NOMAD ANTWERPEN: 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 ANTWERPEN
Largest movements
- Tangible fixed assets +€488,755
up €488,755 (+948%), from €51,573 to €540,328
of which Plant, machinery and equipment: +€365,169
- Cash +€158,856
up €158,856 (+195%), from €81,671 to €240,527
mainly Debts after one year (+€308,478) and Tax, wage and social debts (+€103,763)
- Financial fixed assets -€34,000
no longer reported in 2025 (was €34,000)
- Receivables within one year -€26,874
down €26,874 (-45.7%), from €58,779 to €31,905
of which Trade receivables: -€27,896
- Deferred charges and accrued income +€18,574
new in 2025: €18,574
- Debts after one year +€308,478
new in 2025: €308,478
- Tax, wage and social debts +€103,763
up €103,763 (+223%), from €46,517 to €150,280
of which Remuneration and social security: +€70,129
- Reserves +€88,403
up €88,403 (+132%), from €66,821 to €155,224
- Current portion of long-term debt +€75,358
new in 2025: €75,358
- Trade debts +€14,340
up €14,340 (+9.9%), from €145,305 to €159,645
- Gross operating margin +€620,790
up €620,790 (+329%), from €188,910 to €809,700
- Staff costs +€428,622
up €428,622 (+276%), from €155,427 to €584,049
- Other operating charges +€48,333
new in 2025: €48,333
- Depreciation +€43,885
up €43,885 (+245%), from €17,893 to €61,778
- Financial charges +€24,835
up €24,835 (+1,073%), from €2,315 to €27,150
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 | €279,523 | €879,874 | +€600,351 | +215% |
| Fixed assets | 21/28 | €105,573 | €555,328 | +€449,755 | +426% |
| Intangible fixed assets | 21 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Tangible fixed assets | 22/27 | €51,573 | €540,328 | +€488,755 | +948% |
| Plant, machinery and equipment | 23 | - | €365,169 | +€365,169 | |
| Furniture and vehicles | 24 | €51,573 | €94,353 | +€42,780 | +82.9% |
| Other tangible fixed assets | 26 | - | €80,806 | +€80,806 | |
| Financial fixed assets | 28 | €34,000 | - | -€34,000 | |
| Current assets | 29/58 | €173,950 | €324,546 | +€150,596 | +86.6% |
| Amounts receivable after more than one year | 29 | - | €6,750 | +€6,750 | |
| Other amounts receivable | 291 | - | €6,750 | +€6,750 | |
| Stocks and contracts in progress | 3 | €33,500 | €26,791 | -€6,709 | -20.0% |
| Stocks | 30/36 | €33,500 | €26,791 | -€6,709 | -20.0% |
| Amounts receivable within one year | 40/41 | €58,779 | €31,905 | -€26,874 | -45.7% |
| Trade receivables | 40 | €57,226 | €29,330 | -€27,896 | -48.7% |
| Other amounts receivable | 41 | €1,553 | €2,576 | +€1,023 | +65.8% |
| Cash at bank and in hand | 54/58 | €81,671 | €240,527 | +€158,856 | +195% |
| Deferred charges and accrued income | 490/1 | - | €18,574 | +€18,574 | |
| Total equity and liabilities | 10/49 | €279,523 | €879,874 | +€600,351 | +215% |
| Equity | 10/15 | €87,701 | €176,104 | +€88,403 | +101% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €66,821 | €155,224 | +€88,403 | +132% |
| Distributable reserves | 133 | €66,821 | €155,224 | +€88,403 | +132% |
| Profit (loss) carried forward | 14 | €420 | €420 | +€0 | +0.1% |
| Amounts payable | 17/49 | €191,822 | €703,769 | +€511,947 | +267% |
| Amounts payable after more than one year | 17 | - | €308,478 | +€308,478 | |
| Financial debts | 170/4 | - | €308,478 | +€308,478 | |
| Amounts payable within one year | 42/48 | €191,822 | €394,891 | +€203,069 | +106% |
| Current portion of amounts payable after more than one year | 42 | - | €75,358 | +€75,358 | |
| Trade debts | 44 | €145,305 | €159,645 | +€14,340 | +9.9% |
| Suppliers | 440/4 | €145,305 | €159,645 | +€14,340 | +9.9% |
| Taxes, remuneration and social security | 45 | €46,517 | €150,280 | +€103,763 | +223% |
| Taxes | 450/3 | €22,232 | €55,866 | +€33,634 | +151% |
| Remuneration and social security | 454/9 | €24,285 | €94,414 | +€70,129 | +289% |
| Other amounts payable | 47/48 | - | €9,608 | +€9,608 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €155,427 | €584,049 | +€428,622 | +276% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,893 | €61,778 | +€43,885 | +245% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,269 | - | -€2,269 | |
| Other operating charges | 640/8 | - | €48,333 | +€48,333 | |
| Gross operating margin | 9900 | €188,910 | €809,700 | +€620,790 | +329% |
| Operating profit (loss) | 9901 | €13,321 | €115,541 | +€102,220 | +767% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €2,315 | €27,150 | +€24,835 | +1,073% |
| Recurring financial charges | 65 | €2,315 | €27,150 | +€24,835 | +1,073% |
| Profit (loss) for the period before taxes | 9903 | €11,006 | €88,403 | +€77,397 | +703% |
| Profit (loss) for the period | 9904 | €11,006 | €88,403 | +€77,397 | +703% |
| Profit (loss) for the period to be appropriated | 9905 | €11,006 | €88,403 | +€77,397 | +703% |
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 30 October 2026 via checked.be.