NOMAG: 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.
NOMAG
Largest movements
- Receivables within one year +€74,309
up €74,309 (+47.4%), from €156,797 to €231,106
of which Trade receivables: +€80,755
- Cash +€72,254
up €72,254 (+32.8%), from €220,215 to €292,469
mainly Trade debts (+€94,430) and Net result for the year (+€63,404)
- Trade debts +€94,430
up €94,430 (+71.6%), from €131,959 to €226,389
- Tax, wage and social debts +€35,240
up €35,240 (+48.0%), from €73,351 to €108,591
of which Taxes: +€34,556
- Gross operating margin -€57,274
down €57,274 (-22.1%), from €258,574 to €201,301
- Taxes -€22,534
down €22,534 (-38.8%), from €58,088 to €35,554
- Financial charges +€3,785
up €3,785 (+69.9%), from €5,411 to €9,196
- Staff costs +€3,117
up €3,117 (+3.8%), from €81,277 to €84,394
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 | €1,326,351 | €1,473,691 | +€147,340 | +11.1% |
| Fixed assets | 21/28 | €390,314 | €386,526 | -€3,787 | -1.0% |
| Tangible fixed assets | 22/27 | €390,029 | €381,874 | -€8,154 | -2.1% |
| Land and buildings | 22 | €374,797 | €374,797 | = | 0.0% |
| Furniture and vehicles | 24 | €13,123 | €5,306 | -€7,817 | -59.6% |
| Other tangible fixed assets | 26 | €2,108 | €1,771 | -€337 | -16.0% |
| Financial fixed assets | 28 | €285 | €4,652 | +€4,367 | +1531.9% |
| Current assets | 29/58 | €936,037 | €1,087,165 | +€151,128 | +16.1% |
| Amounts receivable within one year | 40/41 | €156,797 | €231,106 | +€74,309 | +47.4% |
| Trade receivables | 40 | €124,057 | €204,812 | +€80,755 | +65.1% |
| Other amounts receivable | 41 | €32,740 | €26,295 | -€6,446 | -19.7% |
| Current investments | 50/53 | €554,957 | €558,188 | +€3,231 | +0.6% |
| Cash at bank and in hand | 54/58 | €220,215 | €292,469 | +€72,254 | +32.8% |
| Deferred charges and accrued income | 490/1 | €4,068 | €5,402 | +€1,334 | +32.8% |
| Total equity and liabilities | 10/49 | €1,326,351 | €1,473,691 | +€147,340 | +11.1% |
| Equity | 10/15 | €1,074,978 | €1,085,492 | +€10,514 | +1.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €643,800 | €654,110 | +€10,310 | +1.6% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €617,050 | €627,360 | +€10,310 | +1.7% |
| Profit (loss) carried forward | 14 | €351,178 | €351,382 | +€204 | +0.1% |
| Amounts payable | 17/49 | €251,373 | €388,199 | +€136,826 | +54.4% |
| Amounts payable within one year | 42/48 | €250,830 | €387,870 | +€137,040 | +54.6% |
| Trade debts | 44 | €131,959 | €226,389 | +€94,430 | +71.6% |
| Suppliers | 440/4 | €131,959 | €226,389 | +€94,430 | +71.6% |
| Taxes, remuneration and social security | 45 | €73,351 | €108,591 | +€35,240 | +48.0% |
| Taxes | 450/3 | €59,510 | €94,067 | +€34,556 | +58.1% |
| Remuneration and social security | 454/9 | €13,841 | €14,524 | +€683 | +4.9% |
| Other amounts payable | 47/48 | €45,520 | €52,890 | +€7,370 | +16.2% |
| Accrued charges and deferred income | 492/3 | €543 | €330 | -€213 | -39.3% |
| Non-recurring operating income | 76A | €1,250 | - | -€1,250 | |
| Remuneration, social security and pensions | 62 | €81,277 | €84,394 | +€3,117 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,225 | €7,949 | -€276 | -3.4% |
| Other operating charges | 640/8 | €3,364 | €3,198 | -€166 | -4.9% |
| Non-recurring operating charges | 66A | - | €1,339 | +€1,339 | |
| Gross operating margin | 9900 | €258,574 | €201,301 | -€57,274 | -22.1% |
| Operating profit (loss) | 9901 | €165,709 | €104,421 | -€61,288 | -37.0% |
| Financial income | 75/76B | €4,575 | €3,734 | -€841 | -18.4% |
| Recurring financial income | 75 | €4,575 | €3,734 | -€841 | -18.4% |
| Financial charges | 65/66B | €5,411 | €9,196 | +€3,785 | +69.9% |
| Recurring financial charges | 65 | €5,411 | €9,196 | +€3,785 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | €164,873 | €98,958 | -€65,914 | -40.0% |
| Income taxes | 67/77 | €58,088 | €35,554 | -€22,534 | -38.8% |
| Profit (loss) for the period | 9904 | €106,784 | €63,404 | -€43,380 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,784 | €63,404 | -€43,380 | -40.6% |
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 12 October 2026 via checked.be.