NM Consultancy: 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 Consultancy
Largest movements
- Cash -€102,075
down €102,075 (-73.7%), from €138,568 to €36,492
mainly Contributions, distributions and other (-€50,000) and Investment in fixed assets (net) (-€27,944)
- Tangible fixed assets +€5,156
up €5,156 (+3.1%), from €167,218 to €172,374
of which Land and buildings: +€20,685
- Receivables within one year +€4,804
up €4,804 (+46.1%), from €10,425 to €15,228
of which Other amounts receivable: +€15,076
- Reserves -€50,000
down €50,000 (-32.3%), from €154,597 to €104,597
- Debts after one year -€22,084
down €22,084 (-19.6%), from €112,691 to €90,607
- Profit (loss) carried forward -€14,356
down €14,356, from €0 to -€14,356
- Tax, wage and social debts -€5,068
down €5,068 (-21.3%), from €23,765 to €18,696
of which Taxes: -€5,068
- Gross operating margin -€60,297
down €60,297 (-82.3%), from €73,233 to €12,936
- Taxes -€12,552
down €12,552 (-98.5%), from €12,737 to €186
- Depreciation +€3,462
up €3,462 (+17.9%), from €19,326 to €22,788
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 | €318,273 | €226,028 | -€92,245 | -29.0% |
| Fixed assets | 21/28 | €167,218 | €172,374 | +€5,156 | +3.1% |
| Tangible fixed assets | 22/27 | €167,218 | €172,374 | +€5,156 | +3.1% |
| Land and buildings | 22 | €106,535 | €127,220 | +€20,685 | +19.4% |
| Plant, machinery and equipment | 23 | €4,195 | €2,651 | -€1,544 | -36.8% |
| Furniture and vehicles | 24 | €56,488 | €42,503 | -€13,985 | -24.8% |
| Current assets | 29/58 | €151,055 | €53,654 | -€97,401 | -64.5% |
| Amounts receivable within one year | 40/41 | €10,425 | €15,228 | +€4,804 | +46.1% |
| Trade receivables | 40 | €10,425 | €152 | -€10,273 | -98.5% |
| Other amounts receivable | 41 | - | €15,076 | +€15,076 | |
| Cash at bank and in hand | 54/58 | €138,568 | €36,492 | -€102,075 | -73.7% |
| Deferred charges and accrued income | 490/1 | €2,063 | €1,933 | -€129 | -6.3% |
| Total equity and liabilities | 10/49 | €318,273 | €226,028 | -€92,245 | -29.0% |
| Equity | 10/15 | €155,597 | €91,241 | -€64,356 | -41.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €154,597 | €104,597 | -€50,000 | -32.3% |
| Distributable reserves | 133 | €154,597 | €104,597 | -€50,000 | -32.3% |
| Profit (loss) carried forward | 14 | €0 | -€14,356 | -€14,356 | |
| Amounts payable | 17/49 | €162,676 | €134,787 | -€27,889 | -17.1% |
| Amounts payable after more than one year | 17 | €112,691 | €90,607 | -€22,084 | -19.6% |
| Financial debts | 170/4 | €112,691 | €90,607 | -€22,084 | -19.6% |
| Amounts payable within one year | 42/48 | €49,986 | €44,180 | -€5,805 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €21,428 | €22,084 | +€656 | +3.1% |
| Trade debts | 44 | €1,709 | €1,628 | -€82 | -4.8% |
| Suppliers | 440/4 | €1,709 | €1,628 | -€82 | -4.8% |
| Taxes, remuneration and social security | 45 | €23,765 | €18,696 | -€5,068 | -21.3% |
| Taxes | 450/3 | €21,065 | €15,996 | -€5,068 | -24.1% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €3,083 | €1,772 | -€1,311 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,326 | €22,788 | +€3,462 | +17.9% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €73,233 | €12,936 | -€60,297 | -82.3% |
| Operating profit (loss) | 9901 | €53,394 | -€10,380 | -€63,774 | |
| Financial charges | 65/66B | €4,120 | €3,790 | -€330 | -8.0% |
| Recurring financial charges | 65 | €4,120 | €3,790 | -€330 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €49,273 | -€14,170 | -€63,443 | |
| Income taxes | 67/77 | €12,737 | €186 | -€12,552 | -98.5% |
| Profit (loss) for the period | 9904 | €36,536 | -€14,356 | -€50,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,536 | -€14,356 | -€50,892 |
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.