NEMO: 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.
NEMO
Largest movements
- Cash +€201,512
up €201,512 (+87.0%), from €231,497 to €433,010
mainly Net result for the year (+€195,617) and Tax, wage and social debts (+€9,108)
- Deferred charges and accrued income +€7,101
up €7,101 (+40.5%), from €17,540 to €24,640
- Reserves +€201,343
up €201,343 (+82.0%), from €245,531 to €446,875
- Tax, wage and social debts +€9,108
new in 2025: €9,108
- Gross operating margin +€88,546
up €88,546 (+52.9%), from €167,439 to €255,985
- Taxes +€21,585
up €21,585 (+57.5%), from €37,523 to €59,108
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 | €251,514 | €463,019 | +€211,505 | +84.1% |
| Current assets | 29/58 | €251,514 | €463,019 | +€211,505 | +84.1% |
| Amounts receivable within one year | 40/41 | €2,477 | €5,370 | +€2,893 | +116.8% |
| Other amounts receivable | 41 | €2,477 | €5,370 | +€2,893 | +116.8% |
| Cash at bank and in hand | 54/58 | €231,497 | €433,010 | +€201,512 | +87.0% |
| Deferred charges and accrued income | 490/1 | €17,540 | €24,640 | +€7,101 | +40.5% |
| Total equity and liabilities | 10/49 | €251,514 | €463,019 | +€211,505 | +84.1% |
| Equity | 10/15 | €248,031 | €449,375 | +€201,343 | +81.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €245,531 | €446,875 | +€201,343 | +82.0% |
| Distributable reserves | 133 | €245,531 | €446,875 | +€201,343 | +82.0% |
| Amounts payable | 17/49 | €3,483 | €13,645 | +€10,162 | +291.8% |
| Amounts payable within one year | 42/48 | €3,483 | €13,645 | +€10,162 | +291.8% |
| Trade debts | 44 | €788 | €4,537 | +€3,749 | +475.6% |
| Suppliers | 440/4 | €788 | €4,537 | +€3,749 | +475.6% |
| Taxes, remuneration and social security | 45 | - | €9,108 | +€9,108 | |
| Taxes | 450/3 | - | €9,108 | +€9,108 | |
| Other amounts payable | 47/48 | €2,695 | - | -€2,695 | |
| Other operating charges | 640/8 | €465 | €1,171 | +€706 | +151.9% |
| Gross operating margin | 9900 | €167,439 | €255,985 | +€88,546 | +52.9% |
| Operating profit (loss) | 9901 | €166,974 | €254,814 | +€87,840 | +52.6% |
| Financial charges | 65/66B | €84 | €89 | +€5 | +6.0% |
| Recurring financial charges | 65 | €84 | €89 | +€5 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €166,890 | €254,725 | +€87,835 | +52.6% |
| Income taxes | 67/77 | €37,523 | €59,108 | +€21,585 | +57.5% |
| Profit (loss) for the period | 9904 | €129,368 | €195,617 | +€66,250 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,368 | €195,617 | +€66,250 | +51.2% |
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 7 October 2026 via checked.be.