NEMO: 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.
NEMO
Largest movements
- Current investments +€160,750
up €160,750 (+126.2%), from €127,341 to €288,091
- Cash -€157,483
down €157,483 (-51.9%), from €303,390 to €145,907
mainly Current investments (-€160,750) and Contributions, distributions and other (-€128,393)
- Financial fixed assets +€73,333
new in 2025: €73,333
- Receivables after one year +€48,349
up €48,349 (+5.6%), from €868,023 to €916,372
- Reserves +€133,367
up €133,367 (+7.6%), from €1.8m to €1.9m
- Tax, wage and social debts -€86,505
down €86,505 (-48.0%), from €180,352 to €93,847
- Other debts +€66,293
up €66,293 (+106.8%), from €62,100 to €128,393
- Gross operating margin -€155,336
down €155,336 (-27.2%), from €570,331 to €414,995
- Financial income +€76,817
up €76,817 (+284.3%), from €27,018 to €103,835
- Taxes -€40,228
down €40,228 (-27.1%), from €148,324 to €108,096
- Other operating charges +€31,778
up €31,778 (+62.9%), from €50,509 to €82,288
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 | €2,119,555 | €2,239,598 | +€120,043 | +5.7% |
| Fixed assets | 21/28 | €404,201 | €461,473 | +€57,272 | +14.2% |
| Tangible fixed assets | 22/27 | €404,201 | €388,139 | -€16,062 | -4.0% |
| Land and buildings | 22 | €108,257 | €0 | -€108,257 | -100.0% |
| Plant, machinery and equipment | 23 | €53,705 | €40,592 | -€13,112 | -24.4% |
| Furniture and vehicles | 24 | €226,539 | €30,541 | -€195,998 | -86.5% |
| Leasing and similar rights | 25 | €15,701 | €11,775 | -€3,925 | -25.0% |
| Other tangible fixed assets | 26 | - | €305,231 | +€305,231 | |
| Financial fixed assets | 28 | - | €73,333 | +€73,333 | |
| Current assets | 29/58 | €1,715,354 | €1,778,125 | +€62,771 | +3.7% |
| Amounts receivable after more than one year | 29 | €868,023 | €916,372 | +€48,349 | +5.6% |
| Other amounts receivable | 291 | €868,023 | €916,372 | +€48,349 | +5.6% |
| Amounts receivable within one year | 40/41 | €416,600 | €427,755 | +€11,155 | +2.7% |
| Trade receivables | 40 | €2,341 | €2,000 | -€341 | -14.5% |
| Other amounts receivable | 41 | €414,259 | €425,755 | +€11,496 | +2.8% |
| Current investments | 50/53 | €127,341 | €288,091 | +€160,750 | +126.2% |
| Cash at bank and in hand | 54/58 | €303,390 | €145,907 | -€157,483 | -51.9% |
| Total equity and liabilities | 10/49 | €2,119,555 | €2,239,598 | +€120,043 | +5.7% |
| Equity | 10/15 | €1,836,320 | €1,969,688 | +€133,367 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,756,238 | €1,889,606 | +€133,367 | +7.6% |
| Distributable reserves | 133 | €1,756,238 | €1,889,606 | +€133,367 | +7.6% |
| Profit (loss) carried forward | 14 | €67,682 | €67,682 | = | 0.0% |
| Amounts payable | 17/49 | €283,235 | €269,910 | -€13,324 | -4.7% |
| Amounts payable after more than one year | 17 | €27,890 | €19,876 | -€8,014 | -28.7% |
| Financial debts | 170/4 | €27,890 | €19,876 | -€8,014 | -28.7% |
| Amounts payable within one year | 42/48 | €255,345 | €250,034 | -€5,311 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €12,893 | €25,277 | +€12,384 | +96.0% |
| Trade debts | 44 | - | €2,517 | +€2,517 | |
| Suppliers | 440/4 | - | €2,517 | +€2,517 | |
| Taxes, remuneration and social security | 45 | €180,352 | €93,847 | -€86,505 | -48.0% |
| Taxes | 450/3 | €180,352 | €93,847 | -€86,505 | -48.0% |
| Other amounts payable | 47/48 | €62,100 | €128,393 | +€66,293 | +106.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,955 | €62,522 | -€3,433 | -5.2% |
| Other operating charges | 640/8 | €50,509 | €82,288 | +€31,778 | +62.9% |
| Gross operating margin | 9900 | €570,331 | €414,995 | -€155,336 | -27.2% |
| Operating profit (loss) | 9901 | €453,867 | €270,185 | -€183,682 | -40.5% |
| Financial income | 75/76B | €27,018 | €103,835 | +€76,817 | +284.3% |
| Recurring financial income | 75 | €27,018 | €103,835 | +€76,817 | +284.3% |
| Financial charges | 65/66B | €3,883 | €4,164 | +€281 | +7.2% |
| Recurring financial charges | 65 | €3,883 | €4,164 | +€281 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €477,002 | €369,857 | -€107,146 | -22.5% |
| Income taxes | 67/77 | €148,324 | €108,096 | -€40,228 | -27.1% |
| Profit (loss) for the period | 9904 | €328,678 | €261,760 | -€66,918 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €328,678 | €261,760 | -€66,918 | -20.4% |
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 10 October 2026 via checked.be.