NEMADECO: 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.
NEMADECO
Largest movements
- Stocks and contracts +€338,783
up €338,783 (+6.0%), from €5.6m to €5.9m
- Trade debts +€349,274
up €349,274 (+2221.8%), from €15,721 to €364,994
- Other debts +€125,000
up €125,000 (+16.0%), from €780,000 to €905,000
- Reserves -€115,986
down €115,986 (-3.7%), from €3.1m to €3.0m
of which Distributable reserves: -€115,986
- Gross operating margin -€43,842
down €43,842 (-82.9%), from €52,909 to €9,067
- Other operating charges +€10,659
up €10,659 (+75.8%), from €14,056 to €24,715
- Financial charges -€7,528
down €7,528 (-4.9%), from €154,616 to €147,088
- Financial income -€6,545
down €6,545 (-12.3%), from €53,295 to €46,750
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 | €6,722,730 | €7,119,034 | +€396,304 | +5.9% |
| Current assets | 29/58 | €6,722,730 | €7,119,034 | +€396,304 | +5.9% |
| Amounts receivable after more than one year | 29 | €1,040,524 | €1,087,274 | +€46,750 | +4.5% |
| Other amounts receivable | 291 | €1,040,524 | €1,087,274 | +€46,750 | +4.5% |
| Stocks and contracts in progress | 3 | €5,601,456 | €5,940,239 | +€338,783 | +6.0% |
| Stocks | 30/36 | €5,601,456 | €5,940,239 | +€338,783 | +6.0% |
| Amounts receivable within one year | 40/41 | €4,970 | €1,193 | -€3,777 | -76.0% |
| Other amounts receivable | 41 | €4,970 | €1,193 | -€3,777 | -76.0% |
| Cash at bank and in hand | 54/58 | €73,186 | €87,647 | +€14,461 | +19.8% |
| Deferred charges and accrued income | 490/1 | €2,594 | €2,681 | +€88 | +3.4% |
| Total equity and liabilities | 10/49 | €6,722,730 | €7,119,034 | +€396,304 | +5.9% |
| Equity | 10/15 | €3,323,094 | €3,207,108 | -€115,986 | -3.5% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €174,000 | €174,000 | = | 0.0% |
| Issued capital | 100 | €174,000 | €174,000 | = | 0.0% |
| Reserves | 13 | €3,149,094 | €3,033,108 | -€115,986 | -3.7% |
| Non-distributable reserves | 130/1 | €17,400 | €17,400 | = | 0.0% |
| Legal reserve | 130 | €17,400 | €17,400 | = | 0.0% |
| Distributable reserves | 133 | €3,131,694 | €3,015,708 | -€115,986 | -3.7% |
| Amounts payable | 17/49 | €3,399,636 | €3,911,926 | +€512,290 | +15.1% |
| Amounts payable after more than one year | 17 | €2,600,000 | €2,600,000 | = | 0.0% |
| Financial debts | 170/4 | €2,600,000 | €2,600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €795,721 | €1,269,994 | +€474,274 | +59.6% |
| Trade debts | 44 | €15,721 | €364,994 | +€349,274 | +2221.8% |
| Suppliers | 440/4 | €15,721 | €364,994 | +€349,274 | +2221.8% |
| Other amounts payable | 47/48 | €780,000 | €905,000 | +€125,000 | +16.0% |
| Accrued charges and deferred income | 492/3 | €3,915 | €41,931 | +€38,016 | +970.9% |
| Other operating charges | 640/8 | €14,056 | €24,715 | +€10,659 | +75.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €52,909 | €9,067 | -€43,842 | -82.9% |
| Operating profit (loss) | 9901 | €38,853 | -€15,648 | -€54,501 | |
| Financial income | 75/76B | €53,295 | €46,750 | -€6,545 | -12.3% |
| Recurring financial income | 75 | €53,295 | €46,750 | -€6,545 | -12.3% |
| Financial charges | 65/66B | €154,616 | €147,088 | -€7,528 | -4.9% |
| Recurring financial charges | 65 | €154,616 | €147,088 | -€7,528 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€62,468 | -€115,986 | -€53,518 | -85.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€62,468 | -€115,986 | -€53,518 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,468 | -€115,986 | -€53,518 | -85.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.