NEM-O: 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.
NEM-O
Largest movements
- Cash +€554
up €554 (+6.4%), from €8,635 to €9,189
mainly Depreciation (+€415) and Trade debts (+€275)
- Tangible fixed assets -€415
down €415 (-18.8%), from €2,210 to €1,795
of which Plant, machinery and equipment: -€240
- Receivables within one year -€187
down €187 (-11.4%), from €1,636 to €1,449
- Other debts -€358
down €358 (-17.1%), from €2,093 to €1,735
- Trade debts +€275
up €275 (+36.2%), from €759 to €1,033
- Gross operating margin +€37
up €37 (+6.6%), from €559 to €596
- Taxes +€35
up €35 (+120%), from €30 to €65
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 | €14,881 | €14,833 | -€48 | -0.3% |
| Fixed assets | 21/28 | €4,610 | €4,195 | -€415 | -9.0% |
| Tangible fixed assets | 22/27 | €2,210 | €1,795 | -€415 | -18.8% |
| Plant, machinery and equipment | 23 | €700 | €460 | -€240 | -34.3% |
| Furniture and vehicles | 24 | €1,510 | €1,335 | -€175 | -11.6% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €10,271 | €10,638 | +€367 | +3.6% |
| Amounts receivable within one year | 40/41 | €1,636 | €1,449 | -€187 | -11.4% |
| Trade receivables | 40 | €1,636 | €1,449 | -€187 | -11.4% |
| Cash at bank and in hand | 54/58 | €8,635 | €9,189 | +€554 | +6.4% |
| Total equity and liabilities | 10/49 | €14,881 | €14,833 | -€48 | -0.3% |
| Equity | 10/15 | €12,000 | €12,000 | = | 0.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,881 | €2,833 | -€48 | -1.7% |
| Amounts payable within one year | 42/48 | €2,881 | €2,833 | -€48 | -1.7% |
| Trade debts | 44 | €759 | €1,033 | +€275 | +36.2% |
| Suppliers | 440/4 | €759 | €1,033 | +€275 | +36.2% |
| Taxes, remuneration and social security | 45 | €30 | €65 | +€35 | +120% |
| Taxes | 450/3 | €30 | €65 | +€35 | +120% |
| Other amounts payable | 47/48 | €2,093 | €1,735 | -€358 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | €415 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €559 | €596 | +€37 | +6.6% |
| Operating profit (loss) | 9901 | €82 | €119 | +€37 | +44.9% |
| Financial charges | 65/66B | €53 | €54 | +€1 | +2.8% |
| Recurring financial charges | 65 | €53 | €54 | +€1 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €30 | €65 | +€35 | +120% |
| Income taxes | 67/77 | €30 | €65 | +€35 | +120% |
| Profit (loss) for the period | 9904 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €0 | = |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.