NMB Projects: 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.
NMB Projects
Largest movements
- Cash -€116,121
down €116,121 (-71.8%), from €161,627 to €45,506
mainly Current investments (-€100,970) and Investment in fixed assets (net) (-€20,560)
- Current investments +€100,970
up €100,970 (+106%), from €94,916 to €195,886
- Receivables within one year -€6,637
down €6,637 (-36.6%), from €18,117 to €11,480
of which Other amounts receivable: -€3,532
- Debts after one year -€16,098
down €16,098 (-33.6%), from €47,848 to €31,750
- Accrued charges and deferred income -€6,418
down €6,418 (-100%), from €6,418 to €0
- Profit (loss) carried forward -€5,005
down €5,005 (-136%), from -€3,685 to -€8,690
- Other debts +€3,938
up €3,938, from €0 to €3,938
- Gross operating margin -€2,664
down €2,664 (-6.3%), from €42,530 to €39,867
- Other operating charges -€2,390
down €2,390 (-57.3%), from €4,174 to €1,784
- Financial charges +€1,094
up €1,094 (+6.1%), from €18,078 to €19,172
- Depreciation +€631
up €631 (+2.9%), from €22,096 to €22,727
- Taxes +€532
up €532 (+80.9%), from €657 to €1,189
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 | €363,021 | €340,292 | -€22,729 | -6.3% |
| Fixed assets | 21/28 | €84,057 | €81,890 | -€2,167 | -2.6% |
| Tangible fixed assets | 22/27 | €84,057 | €81,890 | -€2,167 | -2.6% |
| Plant, machinery and equipment | 23 | €3,195 | €2,431 | -€764 | -23.9% |
| Furniture and vehicles | 24 | €76,768 | €56,093 | -€20,676 | -26.9% |
| Other tangible fixed assets | 26 | €4,094 | €23,366 | +€19,272 | +471% |
| Current assets | 29/58 | €278,964 | €258,402 | -€20,562 | -7.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €18,117 | €11,480 | -€6,637 | -36.6% |
| Trade receivables | 40 | €13,775 | €10,669 | -€3,105 | -22.5% |
| Other amounts receivable | 41 | €4,343 | €811 | -€3,532 | -81.3% |
| Current investments | 50/53 | €94,916 | €195,886 | +€100,970 | +106% |
| Cash at bank and in hand | 54/58 | €161,627 | €45,506 | -€116,121 | -71.8% |
| Deferred charges and accrued income | 490/1 | €4,303 | €5,530 | +€1,227 | +28.5% |
| Total equity and liabilities | 10/49 | €363,021 | €340,292 | -€22,729 | -6.3% |
| Equity | 10/15 | €282,158 | €277,153 | -€5,005 | -1.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €85,843 | €85,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €296 | €296 | = | 0.0% |
| Reserves not available under the articles | 1311 | €296 | €296 | = | 0.0% |
| Distributable reserves | 133 | €85,547 | €85,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,685 | -€8,690 | -€5,005 | -136% |
| Amounts payable | 17/49 | €80,863 | €63,139 | -€17,724 | -21.9% |
| Amounts payable after more than one year | 17 | €47,848 | €31,750 | -€16,098 | -33.6% |
| Financial debts | 170/4 | €47,848 | €31,750 | -€16,098 | -33.6% |
| Amounts payable within one year | 42/48 | €26,597 | €31,389 | +€4,792 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €15,291 | €16,098 | +€807 | +5.3% |
| Trade debts | 44 | €5,687 | €7,765 | +€2,077 | +36.5% |
| Suppliers | 440/4 | €5,687 | €7,765 | +€2,077 | +36.5% |
| Taxes, remuneration and social security | 45 | €5,619 | €3,588 | -€2,031 | -36.1% |
| Taxes | 450/3 | €5,619 | €3,588 | -€2,031 | -36.1% |
| Other amounts payable | 47/48 | €0 | €3,938 | +€3,938 | |
| Accrued charges and deferred income | 492/3 | €6,418 | €0 | -€6,418 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,096 | €22,727 | +€631 | +2.9% |
| Other operating charges | 640/8 | €4,174 | €1,784 | -€2,390 | -57.3% |
| Non-recurring operating charges | 66A | €1,271 | €0 | -€1,271 | -100% |
| Gross operating margin | 9900 | €42,530 | €39,867 | -€2,664 | -6.3% |
| Operating profit (loss) | 9901 | €14,989 | €15,355 | +€366 | +2.4% |
| Financial income | 75/76B | €61 | €1 | -€60 | -98.7% |
| Recurring financial income | 75 | €61 | €1 | -€60 | -98.7% |
| Financial charges | 65/66B | €18,078 | €19,172 | +€1,094 | +6.1% |
| Recurring financial charges | 65 | €18,078 | €19,172 | +€1,094 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,028 | -€3,816 | -€788 | -26.0% |
| Income taxes | 67/77 | €657 | €1,189 | +€532 | +80.9% |
| Profit (loss) for the period | 9904 | -€3,685 | -€5,005 | -€1,319 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,685 | -€5,005 | -€1,319 | -35.8% |
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.