NMCN: 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.
NMCN
Largest movements
- Tangible fixed assets +€78,406
new in 2025: €78,406
- Cash -€7,541
down €7,541 (-50.7%), from €14,885 to €7,345
mainly Investment in fixed assets (net) (-€87,947) and Receivables within one year (-€1,284)
- Receivables within one year +€1,284
new in 2025: €1,284
of which Trade receivables: +€783
- Debts after one year +€42,379
up €42,379 (+551.2%), from €7,689 to €50,068
- Short-term financial debts +€13,763
up €13,763 (+188.2%), from €7,311 to €21,074
- Profit (loss) carried forward +€10,444
up €10,444, from -€3,115 to €7,329
- Other debts +€4,415
new in 2025: €4,415
- Trade debts +€1,148
new in 2025: €1,148
- Gross operating margin +€30,844
up €30,844, from -€1,387 to €29,457
- Depreciation +€7,919
up €7,919 (+488.3%), from €1,622 to €9,541
- Taxes +€4,499
new in 2025: €4,499
- Other operating charges +€3,007
up €3,007 (+2849.8%), from €106 to €3,112
- Financial charges +€1,861
up €1,861 (+224172.3%), from €1 to €1,861
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 | €14,885 | €87,035 | +€72,150 | +484.7% |
| Fixed assets | 21/28 | - | €78,406 | +€78,406 | |
| Tangible fixed assets | 22/27 | - | €78,406 | +€78,406 | |
| Furniture and vehicles | 24 | - | €78,406 | +€78,406 | |
| Current assets | 29/58 | €14,885 | €8,628 | -€6,257 | -42.0% |
| Amounts receivable within one year | 40/41 | - | €1,284 | +€1,284 | |
| Trade receivables | 40 | - | €783 | +€783 | |
| Other amounts receivable | 41 | - | €501 | +€501 | |
| Cash at bank and in hand | 54/58 | €14,885 | €7,345 | -€7,541 | -50.7% |
| Total equity and liabilities | 10/49 | €14,885 | €87,035 | +€72,150 | +484.7% |
| Equity | 10/15 | -€115 | €10,329 | +€10,444 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,115 | €7,329 | +€10,444 | |
| Amounts payable | 17/49 | €15,000 | €76,705 | +€61,705 | +411.4% |
| Amounts payable after more than one year | 17 | €7,689 | €50,068 | +€42,379 | +551.2% |
| Financial debts | 170/4 | €7,689 | €50,068 | +€42,379 | +551.2% |
| Amounts payable within one year | 42/48 | €7,311 | €26,637 | +€19,326 | +264.3% |
| Financial debts | 43 | €7,311 | €21,074 | +€13,763 | +188.2% |
| Credit institutions | 430/8 | €7,311 | €21,074 | +€13,763 | +188.2% |
| Trade debts | 44 | - | €1,148 | +€1,148 | |
| Suppliers | 440/4 | - | €1,148 | +€1,148 | |
| Other amounts payable | 47/48 | - | €4,415 | +€4,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,622 | €9,541 | +€7,919 | +488.3% |
| Other operating charges | 640/8 | €106 | €3,112 | +€3,007 | +2849.8% |
| Gross operating margin | 9900 | -€1,387 | €29,457 | +€30,844 | |
| Operating profit (loss) | 9901 | -€3,114 | €16,805 | +€19,919 | |
| Financial charges | 65/66B | €1 | €1,861 | +€1,861 | +224172.3% |
| Recurring financial charges | 65 | €1 | €1,861 | +€1,861 | +224172.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,115 | €14,943 | +€18,058 | |
| Income taxes | 67/77 | - | €4,499 | +€4,499 | |
| Profit (loss) for the period | 9904 | -€3,115 | €10,444 | +€13,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,115 | €10,444 | +€13,559 |
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 4 October 2026 via checked.be.