NMORE: 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.
NMORE
Largest movements
- Cash +€83,434
up €83,434 (+30.5%), from €273,398 to €356,832
mainly Net result for the year (+€92,713) and Tax, wage and social debts (+€9,061)
- Financial fixed assets +€7,170
up €7,170 (+50.5%), from €14,191 to €21,362
- Reserves +€76,130
up €76,130 (+29.3%), from €259,542 to €335,672
- Tax, wage and social debts +€9,061
up €9,061 (+49.4%), from €18,342 to €27,403
of which Remuneration and social security: +€4,603
- Financial income +€28,500
up €28,500 (+71.3%), from €40,000 to €68,500
- Gross operating margin +€5,856
up €5,856 (+15.3%), from €38,231 to €44,087
- Taxes +€3,975
up €3,975 (+26.7%), from €14,870 to €18,845
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 | €304,554 | €395,011 | +€90,457 | +29.7% |
| Fixed assets | 21/28 | €15,177 | €22,009 | +€6,832 | +45.0% |
| Tangible fixed assets | 22/27 | €986 | €647 | -€338 | -34.3% |
| Plant, machinery and equipment | 23 | €970 | €647 | -€323 | -33.3% |
| Furniture and vehicles | 24 | €16 | €0 | -€16 | -100% |
| Financial fixed assets | 28 | €14,191 | €21,362 | +€7,170 | +50.5% |
| Current assets | 29/58 | €289,378 | €373,003 | +€83,625 | +28.9% |
| Amounts receivable within one year | 40/41 | €13,977 | €14,365 | +€388 | +2.8% |
| Trade receivables | 40 | €13,920 | €14,365 | +€445 | +3.2% |
| Other amounts receivable | 41 | €57 | €0 | -€57 | -100% |
| Cash at bank and in hand | 54/58 | €273,398 | €356,832 | +€83,434 | +30.5% |
| Deferred charges and accrued income | 490/1 | €2,002 | €1,805 | -€197 | -9.8% |
| Total equity and liabilities | 10/49 | €304,554 | €395,011 | +€90,457 | +29.7% |
| Equity | 10/15 | €278,542 | €354,672 | +€76,130 | +27.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €259,542 | €335,672 | +€76,130 | +29.3% |
| Distributable reserves | 133 | €259,542 | €335,672 | +€76,130 | +29.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,013 | €40,340 | +€14,327 | +55.1% |
| Amounts payable within one year | 42/48 | €26,013 | €40,340 | +€14,327 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | €3,125 | €3,200 | +€75 | +2.4% |
| Trade debts | 44 | €2,310 | €4,543 | +€2,234 | +96.7% |
| Suppliers | 440/4 | €2,310 | €4,543 | +€2,234 | +96.7% |
| Taxes, remuneration and social security | 45 | €18,342 | €27,403 | +€9,061 | +49.4% |
| Taxes | 450/3 | €9,331 | €13,788 | +€4,457 | +47.8% |
| Remuneration and social security | 454/9 | €9,011 | €13,614 | +€4,603 | +51.1% |
| Other amounts payable | 47/48 | €2,236 | €5,194 | +€2,958 | +132% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €338 | -€286 | -45.8% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €38,231 | €44,087 | +€5,856 | +15.3% |
| Operating profit (loss) | 9901 | €37,466 | €43,604 | +€6,138 | +16.4% |
| Financial income | 75/76B | €40,000 | €68,500 | +€28,500 | +71.3% |
| Recurring financial income | 75 | €40,000 | €68,500 | +€28,500 | +71.3% |
| Financial charges | 65/66B | €410 | €546 | +€136 | +33.1% |
| Recurring financial charges | 65 | €410 | €546 | +€136 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €77,056 | €111,558 | +€34,502 | +44.8% |
| Income taxes | 67/77 | €14,870 | €18,845 | +€3,975 | +26.7% |
| Profit (loss) for the period | 9904 | €62,186 | €92,713 | +€30,527 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,186 | €92,713 | +€30,527 | +49.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.