NMC: 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.
What changed
NMC
NACE 22.240, Manufacture of rubber and plastic products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€3.5m
2023 · €5.1m-€1.6m
Equity
€41.6m
2023 · €38.1m+€3.5m
Cash
€167,563
2023 · €102,608+€64,955
Balance sheet total
€85.3m
2023 · €73.1m+€12.1m
Largest movements
Assets
- Tangible fixed assets +€6.9m
up €6.9m (+19.3%), from €35.7m to €42.6m
of which Assets under construction and advance payments: +€7.7m
- Intangible fixed assets +€4.3m
up €4.3m (+2509.0%), from €171,745 to €4.5m
Equity and liabilities
- Debts after one year +€6.0m
up €6.0m (+66.7%), from €9.0m to €15.0m
- Short-term financial debts +€5.1m
up €5.1m (+110.6%), from €4.6m to €9.7m
of which Credit institutions: +€5.4m
- Profit (loss) carried forward +€3.6m
up €3.6m (+16.2%), from €22.2m to €25.8m
- Other debts -€3.3m
down €3.3m (-97.3%), from €3.4m to €92,269
- Tax, wage and social debts +€1.5m
up €1.5m (+23.7%), from €6.4m to €8.0m
of which Remuneration and social security: +€1.4m
Income statement
- Turnover -€6.0m
down €6.0m (-4.3%), from €140.0m to €134.0m
- Depreciation +€5.8m
up €5.8m (+132.1%), from €4.4m to €10.3m
- Other operating income -€3.8m
down €3.8m (-39.8%), from €9.5m to €5.7m
- Other operating charges -€3.6m
down €3.6m (-79.9%), from €4.5m to €912,971
- Goods and materials -€3.6m
down €3.6m (-7.3%), from €48.9m to €45.3m
of which Purchases: -€2.1m
From the 2023 result to the 2024 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.
Result 2023
€5.1m
Turnover
-€6.0m
Other operating income
-€3.8m
Goods and materials
+€3.6m
Services and other goods
-€590,826
Staff costs
-€3.2m
Depreciation
-€5.8m
Write-downs
-€775,429
Provisions
+€620,531
Other operating charges
+€3.6m
Other operating items
+€11.2m
Financial income
-€49,967
Financial charges
-€1.0m
Taxes
+€761,726
Result 2024
€3.5m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€11.2m
Investment
-€22.2m
Financing
+€11.1m
Cash 2023
€102,608
From operations (derived)
+€11.2m
Net result for the year
+€3.5m
Depreciation
+€10.3m
Stocks and contracts
+€366,146
Smaller working-capital items
+€7,051
Deferred charges and accrued income
-€397,791
Provisions
-€780,022
Tax, wage and social debts
+€1.5m
Other debts
-€3.3m
Investment (derived)
-€22.2m
Investment in fixed assets (net)
-€22.2m
Financing
+€11.1m
Debts after one year
+€6.0m
Short-term financial debts
+€5.1m
Cash 2024
€167,563
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,143,477 | €85,279,287 | +€12.1m | +16.6% |
| Fixed assets | 21/28 | €44,893,474 | €56,885,561 | +€12.0m | +26.7% |
| Intangible fixed assets | 21 | €171,745 | €4,480,837 | +€4.3m | +2509.0% |
| Tangible fixed assets | 22/27 | €35,657,614 | €42,550,299 | +€6.9m | +19.3% |
| Land and buildings | 22 | €7,476,036 | €7,039,955 | -€436,081 | -5.8% |
| Plant, machinery and equipment | 23 | €24,064,266 | €22,762,907 | -€1.3m | -5.4% |
| Furniture and vehicles | 24 | €742,224 | €1,720,108 | +€977,884 | +131.8% |
| Other tangible fixed assets | 26 | €56,866 | €56,866 | = | 0.0% |
| Assets under construction and advance payments | 27 | €3,318,221 | €10,970,462 | +€7.7m | +230.6% |
| Financial fixed assets | 28 | €9,064,116 | €9,854,425 | +€790,309 | +8.7% |
