Nemax: 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.
Nemax
Largest movements
- Receivables within one year -€4,026
down €4,026 (-2.5%), from €159,477 to €155,451
of which Trade receivables: -€5,504
- Cash -€2,201
down €2,201 (-82.0%), from €2,683 to €483
mainly Tax, wage and social debts (-€9,056) and Trade debts (-€5,349)
- Tangible fixed assets -€2,021
down €2,021 (-75.7%), from €2,669 to €649
- Deferred charges and accrued income -€1,844
down €1,844 (-27.3%), from €6,765 to €4,921
- Tax, wage and social debts -€9,056
down €9,056 (-36.5%), from €24,842 to €15,786
of which Taxes: -€17,781
- Other debts +€5,905
up €5,905 (+16.8%), from €35,120 to €41,025
- Trade debts -€5,349
down €5,349 (-60.9%), from €8,778 to €3,428
- Gross operating margin +€23,727
up €23,727 (+97.5%), from -€24,336 to -€609
- Financial income -€2,690
down €2,690 (-33.8%), from €7,965 to €5,275
- Depreciation -€1,238
down €1,238 (-38.0%), from €3,258 to €2,021
- Financial charges -€509
down €509 (-17.8%), from €2,853 to €2,344
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 | €171,594 | €161,503 | -€10,090 | -5.9% |
| Fixed assets | 21/28 | €2,669 | €649 | -€2,021 | -75.7% |
| Tangible fixed assets | 22/27 | €2,669 | €649 | -€2,021 | -75.7% |
| Plant, machinery and equipment | 23 | €2,669 | €649 | -€2,021 | -75.7% |
| Current assets | 29/58 | €168,924 | €160,855 | -€8,070 | -4.8% |
| Amounts receivable within one year | 40/41 | €159,477 | €155,451 | -€4,026 | -2.5% |
| Trade receivables | 40 | €8,524 | €3,020 | -€5,504 | -64.6% |
| Other amounts receivable | 41 | €150,953 | €152,431 | +€1,478 | +1.0% |
| Cash at bank and in hand | 54/58 | €2,683 | €483 | -€2,201 | -82.0% |
| Deferred charges and accrued income | 490/1 | €6,765 | €4,921 | -€1,844 | -27.3% |
| Total equity and liabilities | 10/49 | €171,594 | €161,503 | -€10,090 | -5.9% |
| Equity | 10/15 | €102,241 | €101,133 | -€1,108 | -1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,241 | €96,133 | -€1,108 | -1.1% |
| Distributable reserves | 133 | €97,241 | €96,133 | -€1,108 | -1.1% |
| Amounts payable | 17/49 | €69,352 | €60,370 | -€8,982 | -13.0% |
| Amounts payable within one year | 42/48 | €68,740 | €60,239 | -€8,501 | -12.4% |
| Trade debts | 44 | €8,778 | €3,428 | -€5,349 | -60.9% |
| Suppliers | 440/4 | €8,778 | €3,428 | -€5,349 | -60.9% |
| Taxes, remuneration and social security | 45 | €24,842 | €15,786 | -€9,056 | -36.5% |
| Taxes | 450/3 | €24,842 | €7,061 | -€17,781 | -71.6% |
| Remuneration and social security | 454/9 | - | €8,725 | +€8,725 | |
| Other amounts payable | 47/48 | €35,120 | €41,025 | +€5,905 | +16.8% |
| Accrued charges and deferred income | 492/3 | €613 | €131 | -€482 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,258 | €2,021 | -€1,238 | -38.0% |
| Other operating charges | 640/8 | €968 | €1,061 | +€93 | +9.6% |
| Gross operating margin | 9900 | -€24,336 | -€609 | +€23,727 | +97.5% |
| Operating profit (loss) | 9901 | -€28,562 | -€3,690 | +€24,872 | +87.1% |
| Financial income | 75/76B | €7,965 | €5,275 | -€2,690 | -33.8% |
| Recurring financial income | 75 | €7,965 | €5,275 | -€2,690 | -33.8% |
| Financial charges | 65/66B | €2,853 | €2,344 | -€509 | -17.8% |
| Recurring financial charges | 65 | €2,853 | €2,344 | -€509 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,450 | -€760 | +€22,690 | +96.8% |
| Income taxes | 67/77 | €381 | €349 | -€33 | -8.5% |
| Profit (loss) for the period | 9904 | -€23,831 | -€1,108 | +€22,723 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,831 | -€1,108 | +€22,723 | +95.3% |
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 15 October 2026 via checked.be.