NM GROUP: 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 GROUP
Largest movements
- Receivables within one year +€842,997
up €842,997 (+40.8%), from €2.1m to €2.9m
of which Other amounts receivable: +€747,246
- Financial fixed assets +€229,000
up €229,000 (+234.4%), from €97,700 to €326,700
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Other debts +€1.5m
up €1.5m (+766.9%), from €193,327 to €1.7m
- Debts after one year -€580,000
down €580,000 (-36.7%), from €1.6m to €1.0m
- Accrued charges and deferred income +€82,877
new in 2025: €82,877
- Trade debts -€36,390
down €36,390 (-80.6%), from €45,151 to €8,760
- Financial charges +€377,989
up €377,989 (+26979.2%), from €1,401 to €379,390
of which Financial charges: +€368,989
- Gross operating margin +€326,721
up €326,721, from -€209,229 to €117,492
- Financial income +€254,716
up €254,716 (+261.5%), from €97,411 to €352,126
of which Financial income: +€239,716
- Other operating charges -€8,023
down €8,023 (-84.4%), from €9,512 to €1,488
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 | €2,398,901 | €3,324,668 | +€925,767 | +38.6% |
| Fixed assets | 21/28 | €167,859 | €401,788 | +€233,930 | +139.4% |
| Tangible fixed assets | 22/27 | €70,159 | €75,088 | +€4,930 | +7.0% |
| Furniture and vehicles | 24 | €13,684 | €13,684 | = | 0.0% |
| Other tangible fixed assets | 26 | €56,475 | €61,404 | +€4,930 | +8.7% |
| Financial fixed assets | 28 | €97,700 | €326,700 | +€229,000 | +234.4% |
| Current assets | 29/58 | €2,231,042 | €2,922,879 | +€691,838 | +31.0% |
| Amounts receivable within one year | 40/41 | €2,065,402 | €2,908,398 | +€842,997 | +40.8% |
| Trade receivables | 40 | €85,000 | €180,751 | +€95,751 | +112.6% |
| Other amounts receivable | 41 | €1,980,402 | €2,727,647 | +€747,246 | +37.7% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €15,640 | €14,481 | -€1,159 | -7.4% |
| Total equity and liabilities | 10/49 | €2,398,901 | €3,324,668 | +€925,767 | +38.6% |
| Equity | 10/15 | €541,423 | €544,163 | +€2,741 | +0.5% |
| Contributions | 10/11 | €12,909 | €12,909 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €526,658 | €529,399 | +€2,741 | +0.5% |
| Amounts payable | 17/49 | €1,857,478 | €2,780,505 | +€923,027 | +49.7% |
| Amounts payable after more than one year | 17 | €1,580,000 | €1,000,000 | -€580,000 | -36.7% |
| Financial debts | 170/4 | €1,580,000 | €1,000,000 | -€580,000 | -36.7% |
| Amounts payable within one year | 42/48 | €277,478 | €1,697,628 | +€1.4m | +511.8% |
| Trade debts | 44 | €45,151 | €8,760 | -€36,390 | -80.6% |
| Suppliers | 440/4 | €45,151 | €8,760 | -€36,390 | -80.6% |
| Taxes, remuneration and social security | 45 | €39,000 | €12,900 | -€26,100 | -66.9% |
| Taxes | 450/3 | €39,000 | €12,900 | -€26,100 | -66.9% |
| Other amounts payable | 47/48 | €193,327 | €1,675,968 | +€1.5m | +766.9% |
| Accrued charges and deferred income | 492/3 | - | €82,877 | +€82,877 | |
| Non-recurring operating income | 76A | - | €134,230 | +€134,230 | |
| Other operating charges | 640/8 | €9,512 | €1,488 | -€8,023 | -84.4% |
| Gross operating margin | 9900 | -€209,229 | €117,492 | +€326,721 | |
| Operating profit (loss) | 9901 | -€218,740 | €116,004 | +€334,744 | |
| Financial income | 75/76B | €97,411 | €352,126 | +€254,716 | +261.5% |
| Recurring financial income | 75 | €97,411 | €337,126 | +€239,716 | +246.1% |
| Non-recurring financial income | 76B | - | €15,000 | +€15,000 | |
| Financial charges | 65/66B | €1,401 | €379,390 | +€377,989 | +26979.2% |
| Recurring financial charges | 65 | €401 | €369,390 | +€368,989 | +92008.0% |
| Non-recurring financial charges | 66B | €1,000 | €10,000 | +€9,000 | +900.0% |
| Profit (loss) for the period before taxes | 9903 | -€122,731 | €88,741 | +€211,471 | |
| Profit (loss) for the period | 9904 | -€122,731 | €88,741 | +€211,471 | |
| Profit (loss) for the period to be appropriated | 9905 | -€122,731 | €88,741 | +€211,471 |
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 2 October 2026 via checked.be.