| Affiliated companies | 280/1 | €9,064,116 | €9,854,425 | +€790,309 | +8.7% |
| Participating interests | 280 | €6,600,276 | €7,390,585 | +€790,309 | +12.0% |
| Amounts receivable | 281 | €2,463,840 | €2,463,840 | = | 0.0% |
| Current assets | 29/58 | €28,250,003 | €28,393,726 | +€143,724 | +0.5% |
| Stocks and contracts in progress | 3 | €13,604,242 | €13,238,096 | -€366,146 | -2.7% |
| Stocks | 30/36 | €13,604,242 | €13,238,096 | -€366,146 | -2.7% |
| Raw materials and consumables | 30/31 | €5,338,991 | €5,075,742 | -€263,249 | -4.9% |
| Work in progress | 32 | €739,596 | €763,378 | +€23,783 | +3.2% |
| Finished goods | 33 | €6,333,743 | €6,414,740 | +€80,997 | +1.3% |
| Goods purchased for resale | 34 | €1,142,551 | €962,574 | -€179,977 | -15.8% |
| Property held for sale | 35 | €49,361 | €21,662 | -€27,699 | -56.1% |
| Amounts receivable within one year | 40/41 | €13,933,313 | €13,980,437 | +€47,124 | +0.3% |
| Trade receivables | 40 | €12,818,259 | €13,014,741 | +€196,482 | +1.5% |
| Other amounts receivable | 41 | €1,115,055 | €965,696 | -€149,359 | -13.4% |
| Cash at bank and in hand | 54/58 | €102,608 | €167,563 | +€64,955 | +63.3% |
| Deferred charges and accrued income | 490/1 | €609,839 | €1,007,630 | +€397,791 | +65.2% |
| Total equity and liabilities | 10/49 | €73,143,477 | €85,279,287 | +€12.1m | +16.6% |
| Equity | 10/15 | €38,096,204 | €41,612,431 | +€3.5m | +9.2% |
| Contributions | 10/11 | €9,239,328 | €9,239,328 | = | 0.0% |
| Capital | 10 | €9,239,328 | €9,239,328 | = | 0.0% |
| Issued capital | 100 | €9,239,328 | €9,239,328 | = | 0.0% |
| Revaluation surpluses | 12 | €1,010,407 | €1,010,407 | = | 0.0% |
| Reserves | 13 | €5,650,121 | €5,570,078 | -€80,043 | -1.4% |
| Non-distributable reserves | 130/1 | €1,266,934 | €1,266,934 | = | 0.0% |
| Legal reserve | 130 | €1,266,934 | €1,266,934 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,383,187 | €4,303,144 | -€80,043 | -1.8% |
| Profit (loss) carried forward | 14 | €22,196,348 | €25,792,619 | +€3.6m | +16.2% |
| Provisions and deferred taxes | 16 | €1,586,403 | €806,381 | -€780,022 | -49.2% |
| Provisions for liabilities and charges | 160/5 | €1,132,827 | €394,039 | -€738,788 | -65.2% |
| Pensions and similar obligations | 160 | €208,554 | €144,039 | -€64,515 | -30.9% |
| Major repairs and maintenance | 162 | €924,273 | - | -€924,273 | |
| Other liabilities and charges | 164/5 | - | €250,000 | +€250,000 | |
| Deferred taxes | 168 | €453,576 | €412,342 | -€41,234 | -9.1% |
| Amounts payable | 17/49 | €33,460,871 | €42,860,475 | +€9.4m | +28.1% |
| Amounts payable after more than one year | 17 | €9,000,000 | €15,000,000 | +€6.0m | +66.7% |
| Financial debts | 170/4 | €9,000,000 | €15,000,000 | +€6.0m | +66.7% |
| Subordinated loans | 170 | €9,000,000 | €15,000,000 | +€6.0m | +66.7% |
| Amounts payable within one year | 42/48 | €24,441,185 | €27,822,637 | +€3.4m | +13.8% |
| Financial debts | 43 | €4,616,034 | €9,722,762 | +€5.1m | +110.6% |
| Credit institutions | 430/8 | - | €5,400,000 | +€5.4m | |
| Other loans | 439 | €4,616,034 | €4,322,762 | -€293,272 | -6.4% |
| Trade debts | 44 | €10,013,914 | €10,049,937 | +€36,023 | +0.4% |
| Suppliers | 440/4 | €10,013,914 | €10,049,937 | +€36,023 | +0.4% |
