NOMAD: 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.
NOMAD
Largest movements
- Tangible fixed assets +€11,939
up €11,939 (+11.8%), from €101,166 to €113,105
of which Plant, machinery and equipment: +€17,688
- Receivables within one year +€10,896
up €10,896 (+6.4%), from €170,852 to €181,749
of which Other amounts receivable: +€9,196
- Cash -€4,921
down €4,921 (-15.9%), from €30,967 to €26,046
mainly Investment in fixed assets (net) (-€20,000) and Receivables within one year (-€10,896)
- Other debts +€38,000
new in 2025: €38,000
- Reserves -€10,583
down €10,583 (-10.0%), from €105,568 to €94,985
- Debts after one year -€7,348
down €7,348 (-27.2%), from €27,056 to €19,708
- Depreciation +€2,376
up €2,376 (+41.8%), from €5,685 to €8,061
- Gross operating margin -€1,256
down €1,256 (-39.9%), from €3,148 to €1,892
- Financial charges +€673
up €673 (+55.5%), from €1,214 to €1,887
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 | €302,985 | €320,899 | +€17,914 | +5.9% |
| Fixed assets | 21/28 | €101,166 | €113,105 | +€11,939 | +11.8% |
| Tangible fixed assets | 22/27 | €101,166 | €113,105 | +€11,939 | +11.8% |
| Land and buildings | 22 | €93,578 | €87,830 | -€5,749 | -6.1% |
| Plant, machinery and equipment | 23 | €7,588 | €25,275 | +€17,688 | +233.1% |
| Current assets | 29/58 | €201,819 | €207,794 | +€5,975 | +3.0% |
| Amounts receivable within one year | 40/41 | €170,852 | €181,749 | +€10,896 | +6.4% |
| Trade receivables | 40 | - | €1,700 | +€1,700 | |
| Other amounts receivable | 41 | €170,852 | €180,049 | +€9,196 | +5.4% |
| Cash at bank and in hand | 54/58 | €30,967 | €26,046 | -€4,921 | -15.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €302,985 | €320,899 | +€17,914 | +5.9% |
| Equity | 10/15 | €265,068 | €254,485 | -€10,583 | -4.0% |
| Contributions | 10/11 | €159,500 | €159,500 | = | 0.0% |
| Reserves | 13 | €105,568 | €94,985 | -€10,583 | -10.0% |
| Distributable reserves | 133 | €105,568 | €94,985 | -€10,583 | -10.0% |
| Amounts payable | 17/49 | €37,917 | €66,414 | +€28,498 | +75.2% |
| Amounts payable after more than one year | 17 | €27,056 | €19,708 | -€7,348 | -27.2% |
| Financial debts | 170/4 | €27,056 | €19,708 | -€7,348 | -27.2% |
| Amounts payable within one year | 42/48 | €10,795 | €46,639 | +€35,844 | +332.0% |
| Current portion of amounts payable after more than one year | 42 | €6,969 | €7,348 | +€379 | +5.4% |
| Trade debts | 44 | €1,357 | €1,292 | -€65 | -4.8% |
| Suppliers | 440/4 | €1,357 | €1,292 | -€65 | -4.8% |
| Taxes, remuneration and social security | 45 | €2,470 | €0 | -€2,470 | -100.0% |
| Taxes | 450/3 | €2,470 | €0 | -€2,470 | -100.0% |
| Other amounts payable | 47/48 | - | €38,000 | +€38,000 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | - | €5,670 | +€5,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,685 | €8,061 | +€2,376 | +41.8% |
| Other operating charges | 640/8 | €2,557 | €2,527 | -€30 | -1.2% |
| Gross operating margin | 9900 | €3,148 | €1,892 | -€1,256 | -39.9% |
| Operating profit (loss) | 9901 | -€5,094 | -€8,696 | -€3,602 | -70.7% |
| Financial charges | 65/66B | €1,214 | €1,887 | +€673 | +55.5% |
| Recurring financial charges | 65 | €1,214 | €1,887 | +€673 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,308 | -€10,583 | -€4,275 | -67.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,308 | -€10,583 | -€4,275 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,308 | -€10,583 | -€4,275 | -67.8% |
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 11 October 2026 via checked.be.