342 | -€35,191 | -34.0% |
| Taxes, remuneration and social security | 45 | €21,983 | €9,162 | -€12,821 | -58.3% |
| Taxes | 450/3 | €19,005 | €9,162 | -€9,843 | -51.8% |
| Remuneration and social security | 454/9 | €2,978 | €0 | -€2,978 | -100% |
| Other amounts payable | 47/48 | €39,000 | €214,950 | +€175,950 | +451% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,250 | €47,258 | +€5,008 | +11.9% |
| Other operating charges | 640/8 | €2,719 | €8,514 | +€5,794 | +213% |
| Gross operating margin | 9900 | €181,715 | €90,237 | -€91,478 | -50.3% |
| Operating profit (loss) | 9901 | €136,746 | €34,466 | -€102,280 | -74.8% |
| Financial income | 75/76B | €849 | €1,525 | +€677 | +79.7% |
| Recurring financial income | 75 | €849 | €1,525 | +€677 | +79.7% |
| Financial charges | 65/66B | €4,254 | €6,232 | +€1,978 | +46.5% |
| Recurring financial charges | 65 | €4,254 | €6,232 | +€1,978 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €133,341 | €29,759 | -€103,582 | -77.7% |
| Income taxes | 67/77 | €44,336 | €9,279 | -€35,057 | -79.1% |
| Profit (loss) for the period | 9904 | €89,005 | €20,481 | -€68,524 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,005 | €20,481 | -€68,524 | -77.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.