NM Construction: 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.
NM Construction
Largest movements
- Tangible fixed assets -€10,743
down €10,743 (-23.8%), from €45,120 to €34,377
of which Furniture and vehicles: -€15,263
- Receivables within one year -€9,935
down €9,935 (-67.0%), from €14,827 to €4,892
of which Other amounts receivable: -€11,266
- Cash +€7,255
up €7,255 (+67.6%), from €10,730 to €17,985
mainly Depreciation (+€16,228) and Accrued charges and deferred income (+€15,000)
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Trade debts -€11,464
down €11,464 (-93.9%), from €12,203 to €739
- Debts after one year -€10,141
down €10,141 (-30.9%), from €32,773 to €22,632
- Profit (loss) carried forward -€5,555
down €5,555, from €3,596 to -€1,959
- Tax, wage and social debts -€4,761
down €4,761 (-83.4%), from €5,705 to €944
- Gross operating margin -€15,114
down €15,114 (-52.6%), from €28,749 to €13,635
- Depreciation +€2,784
up €2,784 (+20.7%), from €13,444 to €16,228
- Taxes -€1,778
down €1,778 (-82.9%), from €2,144 to €366
- Other operating charges -€790
down €790 (-52.2%), from €1,514 to €724
- Financial charges -€478
down €478 (-20.3%), from €2,350 to €1,872
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 | €71,098 | €57,599 | -€13,499 | -19.0% |
| Fixed assets | 21/28 | €45,120 | €34,377 | -€10,743 | -23.8% |
| Tangible fixed assets | 22/27 | €45,120 | €34,377 | -€10,743 | -23.8% |
| Plant, machinery and equipment | 23 | €1,212 | €5,731 | +€4,519 | +372.9% |
| Furniture and vehicles | 24 | €43,909 | €28,646 | -€15,263 | -34.8% |
| Current assets | 29/58 | €25,978 | €23,222 | -€2,756 | -10.6% |
| Amounts receivable within one year | 40/41 | €14,827 | €4,892 | -€9,935 | -67.0% |
| Trade receivables | 40 | - | €1,330 | +€1,330 | |
| Other amounts receivable | 41 | €14,827 | €3,561 | -€11,266 | -76.0% |
| Cash at bank and in hand | 54/58 | €10,730 | €17,985 | +€7,255 | +67.6% |
| Deferred charges and accrued income | 490/1 | €421 | €345 | -€76 | -18.0% |
| Total equity and liabilities | 10/49 | €71,098 | €57,599 | -€13,499 | -19.0% |
| Equity | 10/15 | €3,696 | -€1,859 | -€5,555 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,596 | -€1,959 | -€5,555 | |
| Amounts payable | 17/49 | €67,402 | €59,458 | -€7,944 | -11.8% |
| Amounts payable after more than one year | 17 | €32,773 | €22,632 | -€10,141 | -30.9% |
| Financial debts | 170/4 | €32,773 | €22,632 | -€10,141 | -30.9% |
| Amounts payable within one year | 42/48 | €34,629 | €21,826 | -€12,803 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €9,686 | €10,141 | +€455 | +4.7% |
| Trade debts | 44 | €12,203 | €739 | -€11,464 | -93.9% |
| Suppliers | 440/4 | €12,203 | €739 | -€11,464 | -93.9% |
| Taxes, remuneration and social security | 45 | €5,705 | €944 | -€4,761 | -83.4% |
| Taxes | 450/3 | €5,705 | €944 | -€4,761 | -83.4% |
| Other amounts payable | 47/48 | €7,035 | €10,002 | +€2,967 | +42.2% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,444 | €16,228 | +€2,784 | +20.7% |
| Other operating charges | 640/8 | €1,514 | €724 | -€790 | -52.2% |
| Gross operating margin | 9900 | €28,749 | €13,635 | -€15,114 | -52.6% |
| Operating profit (loss) | 9901 | €13,790 | -€3,317 | -€17,107 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.9% |
| Financial charges | 65/66B | €2,350 | €1,872 | -€478 | -20.3% |
| Recurring financial charges | 65 | €2,350 | €1,872 | -€478 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €11,442 | -€5,189 | -€16,631 | |
| Income taxes | 67/77 | €2,144 | €366 | -€1,778 | -82.9% |
| Profit (loss) for the period | 9904 | €9,297 | -€5,555 | -€14,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,297 | -€5,555 | -€14,852 |
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 29 September 2026 via checked.be.