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
- Tangible fixed assets -€1.1m
down €1.1m (-83.0%), from €1.3m to €228,762
of which Land and buildings: -€757,452
- Cash +€612,037
up €612,037 (+1,226%), from €49,907 to €661,944
mainly Investment in fixed assets (net) (+€1.1m) and Net result for the year (+€123,131)
- Current investments +€53,074
up €53,074 (+293%), from €18,118 to €71,192
- Profit (loss) carried forward +€478,826
up €478,826, from -€417,107 to €61,719
- Debts after one year -€435,974
down €435,974 (-87.0%), from €501,007 to €65,033
- Reserves -€355,694
down €355,694 (-87.9%), from €404,761 to €49,066
- Provisions -€122,454
down €122,454 (-90.9%), from €134,720 to €12,267
- Tax, wage and social debts +€47,353
up €47,353 (+35,175%), from €135 to €47,487
of which Taxes: +€46,853
- Depreciation -€48,817
down €48,817 (-89.0%), from €54,868 to €6,051
- Gross operating margin +€47,731
up €47,731 (+181%), from €26,366 to €74,097
- Taxes +€46,851
up €46,851 (+3,872,021%), from €1 to €46,853
- Other operating charges +€7,623
up €7,623 (+773%), from €986 to €8,609
- Financial income -€6,923
down €6,923 (-98.9%), from €6,997 to €74
of which Non-recurring financial income: -€6,490
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.
Derived cash bridge
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 | €1,420,146 | €966,251 | -€453,895 | -32.0% |
| Fixed assets | 21/28 | €1,344,354 | €228,762 | -€1.1m | -83.0% |
| Tangible fixed assets | 22/27 | €1,344,354 | €228,762 | -€1.1m | -83.0% |
| Land and buildings | 22 | €985,828 | €228,377 | -€757,452 | -76.8% |
| Plant, machinery and equipment | 23 | €356,860 | €0 | -€356,860 | -100.0% |
| Furniture and vehicles | 24 | €1,666 | €385 | -€1,281 | -76.9% |
| Current assets | 29/58 | €75,792 | €737,489 | +€661,697 | +873% |
| Stocks and contracts in progress | 3 | €430 | - | -€430 | |
| Stocks | 30/36 | €430 | - | -€430 | |
| Amounts receivable within one year | 40/41 | €4,649 | €4,353 | -€297 | -6.4% |
| Trade receivables | 40 | €3,897 | €4,021 | +€124 | +3.2% |
| Other amounts receivable | 41 | €752 | €332 | -€420 | -55.9% |
| Current investments | 50/53 | €18,118 | €71,192 | +€53,074 | +293% |
| Cash at bank and in hand | 54/58 | €49,907 | €661,944 | +€612,037 | +1,226% |
| Deferred charges and accrued income | 490/1 | €2,687 | - | -€2,687 | |
| Total equity and liabilities | 10/49 | €1,420,146 | €966,251 | -€453,895 | -32.0% |
| Equity | 10/15 | €295,042 | €418,173 | +€123,131 | +41.7% |
| Contributions | 10/11 | €307,388 | €307,388 | = | 0.0% |
| Capital | 10 | €307,388 | €307,388 | = | 0.0% |
| Issued capital | 100 | €307,388 | €307,388 | = | 0.0% |
| Reserves | 13 | €404,761 | €49,066 | -€355,694 | -87.9% |
| Tax-exempt reserves | 132 | €404,761 | €49,066 | -€355,694 | -87.9% |
| Profit (loss) carried forward | 14 | -€417,107 | €61,719 | +€478,826 | |
| Provisions and deferred taxes | 16 | €134,720 | €12,267 | -€122,454 | -90.9% |
| Deferred taxes | 168 | €134,720 | €12,267 | -€122,454 | -90.9% |
| Amounts payable | 17/49 | €990,384 | €535,811 | -€454,573 | -45.9% |
| Amounts payable after more than one year | 17 | €501,007 | €65,033 | -€435,974 | -87.0% |
| Financial debts | 170/4 | €501,007 | €65,033 | -€435,974 | -87.0% |
| Amounts payable within one year | 42/48 | €489,377 | €469,431 | -€19,946 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €25,752 | €3,535 | -€22,217 | -86.3% |
| Trade debts | 44 | €1,253 | €614 | -€640 | -51.0% |
| Suppliers | 440/4 | €1,253 | €614 | -€640 | -51.0% |
| Taxes, remuneration and social security | 45 | €135 | €47,487 | +€47,353 | +35,175% |
| Taxes | 450/3 | €135 | €46,987 | +€46,853 | +34,804% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €462,237 | €417,795 | -€44,442 | -9.6% |
| Accrued charges and deferred income | 492/3 | - | €1,347 | +€1,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,868 | €6,051 | -€48,817 | -89.0% |
| Other operating charges | 640/8 | €986 | €8,609 | +€7,623 | +773% |
| Gross operating margin | 9900 | €26,366 | €74,097 | +€47,731 | +181% |
| Operating profit (loss) | 9901 | -€29,488 | €59,437 | +€88,925 | |
| Financial income | 75/76B | €6,997 | €74 | -€6,923 | -98.9% |
| Recurring financial income | 75 | €507 | €74 | -€433 | -85.4% |
| Non-recurring financial income | 76B | €6,490 | - | -€6,490 | |
| Financial charges | 65/66B | €13,439 | €11,980 | -€1,459 | -10.9% |
| Recurring financial charges | 65 | €13,439 | €11,980 | -€1,459 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,930 | €47,530 | +€83,461 | |
| Transfer from deferred taxes | 780 | €5,815 | €134,778 | +€128,963 | +2,218% |
| Transfer to deferred taxes | 680 | - | €12,325 | +€12,325 | |
| Income taxes | 67/77 | €1 | €46,853 | +€46,851 | +3,872,021% |
| Profit (loss) for the period | 9904 | -€30,116 | €123,131 | +€153,248 | |
| Transfer from tax-exempt reserves | 789 | €17,146 | €404,993 | +€387,847 | +2,262% |
| Transfer to tax-exempt reserves | 689 | - | €49,298 | +€49,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,970 | €478,826 | +€491,796 |
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 17 October 2026 via checked.be.