NM-ELEC: 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-ELEC
Largest movements
- Receivables within one year +€2,601
up €2,601 (+22.3%), from €11,638 to €14,239
of which Trade receivables: +€6,452
- Cash +€1,441
up €1,441 (+15.7%), from €9,177 to €10,618
mainly Net result for the year (+€3,415) and Tax, wage and social debts (+€2,035)
- Deferred charges and accrued income +€796
new in 2025: €796
- Reserves +€3,000
up €3,000 (+30.0%), from €10,000 to €13,000
- Tax, wage and social debts +€2,035
up €2,035 (+50.9%), from €4,000 to €6,035
- Trade debts -€1,060
down €1,060 (-67.8%), from €1,563 to €503
- Other debts +€448
new in 2025: €448
- Profit (loss) carried forward +€415
up €415 (+111.6%), from €372 to €787
- Turnover +€95,532
new in 2025: €95,532
- Purchases and services +€90,265
new in 2025: €90,265
- Gross operating margin -€9,312
down €9,312 (-54.8%), from €16,987 to €7,675
- Taxes -€2,562
down €2,562 (-64.1%), from €4,000 to €1,438
- Financial charges +€1,382
up €1,382 (+203.2%), from €680 to €2,062
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 | €20,935 | €25,773 | +€4,838 | +23.1% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €20,815 | €25,653 | +€4,838 | +23.2% |
| Amounts receivable within one year | 40/41 | €11,638 | €14,239 | +€2,601 | +22.3% |
| Trade receivables | 40 | €7,787 | €14,239 | +€6,452 | +82.9% |
| Other amounts receivable | 41 | €3,851 | - | -€3,851 | |
| Cash at bank and in hand | 54/58 | €9,177 | €10,618 | +€1,441 | +15.7% |
| Deferred charges and accrued income | 490/1 | - | €796 | +€796 | |
| Total equity and liabilities | 10/49 | €20,935 | €25,773 | +€4,838 | +23.1% |
| Equity | 10/15 | €15,372 | €18,787 | +€3,415 | +22.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €13,000 | +€3,000 | +30.0% |
| Distributable reserves | 133 | €10,000 | €13,000 | +€3,000 | +30.0% |
| Profit (loss) carried forward | 14 | €372 | €787 | +€415 | +111.6% |
| Amounts payable | 17/49 | €5,563 | €6,986 | +€1,423 | +25.6% |
| Amounts payable within one year | 42/48 | €5,563 | €6,986 | +€1,423 | +25.6% |
| Trade debts | 44 | €1,563 | €503 | -€1,060 | -67.8% |
| Suppliers | 440/4 | €1,563 | €503 | -€1,060 | -67.8% |
| Taxes, remuneration and social security | 45 | €4,000 | €6,035 | +€2,035 | +50.9% |
| Taxes | 450/3 | €4,000 | €6,035 | +€2,035 | +50.9% |
| Other amounts payable | 47/48 | - | €448 | +€448 | |
| Turnover | 70 | - | €95,532 | +€95,532 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €90,265 | +€90,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | - | -€950 | |
| Other operating charges | 640/8 | €985 | €868 | -€117 | -11.9% |
| Gross operating margin | 9900 | €16,987 | €7,675 | -€9,312 | -54.8% |
| Operating profit (loss) | 9901 | €15,052 | €6,807 | -€8,245 | -54.8% |
| Financial income | 75/76B | - | €108 | +€108 | |
| Recurring financial income | 75 | - | €108 | +€108 | |
| Financial charges | 65/66B | €680 | €2,062 | +€1,382 | +203.2% |
| Recurring financial charges | 65 | €680 | €2,062 | +€1,382 | +203.2% |
| Profit (loss) for the period before taxes | 9903 | €14,372 | €4,853 | -€9,519 | -66.2% |
| Income taxes | 67/77 | €4,000 | €1,438 | -€2,562 | -64.1% |
| Profit (loss) for the period | 9904 | €10,372 | €3,415 | -€6,957 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,372 | €3,415 | -€6,957 | -67.1% |
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 1 October 2026 via checked.be.