NM ADVICE: 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.
NM ADVICE
Largest movements
- Current investments +€160,081
new in 2025: €160,081
- Cash -€25,434
down €25,434 (-68.7%), from €37,021 to €11,587
mainly Current investments (-€160,081) and Receivables within one year (-€3,979)
- Receivables within one year +€3,979
up €3,979 (+21.9%), from €18,150 to €22,129
of which Trade receivables: +€3,630
- Profit (loss) carried forward +€104,655
up €104,655 (+254%), from €41,130 to €145,784
- Tax, wage and social debts +€34,788
up €34,788 (+388%), from €8,966 to €43,754
- Gross operating margin +€104,841
up €104,841 (+252%), from €41,555 to €146,396
- Taxes +€40,731
new in 2025: €40,731
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 | €55,171 | €195,886 | +€140,715 | +255% |
| Fixed assets | 21/28 | - | €965 | +€965 | |
| Tangible fixed assets | 22/27 | - | €815 | +€815 | |
| Furniture and vehicles | 24 | - | €815 | +€815 | |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €55,171 | €194,921 | +€139,750 | +253% |
| Amounts receivable within one year | 40/41 | €18,150 | €22,129 | +€3,979 | +21.9% |
| Trade receivables | 40 | €18,150 | €21,780 | +€3,630 | +20.0% |
| Other amounts receivable | 41 | - | €349 | +€349 | |
| Current investments | 50/53 | - | €160,081 | +€160,081 | |
| Cash at bank and in hand | 54/58 | €37,021 | €11,587 | -€25,434 | -68.7% |
| Deferred charges and accrued income | 490/1 | - | €1,125 | +€1,125 | |
| Total equity and liabilities | 10/49 | €55,171 | €195,886 | +€140,715 | +255% |
| Equity | 10/15 | €46,130 | €150,784 | +€104,655 | +227% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,130 | €145,784 | +€104,655 | +254% |
| Amounts payable | 17/49 | €9,041 | €45,102 | +€36,061 | +399% |
| Amounts payable within one year | 42/48 | €9,041 | €45,102 | +€36,061 | +399% |
| Financial debts | 43 | €76 | €185 | +€109 | +144% |
| Credit institutions | 430/8 | €76 | €185 | +€109 | +144% |
| Trade debts | 44 | - | €1,163 | +€1,163 | |
| Suppliers | 440/4 | - | €1,163 | +€1,163 | |
| Taxes, remuneration and social security | 45 | €8,966 | €43,754 | +€34,788 | +388% |
| Taxes | 450/3 | €8,966 | €43,754 | +€34,788 | +388% |
| Remuneration, social security and pensions | 62 | €95 | €524 | +€429 | +454% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €277 | +€277 | |
| Other operating charges | 640/8 | €322 | €259 | -€63 | -19.6% |
| Gross operating margin | 9900 | €41,555 | €146,396 | +€104,841 | +252% |
| Operating profit (loss) | 9901 | €41,138 | €145,336 | +€104,197 | +253% |
| Financial income | 75/76B | - | €115 | +€115 | |
| Recurring financial income | 75 | - | €115 | +€115 | |
| Financial charges | 65/66B | €9 | €65 | +€57 | +644% |
| Recurring financial charges | 65 | €9 | €65 | +€57 | +644% |
| Profit (loss) for the period before taxes | 9903 | €41,130 | €145,385 | +€104,256 | +253% |
| Income taxes | 67/77 | - | €40,731 | +€40,731 | |
| Profit (loss) for the period | 9904 | €41,130 | €104,655 | +€63,525 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €41,130 | €104,655 | +€63,525 | +154% |
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 24 October 2026 via checked.be.