NEMESIS: 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.
What changed
NEMESIS
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€319,085
2023 · €85,715-€404,800
Equity
€216,428
2023 · €535,513-€319,085
Cash
€0
2023 · €2,720-€2,719
Balance sheet total
€1.5m
2023 · €1.5m+€33,711
Largest movements
Assets
- Receivables after one year +€33,203
up €33,203 (+2.5%), from €1.3m to €1.4m
Equity and liabilities
- Tax, wage and social debts +€328,462
up €328,462 (+354%), from €92,761 to €421,224
- Profit (loss) carried forward -€319,085
down €319,085 (-13.2%), from -€2.4m to -€2.7m
- Trade debts +€24,320
up €24,320 (+783%), from €3,105 to €27,426
Income statement
- Taxes +€328,462
new in 2024: €328,462
- Gross operating margin -€144,714
down €144,714 (-87.8%), from €164,765 to €20,051
- Staff costs -€20,455
down €20,455 (-71.3%), from €28,703 to €8,249
- Depreciation -€6,848
no longer reported in 2024 (was €6,848)
From the 2023 result to the 2024 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.
Result 2023
€85,715
Gross operating margin
-€144,714
Staff costs
+€20,455
Depreciation
+€6,848
Other operating charges
-€50
Financial income
+€2
Financial charges
+€1,122
Taxes
-€328,462
Deferred taxes and other
+€40,000
Result 2024
-€319,085
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€568
Investment
-€3,300
Financing
+€13
Cash 2023
€2,720
From operations (derived)
+€568
Net result for the year
-€319,085
Receivables after one year
-€33,203
Receivables within one year
+€73
Trade debts
+€24,320
Tax, wage and social debts
+€328,462
Investment (derived)
-€3,300
Investment in fixed assets (net)
-€3,300
Financing
+€13
Short-term financial debts
+€13
Cash 2024
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,474,921 | €1,508,632 | +€33,711 | +2.3% |
| Fixed assets | 21/28 | €24,789 | €28,089 | +€3,300 | +13.3% |
| Tangible fixed assets | 22/27 | €24,789 | €24,789 | = | 0.0% |
| Land and buildings | 22 | €24,789 | €24,789 | = | 0.0% |
| Financial fixed assets | 28 | - | €3,300 | +€3,300 | |
| Current assets | 29/58 | €1,450,131 | €1,480,542 | +€30,411 | +2.1% |
| Amounts receivable after more than one year | 29 | €1,321,062 | €1,354,266 | +€33,203 | +2.5% |
| Other amounts receivable | 291 | €1,321,062 | €1,354,266 | +€33,203 | +2.5% |
| Amounts receivable within one year | 40/41 | €126,350 | €126,277 | -€73 | -0.1% |
| Other amounts receivable | 41 | €126,350 | €126,277 | -€73 | -0.1% |
| Cash at bank and in hand | 54/58 | €2,720 | €0 | -€2,719 | -100.0% |
| Total equity and liabilities | 10/49 | €1,474,921 | €1,508,632 | +€33,711 | +2.3% |
| Equity | 10/15 | €535,513 | €216,428 | -€319,085 | -59.6% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €2,448,926 | €2,448,926 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,445,208 | €2,445,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,409,200 | -€2,728,285 | -€319,085 | -13.2% |
| Provisions and deferred taxes | 16 | €833,555 | €833,555 | = | 0.0% |
| Deferred taxes | 168 | €833,555 | €833,555 | = | 0.0% |
| Amounts payable | 17/49 | €105,853 | €458,649 | +€352,796 | +333% |
| Amounts payable within one year | 42/48 | €105,853 | €458,649 | +€352,796 | +333% |
| Financial debts | 43 | €9,986 | €9,999 | +€13 | +0.1% |
| Credit institutions | 430/8 | €9,986 | €9,999 | +€13 | +0.1% |
| Trade debts | 44 | €3,105 | €27,426 | +€24,320 | +783% |
| Suppliers | 440/4 | €3,105 | €27,426 | +€24,320 | +783% |
| Taxes, remuneration and social security | 45 | €92,761 | €421,224 | +€328,462 | +354% |
| Taxes | 450/3 | €92,761 | €421,224 | +€328,462 | +354% |
| Non-recurring operating income | 76A | €160,000 | - | -€160,000 | |
| Remuneration, social security and pensions | 62 | €28,703 | €8,249 | -€20,455 | -71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,848 | - | -€6,848 | |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | €164,765 | €20,051 | -€144,714 | -87.8% |
| Operating profit (loss) | 9901 | €129,214 | €11,753 | -€117,461 | -90.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3,499 | €2,377 | -€1,122 | -32.1% |
| Recurring financial charges | 65 | €3,499 | €2,377 | -€1,122 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €125,715 | €9,377 | -€116,338 | -92.5% |
| Transfer to deferred taxes | 680 | €40,000 | - | -€40,000 | |
| Income taxes | 67/77 | - | €328,462 | +€328,462 | |
| Profit (loss) for the period | 9904 | €85,715 | -€319,085 | -€404,800 | |
| Transfer to tax-exempt reserves | 689 | €120,000 | - | -€120,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,285 | -€319,085 | -€284,800 | -831% |
Source: filed annual accounts (NBB), financial years ended 14 September 2023 and 14 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.