NEMESFER: 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.
NEMESFER
Largest movements
- Receivables within one year +€10,455
up €10,455 (+89.7%), from €11,660 to €22,115
of which Trade receivables: +€11,632
- Cash -€2,542
down €2,542 (-50.8%), from €5,004 to €2,462
mainly Receivables within one year (-€10,455) and Tax, wage and social debts (-€3,983)
- Deferred charges and accrued income -€2,227
down €2,227 (-37.3%), from €5,968 to €3,741
- Tangible fixed assets -€334
down €334 (-55.9%), from €597 to €263
- Trade debts +€10,025
up €10,025 (+205.3%), from €4,882 to €14,907
- Tax, wage and social debts -€3,983
down €3,983 (-19.4%), from €20,521 to €16,539
of which Remuneration and social security: -€4,073
- Profit (loss) carried forward -€984
down €984 (-10.8%), from -€9,072 to -€10,056
- Other debts +€294
up €294 (+7.5%), from €3,898 to €4,192
- Gross operating margin +€11,646
up €11,646, from -€1,931 to €9,714
- Staff costs +€2,204
up €2,204 (+49.8%), from €4,425 to €6,630
- Taxes +€1,434
up €1,434 (+152601.1%), from €1 to €1,435
- Financial charges -€361
down €361 (-20.1%), from €1,797 to €1,436
- Other operating charges +€201
up €201 (+29.9%), from €674 to €875
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 | €23,229 | €28,581 | +€5,352 | +23.0% |
| Fixed assets | 21/28 | €597 | €263 | -€334 | -55.9% |
| Tangible fixed assets | 22/27 | €597 | €263 | -€334 | -55.9% |
| Plant, machinery and equipment | 23 | €597 | €263 | -€334 | -55.9% |
| Current assets | 29/58 | €22,632 | €28,318 | +€5,686 | +25.1% |
| Amounts receivable within one year | 40/41 | €11,660 | €22,115 | +€10,455 | +89.7% |
| Trade receivables | 40 | €10,483 | €22,115 | +€11,632 | +111.0% |
| Other amounts receivable | 41 | €1,177 | - | -€1,177 | |
| Cash at bank and in hand | 54/58 | €5,004 | €2,462 | -€2,542 | -50.8% |
| Deferred charges and accrued income | 490/1 | €5,968 | €3,741 | -€2,227 | -37.3% |
| Total equity and liabilities | 10/49 | €23,229 | €28,581 | +€5,352 | +23.0% |
| Equity | 10/15 | -€6,072 | -€7,056 | -€984 | -16.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,072 | -€10,056 | -€984 | -10.8% |
| Amounts payable | 17/49 | €29,301 | €35,637 | +€6,336 | +21.6% |
| Amounts payable within one year | 42/48 | €29,301 | €35,637 | +€6,336 | +21.6% |
| Trade debts | 44 | €4,882 | €14,907 | +€10,025 | +205.3% |
| Suppliers | 440/4 | €4,882 | €14,907 | +€10,025 | +205.3% |
| Taxes, remuneration and social security | 45 | €20,521 | €16,539 | -€3,983 | -19.4% |
| Taxes | 450/3 | €561 | €652 | +€91 | +16.2% |
| Remuneration and social security | 454/9 | €19,960 | €15,886 | -€4,073 | -20.4% |
| Other amounts payable | 47/48 | €3,898 | €4,192 | +€294 | +7.5% |
| Remuneration, social security and pensions | 62 | €4,425 | €6,630 | +€2,204 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | €334 | = | 0.0% |
| Other operating charges | 640/8 | €674 | €875 | +€201 | +29.9% |
| Gross operating margin | 9900 | -€1,931 | €9,714 | +€11,646 | |
| Operating profit (loss) | 9901 | -€7,364 | €1,876 | +€9,240 | |
| Financial income | 75/76B | €5 | €11 | +€6 | +112.9% |
| Recurring financial income | 75 | €5 | €11 | +€6 | +112.9% |
| Financial charges | 65/66B | €1,797 | €1,436 | -€361 | -20.1% |
| Recurring financial charges | 65 | €1,797 | €1,436 | -€361 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,156 | €451 | +€9,607 | |
| Income taxes | 67/77 | €1 | €1,435 | +€1,434 | +152601.1% |
| Profit (loss) for the period | 9904 | -€9,157 | -€984 | +€8,173 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,157 | -€984 | +€8,173 | +89.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.