NMT: 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.
NMT
Largest movements
- Stocks and contracts +€21,226
up €21,226 (+458.9%), from €4,626 to €25,852
- Tangible fixed assets -€14,625
down €14,625 (-15.3%), from €95,326 to €80,702
of which Plant, machinery and equipment: -€11,433
- Receivables within one year -€7,000
down €7,000 (-15.3%), from €45,901 to €38,901
of which Trade receivables: -€6,797
- Cash +€5,840
up €5,840 (+20.9%), from €27,896 to €33,736
mainly Depreciation (+€21,890) and Other debts (+€7,838)
- Other debts +€7,838
up €7,838 (+46.2%), from €16,954 to €24,792
- Tax, wage and social debts +€4,514
up €4,514 (+21.8%), from €20,706 to €25,220
of which Remuneration and social security: +€4,013
- Debts after one year -€4,247
down €4,247 (-9.6%), from €44,022 to €39,775
- Profit (loss) carried forward -€2,090
down €2,090 (-5.6%), from €37,456 to €35,366
- Staff costs +€5,670
up €5,670 (+43.1%), from €13,159 to €18,829
- Depreciation +€4,198
up €4,198 (+23.7%), from €17,692 to €21,890
- Gross operating margin -€3,789
down €3,789 (-7.5%), from €50,563 to €46,774
- Taxes -€2,125
down €2,125 (-52.9%), from €4,018 to €1,893
- Financial charges +€2,096
up €2,096 (+72.1%), from €2,907 to €5,003
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 | €174,962 | €181,732 | +€6,769 | +3.9% |
| Fixed assets | 21/28 | €95,326 | €80,702 | -€14,625 | -15.3% |
| Tangible fixed assets | 22/27 | €95,326 | €80,702 | -€14,625 | -15.3% |
| Land and buildings | 22 | €64,683 | €59,460 | -€5,223 | -8.1% |
| Plant, machinery and equipment | 23 | €29,171 | €17,738 | -€11,433 | -39.2% |
| Furniture and vehicles | 24 | €1,473 | €3,503 | +€2,031 | +137.9% |
| Current assets | 29/58 | €79,636 | €101,030 | +€21,394 | +26.9% |
| Stocks and contracts in progress | 3 | €4,626 | €25,852 | +€21,226 | +458.9% |
| Stocks | 30/36 | €4,626 | €25,852 | +€21,226 | +458.9% |
| Amounts receivable within one year | 40/41 | €45,901 | €38,901 | -€7,000 | -15.3% |
| Trade receivables | 40 | €45,399 | €38,603 | -€6,797 | -15.0% |
| Other amounts receivable | 41 | €502 | €298 | -€204 | -40.6% |
| Cash at bank and in hand | 54/58 | €27,896 | €33,736 | +€5,840 | +20.9% |
| Deferred charges and accrued income | 490/1 | €1,213 | €2,542 | +€1,329 | +109.6% |
| Total equity and liabilities | 10/49 | €174,962 | €181,732 | +€6,769 | +3.9% |
| Equity | 10/15 | €43,456 | €41,366 | -€2,090 | -4.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,456 | €35,366 | -€2,090 | -5.6% |
| Amounts payable | 17/49 | €131,506 | €140,366 | +€8,860 | +6.7% |
| Amounts payable after more than one year | 17 | €44,022 | €39,775 | -€4,247 | -9.6% |
| Financial debts | 170/4 | €44,022 | €39,775 | -€4,247 | -9.6% |
| Amounts payable within one year | 42/48 | €87,484 | €100,591 | +€13,106 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €4,036 | €4,247 | +€211 | +5.2% |
| Trade debts | 44 | €45,789 | €46,332 | +€543 | +1.2% |
| Suppliers | 440/4 | €45,789 | €46,332 | +€543 | +1.2% |
| Taxes, remuneration and social security | 45 | €20,706 | €25,220 | +€4,514 | +21.8% |
| Taxes | 450/3 | €16,287 | €16,788 | +€501 | +3.1% |
| Remuneration and social security | 454/9 | €4,419 | €8,432 | +€4,013 | +90.8% |
| Other amounts payable | 47/48 | €16,954 | €24,792 | +€7,838 | +46.2% |
| Remuneration, social security and pensions | 62 | €13,159 | €18,829 | +€5,670 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,692 | €21,890 | +€4,198 | +23.7% |
| Other operating charges | 640/8 | €2,232 | €1,555 | -€677 | -30.3% |
| Gross operating margin | 9900 | €50,563 | €46,774 | -€3,789 | -7.5% |
| Operating profit (loss) | 9901 | €17,479 | €4,500 | -€12,980 | -74.3% |
| Financial income | 75/76B | €0 | €307 | +€306 | +139277.3% |
| Recurring financial income | 75 | €0 | €307 | +€306 | +139277.3% |
| Financial charges | 65/66B | €2,907 | €5,003 | +€2,096 | +72.1% |
| Recurring financial charges | 65 | €2,907 | €5,003 | +€2,096 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €14,572 | -€197 | -€14,770 | |
| Income taxes | 67/77 | €4,018 | €1,893 | -€2,125 | -52.9% |
| Profit (loss) for the period | 9904 | €10,554 | -€2,090 | -€12,644 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,554 | -€2,090 | -€12,644 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.