NOMAGO: 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.
NOMAGO
Largest movements
- Tangible fixed assets +€359,879
up €359,879 (+88.1%), from €408,569 to €768,448
of which Land and buildings: +€361,319
- Cash +€55,649
up €55,649 (+45.4%), from €122,539 to €178,188
mainly Debts after one year (+€373,250) and Depreciation (+€123,467)
- Receivables within one year +€18,838
up €18,838 (+544451.7%), from €3 to €18,841
of which Other amounts receivable: +€15,324
- Debts after one year +€373,250
up €373,250 (+101.8%), from €366,769 to €740,019
of which Financial debts: +€359,381
- Reserves +€26,214
up €26,214 (+3.9%), from €676,593 to €702,807
- Current portion of long-term debt +€23,660
up €23,660 (+64.7%), from €36,560 to €60,221
- Gross operating margin -€95,122
down €95,122 (-37.0%), from €256,971 to €161,849
- Depreciation +€90,278
up €90,278 (+272.0%), from €33,189 to €123,467
- Taxes -€48,412
down €48,412 (-85.9%), from €56,353 to €7,941
- Financial income +€42,093
up €42,093 (+1309.6%), from €3,214 to €45,307
- Financial charges +€9,079
up €9,079 (+80.2%), from €11,327 to €20,407
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 | €1,180,370 | €1,609,696 | +€429,326 | +36.4% |
| Fixed assets | 21/28 | €932,854 | €1,292,733 | +€359,879 | +38.6% |
| Tangible fixed assets | 22/27 | €408,569 | €768,448 | +€359,879 | +88.1% |
| Land and buildings | 22 | €398,363 | €759,682 | +€361,319 | +90.7% |
| Other tangible fixed assets | 26 | €10,206 | €8,766 | -€1,440 | -14.1% |
| Financial fixed assets | 28 | €524,285 | €524,285 | = | 0.0% |
| Current assets | 29/58 | €247,516 | €316,963 | +€69,447 | +28.1% |
| Amounts receivable within one year | 40/41 | €3 | €18,841 | +€18,838 | +544451.7% |
| Trade receivables | 40 | €3 | €3,518 | +€3,514 | +101573.1% |
| Other amounts receivable | 41 | - | €15,324 | +€15,324 | |
| Current investments | 50/53 | €119,658 | €109,885 | -€9,773 | -8.2% |
| Cash at bank and in hand | 54/58 | €122,539 | €178,188 | +€55,649 | +45.4% |
| Deferred charges and accrued income | 490/1 | €5,315 | €10,048 | +€4,733 | +89.0% |
| Total equity and liabilities | 10/49 | €1,180,370 | €1,609,696 | +€429,326 | +36.4% |
| Equity | 10/15 | €726,593 | €752,807 | +€26,214 | +3.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €676,593 | €702,807 | +€26,214 | +3.9% |
| Distributable reserves | 133 | €676,593 | €702,807 | +€26,214 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €453,777 | €856,888 | +€403,112 | +88.8% |
| Amounts payable after more than one year | 17 | €366,769 | €740,019 | +€373,250 | +101.8% |
| Financial debts | 170/4 | €305,036 | €664,417 | +€359,381 | +117.8% |
| Other amounts payable | 178/9 | €61,733 | €75,602 | +€13,869 | +22.5% |
| Amounts payable within one year | 42/48 | €85,772 | €112,888 | +€27,116 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €36,560 | €60,221 | +€23,660 | +64.7% |
| Trade debts | 44 | €1,919 | €2,386 | +€466 | +24.3% |
| Suppliers | 440/4 | €1,919 | €2,386 | +€466 | +24.3% |
| Taxes, remuneration and social security | 45 | €19,942 | €21,861 | +€1,920 | +9.6% |
| Taxes | 450/3 | €19,942 | €21,861 | +€1,920 | +9.6% |
| Other amounts payable | 47/48 | €27,350 | €28,421 | +€1,070 | +3.9% |
| Accrued charges and deferred income | 492/3 | €1,236 | €3,981 | +€2,745 | +222.1% |
| Non-recurring operating income | 76A | - | €12,161 | +€12,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,189 | €123,467 | +€90,278 | +272.0% |
| Other operating charges | 640/8 | €4,969 | €4,127 | -€842 | -16.9% |
| Gross operating margin | 9900 | €256,971 | €161,849 | -€95,122 | -37.0% |
| Operating profit (loss) | 9901 | €218,812 | €34,255 | -€184,558 | -84.3% |
| Financial income | 75/76B | €3,214 | €45,307 | +€42,093 | +1309.6% |
| Recurring financial income | 75 | €3,214 | €45,307 | +€42,093 | +1309.6% |
| Financial charges | 65/66B | €11,327 | €20,407 | +€9,079 | +80.2% |
| Recurring financial charges | 65 | €11,327 | €20,407 | +€9,079 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €210,699 | €59,155 | -€151,544 | -71.9% |
| Income taxes | 67/77 | €56,353 | €7,941 | -€48,412 | -85.9% |
| Profit (loss) for the period | 9904 | €154,346 | €51,214 | -€103,132 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,346 | €51,214 | -€103,132 | -66.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.