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
- Tangible fixed assets -€413,655
down €413,655 (-28.7%), from €1.4m to €1.0m
of which Land and buildings: -€372,340
- Cash +€261,173
up €261,173 (+171%), from €152,473 to €413,646
mainly Investment in fixed assets (net) (+€368,613) and Net result for the year (+€93,446)
- Receivables within one year -€47,715
down €47,715 (-58.7%), from €81,298 to €33,583
of which Other amounts receivable: -€51,355
- Debts after one year -€269,516
down €269,516 (-35.8%), from €752,475 to €482,960
of which Financial debts: -€270,266
- Profit (loss) carried forward +€93,446
up €93,446 (+21.1%), from €442,909 to €536,355
- Gross operating margin -€49,502
down €49,502 (-22.4%), from €221,195 to €171,693
- Depreciation -€8,830
down €8,830 (-16.4%), from €53,873 to €45,042
- Taxes +€7,673
up €7,673 (+1,732%), from €443 to €8,116
- Financial charges -€2,660
down €2,660 (-8.4%), from €31,603 to €28,942
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 | €1,677,937 | €1,482,144 | -€195,793 | -11.7% |
| Fixed assets | 21/28 | €1,444,165 | €1,030,510 | -€413,655 | -28.6% |
| Tangible fixed assets | 22/27 | €1,439,050 | €1,025,395 | -€413,655 | -28.7% |
| Land and buildings | 22 | €1,324,978 | €952,638 | -€372,340 | -28.1% |
| Plant, machinery and equipment | 23 | €65,112 | €50,539 | -€14,573 | -22.4% |
| Furniture and vehicles | 24 | €48,960 | €22,218 | -€26,742 | -54.6% |
| Financial fixed assets | 28 | €5,115 | €5,115 | = | 0.0% |
| Current assets | 29/58 | €233,771 | €451,634 | +€217,862 | +93.2% |
| Amounts receivable within one year | 40/41 | €81,298 | €33,583 | -€47,715 | -58.7% |
| Trade receivables | 40 | €18,016 | €21,656 | +€3,640 | +20.2% |
| Other amounts receivable | 41 | €63,282 | €11,927 | -€51,355 | -81.2% |
| Cash at bank and in hand | 54/58 | €152,473 | €413,646 | +€261,173 | +171% |
| Deferred charges and accrued income | 490/1 | - | €4,405 | +€4,405 | |
| Total equity and liabilities | 10/49 | €1,677,937 | €1,482,144 | -€195,793 | -11.7% |
| Equity | 10/15 | €616,776 | €710,222 | +€93,446 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €155,267 | €155,267 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,550 | €22,550 | = | 0.0% |
| Distributable reserves | 133 | €130,857 | €130,857 | = | 0.0% |
| Profit (loss) carried forward | 14 | €442,909 | €536,355 | +€93,446 | +21.1% |
| Provisions and deferred taxes | 16 | €183,745 | €169,120 | -€14,625 | -8.0% |
| Provisions for liabilities and charges | 160/5 | €183,745 | €169,120 | -€14,625 | -8.0% |
| Environmental obligations | 163 | €183,745 | €169,120 | -€14,625 | -8.0% |
| Amounts payable | 17/49 | €877,416 | €602,802 | -€274,614 | -31.3% |
| Amounts payable after more than one year | 17 | €752,475 | €482,960 | -€269,516 | -35.8% |
| Financial debts | 170/4 | €746,884 | €476,619 | -€270,266 | -36.2% |
| Other amounts payable | 178/9 | €5,591 | €6,341 | +€750 | +13.4% |
| Amounts payable within one year | 42/48 | €124,940 | €119,842 | -€5,098 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €81,489 | €85,059 | +€3,571 | +4.4% |
| Trade debts | 44 | €335 | €628 | +€292 | +87.3% |
| Suppliers | 440/4 | €335 | €628 | +€292 | +87.3% |
| Taxes, remuneration and social security | 45 | €4,774 | €3,374 | -€1,401 | -29.3% |
| Taxes | 450/3 | €914 | €3,374 | +€2,460 | +269% |
| Remuneration and social security | 454/9 | €3,860 | - | -€3,860 | |
| Other amounts payable | 47/48 | €38,342 | €30,782 | -€7,561 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,873 | €45,042 | -€8,830 | -16.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,625 | -€14,625 | = | 0.0% |
| Other operating charges | 640/8 | €9,367 | €10,774 | +€1,407 | +15.0% |
| Gross operating margin | 9900 | €221,195 | €171,693 | -€49,502 | -22.4% |
| Operating profit (loss) | 9901 | €172,580 | €130,501 | -€42,079 | -24.4% |
| Financial income | 75/76B | €0 | €4 | +€4 | +4,375% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +4,375% |
| Financial charges | 65/66B | €31,603 | €28,942 | -€2,660 | -8.4% |
| Recurring financial charges | 65 | €31,603 | €28,942 | -€2,660 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €140,977 | €101,562 | -€39,415 | -28.0% |
| Income taxes | 67/77 | €443 | €8,116 | +€7,673 | +1,732% |
| Profit (loss) for the period | 9904 | €140,534 | €93,446 | -€47,088 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,534 | €93,446 | -€47,088 | -33.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.