N.M.S.: 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.S.
Largest movements
- Stocks and contracts -€6,887
down €6,887 (-7.8%), from €87,747 to €80,860
- Cash -€5,542
down €5,542 (-47.8%), from €11,591 to €6,049
mainly Debts after one year (-€4,308) and Receivables within one year (-€3,526)
- Tangible fixed assets -€3,939
down €3,939 (-8.8%), from €44,657 to €40,718
of which Plant, machinery and equipment: -€3,249
- Receivables within one year +€3,526
up €3,526 (+9.7%), from €36,254 to €39,780
of which Trade receivables: +€3,526
- Debts after one year -€4,308
down €4,308 (-14.5%), from €29,672 to €25,364
- Trade debts -€3,362
down €3,362 (-12.1%), from €27,717 to €24,355
- Short-term financial debts -€3,338
down €3,338 (-12.6%), from €26,539 to €23,201
- Tax, wage and social debts -€2,741
down €2,741 (-39.4%), from €6,949 to €4,208
- Gross operating margin -€8,016
down €8,016 (-28.9%), from €27,775 to €19,759
- Staff costs -€2,314
down €2,314 (-46.3%), from €4,997 to €2,683
- Financial charges -€1,571
down €1,571 (-22.7%), from €6,928 to €5,357
- Taxes -€1,295
down €1,295 (-49.6%), from €2,609 to €1,314
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 | €183,460 | €169,712 | -€13,748 | -7.5% |
| Fixed assets | 21/28 | €44,736 | €40,797 | -€3,939 | -8.8% |
| Tangible fixed assets | 22/27 | €44,657 | €40,718 | -€3,939 | -8.8% |
| Land and buildings | 22 | €19,782 | €19,782 | = | 0.0% |
| Plant, machinery and equipment | 23 | €20,050 | €16,801 | -€3,249 | -16.2% |
| Furniture and vehicles | 24 | €4,825 | €4,135 | -€690 | -14.3% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €138,724 | €128,915 | -€9,809 | -7.1% |
| Stocks and contracts in progress | 3 | €87,747 | €80,860 | -€6,887 | -7.8% |
| Stocks | 30/36 | €87,747 | €80,860 | -€6,887 | -7.8% |
| Amounts receivable within one year | 40/41 | €36,254 | €39,780 | +€3,526 | +9.7% |
| Trade receivables | 40 | €28,239 | €31,765 | +€3,526 | +12.5% |
| Other amounts receivable | 41 | €8,015 | €8,015 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,591 | €6,049 | -€5,542 | -47.8% |
| Deferred charges and accrued income | 490/1 | €3,132 | €2,226 | -€906 | -28.9% |
| Total equity and liabilities | 10/49 | €183,460 | €169,712 | -€13,748 | -7.5% |
| Equity | 10/15 | €92,381 | €92,382 | +€1 | 0.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €27,500 | €27,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €700 | €700 | = | 0.0% |
| Legal reserve | 130 | €700 | €700 | = | 0.0% |
| Distributable reserves | 133 | €26,800 | €26,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,908 | €2,909 | +€1 | 0.0% |
| Amounts payable | 17/49 | €91,079 | €77,330 | -€13,749 | -15.1% |
| Amounts payable after more than one year | 17 | €29,672 | €25,364 | -€4,308 | -14.5% |
| Financial debts | 170/4 | €29,672 | €25,364 | -€4,308 | -14.5% |
| Amounts payable within one year | 42/48 | €61,205 | €51,764 | -€9,441 | -15.4% |
| Financial debts | 43 | €26,539 | €23,201 | -€3,338 | -12.6% |
| Credit institutions | 430/8 | €26,539 | €23,201 | -€3,338 | -12.6% |
| Trade debts | 44 | €27,717 | €24,355 | -€3,362 | -12.1% |
| Suppliers | 440/4 | €27,717 | €24,355 | -€3,362 | -12.1% |
| Taxes, remuneration and social security | 45 | €6,949 | €4,208 | -€2,741 | -39.4% |
| Taxes | 450/3 | €6,949 | €4,208 | -€2,741 | -39.4% |
| Accrued charges and deferred income | 492/3 | €202 | €202 | = | 0.0% |
| Non-recurring operating income | 76A | €553 | €2,480 | +€1,927 | +348% |
| Remuneration, social security and pensions | 62 | €4,997 | €2,683 | -€2,314 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,703 | €5,792 | +€89 | +1.6% |
| Other operating charges | 640/8 | €4,651 | €4,612 | -€39 | -0.8% |
| Gross operating margin | 9900 | €27,775 | €19,759 | -€8,016 | -28.9% |
| Operating profit (loss) | 9901 | €12,424 | €6,672 | -€5,752 | -46.3% |
| Financial charges | 65/66B | €6,928 | €5,357 | -€1,571 | -22.7% |
| Recurring financial charges | 65 | €6,928 | €5,357 | -€1,571 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €5,496 | €1,315 | -€4,181 | -76.1% |
| Income taxes | 67/77 | €2,609 | €1,314 | -€1,295 | -49.6% |
| Profit (loss) for the period | 9904 | €2,887 | €1 | -€2,886 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,887 | €1 | -€2,886 | -100.0% |
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 19 October 2026 via checked.be.