NYSMA: 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.
NYSMA
Largest movements
- Stocks and contracts +€31,820
up €31,820 (+289.0%), from €11,010 to €42,830
- Tangible fixed assets +€24,548
up €24,548 (+24.8%), from €98,856 to €123,404
of which Plant, machinery and equipment: +€29,432
- Cash -€10,962
down €10,962 (-60.7%), from €18,066 to €7,104
mainly Investment in fixed assets (net) (-€48,465) and Stocks and contracts (-€31,820)
- Receivables within one year +€1,834
up €1,834 (+136.5%), from €1,344 to €3,178
of which Other amounts receivable: +€2,093
- Profit (loss) carried forward +€39,640
up €39,640 (+470.2%), from €8,431 to €48,070
- Tax, wage and social debts +€17,672
up €17,672 (+103.2%), from €17,122 to €34,795
of which Taxes: +€10,114
- Other debts -€16,868
down €16,868 (-79.7%), from €21,177 to €4,309
- Current portion of long-term debt +€7,765
up €7,765 (+165.9%), from €4,681 to €12,446
- Trade debts +€5,373
up €5,373 (+15.7%), from €34,213 to €39,586
- Gross operating margin +€141,251
up €141,251 (+150.9%), from €93,588 to €234,839
- Staff costs +€83,233
up €83,233 (+133.7%), from €62,237 to €145,470
- Depreciation +€10,591
up €10,591 (+77.1%), from €13,734 to €24,325
- Taxes +€8,322
up €8,322 (+232.5%), from €3,579 to €11,901
- Other operating charges +€5,508
up €5,508 (+215.1%), from €2,561 to €8,069
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 | €136,841 | €181,946 | +€45,105 | +33.0% |
| Formation expenses | 20 | €1,620 | €1,212 | -€408 | -25.2% |
| Fixed assets | 21/28 | €98,856 | €123,404 | +€24,548 | +24.8% |
| Tangible fixed assets | 22/27 | €98,856 | €123,404 | +€24,548 | +24.8% |
| Plant, machinery and equipment | 23 | €55,970 | €85,402 | +€29,432 | +52.6% |
| Furniture and vehicles | 24 | €22,467 | €19,757 | -€2,710 | -12.1% |
| Other tangible fixed assets | 26 | €20,419 | €18,245 | -€2,174 | -10.6% |
| Current assets | 29/58 | €36,365 | €57,330 | +€20,965 | +57.7% |
| Stocks and contracts in progress | 3 | €11,010 | €42,830 | +€31,820 | +289.0% |
| Stocks | 30/36 | €11,010 | €42,830 | +€31,820 | +289.0% |
| Amounts receivable within one year | 40/41 | €1,344 | €3,178 | +€1,834 | +136.5% |
| Trade receivables | 40 | €258 | €0 | -€258 | -100.0% |
| Other amounts receivable | 41 | €1,085 | €3,178 | +€2,093 | +192.8% |
| Cash at bank and in hand | 54/58 | €18,066 | €7,104 | -€10,962 | -60.7% |
| Deferred charges and accrued income | 490/1 | €5,945 | €4,218 | -€1,727 | -29.1% |
| Total equity and liabilities | 10/49 | €136,841 | €181,946 | +€45,105 | +33.0% |
| Equity | 10/15 | €11,431 | €51,070 | +€39,640 | +346.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,431 | €48,070 | +€39,640 | +470.2% |
| Amounts payable | 17/49 | €125,411 | €130,876 | +€5,465 | +4.4% |
| Amounts payable after more than one year | 17 | €16,961 | €12,036 | -€4,924 | -29.0% |
| Financial debts | 170/4 | €16,961 | €12,036 | -€4,924 | -29.0% |
| Amounts payable within one year | 42/48 | €108,450 | €118,839 | +€10,389 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €4,681 | €12,446 | +€7,765 | +165.9% |
| Trade debts | 44 | €34,213 | €39,586 | +€5,373 | +15.7% |
| Suppliers | 440/4 | €34,213 | €39,586 | +€5,373 | +15.7% |
| Advances received on contracts in progress | 46 | €31,257 | €27,704 | -€3,553 | -11.4% |
| Taxes, remuneration and social security | 45 | €17,122 | €34,795 | +€17,672 | +103.2% |
| Taxes | 450/3 | €10,958 | €21,072 | +€10,114 | +92.3% |
| Remuneration and social security | 454/9 | €6,164 | €13,723 | +€7,559 | +122.6% |
| Other amounts payable | 47/48 | €21,177 | €4,309 | -€16,868 | -79.7% |
| Remuneration, social security and pensions | 62 | €62,237 | €145,470 | +€83,233 | +133.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,734 | €24,325 | +€10,591 | +77.1% |
| Other operating charges | 640/8 | €2,561 | €8,069 | +€5,508 | +215.1% |
| Gross operating margin | 9900 | €93,588 | €234,839 | +€141,251 | +150.9% |
| Operating profit (loss) | 9901 | €15,057 | €56,975 | +€41,918 | +278.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,047 | €5,434 | +€2,387 | +78.4% |
| Recurring financial charges | 65 | €3,047 | €5,434 | +€2,387 | +78.4% |
| Profit (loss) for the period before taxes | 9903 | €12,010 | €51,541 | +€39,531 | +329.2% |
| Income taxes | 67/77 | €3,579 | €11,901 | +€8,322 | +232.5% |
| Profit (loss) for the period | 9904 | €8,431 | €39,640 | +€31,209 | +370.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,431 | €39,640 | +€31,209 | +370.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.