NOMALI: 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.
NOMALI
Largest movements
- Deferred charges and accrued income -€16,403
down €16,403 (-79.5%), from €20,631 to €4,228
- Stocks and contracts -€11,304
down €11,304 (-11.5%), from €97,925 to €86,621
- Receivables within one year -€6,444
down €6,444 (-14.8%), from €43,587 to €37,144
of which Other amounts receivable: -€21,444
- Cash -€5,884
down €5,884 (-29.1%), from €20,193 to €14,309
mainly Net result for the year (-€123,202) and Other debts (-€3,109)
- Profit (loss) carried forward -€123,202
down €123,202 (-502%), from -€24,529 to -€147,731
- Trade debts +€50,227
up €50,227 (+48.3%), from €104,045 to €154,272
- Provisions +€24,891
new in 2025: €24,891
- Tax, wage and social debts +€13,433
up €13,433 (+28.7%), from €46,788 to €60,221
of which Remuneration and social security: +€11,006
- Other debts -€3,109
down €3,109 (-61.9%), from €5,022 to €1,913
- Staff costs +€69,816
up €69,816 (+31.1%), from €224,571 to €294,388
- Other operating charges +€31,599
up €31,599 (+142%), from €22,288 to €53,887
- Provisions +€24,891
new in 2025: €24,891
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 | €183,543 | €145,003 | -€38,540 | -21.0% |
| Fixed assets | 21/28 | €1,207 | €2,701 | +€1,494 | +124% |
| Tangible fixed assets | 22/27 | €1,207 | €2,701 | +€1,494 | +124% |
| Land and buildings | 22 | €321 | €244 | -€77 | -24.0% |
| Plant, machinery and equipment | 23 | €615 | €2,402 | +€1,787 | +290% |
| Furniture and vehicles | 24 | €271 | €55 | -€216 | -79.6% |
| Current assets | 29/58 | €182,336 | €142,302 | -€40,034 | -22.0% |
| Stocks and contracts in progress | 3 | €97,925 | €86,621 | -€11,304 | -11.5% |
| Stocks | 30/36 | €97,925 | €86,621 | -€11,304 | -11.5% |
| Amounts receivable within one year | 40/41 | €43,587 | €37,144 | -€6,444 | -14.8% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €43,587 | €22,144 | -€21,444 | -49.2% |
| Cash at bank and in hand | 54/58 | €20,193 | €14,309 | -€5,884 | -29.1% |
| Deferred charges and accrued income | 490/1 | €20,631 | €4,228 | -€16,403 | -79.5% |
| Total equity and liabilities | 10/49 | €183,543 | €145,003 | -€38,540 | -21.0% |
| Equity | 10/15 | €26,908 | -€96,294 | -€123,202 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,437 | €46,437 | = | 0.0% |
| Distributable reserves | 133 | €46,437 | €46,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,529 | -€147,731 | -€123,202 | -502% |
| Provisions and deferred taxes | 16 | - | €24,891 | +€24,891 | |
| Provisions for liabilities and charges | 160/5 | - | €24,891 | +€24,891 | |
| Environmental obligations | 163 | - | €24,891 | +€24,891 | |
| Amounts payable | 17/49 | €156,635 | €216,406 | +€59,771 | +38.2% |
| Amounts payable within one year | 42/48 | €156,635 | €216,406 | +€59,771 | +38.2% |
| Financial debts | 43 | €780 | - | -€780 | |
| Credit institutions | 430/8 | €780 | - | -€780 | |
| Trade debts | 44 | €104,045 | €154,272 | +€50,227 | +48.3% |
| Suppliers | 440/4 | €104,045 | €154,272 | +€50,227 | +48.3% |
| Taxes, remuneration and social security | 45 | €46,788 | €60,221 | +€13,433 | +28.7% |
| Taxes | 450/3 | €13 | €2,440 | +€2,427 | +18,345% |
| Remuneration and social security | 454/9 | €46,775 | €57,781 | +€11,006 | +23.5% |
| Other amounts payable | 47/48 | €5,022 | €1,913 | -€3,109 | -61.9% |
| Remuneration, social security and pensions | 62 | €224,571 | €294,388 | +€69,816 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,386 | €1,400 | +€14 | +1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €24,891 | +€24,891 | |
| Other operating charges | 640/8 | €22,288 | €53,887 | +€31,599 | +142% |
| Gross operating margin | 9900 | €255,627 | €255,061 | -€566 | -0.2% |
| Operating profit (loss) | 9901 | €7,382 | -€119,504 | -€126,886 | |
| Financial income | 75/76B | €8 | €495 | +€488 | +6,452% |
| Recurring financial income | 75 | €8 | €495 | +€488 | +6,452% |
| Financial charges | 65/66B | €3,267 | €4,107 | +€839 | +25.7% |
| Recurring financial charges | 65 | €3,267 | €4,107 | +€839 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €4,122 | -€123,116 | -€127,237 | |
| Income taxes | 67/77 | - | €86 | +€86 | |
| Profit (loss) for the period | 9904 | €4,122 | -€123,202 | -€127,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,122 | -€123,202 | -€127,324 |
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 14 October 2026 via checked.be.