NEMAND: 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.
NEMAND
Largest movements
- Receivables after one year -€73,099
no longer reported in 2025 (was €73,099)
- Cash +€60,002
up €60,002 (+57.3%), from €104,755 to €164,757
mainly Receivables after one year (+€73,099) and Net result for the year (+€63,849)
- Receivables within one year -€5,966
down €5,966 (-12.5%), from €47,808 to €41,842
of which Trade receivables: -€6,035
- Deferred charges and accrued income -€5,655
down €5,655 (-93.1%), from €6,074 to €419
- Tangible fixed assets -€3,720
down €3,720 (-37.4%), from €9,959 to €6,239
of which Furniture and vehicles: -€3,240
- Other debts -€59,315
down €59,315 (-93.2%), from €63,629 to €4,314
- Profit (loss) carried forward +€38,849
new in 2025: €38,849
- Debts after one year -€3,512
down €3,512 (-37.2%), from €9,436 to €5,923
- Tax, wage and social debts -€3,409
down €3,409 (-11.0%), from €30,893 to €27,484
of which Remuneration and social security: -€3,294
- Staff costs -€14,309
down €14,309 (-10.5%), from €135,660 to €121,351
- Gross operating margin -€10,316
down €10,316 (-4.6%), from €224,247 to €213,931
- Financial income -€4,958
down €4,958 (-98.9%), from €5,016 to €57
of which Financial income: -€4,952
- Financial charges -€2,279
down €2,279 (-53.7%), from €4,241 to €1,962
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 | €242,211 | €213,772 | -€28,439 | -11.7% |
| Fixed assets | 21/28 | €10,474 | €6,754 | -€3,720 | -35.5% |
| Tangible fixed assets | 22/27 | €9,959 | €6,239 | -€3,720 | -37.4% |
| Plant, machinery and equipment | 23 | €637 | €158 | -€480 | -75.2% |
| Furniture and vehicles | 24 | €9,322 | €6,081 | -€3,240 | -34.8% |
| Financial fixed assets | 28 | €515 | €515 | = | 0.0% |
| Current assets | 29/58 | €231,736 | €207,018 | -€24,719 | -10.7% |
| Amounts receivable after more than one year | 29 | €73,099 | - | -€73,099 | |
| Other amounts receivable | 291 | €73,099 | - | -€73,099 | |
| Amounts receivable within one year | 40/41 | €47,808 | €41,842 | -€5,966 | -12.5% |
| Trade receivables | 40 | €46,605 | €40,570 | -€6,035 | -13.0% |
| Other amounts receivable | 41 | €1,203 | €1,273 | +€69 | +5.8% |
| Cash at bank and in hand | 54/58 | €104,755 | €164,757 | +€60,002 | +57.3% |
| Deferred charges and accrued income | 490/1 | €6,074 | €419 | -€5,655 | -93.1% |
| Total equity and liabilities | 10/49 | €242,211 | €213,772 | -€28,439 | -11.7% |
| Equity | 10/15 | €114,923 | €153,772 | +€38,849 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,323 | €96,323 | = | 0.0% |
| Non-distributable reserves | 130/1 | €96,323 | - | -€96,323 | |
| Other | 1319 | €96,323 | - | -€96,323 | |
| Distributable reserves | 133 | - | €96,323 | +€96,323 | |
| Profit (loss) carried forward | 14 | - | €38,849 | +€38,849 | |
| Amounts payable | 17/49 | €127,287 | €60,000 | -€67,287 | -52.9% |
| Amounts payable after more than one year | 17 | €9,436 | €5,923 | -€3,512 | -37.2% |
| Financial debts | 170/4 | €9,436 | €5,923 | -€3,512 | -37.2% |
| Amounts payable within one year | 42/48 | €117,852 | €54,077 | -€63,775 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €3,345 | €3,512 | +€167 | +5.0% |
| Trade debts | 44 | €19,984 | €18,766 | -€1,218 | -6.1% |
| Suppliers | 440/4 | €19,984 | €18,766 | -€1,218 | -6.1% |
| Taxes, remuneration and social security | 45 | €30,893 | €27,484 | -€3,409 | -11.0% |
| Taxes | 450/3 | €22,074 | €21,958 | -€115 | -0.5% |
| Remuneration and social security | 454/9 | €8,819 | €5,526 | -€3,294 | -37.3% |
| Other amounts payable | 47/48 | €63,629 | €4,314 | -€59,315 | -93.2% |
| Remuneration, social security and pensions | 62 | €135,660 | €121,351 | -€14,309 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,720 | €3,720 | = | 0.0% |
| Other operating charges | 640/8 | €870 | €1,075 | +€204 | +23.5% |
| Gross operating margin | 9900 | €224,247 | €213,931 | -€10,316 | -4.6% |
| Operating profit (loss) | 9901 | €83,997 | €87,785 | +€3,789 | +4.5% |
| Financial income | 75/76B | €5,016 | €57 | -€4,958 | -98.9% |
| Recurring financial income | 75 | €5,009 | €57 | -€4,952 | -98.9% |
| Non-recurring financial income | 76B | €7 | - | -€7 | |
| Financial charges | 65/66B | €4,241 | €1,962 | -€2,279 | -53.7% |
| Recurring financial charges | 65 | €4,241 | €1,962 | -€2,279 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €84,772 | €85,881 | +€1,109 | +1.3% |
| Income taxes | 67/77 | €22,079 | €22,032 | -€46 | -0.2% |
| Profit (loss) for the period | 9904 | €62,693 | €63,849 | +€1,156 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,693 | €63,849 | +€1,156 | +1.8% |
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 18 October 2026 via checked.be.