NSM PRODUCTS: 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.
NSM PRODUCTS
Largest movements
- Receivables within one year -€6,497
down €6,497 (-26.3%), from €24,736 to €18,240
- Trade debts -€3,800
down €3,800 (-71.7%), from €5,301 to €1,501
- Other debts -€2,622
down €2,622 (-62.1%), from €4,222 to €1,600
- Gross operating margin +€385
up €385, from -€385 to €0
- Financial charges +€16
up €16 (+22.4%), from €72 to €89
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 | €25,130 | €18,621 | -€6,510 | -25.9% |
| Current assets | 29/58 | €25,130 | €18,621 | -€6,510 | -25.9% |
| Amounts receivable within one year | 40/41 | €24,736 | €18,240 | -€6,497 | -26.3% |
| Other amounts receivable | 41 | €24,736 | €18,240 | -€6,497 | -26.3% |
| Cash at bank and in hand | 54/58 | €38 | €25 | -€13 | -34.4% |
| Deferred charges and accrued income | 490/1 | €356 | €356 | = | 0.0% |
| Total equity and liabilities | 10/49 | €25,130 | €18,621 | -€6,510 | -25.9% |
| Equity | 10/15 | €15,361 | €15,272 | -€89 | -0.6% |
| Contributions | 10/11 | €7,440 | €7,440 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,061 | €5,972 | -€89 | -1.5% |
| Amounts payable | 17/49 | €9,770 | €3,349 | -€6,421 | -65.7% |
| Amounts payable within one year | 42/48 | €9,770 | €3,349 | -€6,421 | -65.7% |
| Trade debts | 44 | €5,301 | €1,501 | -€3,800 | -71.7% |
| Suppliers | 440/4 | €5,301 | €1,501 | -€3,800 | -71.7% |
| Taxes, remuneration and social security | 45 | €248 | €248 | = | 0.0% |
| Taxes | 450/3 | €248 | €248 | = | 0.0% |
| Other amounts payable | 47/48 | €4,222 | €1,600 | -€2,622 | -62.1% |
| Gross operating margin | 9900 | -€385 | €0 | +€385 | |
| Operating profit (loss) | 9901 | -€385 | €0 | +€385 | |
| Financial charges | 65/66B | €72 | €89 | +€16 | +22.4% |
| Recurring financial charges | 65 | €72 | €89 | +€16 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | -€458 | -€89 | +€369 | +80.7% |
| Profit (loss) for the period | 9904 | -€458 | -€89 | +€369 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€458 | -€89 | +€369 | +80.7% |
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 26 October 2026 via checked.be.