NPMA: 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.
NPMA
Largest movements
- Tangible fixed assets +€8,784
up €8,784 (+38.3%), from €22,927 to €31,711
of which Other tangible fixed assets: +€9,057
- Cash -€7,713
down €7,713 (-11.7%), from €65,996 to €58,283
mainly Investment in fixed assets (net) (-€15,015) and Net result for the year (-€1,409)
- Receivables within one year -€2,267
down €2,267 (-4.1%), from €55,767 to €53,500
of which Trade receivables: -€3,092
No liability line moved by more than 1% of the balance sheet total.
- Staff costs +€42,569
up €42,569 (+9,194%), from €463 to €43,032
- Turnover +€36,959
up €36,959 (+20.8%), from €177,279 to €214,238
- Gross operating margin +€26,939
up €26,939 (+113%), from €23,892 to €50,831
- Purchases and services +€10,020
up €10,020 (+6.5%), from €153,387 to €163,407
- Taxes -€3,566
down €3,566 (-65.3%), from €5,463 to €1,897
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 | €148,812 | €148,077 | -€735 | -0.5% |
| Fixed assets | 21/28 | €22,927 | €31,711 | +€8,784 | +38.3% |
| Tangible fixed assets | 22/27 | €22,927 | €31,711 | +€8,784 | +38.3% |
| Plant, machinery and equipment | 23 | €2,663 | €3,525 | +€862 | +32.4% |
| Furniture and vehicles | 24 | €4,881 | €3,746 | -€1,135 | -23.3% |
| Other tangible fixed assets | 26 | €15,383 | €24,440 | +€9,057 | +58.9% |
| Current assets | 29/58 | €125,885 | €116,366 | -€9,519 | -7.6% |
| Amounts receivable after more than one year | 29 | - | €64 | +€64 | |
| Other amounts receivable | 291 | - | €64 | +€64 | |
| Amounts receivable within one year | 40/41 | €55,767 | €53,500 | -€2,267 | -4.1% |
| Trade receivables | 40 | €4,684 | €1,592 | -€3,092 | -66.0% |
| Other amounts receivable | 41 | €51,083 | €51,908 | +€825 | +1.6% |
| Cash at bank and in hand | 54/58 | €65,996 | €58,283 | -€7,713 | -11.7% |
| Deferred charges and accrued income | 490/1 | €4,122 | €4,519 | +€397 | +9.6% |
| Total equity and liabilities | 10/49 | €148,812 | €148,077 | -€735 | -0.5% |
| Equity | 10/15 | €132,505 | €131,096 | -€1,409 | -1.1% |
| Reserves | 13 | €130,560 | €130,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €122,500 | €122,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,945 | €536 | -€1,409 | -72.4% |
| Amounts payable | 17/49 | €16,307 | €16,981 | +€674 | +4.1% |
| Amounts payable within one year | 42/48 | €16,307 | €16,981 | +€674 | +4.1% |
| Trade debts | 44 | €7,480 | €6,980 | -€500 | -6.7% |
| Suppliers | 440/4 | €7,480 | €6,980 | -€500 | -6.7% |
| Taxes, remuneration and social security | 45 | €8,827 | €10,001 | +€1,174 | +13.3% |
| Taxes | 450/3 | €8,031 | €5,212 | -€2,819 | -35.1% |
| Remuneration and social security | 454/9 | €796 | €4,789 | +€3,993 | +502% |
| Turnover | 70 | €177,279 | €214,238 | +€36,959 | +20.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €153,387 | €163,407 | +€10,020 | +6.5% |
| Remuneration, social security and pensions | 62 | €463 | €43,032 | +€42,569 | +9,194% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,767 | €6,231 | +€1,464 | +30.7% |
| Other operating charges | 640/8 | €767 | €1,387 | +€620 | +80.8% |
| Gross operating margin | 9900 | €23,892 | €50,831 | +€26,939 | +113% |
| Operating profit (loss) | 9901 | €17,895 | €181 | -€17,714 | -99.0% |
| Financial income | 75/76B | €421 | €463 | +€42 | +10.0% |
| Recurring financial income | 75 | €421 | €463 | +€42 | +10.0% |
| Financial charges | 65/66B | €190 | €156 | -€34 | -17.9% |
| Recurring financial charges | 65 | €190 | €156 | -€34 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €18,126 | €488 | -€17,638 | -97.3% |
| Income taxes | 67/77 | €5,463 | €1,897 | -€3,566 | -65.3% |
| Profit (loss) for the period | 9904 | €12,663 | -€1,409 | -€14,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,663 | -€1,409 | -€14,072 |
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.