Nemrod: 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.
Nemrod
Largest movements
- Receivables within one year +€264,161
up €264,161 (+25.3%), from €1.0m to €1.3m
of which Other amounts receivable: +€268,304
- Cash +€50,350
up €50,350 (+25.5%), from €197,206 to €247,556
mainly Trade debts (+€148,103) and Net result for the year (+€117,320)
- Tangible fixed assets -€49,563
down €49,563 (-24.0%), from €206,087 to €156,524
of which Plant, machinery and equipment: -€31,126
- Trade debts +€148,103
up €148,103 (+183.4%), from €80,766 to €228,869
- Reserves +€117,320
up €117,320 (+13.9%), from €843,556 to €960,876
- Tax, wage and social debts +€60,581
up €60,581 (+21.6%), from €281,087 to €341,669
of which Taxes: +€39,830
- Debts after one year -€42,348
down €42,348 (-31.9%), from €132,653 to €90,306
- Other operating charges +€111,972
up €111,972 (+82.2%), from €136,289 to €248,260
- Staff costs -€89,019
down €89,019 (-15.2%), from €584,966 to €495,947
- Taxes -€56,632
down €56,632 (-48.3%), from €117,166 to €60,535
- Financial income -€39,430
down €39,430 (-88.8%), from €44,402 to €4,972
- Gross operating margin -€23,396
down €23,396 (-2.3%), from €1.0m to €1.0m
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 | €1,475,840 | €1,745,189 | +€269,348 | +18.3% |
| Fixed assets | 21/28 | €206,087 | €156,524 | -€49,563 | -24.0% |
| Tangible fixed assets | 22/27 | €206,087 | €156,524 | -€49,563 | -24.0% |
| Land and buildings | 22 | €71,861 | €55,343 | -€16,519 | -23.0% |
| Plant, machinery and equipment | 23 | €33,090 | €1,963 | -€31,126 | -94.1% |
| Furniture and vehicles | 24 | €11,136 | €9,219 | -€1,918 | -17.2% |
| Other tangible fixed assets | 26 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €1,269,753 | €1,588,665 | +€318,912 | +25.1% |
| Stocks and contracts in progress | 3 | €16,334 | €16,334 | = | 0.0% |
| Stocks | 30/36 | €16,334 | €16,334 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,043,940 | €1,308,101 | +€264,161 | +25.3% |
| Trade receivables | 40 | €30,437 | €26,295 | -€4,142 | -13.6% |
| Other amounts receivable | 41 | €1,013,503 | €1,281,806 | +€268,304 | +26.5% |
| Cash at bank and in hand | 54/58 | €197,206 | €247,556 | +€50,350 | +25.5% |
| Deferred charges and accrued income | 490/1 | €12,273 | €16,673 | +€4,400 | +35.9% |
| Total equity and liabilities | 10/49 | €1,475,840 | €1,745,189 | +€269,348 | +18.3% |
| Equity | 10/15 | €863,979 | €981,300 | +€117,320 | +13.6% |
| Contributions | 10/11 | €20,424 | €20,424 | = | 0.0% |
| Reserves | 13 | €843,556 | €960,876 | +€117,320 | +13.9% |
| Distributable reserves | 133 | €843,556 | €960,876 | +€117,320 | +13.9% |
| Amounts payable | 17/49 | €611,861 | €763,889 | +€152,028 | +24.8% |
| Amounts payable after more than one year | 17 | €132,653 | €90,306 | -€42,348 | -31.9% |
| Financial debts | 170/4 | €132,653 | €90,306 | -€42,348 | -31.9% |
| Amounts payable within one year | 42/48 | €479,207 | €673,583 | +€194,376 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €117,354 | €103,046 | -€14,309 | -12.2% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €80,766 | €228,869 | +€148,103 | +183.4% |
| Suppliers | 440/4 | €80,766 | €228,869 | +€148,103 | +183.4% |
| Taxes, remuneration and social security | 45 | €281,087 | €341,669 | +€60,581 | +21.6% |
| Taxes | 450/3 | €196,084 | €235,914 | +€39,830 | +20.3% |
| Remuneration and social security | 454/9 | €85,003 | €105,755 | +€20,752 | +24.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €584,966 | €495,947 | -€89,019 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,610 | €32,045 | -€4,565 | -12.5% |
| Other operating charges | 640/8 | €136,289 | €248,260 | +€111,972 | +82.2% |
| Non-recurring operating charges | 66A | - | €23,266 | +€23,266 | |
| Gross operating margin | 9900 | €1,029,293 | €1,005,897 | -€23,396 | -2.3% |
| Operating profit (loss) | 9901 | €271,428 | €206,378 | -€65,051 | -24.0% |
| Financial income | 75/76B | €44,402 | €4,972 | -€39,430 | -88.8% |
| Recurring financial income | 75 | €44,402 | €4,972 | -€39,430 | -88.8% |
| Financial charges | 65/66B | €33,145 | €33,494 | +€349 | +1.1% |
| Recurring financial charges | 65 | €33,145 | €33,494 | +€349 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €282,685 | €177,855 | -€104,830 | -37.1% |
| Income taxes | 67/77 | €117,166 | €60,535 | -€56,632 | -48.3% |
| Profit (loss) for the period | 9904 | €165,519 | €117,320 | -€48,199 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €165,519 | €117,320 | -€48,199 | -29.1% |
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 11 October 2026 via checked.be.