NMC BROTHERS: 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.
NMC BROTHERS
Largest movements
- Receivables within one year +€130,528
up €130,528 (+101.4%), from €128,728 to €259,255
of which Trade receivables: +€139,377
- Stocks and contracts +€79,780
up €79,780 (+16.6%), from €480,000 to €559,780
- Cash -€50,228
down €50,228 (-72.4%), from €69,342 to €19,113
mainly Receivables within one year (-€130,528) and Stocks and contracts (-€79,780)
- Trade debts +€168,347
up €168,347 (+49.1%), from €342,802 to €511,149
- Debts after one year -€26,762
down €26,762 (-26.2%), from €102,097 to €75,334
- Profit (loss) carried forward +€26,230
up €26,230, from -€23,020 to €3,209
- Other debts -€19,792
down €19,792 (-8.7%), from €226,355 to €206,564
- Tax, wage and social debts +€10,895
up €10,895 (+43.6%), from €24,969 to €35,864
of which Taxes: +€15,454
- Staff costs +€28,968
up €28,968 (+83.7%), from €34,591 to €63,559
- Gross operating margin -€27,736
down €27,736 (-18.4%), from €150,562 to €122,827
- Depreciation +€6,968
up €6,968 (+47.0%), from €14,822 to €21,790
- Financial charges +€1,654
up €1,654 (+22.7%), from €7,286 to €8,941
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.
Cash bridge derived
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 | €736,301 | €888,883 | +€152,582 | +20.7% |
| Fixed assets | 21/28 | €58,232 | €50,734 | -€7,498 | -12.9% |
| Tangible fixed assets | 22/27 | €45,107 | €37,609 | -€7,498 | -16.6% |
| Plant, machinery and equipment | 23 | €3,236 | €2,818 | -€419 | -12.9% |
| Furniture and vehicles | 24 | €32,166 | €26,097 | -€6,069 | -18.9% |
| Other tangible fixed assets | 26 | €9,704 | €8,694 | -€1,010 | -10.4% |
| Financial fixed assets | 28 | €13,125 | €13,125 | = | 0.0% |
| Current assets | 29/58 | €678,069 | €838,149 | +€160,080 | +23.6% |
| Stocks and contracts in progress | 3 | €480,000 | €559,780 | +€79,780 | +16.6% |
| Stocks | 30/36 | €480,000 | €559,780 | +€79,780 | +16.6% |
| Amounts receivable within one year | 40/41 | €128,728 | €259,255 | +€130,528 | +101.4% |
| Trade receivables | 40 | €119,878 | €259,255 | +€139,377 | +116.3% |
| Other amounts receivable | 41 | €8,850 | - | -€8,850 | |
| Cash at bank and in hand | 54/58 | €69,342 | €19,113 | -€50,228 | -72.4% |
| Total equity and liabilities | 10/49 | €736,301 | €888,883 | +€152,582 | +20.7% |
| Equity | 10/15 | €6,980 | €33,209 | +€26,230 | +375.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,020 | €3,209 | +€26,230 | |
| Amounts payable | 17/49 | €729,321 | €855,673 | +€126,352 | +17.3% |
| Amounts payable after more than one year | 17 | €102,097 | €75,334 | -€26,762 | -26.2% |
| Financial debts | 170/4 | €102,097 | €75,334 | -€26,762 | -26.2% |
| Amounts payable within one year | 42/48 | €627,224 | €780,339 | +€153,115 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €33,098 | €26,762 | -€6,335 | -19.1% |
| Trade debts | 44 | €342,802 | €511,149 | +€168,347 | +49.1% |
| Suppliers | 440/4 | €342,802 | €511,149 | +€168,347 | +49.1% |
| Taxes, remuneration and social security | 45 | €24,969 | €35,864 | +€10,895 | +43.6% |
| Taxes | 450/3 | €15,272 | €30,726 | +€15,454 | +101.2% |
| Remuneration and social security | 454/9 | €9,697 | €5,138 | -€4,559 | -47.0% |
| Other amounts payable | 47/48 | €226,355 | €206,564 | -€19,792 | -8.7% |
| Remuneration, social security and pensions | 62 | €34,591 | €63,559 | +€28,968 | +83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,822 | €21,790 | +€6,968 | +47.0% |
| Other operating charges | 640/8 | €2,840 | €2,429 | -€410 | -14.5% |
| Gross operating margin | 9900 | €150,562 | €122,827 | -€27,736 | -18.4% |
| Operating profit (loss) | 9901 | €98,310 | €35,049 | -€63,261 | -64.3% |
| Financial income | 75/76B | €3 | €121 | +€119 | +4511.8% |
| Recurring financial income | 75 | €3 | €121 | +€119 | +4511.8% |
| Financial charges | 65/66B | €7,286 | €8,941 | +€1,654 | +22.7% |
| Recurring financial charges | 65 | €7,286 | €8,941 | +€1,654 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €91,026 | €26,230 | -€64,797 | -71.2% |
| Profit (loss) for the period | 9904 | €91,026 | €26,230 | -€64,797 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,026 | €26,230 | -€64,797 | -71.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.