NEMESI: 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.
NEMESI
Largest movements
- Cash -€11,536
down €11,536 (-7.1%), from €163,007 to €151,471
mainly Contributions, distributions and other (-€212,885) and Debts after one year (-€7,353)
- Tangible fixed assets -€6,645
down €6,645 (-3.5%), from €188,206 to €181,561
- Profit (loss) carried forward -€112,154
no longer reported in 2025 (was €112,154)
- Other debts +€83,137
up €83,137 (+100.9%), from €82,434 to €165,571
- Tax, wage and social debts +€20,440
up €20,440 (+89.7%), from €22,783 to €43,223
- Debts after one year -€7,353
down €7,353 (-6.1%), from €120,314 to €112,961
- Gross operating margin +€13,868
up €13,868 (+10.9%), from €127,314 to €141,182
- Depreciation -€9,766
down €9,766 (-59.5%), from €16,411 to €6,645
- Taxes +€6,196
up €6,196 (+28.1%), from €22,066 to €28,262
- Financial income -€2,155
down €2,155 (-85.1%), from €2,531 to €376
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 | €365,198 | €349,971 | -€15,227 | -4.2% |
| Fixed assets | 21/28 | €188,206 | €181,561 | -€6,645 | -3.5% |
| Tangible fixed assets | 22/27 | €188,206 | €181,561 | -€6,645 | -3.5% |
| Land and buildings | 22 | €188,206 | €181,561 | -€6,645 | -3.5% |
| Current assets | 29/58 | €176,992 | €168,410 | -€8,582 | -4.8% |
| Amounts receivable within one year | 40/41 | €13,985 | €16,939 | +€2,954 | +21.1% |
| Trade receivables | 40 | €13,985 | €16,939 | +€2,954 | +21.1% |
| Cash at bank and in hand | 54/58 | €163,007 | €151,471 | -€11,536 | -7.1% |
| Total equity and liabilities | 10/49 | €365,198 | €349,971 | -€15,227 | -4.2% |
| Equity | 10/15 | €132,614 | €20,460 | -€112,154 | -84.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,154 | - | -€112,154 | |
| Amounts payable | 17/49 | €232,584 | €329,511 | +€96,927 | +41.7% |
| Amounts payable after more than one year | 17 | €120,314 | €112,961 | -€7,353 | -6.1% |
| Financial debts | 170/4 | €120,314 | €112,961 | -€7,353 | -6.1% |
| Amounts payable within one year | 42/48 | €112,270 | €216,550 | +€104,280 | +92.9% |
| Financial debts | 43 | €7,053 | €7,254 | +€201 | +2.8% |
| Credit institutions | 430/8 | €7,053 | €7,254 | +€201 | +2.8% |
| Trade debts | 44 | - | €502 | +€502 | |
| Suppliers | 440/4 | - | €502 | +€502 | |
| Taxes, remuneration and social security | 45 | €22,783 | €43,223 | +€20,440 | +89.7% |
| Taxes | 450/3 | €22,783 | €43,223 | +€20,440 | +89.7% |
| Other amounts payable | 47/48 | €82,434 | €165,571 | +€83,137 | +100.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,411 | €6,645 | -€9,766 | -59.5% |
| Other operating charges | 640/8 | €2,689 | €3,832 | +€1,143 | +42.5% |
| Gross operating margin | 9900 | €127,314 | €141,182 | +€13,868 | +10.9% |
| Operating profit (loss) | 9901 | €108,214 | €130,705 | +€22,491 | +20.8% |
| Financial income | 75/76B | €2,531 | €376 | -€2,155 | -85.1% |
| Recurring financial income | 75 | €2,531 | €376 | -€2,155 | -85.1% |
| Financial charges | 65/66B | €2,118 | €2,088 | -€30 | -1.4% |
| Recurring financial charges | 65 | €2,118 | €2,088 | -€30 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €108,627 | €128,993 | +€20,366 | +18.7% |
| Income taxes | 67/77 | €22,066 | €28,262 | +€6,196 | +28.1% |
| Profit (loss) for the period | 9904 | €86,561 | €100,731 | +€14,170 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,561 | €100,731 | +€14,170 | +16.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.