NEMA: 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.
NEMA
Largest movements
- Cash +€56,935
up €56,935 (+20.2%), from €282,104 to €339,039
mainly Net result for the year (+€43,205) and Other debts (+€21,041)
- Reserves +€43,205
up €43,205 (+12.9%), from €334,648 to €377,853
of which Distributable reserves: +€43,205
- Other debts +€21,041
up €21,041 (+3.0%), from €691,991 to €713,033
- Gross operating margin -€8,277
down €8,277 (-7.2%), from €115,415 to €107,138
- Taxes -€1,954
down €1,954 (-11.6%), from €16,804 to €14,849
- Other operating charges +€1,473
up €1,473 (+10.6%), from €13,933 to €15,407
- Financial charges -€1,211
down €1,211 (-5.4%), from €22,322 to €21,111
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.
Cash bridge derived
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 | €1,071,685 | €1,125,198 | +€53,513 | +5.0% |
| Fixed assets | 21/28 | €690,713 | €686,420 | -€4,292 | -0.6% |
| Tangible fixed assets | 22/27 | €690,713 | €686,420 | -€4,292 | -0.6% |
| Land and buildings | 22 | €690,713 | €686,420 | -€4,292 | -0.6% |
| Current assets | 29/58 | €380,972 | €438,778 | +€57,806 | +15.2% |
| Stocks and contracts in progress | 3 | €86,931 | €86,931 | = | 0.0% |
| Stocks | 30/36 | €86,931 | €86,931 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,055 | €4,194 | -€6,861 | -62.1% |
| Trade receivables | 40 | €8,582 | €1,544 | -€7,039 | -82.0% |
| Other amounts receivable | 41 | €2,473 | €2,651 | +€178 | +7.2% |
| Cash at bank and in hand | 54/58 | €282,104 | €339,039 | +€56,935 | +20.2% |
| Deferred charges and accrued income | 490/1 | €882 | €8,613 | +€7,731 | +876.3% |
| Total equity and liabilities | 10/49 | €1,071,685 | €1,125,198 | +€53,513 | +5.0% |
| Equity | 10/15 | €354,154 | €397,360 | +€43,205 | +12.2% |
| Contributions | 10/11 | €19,506 | €19,506 | = | 0.0% |
| Reserves | 13 | €334,648 | €377,853 | +€43,205 | +12.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €334,648 | €377,853 | +€43,205 | +12.9% |
| Amounts payable | 17/49 | €717,530 | €727,839 | +€10,308 | +1.4% |
| Amounts payable within one year | 42/48 | €706,868 | €714,059 | +€7,191 | +1.0% |
| Trade debts | 44 | €9,073 | €1,026 | -€8,047 | -88.7% |
| Suppliers | 440/4 | €9,073 | €1,026 | -€8,047 | -88.7% |
| Taxes, remuneration and social security | 45 | €5,804 | €0 | -€5,804 | -100.0% |
| Taxes | 450/3 | €5,804 | €0 | -€5,804 | -100.0% |
| Other amounts payable | 47/48 | €691,991 | €713,033 | +€21,041 | +3.0% |
| Accrued charges and deferred income | 492/3 | €10,663 | €13,780 | +€3,117 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,899 | €14,225 | +€326 | +2.3% |
| Other operating charges | 640/8 | €13,933 | €15,407 | +€1,473 | +10.6% |
| Gross operating margin | 9900 | €115,415 | €107,138 | -€8,277 | -7.2% |
| Operating profit (loss) | 9901 | €87,584 | €77,507 | -€10,077 | -11.5% |
| Financial income | 75/76B | €561 | €1,659 | +€1,098 | +195.6% |
| Recurring financial income | 75 | €561 | €1,659 | +€1,098 | +195.6% |
| Financial charges | 65/66B | €22,322 | €21,111 | -€1,211 | -5.4% |
| Recurring financial charges | 65 | €22,322 | €21,111 | -€1,211 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €65,823 | €58,055 | -€7,768 | -11.8% |
| Income taxes | 67/77 | €16,804 | €14,849 | -€1,954 | -11.6% |
| Profit (loss) for the period | 9904 | €49,019 | €43,205 | -€5,814 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,019 | €43,205 | -€5,814 | -11.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.