NUMAN: 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.
NUMAN
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+35.6%), from €2.9m to €3.9m
of which Land and buildings: +€1.0m
- Financial fixed assets -€490,000
down €490,000 (-49.0%), from €1.0m to €510,000
- Receivables after one year +€215,000
new in 2025: €215,000
- Receivables within one year -€98,646
down €98,646 (-38.6%), from €255,588 to €156,942
of which Trade receivables: -€91,132
- Cash -€56,266
down €56,266 (-8.8%), from €642,847 to €586,580
mainly Contributions, distributions and other (-€1.7m) and Investment in fixed assets (net) (-€739,499)
- Reserves -€1.4m
down €1.4m (-51.0%), from €2.8m to €1.4m
- Debts after one year +€1.1m
up €1.1m (+60.2%), from €1.8m to €2.8m
- Other debts +€751,736
up €751,736 (+18,182%), from €4,134 to €755,871
- Current portion of long-term debt +€109,373
up €109,373 (+56.9%), from €192,333 to €301,706
- Tax, wage and social debts +€73,432
up €73,432 (+615%), from €11,942 to €85,374
- Gross operating margin +€96,662
up €96,662 (+15.7%), from €614,069 to €710,731
- Depreciation +€64,062
up €64,062 (+46.8%), from €136,754 to €200,817
- Financial charges +€50,957
up €50,957 (+126%), from €40,549 to €91,506
- Financial income -€13,159
down €13,159 (-44.5%), from €29,596 to €16,437
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 | €4,803,069 | €5,423,281 | +€620,211 | +12.9% |
| Fixed assets | 21/28 | €3,890,770 | €4,429,452 | +€538,682 | +13.8% |
| Tangible fixed assets | 22/27 | €2,890,770 | €3,919,452 | +€1.0m | +35.6% |
| Land and buildings | 22 | €2,860,272 | €3,877,070 | +€1.0m | +35.5% |
| Plant, machinery and equipment | 23 | €26,011 | €18,840 | -€7,171 | -27.6% |
| Furniture and vehicles | 24 | €4,487 | €23,542 | +€19,055 | +425% |
| Financial fixed assets | 28 | €1,000,000 | €510,000 | -€490,000 | -49.0% |
| Current assets | 29/58 | €912,299 | €993,829 | +€81,530 | +8.9% |
| Amounts receivable after more than one year | 29 | - | €215,000 | +€215,000 | |
| Other amounts receivable | 291 | - | €215,000 | +€215,000 | |
| Amounts receivable within one year | 40/41 | €255,588 | €156,942 | -€98,646 | -38.6% |
| Trade receivables | 40 | €129,684 | €38,553 | -€91,132 | -70.3% |
| Other amounts receivable | 41 | €125,904 | €118,389 | -€7,514 | -6.0% |
| Cash at bank and in hand | 54/58 | €642,847 | €586,580 | -€56,266 | -8.8% |
| Deferred charges and accrued income | 490/1 | €13,864 | €35,306 | +€21,442 | +155% |
| Total equity and liabilities | 10/49 | €4,803,069 | €5,423,281 | +€620,211 | +12.9% |
| Equity | 10/15 | €2,789,172 | €1,379,369 | -€1.4m | -50.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €2,764,386 | €1,354,536 | -€1.4m | -51.0% |
| Distributable reserves | 133 | €2,764,386 | €1,354,536 | -€1.4m | -51.0% |
| Profit (loss) carried forward | 14 | €2,786 | €2,834 | +€47 | +1.7% |
| Amounts payable | 17/49 | €2,013,897 | €4,043,912 | +€2.0m | +101% |
| Amounts payable after more than one year | 17 | €1,777,543 | €2,848,076 | +€1.1m | +60.2% |
| Financial debts | 170/4 | €1,777,543 | €2,848,076 | +€1.1m | +60.2% |
| Amounts payable within one year | 42/48 | €235,115 | €1,154,309 | +€919,194 | +391% |
| Current portion of amounts payable after more than one year | 42 | €192,333 | €301,706 | +€109,373 | +56.9% |
| Financial debts | 43 | €22,500 | €11,358 | -€11,142 | -49.5% |
| Credit institutions | 430/8 | €22,500 | €11,358 | -€11,142 | -49.5% |
| Trade debts | 44 | €4,205 | €0 | -€4,205 | -100% |
| Suppliers | 440/4 | €4,205 | €0 | -€4,205 | -100% |
| Taxes, remuneration and social security | 45 | €11,942 | €85,374 | +€73,432 | +615% |
| Taxes | 450/3 | €11,942 | €85,374 | +€73,432 | +615% |
| Other amounts payable | 47/48 | €4,134 | €755,871 | +€751,736 | +18,182% |
| Accrued charges and deferred income | 492/3 | €1,239 | €41,527 | +€40,287 | +3,250% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,754 | €200,817 | +€64,062 | +46.8% |
| Other operating charges | 640/8 | €34,460 | €39,090 | +€4,631 | +13.4% |
| Non-recurring operating charges | 66A | - | €26,400 | +€26,400 | |
| Gross operating margin | 9900 | €614,069 | €710,731 | +€96,662 | +15.7% |
| Operating profit (loss) | 9901 | €442,855 | €444,424 | +€1,569 | +0.4% |
| Financial income | 75/76B | €29,596 | €16,437 | -€13,159 | -44.5% |
| Recurring financial income | 75 | €29,596 | €16,437 | -€13,159 | -44.5% |
| Financial charges | 65/66B | €40,549 | €91,506 | +€50,957 | +126% |
| Recurring financial charges | 65 | €40,549 | €91,506 | +€50,957 | +126% |
| Profit (loss) for the period before taxes | 9903 | €431,902 | €369,355 | -€62,547 | -14.5% |
| Income taxes | 67/77 | €120,478 | €120,158 | -€320 | -0.3% |
| Profit (loss) for the period | 9904 | €311,424 | €249,197 | -€62,227 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €311,424 | €249,197 | -€62,227 | -20.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.