NM IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€74,118
down €74,118 (-5.6%), from €1.3m to €1.3m
- Cash -€29,357
down €29,357 (-86.2%), from €34,053 to €4,696
mainly Debts after one year (-€95,660) and Net result for the year (-€18,333)
- Debts after one year -€95,660
down €95,660 (-8.9%), from €1.1m to €981,020
- Profit (loss) carried forward -€18,333
down €18,333 (-73.1%), from €25,073 to €6,740
- Gross operating margin -€15,266
down €15,266 (-14.0%), from €108,717 to €93,451
- Other operating charges +€7,955
up €7,955 (+108%), from €7,398 to €15,353
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 | €1,387,675 | €1,276,713 | -€110,962 | -8.0% |
| Fixed assets | 21/28 | €1,335,122 | €1,261,004 | -€74,118 | -5.6% |
| Tangible fixed assets | 22/27 | €1,335,122 | €1,261,004 | -€74,118 | -5.6% |
| Land and buildings | 22 | €1,335,122 | €1,261,004 | -€74,118 | -5.6% |
| Current assets | 29/58 | €52,553 | €15,709 | -€36,844 | -70.1% |
| Amounts receivable within one year | 40/41 | €18,500 | €10,000 | -€8,500 | -45.9% |
| Trade receivables | 40 | €8,500 | - | -€8,500 | |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,053 | €4,696 | -€29,357 | -86.2% |
| Deferred charges and accrued income | 490/1 | - | €1,013 | +€1,013 | |
| Total equity and liabilities | 10/49 | €1,387,675 | €1,276,713 | -€110,962 | -8.0% |
| Equity | 10/15 | €59,460 | €39,715 | -€19,745 | -33.2% |
| Contributions | 10/11 | €18,854 | €18,854 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,073 | €6,740 | -€18,333 | -73.1% |
| Investment grants | 15 | €15,533 | €14,121 | -€1,412 | -9.1% |
| Amounts payable | 17/49 | €1,328,215 | €1,236,998 | -€91,217 | -6.9% |
| Amounts payable after more than one year | 17 | €1,076,680 | €981,020 | -€95,660 | -8.9% |
| Financial debts | 170/4 | €1,076,680 | €981,020 | -€95,660 | -8.9% |
| Amounts payable within one year | 42/48 | €251,535 | €247,478 | -€4,057 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €95,230 | €95,660 | +€430 | +0.5% |
| Financial debts | 43 | €137,074 | €137,074 | = | 0.0% |
| Credit institutions | 430/8 | €137,074 | €137,074 | = | 0.0% |
| Trade debts | 44 | €14,931 | €14,744 | -€187 | -1.3% |
| Suppliers | 440/4 | €14,931 | €14,744 | -€187 | -1.3% |
| Taxes, remuneration and social security | 45 | €4,300 | - | -€4,300 | |
| Taxes | 450/3 | €4,300 | - | -€4,300 | |
| Accrued charges and deferred income | 492/3 | - | €8,500 | +€8,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,185 | €74,118 | -€1,067 | -1.4% |
| Other operating charges | 640/8 | €7,398 | €15,353 | +€7,955 | +108% |
| Gross operating margin | 9900 | €108,717 | €93,451 | -€15,266 | -14.0% |
| Operating profit (loss) | 9901 | €26,134 | €3,980 | -€22,154 | -84.8% |
| Financial charges | 65/66B | €22,601 | €22,313 | -€288 | -1.3% |
| Recurring financial charges | 65 | €22,601 | €22,313 | -€288 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €3,533 | -€18,333 | -€21,866 | |
| Profit (loss) for the period | 9904 | €3,533 | -€18,333 | -€21,866 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,533 | -€18,333 | -€21,866 |
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 14 October 2026 via checked.be.