| Taxes, remuneration and social security | 45 | €6,434,754 | €7,957,669 | +€1.5m | +23.7% |
| Taxes | 450/3 | €612,668 | €718,125 | +€105,458 | +17.2% |
| Remuneration and social security | 454/9 | €5,822,086 | €7,239,544 | +€1.4m | +24.3% |
| Other amounts payable | 47/48 | €3,376,483 | €92,269 | -€3.3m | -97.3% |
| Accrued charges and deferred income | 492/3 | €19,686 | €37,838 | +€18,152 | +92.2% |
| Operating income | 70/76A | €148,718,190 | €150,038,227 | +€1.3m | +0.9% |
| Turnover | 70 | €140,046,834 | €134,005,647 | -€6.0m | -4.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,730,062 | €480,468 | +€2.2m | |
| Own construction capitalised | 72 | €854,264 | €9,804,598 | +€9.0m | +1047.7% |
| Other operating income | 74 | €9,547,154 | €5,747,514 | -€3.8m | -39.8% |
| Operating charges | 60/66A | €139,304,293 | €141,875,384 | +€2.6m | +1.8% |
| Goods for resale, raw materials and consumables | 60 | €48,867,109 | €45,292,030 | -€3.6m | -7.3% |
| Purchases | 600/8 | €47,205,296 | €45,067,314 | -€2.1m | -4.5% |
| Change in stocks: decrease (increase) | 609 | €1,661,813 | €224,716 | -€1.4m | -86.5% |
| Services and other goods | 61 | €44,232,223 | €44,823,049 | +€590,826 | +1.3% |
| Remuneration, social security and pensions | 62 | €37,542,997 | €40,738,304 | +€3.2m | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,416,496 | €10,250,300 | +€5.8m | +132.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€177,911 | €597,518 | +€775,429 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€118,257 | -€738,788 | -€620,531 | -524.7% |
| Other operating charges | 640/8 | €4,541,636 | €912,971 | -€3.6m | -79.9% |
| Operating profit (loss) | 9901 | €9,413,897 | €8,162,843 | -€1.3m | -13.3% |
| Financial income | 75/76B | €887,488 | €837,522 | -€49,967 | -5.6% |
| Recurring financial income | 75 | €887,488 | €837,522 | -€49,967 | -5.6% |
| Income from financial fixed assets | 750 | €111,507 | €154,442 | +€42,935 | +38.5% |
| Income from current assets | 751 | €73,656 | €72,186 | -€1,470 | -2.0% |
| Other financial income | 752/9 | €702,326 | €610,894 | -€91,432 | -13.0% |
| Financial charges | 65/66B | €3,681,254 | €4,701,877 | +€1.0m | +27.7% |
| Recurring financial charges | 65 | €3,681,254 | €4,101,877 | +€420,623 | +11.4% |
| Debt charges | 650 | €1,130,811 | €1,631,791 | +€500,980 | +44.3% |
| Other financial charges | 652/9 | €2,550,443 | €2,470,086 | -€80,357 | -3.2% |
| Non-recurring financial charges | 66B | - | €600,000 | +€600,000 | |
| Profit (loss) for the period before taxes | 9903 | €6,620,131 | €4,298,488 | -€2.3m | -35.1% |
| Transfer from deferred taxes | 780 | €41,234 | €41,234 | = | 0.0% |
| Income taxes | 67/77 | €1,585,220 | €823,494 | -€761,726 | -48.1% |
| Taxes | 670/3 | €1,787,000 | €928,476 | -€858,524 | -48.0% |
| Tax adjustments and reversals of tax provisions | 77 | €201,780 | €104,982 | -€96,799 | -48.0% |
| Profit (loss) for the period | 9904 | €5,076,146 | €3,516,228 | -€1.6m | -30.7% |
| Transfer from tax-exempt reserves | 789 | €927,323 | €80,043 | -€847,280 | -91.4% |
| Transfer to tax-exempt reserves | 689 | €997,770 | - | -€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,005,699 | €3,596,271 | -€1.4m | -28.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.