Nouadhibou: what changed
Nouadhibou
Largest movements
- Tangible fixed assets -€16,785
down €16,785 (-6.9%), from €242,854 to €226,069
of which Other tangible fixed assets: -€16,191
- Receivables within one year -€9,210
down €9,210 (-45.0%), from €20,447 to €11,237
of which Trade receivables: -€8,304
- Debts after one year +€250,000
new in 2025: €250,000
- Other debts -€240,756
down €240,756 (-81.8%), from €294,399 to €53,644
- Profit (loss) carried forward -€62,810
down €62,810 (-54.4%), from -€115,544 to -€178,354
- Trade debts +€31,923
up €31,923 (+345%), from €9,260 to €41,183
- Tax, wage and social debts -€4,037
down €4,037 (-78.1%), from €5,169 to €1,132
of which Remuneration and social security: -€4,000
- Gross operating margin -€33,272
down €33,272, from €14,345 to -€18,927
- Depreciation +€4,993
up €4,993 (+13.7%), from €36,556 to €41,549
- Staff costs +€1,530
up €1,530, from -€155 to €1,375
- Other operating charges -€553
down €553 (-79.3%), from €697 to €144
- Taxes +€443
up €443 (+169%), from €262 to €705
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,580 | €259,901 | -€25,680 | -9.0% |
| Fixed assets | 21/28 | €242,854 | €226,069 | -€16,785 | -6.9% |
| Tangible fixed assets | 22/27 | €242,854 | €226,069 | -€16,785 | -6.9% |
| Plant, machinery and equipment | 23 | €89,468 | €74,195 | -€15,273 | -17.1% |
| Furniture and vehicles | 24 | €992 | €15,670 | +€14,678 | +1,480% |
| Other tangible fixed assets | 26 | €152,394 | €136,203 | -€16,191 | -10.6% |
| Current assets | 29/58 | €42,727 | €33,832 | -€8,895 | -20.8% |
| Stocks and contracts in progress | 3 | €21,000 | €21,000 | = | 0.0% |
| Stocks | 30/36 | €21,000 | €21,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,447 | €11,237 | -€9,210 | -45.0% |
| Trade receivables | 40 | €16,929 | €8,625 | -€8,304 | -49.1% |
| Other amounts receivable | 41 | €3,518 | €2,612 | -€905 | -25.7% |
| Cash at bank and in hand | 54/58 | €1,280 | €1,595 | +€315 | +24.6% |
| Total equity and liabilities | 10/49 | €285,580 | €259,901 | -€25,680 | -9.0% |
| Equity | 10/15 | -€23,248 | -€86,058 | -€62,810 | -270% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,696 | €73,696 | = | 0.0% |
| Distributable reserves | 133 | €73,696 | €73,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,544 | -€178,354 | -€62,810 | -54.4% |
| Amounts payable | 17/49 | €308,829 | €345,959 | +€37,130 | +12.0% |
| Amounts payable after more than one year | 17 | - | €250,000 | +€250,000 | |
| Financial debts | 170/4 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €308,829 | €95,959 | -€212,870 | -68.9% |
| Trade debts | 44 | €9,260 | €41,183 | +€31,923 | +345% |
| Suppliers | 440/4 | €9,260 | €41,183 | +€31,923 | +345% |
| Taxes, remuneration and social security | 45 | €5,169 | €1,132 | -€4,037 | -78.1% |
| Taxes | 450/3 | €1,169 | €1,132 | -€37 | -3.2% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €294,399 | €53,644 | -€240,756 | -81.8% |
| Non-recurring operating income | 76A | - | €4,200 | +€4,200 | |
| Remuneration, social security and pensions | 62 | -€155 | €1,375 | +€1,530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,556 | €41,549 | +€4,993 | +13.7% |
| Other operating charges | 640/8 | €697 | €144 | -€553 | -79.3% |
| Gross operating margin | 9900 | €14,345 | -€18,927 | -€33,272 | |
| Operating profit (loss) | 9901 | -€22,754 | -€61,995 | -€39,241 | -172% |
| Financial charges | 65/66B | €517 | €110 | -€408 | -78.8% |
| Recurring financial charges | 65 | €517 | €110 | -€408 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,271 | -€62,105 | -€38,833 | -167% |
| Income taxes | 67/77 | €262 | €705 | +€443 | +169% |
| Profit (loss) for the period | 9904 | -€23,534 | -€62,810 | -€39,276 | -167% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,534 | -€62,810 | -€39,276 | -167% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.