NESMA: 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.
NESMA
Largest movements
- Cash +€5,246
up €5,246 (+55.2%), from €9,502 to €14,748
mainly Depreciation (+€4,954) and Receivables within one year (+€3,718)
- Tangible fixed assets -€4,954
down €4,954 (-95.3%), from €5,200 to €246
of which Leasing and similar rights: -€4,603
- Receivables within one year -€3,718
down €3,718 (-7.1%), from €52,563 to €48,845
of which Other amounts receivable: -€2,065
- Stocks and contracts +€2,623
up €2,623 (+133.7%), from €1,962 to €4,585
- Current portion of long-term debt -€8,815
down €8,815 (-100.0%), from €8,815 to €0
- Other debts +€3,065
up €3,065 (+25.8%), from €11,864 to €14,929
- Trade debts +€2,588
up €2,588 (+26.3%), from €9,848 to €12,436
- Tax, wage and social debts +€1,355
up €1,355 (+59.4%), from €2,281 to €3,636
of which Taxes: +€1,355
- Profit (loss) carried forward +€925
up €925 (+3.5%), from €26,440 to €27,365
- Depreciation -€3,253
down €3,253 (-39.6%), from €8,207 to €4,954
- Gross operating margin -€1,868
down €1,868 (-19.6%), from €9,520 to €7,652
- Other operating charges -€396
down €396 (-21.5%), from €1,843 to €1,446
- Financial charges -€260
down €260 (-48.0%), from €542 to €282
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 | €73,374 | €72,492 | -€882 | -1.2% |
| Fixed assets | 21/28 | €8,900 | €3,946 | -€4,954 | -55.7% |
| Tangible fixed assets | 22/27 | €5,200 | €246 | -€4,954 | -95.3% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €111 | €0 | -€111 | -100.0% |
| Furniture and vehicles | 24 | €486 | €246 | -€240 | -49.3% |
| Leasing and similar rights | 25 | €4,603 | €0 | -€4,603 | -100.0% |
| Financial fixed assets | 28 | €3,700 | €3,700 | = | 0.0% |
| Current assets | 29/58 | €64,474 | €68,546 | +€4,072 | +6.3% |
| Stocks and contracts in progress | 3 | €1,962 | €4,585 | +€2,623 | +133.7% |
| Stocks | 30/36 | €1,962 | €4,585 | +€2,623 | +133.7% |
| Amounts receivable within one year | 40/41 | €52,563 | €48,845 | -€3,718 | -7.1% |
| Trade receivables | 40 | €46,348 | €44,695 | -€1,653 | -3.6% |
| Other amounts receivable | 41 | €6,215 | €4,151 | -€2,065 | -33.2% |
| Cash at bank and in hand | 54/58 | €9,502 | €14,748 | +€5,246 | +55.2% |
| Deferred charges and accrued income | 490/1 | €446 | €367 | -€79 | -17.8% |
| Total equity and liabilities | 10/49 | €73,374 | €72,492 | -€882 | -1.2% |
| Equity | 10/15 | €40,566 | €41,491 | +€925 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,926 | €7,926 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,066 | €6,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,440 | €27,365 | +€925 | +3.5% |
| Amounts payable | 17/49 | €32,808 | €31,001 | -€1,807 | -5.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €32,808 | €31,001 | -€1,807 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €8,815 | €0 | -€8,815 | -100.0% |
| Trade debts | 44 | €9,848 | €12,436 | +€2,588 | +26.3% |
| Suppliers | 440/4 | €9,848 | €12,436 | +€2,588 | +26.3% |
| Taxes, remuneration and social security | 45 | €2,281 | €3,636 | +€1,355 | +59.4% |
| Taxes | 450/3 | €2,281 | €3,636 | +€1,355 | +59.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €11,864 | €14,929 | +€3,065 | +25.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,207 | €4,954 | -€3,253 | -39.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11 | - | -€11 | |
| Other operating charges | 640/8 | €1,843 | €1,446 | -€396 | -21.5% |
| Gross operating margin | 9900 | €9,520 | €7,652 | -€1,868 | -19.6% |
| Operating profit (loss) | 9901 | -€541 | €1,252 | +€1,793 | |
| Financial income | 75/76B | €16 | €96 | +€80 | +502.5% |
| Recurring financial income | 75 | €16 | €96 | +€80 | +502.5% |
| Financial charges | 65/66B | €542 | €282 | -€260 | -48.0% |
| Recurring financial charges | 65 | €542 | €282 | -€260 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,067 | €1,066 | +€2,133 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€1,206 | €925 | +€2,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,206 | €925 | +€2,132 |
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 30 September 2026 via checked.be.