NFMC: 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.
NFMC
Largest movements
- Cash +€4,648
up €4,648 (+242.1%), from €1,920 to €6,568
mainly Net result for the year (+€8,668) and Trade debts (+€4,820)
- Deferred charges and accrued income -€4,072
down €4,072 (-96.5%), from €4,221 to €148
- Tangible fixed assets +€2,533
up €2,533 (+9.6%), from €26,309 to €28,842
of which Other tangible fixed assets: +€4,075
- Receivables within one year +€1,823
up €1,823 (+14.8%), from €12,339 to €14,162
of which Trade receivables: +€9,105
- Other debts -€10,472
down €10,472 (-39.2%), from €26,696 to €16,224
- Reserves +€8,668
up €8,668 (+57.6%), from €15,057 to €23,725
- Trade debts +€4,820
up €4,820 (+488.8%), from €986 to €5,806
- Tax, wage and social debts +€1,916
up €1,916 (+3800.6%), from €50 to €1,966
- Gross operating margin +€31,793
up €31,793, from -€20,063 to €11,730
- Depreciation +€621
up €621 (+28.8%), from €2,160 to €2,781
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 | €44,789 | €49,720 | +€4,932 | +11.0% |
| Fixed assets | 21/28 | €26,309 | €28,842 | +€2,533 | +9.6% |
| Tangible fixed assets | 22/27 | €26,309 | €28,842 | +€2,533 | +9.6% |
| Furniture and vehicles | 24 | €2,332 | €791 | -€1,541 | -66.1% |
| Other tangible fixed assets | 26 | €23,977 | €28,051 | +€4,075 | +17.0% |
| Current assets | 29/58 | €18,480 | €20,878 | +€2,398 | +13.0% |
| Amounts receivable within one year | 40/41 | €12,339 | €14,162 | +€1,823 | +14.8% |
| Trade receivables | 40 | €113 | €9,218 | +€9,105 | +8033.3% |
| Other amounts receivable | 41 | €12,226 | €4,944 | -€7,282 | -59.6% |
| Cash at bank and in hand | 54/58 | €1,920 | €6,568 | +€4,648 | +242.1% |
| Deferred charges and accrued income | 490/1 | €4,221 | €148 | -€4,072 | -96.5% |
| Total equity and liabilities | 10/49 | €44,789 | €49,720 | +€4,932 | +11.0% |
| Equity | 10/15 | €17,057 | €25,725 | +€8,668 | +50.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,057 | €23,725 | +€8,668 | +57.6% |
| Distributable reserves | 133 | €15,057 | €23,725 | +€8,668 | +57.6% |
| Amounts payable | 17/49 | €27,732 | €23,995 | -€3,736 | -13.5% |
| Amounts payable within one year | 42/48 | €27,732 | €23,995 | -€3,736 | -13.5% |
| Trade debts | 44 | €986 | €5,806 | +€4,820 | +488.8% |
| Suppliers | 440/4 | €986 | €5,806 | +€4,820 | +488.8% |
| Taxes, remuneration and social security | 45 | €50 | €1,966 | +€1,916 | +3800.6% |
| Taxes | 450/3 | €50 | €1,966 | +€1,916 | +3800.6% |
| Other amounts payable | 47/48 | €26,696 | €16,224 | -€10,472 | -39.2% |
| Non-recurring operating income | 76A | €151 | - | -€151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,160 | €2,781 | +€621 | +28.8% |
| Gross operating margin | 9900 | -€20,063 | €11,730 | +€31,793 | |
| Operating profit (loss) | 9901 | -€22,223 | €8,950 | +€31,172 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €277 | €225 | -€52 | -18.8% |
| Recurring financial charges | 65 | €277 | €225 | -€52 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,500 | €8,724 | +€31,224 | |
| Income taxes | 67/77 | €54 | €56 | +€2 | +3.1% |
| Profit (loss) for the period | 9904 | -€22,554 | €8,668 | +€31,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,554 | €8,668 | +€31,222 |
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 9 October 2026 via checked.be.