NOMAD HOLDING: 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.
What changed
NOMAD HOLDING
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3.2m
2024 · -€79,250-€3.2m
Equity
-€528,655
2024 · €2.7m-€3.2m
Cash
€419
2024 · €556-€137
Balance sheet total
€5.5m
2024 · €8.3m-€2.8m
Largest movements
Assets
- Financial fixed assets -€2.8m
down €2.8m (-33.8%), from €8.3m to €5.5m
of which Affiliated companies: -€2.8m
Equity and liabilities
- Profit (loss) carried forward -€3.2m
down €3.2m (-4,080%), from -€79,250 to -€3.3m
- Accrued charges and deferred income +€376,998
up €376,998 (+515%), from €73,179 to €450,177
- Other debts +€364,315
up €364,315 (+7.4%), from €4.9m to €5.3m
- Debts after one year -€305,556
no longer reported in 2025 (was €305,556)
Income statement
- Financial income -€6.9m
down €6.9m (-98.0%), from €7.0m to €137,361
- Financial charges -€3.6m
down €3.6m (-51.8%), from €7.0m to €3.4m
of which Non-recurring financial charges: -€3.1m
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.
Result 2024
-€79,250
Other operating charges
-€31
Other operating items
-€718
Financial income
-€6.9m
Financial charges
+€3.6m
Taxes
+€80,975
Result 2025
-€3.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2.5m
Investment
+€2.8m
Financing
-€333,333
Cash 2024
€556
From operations (derived)
-€2.5m
Net result for the year
-€3.2m
Deferred charges and accrued income
+€20,461
Trade debts
-€932
Other debts
+€364,315
Accrued charges and deferred income
+€376,998
Investment (derived)
+€2.8m
Investment in fixed assets (net)
+€2.8m
Financing
-€333,333
Debts after one year
-€305,556
Current portion of long-term debt
-€27,778
Cash 2025
€419
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,336,418 | €5,510,065 | -€2.8m | -33.9% |
| Fixed assets | 21/28 | €8,307,547 | €5,501,793 | -€2.8m | -33.8% |
| Financial fixed assets | 28 | €8,307,547 | €5,501,793 | -€2.8m | -33.8% |
| Affiliated companies | 280/1 | €8,146,066 | €5,333,105 | -€2.8m | -34.5% |
| Participating interests | 280 | €5,649,774 | €5,333,105 | -€316,669 | -5.6% |
| Amounts receivable | 281 | €2,496,292 | - | -€2.5m | |
| Companies linked by participating interests | 282/3 | €161,481 | €168,688 | +€7,207 | +4.5% |
| Participating interests | 282 | €78,600 | €78,600 | = | 0.0% |
| Amounts receivable | 283 | €82,881 | €90,088 | +€7,207 | +8.7% |
| Current assets | 29/58 | €28,871 | €8,273 | -€20,598 | -71.3% |
| Cash at bank and in hand | 54/58 | €556 | €419 | -€137 | -24.6% |
| Deferred charges and accrued income | 490/1 | €28,315 | €7,854 | -€20,461 | -72.3% |
| Total equity and liabilities | 10/49 | €8,336,418 | €5,510,065 | -€2.8m | -33.9% |
| Equity | 10/15 | €2,704,745 | -€528,655 | -€3.2m | |
| Contributions | 10/11 | €2,783,105 | €2,783,105 | = | 0.0% |
| Capital | 10 | €2,783,105 | €2,783,105 | = | 0.0% |
| Issued capital | 100 | €2,783,105 | €2,783,105 | = | 0.0% |
| Reserves | 13 | €891 | €891 | = | 0.0% |
| Non-distributable reserves | 130/1 | €891 | €891 | = | 0.0% |
| Legal reserve | 130 | €891 | €891 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,250 | -€3,312,650 | -€3.2m | -4,080% |
| Amounts payable | 17/49 | €5,631,673 | €6,038,720 | +€407,047 | +7.2% |
| Amounts payable after more than one year | 17 | €305,556 | - | -€305,556 | |
| Financial debts | 170/4 | €305,556 | - | -€305,556 | |
| Subordinated loans | 170 | €305,556 | - | -€305,556 | |
| Amounts payable within one year | 42/48 | €5,252,938 | €5,588,543 | +€335,605 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €333,333 | €305,556 | -€27,778 | -8.3% |
| Trade debts | 44 | €1,429 | €497 | -€932 | -65.3% |
| Suppliers | 440/4 | €1,429 | €497 | -€932 | -65.3% |
| Other amounts payable | 47/48 | €4,918,176 | €5,282,491 | +€364,315 | +7.4% |
| Accrued charges and deferred income | 492/3 | €73,179 | €450,177 | +€376,998 | +515% |
| Operating charges | 60/66A | €5,216 | €5,965 | +€749 | +14.4% |
| Services and other goods | 61 | €4,249 | €4,967 | +€718 | +16.9% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€5,216 | -€5,965 | -€749 | -14.4% |
| Financial income | 75/76B | €6,989,991 | €137,361 | -€6.9m | -98.0% |
| Recurring financial income | 75 | €6,989,991 | €137,361 | -€6.9m | -98.0% |
| Income from financial fixed assets | 750 | €414,214 | €137,361 | -€276,852 | -66.8% |
| Other financial income | 752/9 | €6,575,777 | - | -€6.6m | |
| Financial charges | 65/66B | €6,983,050 | €3,364,796 | -€3.6m | -51.8% |
| Recurring financial charges | 65 | €864,649 | €377,323 | -€487,327 | -56.4% |
| Debt charges | 650 | €864,383 | €376,997 | -€487,386 | -56.4% |
| Other financial charges | 652/9 | €266 | €326 | +€60 | +22.4% |
| Non-recurring financial charges | 66B | €6,118,401 | €2,987,473 | -€3.1m | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €1,724 | -€3,233,400 | -€3.2m | |
| Income taxes | 67/77 | €80,975 | - | -€80,975 | |
| Taxes | 670/3 | €80,975 | - | -€80,975 | |
| Profit (loss) for the period | 9904 | -€79,250 | -€3,233,400 | -€3.2m | -3,980% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,250 | -€3,233,400 | -€3.2m | -3,980% |
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 25 October 2026 via checked.be.