Nems: 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.
Nems
Largest movements
- Cash +€13,686
up €13,686 (+92.0%), from €14,882 to €28,568
mainly Net result for the year (+€10,508) and Tax, wage and social debts (+€4,089)
- Tangible fixed assets +€2,301
up €2,301 (+176.2%), from €1,306 to €3,606
- Receivables within one year -€1,000
down €1,000 (-18.2%), from €5,500 to €4,500
- Reserves +€10,508
up €10,508 (+70.0%), from €15,002 to €25,510
- Tax, wage and social debts +€4,089
up €4,089 (+72.2%), from €5,667 to €9,757
- Other debts +€389
up €389 (+2146.0%), from €18 to €407
- Gross operating margin -€6,987
down €6,987 (-30.9%), from €22,639 to €15,651
- Taxes -€1,578
down €1,578 (-27.8%), from €5,667 to €4,089
- Depreciation -€1,042
down €1,042 (-54.0%), from €1,932 to €889
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 | €21,688 | €36,674 | +€14,986 | +69.1% |
| Fixed assets | 21/28 | €1,306 | €3,606 | +€2,301 | +176.2% |
| Tangible fixed assets | 22/27 | €1,306 | €3,606 | +€2,301 | +176.2% |
| Furniture and vehicles | 24 | €1,306 | €3,606 | +€2,301 | +176.2% |
| Current assets | 29/58 | €20,382 | €33,068 | +€12,686 | +62.2% |
| Amounts receivable within one year | 40/41 | €5,500 | €4,500 | -€1,000 | -18.2% |
| Trade receivables | 40 | €5,500 | €4,500 | -€1,000 | -18.2% |
| Cash at bank and in hand | 54/58 | €14,882 | €28,568 | +€13,686 | +92.0% |
| Total equity and liabilities | 10/49 | €21,688 | €36,674 | +€14,986 | +69.1% |
| Equity | 10/15 | €16,002 | €26,510 | +€10,508 | +65.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €15,002 | €25,510 | +€10,508 | +70.0% |
| Distributable reserves | 133 | €15,002 | €25,510 | +€10,508 | +70.0% |
| Amounts payable | 17/49 | €5,685 | €10,164 | +€4,479 | +78.8% |
| Amounts payable within one year | 42/48 | €5,685 | €10,164 | +€4,479 | +78.8% |
| Taxes, remuneration and social security | 45 | €5,667 | €9,757 | +€4,089 | +72.2% |
| Taxes | 450/3 | €5,667 | €9,757 | +€4,089 | +72.2% |
| Other amounts payable | 47/48 | €18 | €407 | +€389 | +2146.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,932 | €889 | -€1,042 | -54.0% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €22,639 | €15,651 | -€6,987 | -30.9% |
| Operating profit (loss) | 9901 | €20,707 | €14,642 | -€6,065 | -29.3% |
| Financial charges | 65/66B | €38 | €45 | +€8 | +20.0% |
| Recurring financial charges | 65 | €38 | €45 | +€8 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €20,670 | €14,597 | -€6,073 | -29.4% |
| Income taxes | 67/77 | €5,667 | €4,089 | -€1,578 | -27.8% |
| Profit (loss) for the period | 9904 | €15,002 | €10,508 | -€4,495 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,002 | €10,508 | -€4,495 | -30.0% |
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 4 October 2026 via checked.be.