NMN MANAGEMENT: what changed
Two financial 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.
NMN MANAGEMENT
Largest movements
- Receivables within one year +€12,013
up €12,013 (+44.6%), from €26,928 to €38,941
of which Other amounts receivable: +€14,465
- Cash +€1,670
up €1,670 (+15.8%), from €10,589 to €12,259
mainly Tax, wage and social debts (+€4,956) and Trade debts (+€3,725)
- Tax, wage and social debts +€4,956
new in 2025: €4,956
- Trade debts +€3,725
up €3,725 (+388%), from €961 to €4,686
- Other debts +€3,031
new in 2025: €3,031
- Profit (loss) carried forward +€1,804
up €1,804 (+5.1%), from €35,056 to €36,860
- Taxes +€13,978
new in 2025: €13,978
- Gross operating margin +€13,322
up €13,322 (+184%), from €7,227 to €20,549
- Other operating charges -€2,612
down €2,612 (-71.7%), from €3,643 to €1,031
- Financial charges +€584
up €584 (+261%), from €224 to €808
of which Financial charges: +€584
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.
Derived cash bridge
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 | €40,017 | €53,533 | +€13,516 | +33.8% |
| Fixed assets | 21/28 | €2,500 | €2,333 | -€167 | -6.7% |
| Intangible fixed assets | 21 | €2,500 | €2,333 | -€167 | -6.7% |
| Current assets | 29/58 | €37,517 | €51,200 | +€13,683 | +36.5% |
| Amounts receivable within one year | 40/41 | €26,928 | €38,941 | +€12,013 | +44.6% |
| Trade receivables | 40 | €20,519 | €18,067 | -€2,452 | -11.9% |
| Other amounts receivable | 41 | €6,409 | €20,874 | +€14,465 | +226% |
| Cash at bank and in hand | 54/58 | €10,589 | €12,259 | +€1,670 | +15.8% |
| Total equity and liabilities | 10/49 | €40,017 | €53,533 | +€13,516 | +33.8% |
| Equity | 10/15 | €39,056 | €40,860 | +€1,804 | +4.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,056 | €36,860 | +€1,804 | +5.1% |
| Amounts payable | 17/49 | €961 | €12,673 | +€11,712 | +1,219% |
| Amounts payable within one year | 42/48 | €961 | €12,673 | +€11,712 | +1,219% |
| Trade debts | 44 | €961 | €4,686 | +€3,725 | +388% |
| Suppliers | 440/4 | €961 | €4,686 | +€3,725 | +388% |
| Taxes, remuneration and social security | 45 | - | €4,956 | +€4,956 | |
| Taxes | 450/3 | - | €4,956 | +€4,956 | |
| Other amounts payable | 47/48 | - | €3,031 | +€3,031 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,167 | +€167 | +8.4% |
| Other operating charges | 640/8 | €3,643 | €1,031 | -€2,612 | -71.7% |
| Non-recurring operating charges | 66A | - | €687 | +€687 | |
| Gross operating margin | 9900 | €7,227 | €20,549 | +€13,322 | +184% |
| Operating profit (loss) | 9901 | €1,584 | €16,664 | +€15,080 | +952% |
| Financial charges | 65/66B | €224 | €808 | +€584 | +261% |
| Recurring financial charges | 65 | €224 | €808 | +€584 | +261% |
| Non-recurring financial charges | 66B | €224 | - | -€224 | |
| Profit (loss) for the period before taxes | 9903 | €1,360 | €15,856 | +€14,496 | +1,066% |
| Income taxes | 67/77 | - | €13,978 | +€13,978 | |
| Profit (loss) for the period | 9904 | €1,360 | €1,878 | +€518 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,360 | €1,878 | +€518 | +38.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.