NOMAR: 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.
NOMAR
Largest movements
- Tangible fixed assets -€21,520
down €21,520 (-3.5%), from €615,006 to €593,487
of which Land and buildings: -€21,476
- Reserves -€15,466
down €15,466 (-1.7%), from €905,183 to €889,717
of which Tax-exempt reserves: -€15,466
- Depreciation -€2,672
down €2,672 (-11.0%), from €24,192 to €21,520
- Other operating charges +€1,450
up €1,450 (+68.7%), from €2,111 to €3,561
- Gross operating margin -€775
down €775 (-39.5%), from €1,961 to €1,187
- Financial charges +€124
up €124 (+49.5%), from €249 to €373
- Staff costs +€93
no longer reported in 2025 (was -€93)
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 | €1,158,661 | €1,134,195 | -€24,465 | -2.1% |
| Fixed assets | 21/28 | €615,006 | €593,487 | -€21,520 | -3.5% |
| Tangible fixed assets | 22/27 | €615,006 | €593,487 | -€21,520 | -3.5% |
| Land and buildings | 22 | €614,962 | €593,487 | -€21,476 | -3.5% |
| Plant, machinery and equipment | 23 | €44 | - | -€44 | |
| Current assets | 29/58 | €543,654 | €540,709 | -€2,946 | -0.5% |
| Amounts receivable within one year | 40/41 | €70,858 | €66,779 | -€4,079 | -5.8% |
| Other amounts receivable | 41 | €70,858 | €66,779 | -€4,079 | -5.8% |
| Cash at bank and in hand | 54/58 | €472,797 | €473,930 | +€1,133 | +0.2% |
| Total equity and liabilities | 10/49 | €1,158,661 | €1,134,195 | -€24,465 | -2.1% |
| Equity | 10/15 | €860,667 | €841,356 | -€19,310 | -2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €905,183 | €889,717 | -€15,466 | -1.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €893,983 | €878,517 | -€15,466 | -1.7% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,516 | -€110,360 | -€3,844 | -3.6% |
| Provisions and deferred taxes | 16 | €297,994 | €292,839 | -€5,155 | -1.7% |
| Deferred taxes | 168 | €297,994 | €292,839 | -€5,155 | -1.7% |
| Remuneration, social security and pensions | 62 | -€93 | - | +€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,192 | €21,520 | -€2,672 | -11.0% |
| Other operating charges | 640/8 | €2,111 | €3,561 | +€1,450 | +68.7% |
| Gross operating margin | 9900 | €1,961 | €1,187 | -€775 | -39.5% |
| Operating profit (loss) | 9901 | -€24,248 | -€23,894 | +€354 | +1.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €249 | €373 | +€124 | +49.5% |
| Recurring financial charges | 65 | €249 | €373 | +€124 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,498 | -€24,267 | +€231 | +0.9% |
| Transfer from deferred taxes | 780 | €5,155 | €5,155 | = | 0.0% |
| Income taxes | 67/77 | €191 | €199 | +€8 | +4.1% |
| Profit (loss) for the period | 9904 | -€19,533 | -€19,310 | +€223 | +1.1% |
| Transfer from tax-exempt reserves | 789 | €15,466 | €15,466 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,067 | -€3,844 | +€223 | +5.5% |
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.