NEMASSUR: what changed
NEMASSUR
Largest movements
- Current investments +€90,000
up €90,000 (+25.7%), from €350,000 to €440,000
- Cash -€25,765
down €25,765 (-49.0%), from €52,615 to €26,850
mainly Current investments (-€90,000) and Contributions, distributions and other (-€59,457)
- Tangible fixed assets -€17,383
down €17,383 (-32.0%), from €54,368 to €36,984
of which Furniture and vehicles: -€17,698
- Reserves +€27,443
up €27,443 (+2.5%), from €1.1m to €1.1m
of which Distributable reserves: +€27,443
- Debts after one year -€12,621
down €12,621 (-58.0%), from €21,751 to €9,130
- Tax, wage and social debts +€12,557
up €12,557, from €0 to €12,557
- Gross operating margin +€34,970
up €34,970 (+28.7%), from €121,753 to €156,723
- Taxes +€21,101
up €21,101 (+60.2%), from €35,024 to €56,125
- Financial income -€9,682
down €9,682 (-67.0%), from €14,443 to €4,761
- Depreciation -€7,946
down €7,946 (-47.3%), from €16,808 to €8,862
- Financial charges +€5,335
up €5,335 (+228%), from €2,343 to €7,678
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,212,388 | €1,249,197 | +€36,809 | +3.0% |
| Fixed assets | 21/28 | €383,368 | €365,984 | -€17,383 | -4.5% |
| Tangible fixed assets | 22/27 | €54,368 | €36,984 | -€17,383 | -32.0% |
| Land and buildings | 22 | €8,074 | €7,775 | -€299 | -3.7% |
| Plant, machinery and equipment | 23 | €8,662 | €9,276 | +€613 | +7.1% |
| Furniture and vehicles | 24 | €37,631 | €19,934 | -€17,698 | -47.0% |
| Financial fixed assets | 28 | €329,000 | €329,000 | = | 0.0% |
| Current assets | 29/58 | €829,020 | €883,213 | +€54,193 | +6.5% |
| Amounts receivable after more than one year | 29 | €409,667 | €409,667 | = | 0.0% |
| Other amounts receivable | 291 | €409,667 | €409,667 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,739 | €6,696 | -€10,043 | -60.0% |
| Other amounts receivable | 41 | €16,739 | €6,696 | -€10,043 | -60.0% |
| Current investments | 50/53 | €350,000 | €440,000 | +€90,000 | +25.7% |
| Cash at bank and in hand | 54/58 | €52,615 | €26,850 | -€25,765 | -49.0% |
| Total equity and liabilities | 10/49 | €1,212,388 | €1,249,197 | +€36,809 | +3.0% |
| Equity | 10/15 | €1,111,311 | €1,138,753 | +€27,443 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,092,711 | €1,120,153 | +€27,443 | +2.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,092,711 | €1,120,153 | +€27,443 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,078 | €110,444 | +€9,366 | +9.3% |
| Amounts payable after more than one year | 17 | €21,751 | €9,130 | -€12,621 | -58.0% |
| Financial debts | 170/4 | €21,751 | €9,130 | -€12,621 | -58.0% |
| Amounts payable within one year | 42/48 | €79,327 | €97,138 | +€17,811 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €18,204 | €12,621 | -€5,583 | -30.7% |
| Trade debts | 44 | €0 | €11 | +€11 | |
| Suppliers | 440/4 | €0 | €11 | +€11 | |
| Taxes, remuneration and social security | 45 | €0 | €12,557 | +€12,557 | |
| Taxes | 450/3 | €0 | €12,557 | +€12,557 | |
| Other amounts payable | 47/48 | €61,122 | €71,948 | +€10,826 | +17.7% |
| Accrued charges and deferred income | 492/3 | - | €4,176 | +€4,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,808 | €8,862 | -€7,946 | -47.3% |
| Other operating charges | 640/8 | €2,868 | €1,919 | -€949 | -33.1% |
| Gross operating margin | 9900 | €121,753 | €156,723 | +€34,970 | +28.7% |
| Operating profit (loss) | 9901 | €102,076 | €145,942 | +€43,866 | +43.0% |
| Financial income | 75/76B | €14,443 | €4,761 | -€9,682 | -67.0% |
| Recurring financial income | 75 | €14,443 | €4,761 | -€9,682 | -67.0% |
| Financial charges | 65/66B | €2,343 | €7,678 | +€5,335 | +228% |
| Recurring financial charges | 65 | €2,343 | €7,678 | +€5,335 | +228% |
| Profit (loss) for the period before taxes | 9903 | €114,176 | €143,025 | +€28,848 | +25.3% |
| Income taxes | 67/77 | €35,024 | €56,125 | +€21,101 | +60.2% |
| Profit (loss) for the period | 9904 | €79,153 | €86,900 | +€7,748 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,153 | €86,900 | +€7,748 | +9.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.