NOMAINVEST: 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
NOMAINVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3.5m
2024 · -€2.3m-€1.3m
Equity
€175.8m
2024 · €182.1m-€6.3m
Cash
€852,169
2024 · €1.6m-€793,950
Balance sheet total
€232.7m
2024 · €222.1m+€10.6m
Largest movements
Assets
- Financial fixed assets +€11.7m
up €11.7m (+6.2%), from €188.5m to €200.3m
of which Affiliated companies: +€9.4m
Equity and liabilities
- Current portion of long-term debt +€17.0m
up €17.0m (+388%), from €4.4m to €21.4m
- Debts after one year -€10.1m
down €10.1m (-31.6%), from €32.0m to €21.9m
of which Financial debts: -€10.1m
- Short-term financial debts +€10.0m
new in 2025: €10.0m
- Reserves -€6.3m
down €6.3m (-4.9%), from €128.5m to €122.3m
of which Distributable reserves: -€6.0m
Income statement
- Financial income -€4.9m
down €4.9m (-40.3%), from €12.0m to €7.2m
of which Financial income: -€3.1m
- Financial charges -€4.5m
down €4.5m (-35.2%), from €12.8m to €8.3m
of which Financial charges: -€4.7m
- Services and other goods +€206,145
up €206,145 (+11.2%), from €1.8m to €2.1m
- Taxes -€88,525
down €88,525 (-70.5%), from €125,647 to €37,122
of which Taxes: -€87,913
- Staff costs +€61,018
up €61,018 (+26.2%), from €232,627 to €293,644
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
-€2.3m
Turnover
+€26,345
Other operating income
-€51,049
Goods and materials
+€3,119
Services and other goods
-€206,145
Staff costs
-€61,018
Depreciation
+€1,376
Write-downs
-€40,000
Other operating charges
+€6,561
Other operating items
-€684,263
Financial income
-€4.9m
Financial charges
+€4.5m
Taxes
+€88,525
Result 2025
-€3.5m
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
-€3.9m
Investment
-€11.0m
Financing
+€14.1m
Cash 2024
€1.6m
From operations (derived)
-€3.9m
Net result for the year
-€3.5m
Depreciation
+€31,223
Receivables within one year
-€514,951
Deferred charges and accrued income
+€60,402
Provisions
-€27,834
Trade debts
+€55,271
Tax, wage and social debts
-€55,128
Accrued charges and deferred income
+€126,759
Investment (derived)
-€11.0m
Investment in fixed assets (net)
-€11.7m
Current investments
+€739,094
Financing
+€14.1m
Debts after one year
-€10.1m
Current portion of long-term debt
+€17.0m
Short-term financial debts
+€10.0m
Contributions, distributions and other
-€2.8m
Cash 2025
€852,169
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,087,099 | €232,725,341 | +€10.6m | +4.8% |
| Fixed assets | 21/28 | €189,721,890 | €201,438,627 | +€11.7m | +6.2% |
| Intangible fixed assets | 21 | €0 | €3,968 | +€3,968 | |
| Tangible fixed assets | 22/27 | €1,191,497 | €1,161,705 | -€29,792 | -2.5% |
| Land and buildings | 22 | €1,161,721 | €1,136,450 | -€25,270 | -2.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €29,776 | €25,255 | -€4,521 | -15.2% |
| Financial fixed assets | 28 | €188,530,393 | €200,272,954 | +€11.7m | +6.2% |
| Affiliated companies | 280/1 | €113,366,564 | €122,799,554 | +€9.4m | +8.3% |
| Participating interests | 280 | €113,366,564 | €122,799,554 | +€9.4m | +8.3% |
| Companies linked by participating interests | 282/3 | €58,016,824 | €59,634,348 | +€1.6m | +2.8% |
| Participating interests | 282 | €45,894,278 | €47,639,907 | +€1.7m | +3.8% |
| Amounts receivable | 283 | €12,122,546 | €11,994,441 | -€128,105 | -1.1% |
| Other financial fixed assets | 284/8 | €17,147,005 | €17,839,052 | +€692,047 | +4.0% |
| Shares | 284 | €16,527,746 | €17,047,776 | +€520,030 | +3.1% |
| Amounts receivable and cash guarantees | 285/8 | €619,259 | €791,276 | +€172,017 | +27.8% |
| Current assets | 29/58 | €32,365,209 | €31,286,714 | -€1.1m | -3.3% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,382,050 | €3,897,001 | +€514,951 | +15.2% |
| Trade receivables | 40 | €68,741 | €120,263 | +€51,522 | +75.0% |
| Other amounts receivable | 41 | €3,313,309 | €3,776,737 | +€463,428 | +14.0% |
| Current investments | 50/53 | €26,982,762 | €26,243,669 | -€739,094 | -2.7% |
| Own shares | 50 | €9,224,640 | €8,968,400 | -€256,240 | -2.8% |
| Other investments | 51/53 | €17,758,122 | €17,275,269 | -€482,854 | -2.7% |
| Cash at bank and in hand | 54/58 | €1,646,119 | €852,169 | -€793,950 | -48.2% |
| Deferred charges and accrued income | 490/1 | €354,278 | €293,876 | -€60,402 | -17.0% |
| Total equity and liabilities | 10/49 | €222,087,099 | €232,725,341 | +€10.6m | +4.8% |
| Equity | 10/15 | €182,140,429 | €175,810,554 | -€6.3m | -3.5% |
| Contributions | 10/11 | €47,868,986 | €47,868,986 | = | 0.0% |
| Capital | 10 | €47,868,986 | €47,868,986 | = | 0.0% |
| Issued capital | 100 | €47,868,986 | €47,868,986 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €128,527,685 | €122,262,942 | -€6.3m | -4.9% |
