NML: 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.
NML
Largest movements
- Receivables within one year +€5,412
up €5,412 (+8.8%), from €61,559 to €66,971
- Tangible fixed assets -€2,479
no longer reported in 2025 (was €2,479)
- Other debts +€5,249
up €5,249 (+62.1%), from €8,454 to €13,704
- Trade debts -€4,838
down €4,838 (-19.5%), from €24,793 to €19,955
- Profit (loss) carried forward +€2,969
up €2,969 (+22.8%), from €13,015 to €15,984
- Other operating charges +€426
up €426 (+170.3%), from €250 to €676
- Taxes -€192
down €192 (-13.5%), from €1,422 to €1,230
- Depreciation -€111
down €111 (-4.3%), from €2,590 to €2,479
- Gross operating margin -€89
down €89 (-1.1%), from €8,034 to €7,945
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 | €65,350 | €68,121 | +€2,771 | +4.2% |
| Fixed assets | 21/28 | €2,479 | - | -€2,479 | |
| Tangible fixed assets | 22/27 | €2,479 | - | -€2,479 | |
| Furniture and vehicles | 24 | €2,479 | - | -€2,479 | |
| Current assets | 29/58 | €62,871 | €68,121 | +€5,250 | +8.4% |
| Amounts receivable within one year | 40/41 | €61,559 | €66,971 | +€5,412 | +8.8% |
| Trade receivables | 40 | €61,559 | €66,971 | +€5,412 | +8.8% |
| Cash at bank and in hand | 54/58 | €1,052 | €1,150 | +€98 | +9.3% |
| Deferred charges and accrued income | 490/1 | €260 | - | -€260 | |
| Total equity and liabilities | 10/49 | €65,350 | €68,121 | +€2,771 | +4.2% |
| Equity | 10/15 | €24,650 | €27,619 | +€2,969 | +12.0% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €435 | €435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €435 | €435 | = | 0.0% |
| Reserves not available under the articles | 1311 | €435 | €435 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,015 | €15,984 | +€2,969 | +22.8% |
| Amounts payable | 17/49 | €40,700 | €40,502 | -€198 | -0.5% |
| Amounts payable within one year | 42/48 | €40,700 | €40,502 | -€198 | -0.5% |
| Trade debts | 44 | €24,793 | €19,955 | -€4,838 | -19.5% |
| Suppliers | 440/4 | €24,793 | €19,955 | -€4,838 | -19.5% |
| Taxes, remuneration and social security | 45 | €7,453 | €6,844 | -€610 | -8.2% |
| Taxes | 450/3 | €7,453 | €6,844 | -€610 | -8.2% |
| Other amounts payable | 47/48 | €8,454 | €13,704 | +€5,249 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,590 | €2,479 | -€111 | -4.3% |
| Other operating charges | 640/8 | €250 | €676 | +€426 | +170.3% |
| Gross operating margin | 9900 | €8,034 | €7,945 | -€89 | -1.1% |
| Operating profit (loss) | 9901 | €5,194 | €4,790 | -€404 | -7.8% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €661 | €591 | -€70 | -10.6% |
| Recurring financial charges | 65 | €661 | €591 | -€70 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €4,537 | €4,199 | -€338 | -7.4% |
| Income taxes | 67/77 | €1,422 | €1,230 | -€192 | -13.5% |
| Profit (loss) for the period | 9904 | €3,115 | €2,969 | -€146 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,115 | €2,969 | -€146 | -4.7% |
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.