NOMO: 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.
NOMO
Largest movements
- Cash -€15,876
down €15,876 (-20.1%), from €79,155 to €63,280
mainly Trade debts (-€36,810) and Other debts (-€19,391)
- Stocks and contracts -€7,426
down €7,426 (-6.2%), from €119,787 to €112,362
- Intangible fixed assets -€5,998
down €5,998 (-36.6%), from €16,386 to €10,387
- Trade debts -€36,810
down €36,810 (-46.9%), from €78,525 to €41,715
- Other debts -€19,391
down €19,391 (-80.1%), from €24,197 to €4,806
- Tax, wage and social debts +€17,375
up €17,375 (+45.6%), from €38,113 to €55,487
of which Taxes: +€13,135
- Reserves +€11,566
up €11,566 (+18.9%), from €61,291 to €72,857
- Debts after one year -€4,861
down €4,861 (-13.2%), from €36,718 to €31,857
- Gross operating margin -€11,373
down €11,373 (-20.9%), from €54,317 to €42,944
- Staff costs +€7,022
new in 2025: €7,022
- Taxes +€4,388
new in 2025: €4,388
- Financial charges -€1,823
down €1,823 (-23.7%), from €7,702 to €5,879
- Other operating charges +€889
up €889 (+145.0%), from €613 to €1,503
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 | €334,643 | €301,584 | -€33,059 | -9.9% |
| Fixed assets | 21/28 | €57,155 | €48,840 | -€8,315 | -14.5% |
| Intangible fixed assets | 21 | €16,386 | €10,387 | -€5,998 | -36.6% |
| Tangible fixed assets | 22/27 | €40,770 | €38,453 | -€2,317 | -5.7% |
| Plant, machinery and equipment | 23 | €2,880 | €6,083 | +€3,203 | +111.2% |
| Furniture and vehicles | 24 | €2,605 | €1,528 | -€1,077 | -41.3% |
| Other tangible fixed assets | 26 | €35,285 | €30,841 | -€4,443 | -12.6% |
| Current assets | 29/58 | €277,487 | €252,744 | -€24,743 | -8.9% |
| Stocks and contracts in progress | 3 | €119,787 | €112,362 | -€7,426 | -6.2% |
| Stocks | 30/36 | €119,787 | €112,362 | -€7,426 | -6.2% |
| Amounts receivable within one year | 40/41 | €78,545 | €77,103 | -€1,442 | -1.8% |
| Trade receivables | 40 | €74,836 | €77,103 | +€2,267 | +3.0% |
| Other amounts receivable | 41 | €3,709 | €0 | -€3,709 | -100.0% |
| Cash at bank and in hand | 54/58 | €79,155 | €63,280 | -€15,876 | -20.1% |
| Total equity and liabilities | 10/49 | €334,643 | €301,584 | -€33,059 | -9.9% |
| Equity | 10/15 | €101,291 | €112,857 | +€11,566 | +11.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €61,291 | €72,857 | +€11,566 | +18.9% |
| Distributable reserves | 133 | €61,291 | €72,857 | +€11,566 | +18.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €233,352 | €188,727 | -€44,625 | -19.1% |
| Amounts payable after more than one year | 17 | €36,718 | €31,857 | -€4,861 | -13.2% |
| Financial debts | 170/4 | €36,718 | €31,857 | -€4,861 | -13.2% |
| Amounts payable within one year | 42/48 | €196,634 | €156,870 | -€39,764 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €5,798 | €4,861 | -€938 | -16.2% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €78,525 | €41,715 | -€36,810 | -46.9% |
| Suppliers | 440/4 | €78,525 | €41,715 | -€36,810 | -46.9% |
| Taxes, remuneration and social security | 45 | €38,113 | €55,487 | +€17,375 | +45.6% |
| Taxes | 450/3 | €38,113 | €51,248 | +€13,135 | +34.5% |
| Remuneration and social security | 454/9 | - | €4,240 | +€4,240 | |
| Other amounts payable | 47/48 | €24,197 | €4,806 | -€19,391 | -80.1% |
| Remuneration, social security and pensions | 62 | - | €7,022 | +€7,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,731 | €12,720 | -€11 | -0.1% |
| Other operating charges | 640/8 | €613 | €1,503 | +€889 | +145.0% |
| Gross operating margin | 9900 | €54,317 | €42,944 | -€11,373 | -20.9% |
| Operating profit (loss) | 9901 | €40,973 | €21,699 | -€19,273 | -47.0% |
| Financial income | 75/76B | €127 | €133 | +€6 | +4.3% |
| Recurring financial income | 75 | €127 | €133 | +€6 | +4.3% |
| Financial charges | 65/66B | €7,702 | €5,879 | -€1,823 | -23.7% |
| Recurring financial charges | 65 | €7,702 | €5,879 | -€1,823 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €33,398 | €15,953 | -€17,445 | -52.2% |
| Income taxes | 67/77 | - | €4,388 | +€4,388 | |
| Profit (loss) for the period | 9904 | €33,398 | €11,566 | -€21,832 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,398 | €11,566 | -€21,832 | -65.4% |
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 5 October 2026 via checked.be.