NSM Construct: 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.
NSM Construct
Largest movements
- Receivables within one year +€127,092
up €127,092 (+803.6%), from €15,815 to €142,907
of which Trade receivables: +€126,953
- Tangible fixed assets -€9,839
down €9,839 (-64.6%), from €15,231 to €5,392
of which Plant, machinery and equipment: -€5,834
- Profit (loss) carried forward +€99,802
up €99,802, from -€5,021 to €94,781
- Tax, wage and social debts +€23,700
new in 2024: €23,700
- Trade debts -€6,458
down €6,458 (-24.5%), from €26,393 to €19,935
- Gross operating margin +€134,145
up €134,145, from -€380 to €133,765
- Taxes +€23,700
new in 2024: €23,700
- Depreciation +€1,338
up €1,338 (+15.7%), from €8,501 to €9,839
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,361 | €148,404 | +€117,044 | +373.2% |
| Fixed assets | 21/28 | €15,231 | €5,392 | -€9,839 | -64.6% |
| Tangible fixed assets | 22/27 | €15,231 | €5,392 | -€9,839 | -64.6% |
| Plant, machinery and equipment | 23 | €7,251 | €1,416 | -€5,834 | -80.5% |
| Furniture and vehicles | 24 | €7,980 | €3,976 | -€4,005 | -50.2% |
| Current assets | 29/58 | €16,130 | €143,013 | +€126,883 | +786.6% |
| Amounts receivable within one year | 40/41 | €15,815 | €142,907 | +€127,092 | +803.6% |
| Trade receivables | 40 | €15,535 | €142,488 | +€126,953 | +817.2% |
| Other amounts receivable | 41 | €281 | €419 | +€139 | +49.5% |
| Cash at bank and in hand | 54/58 | €315 | €105 | -€209 | -66.5% |
| Total equity and liabilities | 10/49 | €31,361 | €148,404 | +€117,044 | +373.2% |
| Equity | 10/15 | €679 | €100,481 | +€99,802 | +14694.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €700 | €700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €700 | €700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €700 | €700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,021 | €94,781 | +€99,802 | |
| Amounts payable | 17/49 | €30,681 | €47,923 | +€17,242 | +56.2% |
| Amounts payable within one year | 42/48 | €30,681 | €47,923 | +€17,242 | +56.2% |
| Trade debts | 44 | €26,393 | €19,935 | -€6,458 | -24.5% |
| Suppliers | 440/4 | €26,393 | €19,935 | -€6,458 | -24.5% |
| Taxes, remuneration and social security | 45 | - | €23,700 | +€23,700 | |
| Taxes | 450/3 | - | €23,700 | +€23,700 | |
| Other amounts payable | 47/48 | €4,288 | €4,288 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €661 | +€661 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,501 | €9,839 | +€1,338 | +15.7% |
| Other operating charges | 640/8 | €28 | €424 | +€397 | +1438.1% |
| Gross operating margin | 9900 | -€380 | €133,765 | +€134,145 | |
| Operating profit (loss) | 9901 | -€8,909 | €123,502 | +€132,411 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €107 | - | -€107 | |
| Recurring financial charges | 65 | €107 | - | -€107 | |
| Profit (loss) for the period before taxes | 9903 | -€9,015 | €123,502 | +€132,517 | |
| Income taxes | 67/77 | - | €23,700 | +€23,700 | |
| Profit (loss) for the period | 9904 | -€9,015 | €99,802 | +€108,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,015 | €99,802 | +€108,817 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.