| Non-distributable reserves | 130/1 | €14,011,539 | €13,755,299 | -€256,240 | -1.8% |
| Legal reserve | 130 | - | €4,786,899 | +€4.8m | |
| Reserves not available under the articles | 1311 | €4,786,899 | - | -€4.8m | |
| Own shares acquired | 1312 | €9,224,640 | €8,968,400 | -€256,240 | -2.8% |
| Tax-exempt reserves | 132 | €16,146 | €7,643 | -€8,503 | -52.7% |
| Distributable reserves | 133 | €114,500,000 | €108,500,000 | -€6.0m | -5.2% |
| Profit (loss) carried forward | 14 | €5,743,758 | €5,678,626 | -€65,132 | -1.1% |
| Provisions and deferred taxes | 16 | €30,382 | €2,548 | -€27,834 | -91.6% |
| Provisions for liabilities and charges | 160/5 | €25,000 | - | -€25,000 | |
| Other liabilities and charges | 164/5 | €25,000 | - | -€25,000 | |
| Deferred taxes | 168 | €5,382 | €2,548 | -€2,834 | -52.7% |
| Amounts payable | 17/49 | €39,916,288 | €56,912,239 | +€17.0m | +42.6% |
| Amounts payable after more than one year | 17 | €32,014,973 | €21,907,830 | -€10.1m | -31.6% |
| Financial debts | 170/4 | €31,892,857 | €21,785,714 | -€10.1m | -31.7% |
| Credit institutions | 173 | €31,892,857 | €21,785,714 | -€10.1m | -31.7% |
| Other amounts payable | 178/9 | €122,116 | €122,116 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,599,282 | €34,575,618 | +€27.0m | +355% |
| Current portion of amounts payable after more than one year | 42 | €4,380,951 | €21,357,143 | +€17.0m | +388% |
| Financial debts | 43 | - | €10,000,000 | +€10.0m | |
| Credit institutions | 430/8 | - | €10,000,000 | +€10.0m | |
| Trade debts | 44 | €345,932 | €401,203 | +€55,271 | +16.0% |
| Suppliers | 440/4 | €345,932 | €401,203 | +€55,271 | +16.0% |
| Taxes, remuneration and social security | 45 | €82,953 | €27,825 | -€55,128 | -66.5% |
| Taxes | 450/3 | €24,081 | - | -€24,081 | |
| Remuneration and social security | 454/9 | €58,873 | €27,825 | -€31,047 | -52.7% |
| Other amounts payable | 47/48 | €2,789,446 | €2,789,446 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €302,033 | €428,791 | +€126,759 | +42.0% |
| Operating income | 70/76A | €736,683 | €705,367 | -€31,316 | -4.3% |
| Turnover | 70 | €233,829 | €260,174 | +€26,345 | +11.3% |
| Other operating income | 74 | €496,242 | €445,193 | -€51,049 | -10.3% |
| Non-recurring operating income | 76A | €6,612 | - | -€6,612 | |
| Operating charges | 60/66A | €2,127,086 | €3,100,845 | +€973,758 | +45.8% |
| Goods for resale, raw materials and consumables | 60 | €3,119 | - | -€3,119 | |
| Purchases | 600/8 | €3,119 | - | -€3,119 | |
| Services and other goods | 61 | €1,848,125 | €2,054,271 | +€206,145 | +11.2% |
| Remuneration, social security and pensions | 62 | €232,627 | €293,644 | +€61,018 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,600 | €31,223 | -€1,376 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,000 | +€40,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,000 | -€25,000 | = | 0.0% |
| Other operating charges | 640/8 | €35,616 | €29,055 | -€6,561 | -18.4% |
| Non-recurring operating charges | 66A | - | €677,652 | +€677,652 | |
| Operating profit (loss) | 9901 | -€1,390,403 | -€2,395,477 | -€1.0m | -72.3% |
| Financial income | 75/76B | €12,036,167 | €7,180,466 | -€4.9m | -40.3% |
| Recurring financial income | 75 | €10,191,194 | €7,098,333 | -€3.1m | -30.3% |
| Income from financial fixed assets | 750 | €6,037,331 | €6,841,764 | +€804,433 | +13.3% |
| Income from current assets | 751 | €88,609 | €55,776 | -€32,833 | -37.1% |
| Other financial income | 752/9 | €4,065,254 | €200,794 | -€3.9m | -95.1% |
| Non-recurring financial income | 76B | €1,844,973 | €82,132 | -€1.8m | -95.5% |
| Financial charges | 65/66B | €12,797,846 | €8,291,129 | -€4.5m | -35.2% |
| Recurring financial charges | 65 | €5,932,118 | €1,231,059 | -€4.7m | -79.2% |
| Debt charges | 650 | €489,106 | €1,009,592 | +€520,487 | +106% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €1,697,576 | €192,203 | -€1.5m | -88.7% |
| Other financial charges | 652/9 | €3,745,437 | €29,264 | -€3.7m | -99.2% |
| Non-recurring financial charges | 66B | €6,865,728 | €7,060,070 | +€194,342 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,152,082 | -€3,506,141 | -€1.4m | -62.9% |
| Transfer from deferred taxes | 780 | €2,834 | €2,834 | = | 0.0% |
| Income taxes | 67/77 | €125,647 | €37,122 | -€88,525 | -70.5% |
| Taxes | 670/3 | €125,647 | €37,734 | -€87,913 | -70.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €612 | +€612 | |
| Profit (loss) for the period | 9904 | -€2,274,895 | -€3,540,429 | -€1.3m | -55.6% |
| Transfer from tax-exempt reserves | 789 | €8,503 | €8,503 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,266,392 | -€3,531,926 | -€1.3m | -55.8% |
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 23 October 2026 via checked.be.