NM INVEST: 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 INVEST
Largest movements
- Cash +€17,298
up €17,298 (+181%), from €9,543 to €26,841
mainly Tax, wage and social debts (+€10,897) and Other debts (+€3,229)
- Deferred charges and accrued income -€518
down €518 (-21.3%), from €2,430 to €1,911
- Tangible fixed assets -€475
down €475 (-11.3%), from €4,207 to €3,732
- Tax, wage and social debts +€10,897
up €10,897 (+81.4%), from €13,388 to €24,284
of which Remuneration and social security: +€7,660
- Other debts +€3,229
up €3,229 (+233%), from €1,383 to €4,612
- Reserves +€2,387
new in 2025: €2,387
- Gross operating margin +€21,289
up €21,289 (+28.3%), from €75,236 to €96,525
- Staff costs +€19,751
up €19,751 (+27.7%), from €71,348 to €91,099
- Taxes +€1,942
up €1,942 (+635%), from €306 to €2,247
- Other operating charges -€1,906
down €1,906 (-78.6%), from €2,426 to €520
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 | €21,030 | €37,285 | +€16,255 | +77.3% |
| Fixed assets | 21/28 | €9,007 | €8,532 | -€475 | -5.3% |
| Tangible fixed assets | 22/27 | €4,207 | €3,732 | -€475 | -11.3% |
| Other tangible fixed assets | 26 | €4,207 | €3,732 | -€475 | -11.3% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €12,023 | €28,753 | +€16,730 | +139% |
| Amounts receivable within one year | 40/41 | €50 | - | -€50 | |
| Other amounts receivable | 41 | €50 | - | -€50 | |
| Cash at bank and in hand | 54/58 | €9,543 | €26,841 | +€17,298 | +181% |
| Deferred charges and accrued income | 490/1 | €2,430 | €1,911 | -€518 | -21.3% |
| Total equity and liabilities | 10/49 | €21,030 | €37,285 | +€16,255 | +77.3% |
| Equity | 10/15 | €6,172 | €8,387 | +€2,215 | +35.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €2,387 | +€2,387 | |
| Distributable reserves | 133 | - | €2,387 | +€2,387 | |
| Profit (loss) carried forward | 14 | €172 | - | -€172 | |
| Amounts payable | 17/49 | €14,858 | €28,898 | +€14,040 | +94.5% |
| Amounts payable within one year | 42/48 | €14,858 | €28,898 | +€14,040 | +94.5% |
| Trade debts | 44 | €87 | €1 | -€86 | -98.5% |
| Suppliers | 440/4 | €87 | €1 | -€86 | -98.5% |
| Taxes, remuneration and social security | 45 | €13,388 | €24,284 | +€10,897 | +81.4% |
| Taxes | 450/3 | €5,845 | €9,082 | +€3,237 | +55.4% |
| Remuneration and social security | 454/9 | €7,543 | €15,202 | +€7,660 | +102% |
| Other amounts payable | 47/48 | €1,383 | €4,612 | +€3,229 | +233% |
| Remuneration, social security and pensions | 62 | €71,348 | €91,099 | +€19,751 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €475 | -€70 | -12.9% |
| Other operating charges | 640/8 | €2,426 | €520 | -€1,906 | -78.6% |
| Gross operating margin | 9900 | €75,236 | €96,525 | +€21,289 | +28.3% |
| Operating profit (loss) | 9901 | €916 | €4,431 | +€3,514 | +384% |
| Financial income | 75/76B | €37 | €66 | +€30 | +80.3% |
| Recurring financial income | 75 | €37 | €66 | +€30 | +80.3% |
| Financial charges | 65/66B | €475 | €34 | -€441 | -92.8% |
| Recurring financial charges | 65 | €475 | €34 | -€441 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | €478 | €4,463 | +€3,985 | +834% |
| Income taxes | 67/77 | €306 | €2,247 | +€1,942 | +635% |
| Profit (loss) for the period | 9904 | €172 | €2,215 | +€2,043 | +1,188% |
| Profit (loss) for the period to be appropriated | 9905 | €172 | €2,215 | +€2,043 | +1,188% |
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 15 October 2026 via checked.be.