NMMA: 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.
NMMA
Largest movements
- Stocks and contracts -€12,000
down €12,000 (-58.4%), from €20,563 to €8,563
- Cash -€3,742
down €3,742 (-60.1%), from €6,223 to €2,481
mainly Tax, wage and social debts (-€10,786) and Other debts (-€10,040)
- Tangible fixed assets -€1,598
down €1,598 (-84.1%), from €1,900 to €302
of which Furniture and vehicles: -€1,400
- Tax, wage and social debts -€10,786
down €10,786 (-68.9%), from €15,652 to €4,867
of which Remuneration and social security: -€14,369
- Other debts -€10,040
no longer reported in 2025 (was €10,040)
- Profit (loss) carried forward +€2,235
up €2,235 (+14.2%), from -€15,721 to -€13,487
- Trade debts +€1,227
up €1,227 (+47.6%), from €2,576 to €3,803
- Gross operating margin +€4,183
up €4,183 (+1265.1%), from €331 to €4,514
- Financial income -€2,558
no longer reported in 2025 (was €2,558)
of which Financial income: -€2,558
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 | €29,279 | €11,915 | -€17,364 | -59.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,470 | €872 | -€1,598 | -64.7% |
| Tangible fixed assets | 22/27 | €1,900 | €302 | -€1,598 | -84.1% |
| Furniture and vehicles | 24 | €1,400 | €0 | -€1,400 | -100.0% |
| Other tangible fixed assets | 26 | €500 | €302 | -€198 | -39.6% |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €26,809 | €11,043 | -€15,766 | -58.8% |
| Stocks and contracts in progress | 3 | €20,563 | €8,563 | -€12,000 | -58.4% |
| Stocks | 30/36 | €20,563 | €8,563 | -€12,000 | -58.4% |
| Amounts receivable within one year | 40/41 | €24 | - | -€24 | |
| Trade receivables | 40 | €24 | - | -€24 | |
| Cash at bank and in hand | 54/58 | €6,223 | €2,481 | -€3,742 | -60.1% |
| Total equity and liabilities | 10/49 | €29,279 | €11,915 | -€17,364 | -59.3% |
| Equity | 10/15 | €1,011 | €3,245 | +€2,235 | +221.1% |
| Contributions | 10/11 | €16,600 | €16,600 | = | 0.0% |
| Outside capital | 11 | €16,600 | €16,600 | = | 0.0% |
| Other | 1109/19 | €16,600 | €16,600 | = | 0.0% |
| Reserves | 13 | €132 | €132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €132 | €132 | = | 0.0% |
| Reserves not available under the articles | 1311 | €132 | €132 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,721 | -€13,487 | +€2,235 | +14.2% |
| Amounts payable | 17/49 | €28,269 | €8,670 | -€19,599 | -69.3% |
| Amounts payable within one year | 42/48 | €28,269 | €8,670 | -€19,599 | -69.3% |
| Trade debts | 44 | €2,576 | €3,803 | +€1,227 | +47.6% |
| Suppliers | 440/4 | €2,576 | €3,803 | +€1,227 | +47.6% |
| Taxes, remuneration and social security | 45 | €15,652 | €4,867 | -€10,786 | -68.9% |
| Taxes | 450/3 | €1,283 | €4,867 | +€3,583 | +279.2% |
| Remuneration and social security | 454/9 | €14,369 | - | -€14,369 | |
| Other amounts payable | 47/48 | €10,040 | - | -€10,040 | |
| Remuneration, social security and pensions | 62 | €45 | - | -€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,598 | €1,598 | = | 0.0% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.4% |
| Gross operating margin | 9900 | €331 | €4,514 | +€4,183 | +1265.1% |
| Operating profit (loss) | 9901 | -€1,824 | €2,388 | +€4,211 | |
| Financial income | 75/76B | €2,558 | - | -€2,558 | |
| Recurring financial income | 75 | €2,558 | - | -€2,558 | |
| Non-recurring financial income | 76B | €2,558 | - | -€2,558 | |
| Financial charges | 65/66B | €148 | €153 | +€5 | +3.7% |
| Recurring financial charges | 65 | €148 | €153 | +€5 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €587 | €2,235 | +€1,648 | +280.7% |
| Profit (loss) for the period | 9904 | €587 | €2,235 | +€1,648 | +280.7% |
| Profit (loss) for the period to be appropriated | 9905 | €587 | €2,235 | +€1,648 | +280.7% |
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 6 October 2026 via checked.be.