Nutmeg: 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.
Nutmeg
Largest movements
- Cash +€111,698
up €111,698 (+190%), from €58,741 to €170,439
mainly Net result for the year (+€74,264) and Tax, wage and social debts (+€19,998)
- Receivables within one year -€16,156
down €16,156 (-51.2%), from €31,557 to €15,401
of which Trade receivables: -€15,589
- Reserves +€74,264
up €74,264 (+121%), from €61,457 to €135,721
- Tax, wage and social debts +€19,998
up €19,998 (+76.9%), from €26,018 to €46,017
of which Taxes: +€22,023
- Gross operating margin +€16,267
up €16,267 (+20.4%), from €79,680 to €95,947
- Taxes +€5,728
up €5,728 (+36.3%), from €15,797 to €21,525
- Depreciation -€2,390
no longer reported in 2025 (was €2,390)
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 | €90,299 | €185,840 | +€95,541 | +106% |
| Current assets | 29/58 | €90,299 | €185,840 | +€95,541 | +106% |
| Amounts receivable within one year | 40/41 | €31,557 | €15,401 | -€16,156 | -51.2% |
| Trade receivables | 40 | €30,714 | €15,125 | -€15,589 | -50.8% |
| Other amounts receivable | 41 | €844 | €276 | -€568 | -67.3% |
| Cash at bank and in hand | 54/58 | €58,741 | €170,439 | +€111,698 | +190% |
| Total equity and liabilities | 10/49 | €90,299 | €185,840 | +€95,541 | +106% |
| Equity | 10/15 | €62,957 | €137,221 | +€74,264 | +118% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €61,457 | €135,721 | +€74,264 | +121% |
| Distributable reserves | 133 | €61,457 | €135,721 | +€74,264 | +121% |
| Amounts payable | 17/49 | €27,341 | €48,619 | +€21,277 | +77.8% |
| Amounts payable within one year | 42/48 | €27,142 | €48,619 | +€21,476 | +79.1% |
| Trade debts | 44 | €1,124 | €2,602 | +€1,478 | +132% |
| Suppliers | 440/4 | €1,124 | €2,602 | +€1,478 | +132% |
| Taxes, remuneration and social security | 45 | €26,018 | €46,017 | +€19,998 | +76.9% |
| Taxes | 450/3 | €23,993 | €46,017 | +€22,023 | +91.8% |
| Remuneration and social security | 454/9 | €2,025 | - | -€2,025 | |
| Accrued charges and deferred income | 492/3 | €199 | - | -€199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,390 | - | -€2,390 | |
| Other operating charges | 640/8 | - | €116 | +€116 | |
| Gross operating margin | 9900 | €79,680 | €95,947 | +€16,267 | +20.4% |
| Operating profit (loss) | 9901 | €77,290 | €95,831 | +€18,541 | +24.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €35 | €42 | +€7 | +18.5% |
| Recurring financial charges | 65 | €35 | €42 | +€7 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €77,255 | €95,789 | +€18,534 | +24.0% |
| Income taxes | 67/77 | €15,797 | €21,525 | +€5,728 | +36.3% |
| Profit (loss) for the period | 9904 | €61,457 | €74,264 | +€12,806 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,457 | €74,264 | +€12,806 | +20.8% |
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 15 October 2026 via checked.be.