NUTAMED: 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.
NUTAMED
Largest movements
- Cash -€85,898
down €85,898 (-99.8%), from €86,108 to €211
mainly Receivables within one year (-€82,032) and Trade debts (-€38,673)
- Receivables within one year +€82,032
up €82,032 (+84.3%), from €97,324 to €179,355
of which Trade receivables: +€69,514
- Tangible fixed assets -€26,361
down €26,361 (-29.6%), from €88,915 to €62,554
- Trade debts -€38,673
down €38,673 (-57.1%), from €67,746 to €29,073
- Profit (loss) carried forward +€27,708
up €27,708 (+11.0%), from €252,449 to €280,158
- Debts after one year -€12,776
down €12,776 (-41.0%), from €31,162 to €18,386
- Other debts -€7,921
no longer reported in 2025 (was €7,921)
- Staff costs +€29,513
up €29,513 (+13.2%), from €223,123 to €252,637
- Gross operating margin +€29,164
up €29,164 (+9.8%), from €297,002 to €326,166
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 | €457,832 | €427,595 | -€30,237 | -6.6% |
| Fixed assets | 21/28 | €88,915 | €62,554 | -€26,361 | -29.6% |
| Tangible fixed assets | 22/27 | €88,915 | €62,554 | -€26,361 | -29.6% |
| Plant, machinery and equipment | 23 | €24,453 | €13,526 | -€10,927 | -44.7% |
| Furniture and vehicles | 24 | €10,837 | €7,639 | -€3,198 | -29.5% |
| Leasing and similar rights | 25 | €53,624 | €41,388 | -€12,236 | -22.8% |
| Current assets | 29/58 | €368,917 | €365,041 | -€3,876 | -1.1% |
| Stocks and contracts in progress | 3 | €185,485 | €185,475 | -€10 | 0.0% |
| Stocks | 30/36 | €185,485 | €185,475 | -€10 | 0.0% |
| Amounts receivable within one year | 40/41 | €97,324 | €179,355 | +€82,032 | +84.3% |
| Trade receivables | 40 | €78,019 | €147,533 | +€69,514 | +89.1% |
| Other amounts receivable | 41 | €19,304 | €31,823 | +€12,518 | +64.8% |
| Cash at bank and in hand | 54/58 | €86,108 | €211 | -€85,898 | -99.8% |
| Total equity and liabilities | 10/49 | €457,832 | €427,595 | -€30,237 | -6.6% |
| Equity | 10/15 | €260,709 | €288,418 | +€27,708 | +10.6% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,449 | €280,158 | +€27,708 | +11.0% |
| Amounts payable | 17/49 | €197,122 | €139,177 | -€57,945 | -29.4% |
| Amounts payable after more than one year | 17 | €31,162 | €18,386 | -€12,776 | -41.0% |
| Financial debts | 170/4 | €31,162 | €18,386 | -€12,776 | -41.0% |
| Amounts payable within one year | 42/48 | €165,750 | €120,393 | -€45,357 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €11,968 | €12,776 | +€808 | +6.8% |
| Financial debts | 43 | - | €2,134 | +€2,134 | |
| Credit institutions | 430/8 | - | €2,134 | +€2,134 | |
| Trade debts | 44 | €67,746 | €29,073 | -€38,673 | -57.1% |
| Suppliers | 440/4 | €67,746 | €29,073 | -€38,673 | -57.1% |
| Taxes, remuneration and social security | 45 | €78,115 | €76,410 | -€1,705 | -2.2% |
| Taxes | 450/3 | €17,745 | €16,242 | -€1,503 | -8.5% |
| Remuneration and social security | 454/9 | €60,370 | €60,168 | -€202 | -0.3% |
| Other amounts payable | 47/48 | €7,921 | - | -€7,921 | |
| Accrued charges and deferred income | 492/3 | €211 | €398 | +€187 | +88.8% |
| Remuneration, social security and pensions | 62 | €223,123 | €252,637 | +€29,513 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,129 | €26,361 | +€2,232 | +9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,154 | - | -€1,154 | |
| Other operating charges | 640/8 | €2,808 | €3,325 | +€517 | +18.4% |
| Gross operating margin | 9900 | €297,002 | €326,166 | +€29,164 | +9.8% |
| Operating profit (loss) | 9901 | €45,787 | €43,843 | -€1,944 | -4.2% |
| Financial income | 75/76B | €167 | €199 | +€33 | +19.5% |
| Recurring financial income | 75 | €167 | €199 | +€33 | +19.5% |
| Financial charges | 65/66B | €6,468 | €5,657 | -€810 | -12.5% |
| Recurring financial charges | 65 | €5,193 | €5,657 | +€465 | +8.9% |
| Non-recurring financial charges | 66B | €1,275 | - | -€1,275 | |
| Profit (loss) for the period before taxes | 9903 | €39,486 | €38,385 | -€1,101 | -2.8% |
| Income taxes | 67/77 | €9,840 | €10,677 | +€837 | +8.5% |
| Profit (loss) for the period | 9904 | €29,646 | €27,708 | -€1,938 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,646 | €27,708 | -€1,938 | -6.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.