NUHMERIS: 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.
NUHMERIS
Largest movements
- Current investments -€7.8m
no longer reported in 2025 (was €7.8m)
- Cash +€7.5m
up €7.5m (+1,829%), from €412,592 to €8.0m
mainly Current investments (+€7.8m) and Investment in fixed assets (net) (+€3.8m)
- Financial fixed assets -€3.8m
down €3.8m (-100.0%), from €3.8m to €250
of which Companies linked by participating interests: -€2.0m
- Contributions -€3.2m
down €3.2m (-13.2%), from €24.5m to €21.3m
- Profit (loss) carried forward -€510,182
down €510,182 (-7.1%), from -€7.2m to -€7.7m
- Debts after one year -€400,000
down €400,000 (-7.1%), from €5.6m to €5.2m
- Financial charges +€5.6m
up €5.6m (+935%), from €603,739 to €6.2m
of which Non-recurring financial charges: +€5.5m
- Financial income +€5.4m
up €5.4m (+2,022%), from €266,300 to €5.6m
of which Non-recurring financial income: +€5.5m
- Depreciation -€59,146
no longer reported in 2025 (was €59,146)
- Turnover -€46,656
down €46,656 (-19.3%), from €242,238 to €195,582
- Services and other goods -€19,244
down €19,244 (-50.8%), from €37,850 to €18,606
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 | €23,548,570 | €19,350,925 | -€4.2m | -17.8% |
| Fixed assets | 21/28 | €9,832,825 | €6,000,250 | -€3.8m | -39.0% |
| Tangible fixed assets | 22/27 | €6,036,764 | €6,000,000 | -€36,764 | -0.6% |
| Land and buildings | 22 | €6,000,000 | €6,000,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €36,764 | - | -€36,764 | |
| Financial fixed assets | 28 | €3,796,061 | €250 | -€3.8m | -100.0% |
| Affiliated companies | 280/1 | €1,818,907 | - | -€1.8m | |
| Participating interests | 280 | €1,818,907 | - | -€1.8m | |
| Companies linked by participating interests | 282/3 | €1,977,154 | €250 | -€2.0m | -100.0% |
| Participating interests | 282 | €1,977,154 | €250 | -€2.0m | -100.0% |
| Current assets | 29/58 | €13,715,745 | €13,350,675 | -€365,071 | -2.7% |
| Stocks and contracts in progress | 3 | €5,260,860 | €5,260,860 | = | 0.0% |
| Stocks | 30/36 | €5,260,860 | €5,260,860 | = | 0.0% |
| Property held for sale | 35 | €5,260,860 | €5,260,860 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €178,362 | €91,151 | -€87,211 | -48.9% |
| Trade receivables | 40 | €7,174 | €44,390 | +€37,216 | +519% |
| Other amounts receivable | 41 | €171,188 | €46,761 | -€124,427 | -72.7% |
| Current investments | 50/53 | €7,750,000 | - | -€7.8m | |
| Other investments | 51/53 | €7,750,000 | - | -€7.8m | |
| Cash at bank and in hand | 54/58 | €412,592 | €7,959,717 | +€7.5m | +1,829% |
| Deferred charges and accrued income | 490/1 | €113,932 | €38,947 | -€74,985 | -65.8% |
| Total equity and liabilities | 10/49 | €23,548,570 | €19,350,925 | -€4.2m | -17.8% |
| Equity | 10/15 | €17,282,707 | €13,531,710 | -€3.8m | -21.7% |
| Contributions | 10/11 | €24,500,000 | €21,259,185 | -€3.2m | -13.2% |
| Capital | 10 | €24,500,000 | €21,259,185 | -€3.2m | -13.2% |
| Issued capital | 100 | €24,500,000 | €21,259,185 | -€3.2m | -13.2% |
| Profit (loss) carried forward | 14 | -€7,217,293 | -€7,727,475 | -€510,182 | -7.1% |
| Amounts payable | 17/49 | €6,265,863 | €5,819,215 | -€446,649 | -7.1% |
| Amounts payable after more than one year | 17 | €5,600,000 | €5,200,000 | -€400,000 | -7.1% |
| Financial debts | 170/4 | €5,600,000 | €5,200,000 | -€400,000 | -7.1% |
| Credit institutions | 173 | €5,600,000 | €5,200,000 | -€400,000 | -7.1% |
| Amounts payable within one year | 42/48 | €436,230 | €438,288 | +€2,058 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €34,341 | €36,141 | +€1,800 | +5.2% |
| Suppliers | 440/4 | €34,341 | €36,141 | +€1,800 | +5.2% |
| Taxes, remuneration and social security | 45 | - | €259 | +€259 | |
| Taxes | 450/3 | - | €259 | +€259 | |
| Other amounts payable | 47/48 | €1,888 | €1,888 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €229,634 | €180,926 | -€48,707 | -21.2% |
| Operating income | 70/76A | €242,238 | €195,582 | -€46,656 | -19.3% |
| Turnover | 70 | €242,238 | €195,582 | -€46,656 | -19.3% |
| Operating charges | 60/66A | €154,009 | €109,120 | -€44,889 | -29.1% |
| Goods for resale, raw materials and consumables | 60 | €19,747 | €15,558 | -€4,188 | -21.2% |
| Purchases | 600/8 | €19,747 | €15,558 | -€4,188 | -21.2% |
| Services and other goods | 61 | €37,850 | €18,606 | -€19,244 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,146 | - | -€59,146 | |
| Other operating charges | 640/8 | €37,267 | €38,191 | +€925 | +2.5% |
| Non-recurring operating charges | 66A | - | €36,764 | +€36,764 | |
| Operating profit (loss) | 9901 | €88,229 | €86,462 | -€1,766 | -2.0% |
| Financial income | 75/76B | €266,300 | €5,649,659 | +€5.4m | +2,022% |
| Recurring financial income | 75 | €266,300 | €155,870 | -€110,430 | -41.5% |
| Income from current assets | 751 | €266,300 | €155,870 | -€110,430 | -41.5% |
| Non-recurring financial income | 76B | - | €5,493,789 | +€5.5m | |
| Financial charges | 65/66B | €603,739 | €6,246,304 | +€5.6m | +935% |
| Recurring financial charges | 65 | €98,721 | €197,115 | +€98,394 | +99.7% |
| Debt charges | 650 | €97,446 | €196,989 | +€99,543 | +102% |
| Other financial charges | 652/9 | €1,276 | €126 | -€1,149 | -90.1% |
| Non-recurring financial charges | 66B | €505,017 | €6,049,188 | +€5.5m | +1,098% |
| Profit (loss) for the period before taxes | 9903 | -€249,210 | -€510,182 | -€260,972 | -105% |
| Profit (loss) for the period | 9904 | -€249,210 | -€510,182 | -€260,972 | -105% |
| Profit (loss) for the period to be appropriated | 9905 | -€249,210 | -€510,182 | -€260,972 | -105% |
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.