NemaTerra: 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.
NemaTerra
Largest movements
- Current investments +€750,000
new in 2025: €750,000
- Intangible fixed assets +€508,115
up €508,115 (+99.1%), from €512,537 to €1.0m
- Deferred charges and accrued income -€162,000
no longer reported in 2025 (was €162,000)
- Cash +€61,616
up €61,616 (+34.7%), from €177,628 to €239,244
mainly Contributions, distributions and other (+€2.5m) and Depreciation (+€389,692)
- Receivables within one year -€34,231
down €34,231 (-72.9%), from €46,931 to €12,701
- Contributions +€2.5m
up €2.5m (+1,761%), from €140,807 to €2.6m
- Short-term financial debts -€946,000
down €946,000 (-82.5%), from €1.1m to €200,000
- Profit (loss) carried forward -€420,073
down €420,073 (-95.8%), from -€438,674 to -€858,747
- Depreciation +€234,355
up €234,355 (+151%), from €155,337 to €389,692
- Gross operating margin -€66,003
down €66,003, from €34,009 to -€31,994
- Financial income +€3,225
up €3,225 (+225,555%), from €1 to €3,227
- Financial charges +€1,369
up €1,369 (+1,094%), from €125 to €1,494
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 | €899,096 | €2,022,597 | +€1.1m | +125% |
| Fixed assets | 21/28 | €512,537 | €1,020,652 | +€508,115 | +99.1% |
| Intangible fixed assets | 21 | €512,537 | €1,020,652 | +€508,115 | +99.1% |
| Current assets | 29/58 | €386,559 | €1,001,945 | +€615,386 | +159% |
| Amounts receivable within one year | 40/41 | €46,931 | €12,701 | -€34,231 | -72.9% |
| Other amounts receivable | 41 | €46,931 | €12,701 | -€34,231 | -72.9% |
| Current investments | 50/53 | - | €750,000 | +€750,000 | |
| Cash at bank and in hand | 54/58 | €177,628 | €239,244 | +€61,616 | +34.7% |
| Deferred charges and accrued income | 490/1 | €162,000 | - | -€162,000 | |
| Total equity and liabilities | 10/49 | €899,096 | €2,022,597 | +€1.1m | +125% |
| Equity | 10/15 | -€297,867 | €1,762,059 | +€2.1m | |
| Contributions | 10/11 | €140,807 | €2,620,807 | +€2.5m | +1,761% |
| Profit (loss) carried forward | 14 | -€438,674 | -€858,747 | -€420,073 | -95.8% |
| Amounts payable | 17/49 | €1,196,964 | €260,538 | -€936,426 | -78.2% |
| Amounts payable within one year | 42/48 | €1,196,964 | €260,538 | -€936,426 | -78.2% |
| Financial debts | 43 | €1,146,000 | €200,000 | -€946,000 | -82.5% |
| Other loans | 439 | €1,146,000 | €200,000 | -€946,000 | -82.5% |
| Trade debts | 44 | €50,964 | €60,538 | +€9,574 | +18.8% |
| Suppliers | 440/4 | €50,964 | €60,538 | +€9,574 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,337 | €389,692 | +€234,355 | +151% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €34,009 | -€31,994 | -€66,003 | |
| Operating profit (loss) | 9901 | -€121,446 | -€421,806 | -€300,360 | -247% |
| Financial income | 75/76B | €1 | €3,227 | +€3,225 | +225,555% |
| Recurring financial income | 75 | €1 | €3,227 | +€3,225 | +225,555% |
| Financial charges | 65/66B | €125 | €1,494 | +€1,369 | +1,094% |
| Recurring financial charges | 65 | €125 | €1,494 | +€1,369 | +1,094% |
| Profit (loss) for the period before taxes | 9903 | -€121,570 | -€420,073 | -€298,503 | -246% |
| Profit (loss) for the period | 9904 | -€121,570 | -€420,073 | -€298,503 | -246% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,570 | -€420,073 | -€298,503 | -246% |
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 20 October 2026 via checked.be.