NUCOMAT: 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.
NUCOMAT
Largest movements
- Receivables after one year -€1.4m
no longer reported in 2025 (was €1.4m)
- Receivables within one year +€667,226
up €667,226 (+240.4%), from €277,595 to €944,821
of which Trade receivables: +€658,314
- Cash +€595,306
up €595,306 (+97.5%), from €610,531 to €1.2m
mainly Receivables after one year (+€1.4m) and Net result for the year (+€229,133)
- Stocks and contracts +€107,900
up €107,900 (+20.3%), from €532,100 to €640,000
of which Contracts in progress: +€120,000
- Profit (loss) carried forward -€282,867
down €282,867 (-13.3%), from €2.1m to €1.8m
- Advances received +€73,385
new in 2025: €73,385
- Tax, wage and social debts +€72,793
up €72,793 (+87.1%), from €83,605 to €156,397
of which Taxes: +€79,576
- Trade debts +€67,388
up €67,388 (+62.1%), from €108,471 to €175,859
- Other debts +€29,500
up €29,500 (+8.9%), from €332,500 to €362,000
- Gross operating margin +€235,688
up €235,688 (+43.8%), from €537,656 to €773,344
- Staff costs +€105,304
up €105,304 (+25.8%), from €408,058 to €513,362
- Financial income +€75,042
up €75,042 (+3661.3%), from €2,050 to €77,092
- Taxes +€54,376
up €54,376 (+259.3%), from €20,967 to €75,343
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 | €2,903,949 | €2,856,253 | -€47,696 | -1.6% |
| Fixed assets | 21/28 | €18,963 | €27,780 | +€8,817 | +46.5% |
| Tangible fixed assets | 22/27 | €18,036 | €26,853 | +€8,817 | +48.9% |
| Furniture and vehicles | 24 | €18,036 | €26,853 | +€8,817 | +48.9% |
| Financial fixed assets | 28 | €926 | €926 | = | 0.0% |
| Current assets | 29/58 | €2,884,986 | €2,828,473 | -€56,513 | -2.0% |
| Amounts receivable after more than one year | 29 | €1,445,407 | - | -€1.4m | |
| Trade receivables | 290 | €1,445,407 | - | -€1.4m | |
| Stocks and contracts in progress | 3 | €532,100 | €640,000 | +€107,900 | +20.3% |
| Stocks | 30/36 | €532,100 | €520,000 | -€12,100 | -2.3% |
| Contracts in progress | 37 | - | €120,000 | +€120,000 | |
| Amounts receivable within one year | 40/41 | €277,595 | €944,821 | +€667,226 | +240.4% |
| Trade receivables | 40 | €201,158 | €859,472 | +€658,314 | +327.3% |
| Other amounts receivable | 41 | €76,437 | €85,349 | +€8,912 | +11.7% |
| Current investments | 50/53 | €83 | €83 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €610,531 | €1,205,836 | +€595,306 | +97.5% |
| Deferred charges and accrued income | 490/1 | €19,270 | €37,733 | +€18,463 | +95.8% |
| Total equity and liabilities | 10/49 | €2,903,949 | €2,856,253 | -€47,696 | -1.6% |
| Equity | 10/15 | €2,371,478 | €2,088,611 | -€282,867 | -11.9% |
| Contributions | 10/11 | €220,280 | €220,280 | = | 0.0% |
| Reserves | 13 | €22,280 | €22,280 | = | 0.0% |
| Distributable reserves | 133 | €22,280 | €22,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,128,918 | €1,846,051 | -€282,867 | -13.3% |
| Amounts payable | 17/49 | €532,471 | €767,642 | +€235,171 | +44.2% |
| Amounts payable within one year | 42/48 | €532,471 | €767,642 | +€235,171 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €7,895 | - | -€7,895 | |
| Trade debts | 44 | €108,471 | €175,859 | +€67,388 | +62.1% |
| Suppliers | 440/4 | €108,471 | €175,859 | +€67,388 | +62.1% |
| Advances received on contracts in progress | 46 | - | €73,385 | +€73,385 | |
| Taxes, remuneration and social security | 45 | €83,605 | €156,397 | +€72,793 | +87.1% |
| Taxes | 450/3 | €17,500 | €97,076 | +€79,576 | +454.7% |
| Remuneration and social security | 454/9 | €66,105 | €59,321 | -€6,783 | -10.3% |
| Other amounts payable | 47/48 | €332,500 | €362,000 | +€29,500 | +8.9% |
| Remuneration, social security and pensions | 62 | €408,058 | €513,362 | +€105,304 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,051 | €9,297 | +€2,246 | +31.9% |
| Other operating charges | 640/8 | €11,185 | €11,469 | +€283 | +2.5% |
| Gross operating margin | 9900 | €537,656 | €773,344 | +€235,688 | +43.8% |
| Operating profit (loss) | 9901 | €111,361 | €239,216 | +€127,855 | +114.8% |
| Financial income | 75/76B | €2,050 | €77,092 | +€75,042 | +3661.3% |
| Recurring financial income | 75 | €2,050 | €77,092 | +€75,042 | +3661.3% |
| Financial charges | 65/66B | €4,496 | €11,832 | +€7,335 | +163.1% |
| Recurring financial charges | 65 | €4,496 | €11,832 | +€7,335 | +163.1% |
| Profit (loss) for the period before taxes | 9903 | €108,915 | €304,476 | +€195,562 | +179.6% |
| Income taxes | 67/77 | €20,967 | €75,343 | +€54,376 | +259.3% |
| Profit (loss) for the period | 9904 | €87,947 | €229,133 | +€141,186 | +160.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,947 | €229,133 | +€141,186 | +160.5% |
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 10 October 2026 via checked.be.