NMTH: 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.
NMTH
Largest movements
- Cash -€174,705
down €174,705 (-62.3%), from €280,362 to €105,657
mainly Other debts (-€127,040) and Contributions, distributions and other (-€116,427)
- Tangible fixed assets +€8,374
up €8,374 (+46.5%), from €18,000 to €26,374
of which Plant, machinery and equipment: +€20,817
- Other debts -€127,040
down €127,040 (-54.1%), from €234,997 to €107,957
- Tax, wage and social debts -€27,205
down €27,205 (-59.3%), from €45,853 to €18,647
- Debts after one year -€5,887
no longer reported in 2025 (was €5,887)
- Current portion of long-term debt -€5,812
down €5,812 (-49.7%), from €11,699 to €5,887
- Gross operating margin +€8,347
up €8,347 (+5.4%), from €153,717 to €162,063
- Depreciation +€2,669
up €2,669 (+20.8%), from €12,826 to €15,495
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 | €299,215 | €133,416 | -€165,799 | -55.4% |
| Fixed assets | 21/28 | €18,000 | €26,374 | +€8,374 | +46.5% |
| Tangible fixed assets | 22/27 | €18,000 | €26,374 | +€8,374 | +46.5% |
| Plant, machinery and equipment | 23 | - | €20,817 | +€20,817 | |
| Furniture and vehicles | 24 | €18,000 | €5,556 | -€12,443 | -69.1% |
| Current assets | 29/58 | €281,216 | €107,043 | -€174,173 | -61.9% |
| Amounts receivable within one year | 40/41 | €30 | - | -€30 | |
| Other amounts receivable | 41 | €30 | - | -€30 | |
| Cash at bank and in hand | 54/58 | €280,362 | €105,657 | -€174,705 | -62.3% |
| Deferred charges and accrued income | 490/1 | €824 | €1,386 | +€562 | +68.2% |
| Total equity and liabilities | 10/49 | €299,215 | €133,416 | -€165,799 | -55.4% |
| Equity | 10/15 | €500 | €500 | = | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Amounts payable | 17/49 | €298,715 | €132,916 | -€165,799 | -55.5% |
| Amounts payable after more than one year | 17 | €5,887 | - | -€5,887 | |
| Financial debts | 170/4 | €5,887 | - | -€5,887 | |
| Amounts payable within one year | 42/48 | €292,828 | €132,916 | -€159,912 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €11,699 | €5,887 | -€5,812 | -49.7% |
| Trade debts | 44 | €280 | €425 | +€145 | +51.9% |
| Suppliers | 440/4 | €280 | €425 | +€145 | +51.9% |
| Taxes, remuneration and social security | 45 | €45,853 | €18,647 | -€27,205 | -59.3% |
| Taxes | 450/3 | €45,853 | €18,647 | -€27,205 | -59.3% |
| Other amounts payable | 47/48 | €234,997 | €107,957 | -€127,040 | -54.1% |
| Non-recurring operating income | 76A | €104 | - | -€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,826 | €15,495 | +€2,669 | +20.8% |
| Other operating charges | 640/8 | €853 | €937 | +€84 | +9.8% |
| Gross operating margin | 9900 | €153,717 | €162,063 | +€8,347 | +5.4% |
| Operating profit (loss) | 9901 | €140,038 | €145,632 | +€5,594 | +4.0% |
| Financial income | 75/76B | €1,736 | €2,257 | +€521 | +30.0% |
| Recurring financial income | 75 | €1,736 | €2,257 | +€521 | +30.0% |
| Financial charges | 65/66B | €347 | €278 | -€69 | -19.8% |
| Recurring financial charges | 65 | €347 | €278 | -€69 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €141,427 | €147,610 | +€6,184 | +4.4% |
| Income taxes | 67/77 | €30,950 | €31,183 | +€234 | +0.8% |
| Profit (loss) for the period | 9904 | €110,477 | €116,427 | +€5,950 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €110,477 | €116,427 | +€5,950 | +5.4% |
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.