Think NM: 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.
Think NM
Largest movements
- Cash +€35,047
up €35,047 (+83.7%), from €41,868 to €76,914
mainly Net result for the year (+€74,835) and Tax, wage and social debts (+€9,119)
- Receivables within one year +€11,795
up €11,795 (+38.4%), from €30,686 to €42,481
of which Trade receivables: +€5,969
- Tangible fixed assets -€2,000
down €2,000 (-38.5%), from €5,191 to €3,191
- Profit (loss) carried forward +€41,241
up €41,241 (+123%), from €33,594 to €74,835
- Tax, wage and social debts +€9,119
up €9,119 (+120%), from €7,600 to €16,719
- Other debts -€4,803
down €4,803 (-14.4%), from €33,438 to €28,635
- Taxes -€6,400
down €6,400 (-36.0%), from €17,773 to €11,372
- Gross operating margin +€3,204
up €3,204 (+3.7%), from €86,222 to €89,425
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 | €78,702 | €123,378 | +€44,676 | +56.8% |
| Fixed assets | 21/28 | €5,191 | €3,191 | -€2,000 | -38.5% |
| Tangible fixed assets | 22/27 | €5,191 | €3,191 | -€2,000 | -38.5% |
| Furniture and vehicles | 24 | €5,191 | €3,191 | -€2,000 | -38.5% |
| Current assets | 29/58 | €73,511 | €120,187 | +€46,675 | +63.5% |
| Amounts receivable within one year | 40/41 | €30,686 | €42,481 | +€11,795 | +38.4% |
| Trade receivables | 40 | €24,657 | €30,626 | +€5,969 | +24.2% |
| Other amounts receivable | 41 | €6,029 | €11,855 | +€5,826 | +96.6% |
| Cash at bank and in hand | 54/58 | €41,868 | €76,914 | +€35,047 | +83.7% |
| Deferred charges and accrued income | 490/1 | €958 | €791 | -€167 | -17.4% |
| Total equity and liabilities | 10/49 | €78,702 | €123,378 | +€44,676 | +56.8% |
| Equity | 10/15 | €36,094 | €77,335 | +€41,241 | +114% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,594 | €74,835 | +€41,241 | +123% |
| Amounts payable | 17/49 | €42,608 | €46,043 | +€3,435 | +8.1% |
| Amounts payable within one year | 42/48 | €42,608 | €46,043 | +€3,435 | +8.1% |
| Trade debts | 44 | €1,570 | €689 | -€881 | -56.1% |
| Suppliers | 440/4 | €1,570 | €689 | -€881 | -56.1% |
| Taxes, remuneration and social security | 45 | €7,600 | €16,719 | +€9,119 | +120% |
| Taxes | 450/3 | €7,600 | €16,719 | +€9,119 | +120% |
| Other amounts payable | 47/48 | €33,438 | €28,635 | -€4,803 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,261 | €2,000 | +€739 | +58.6% |
| Other operating charges | 640/8 | €962 | €986 | +€24 | +2.5% |
| Gross operating margin | 9900 | €86,222 | €89,425 | +€3,204 | +3.7% |
| Operating profit (loss) | 9901 | €83,999 | €86,440 | +€2,441 | +2.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €132 | €233 | +€100 | +75.8% |
| Recurring financial charges | 65 | €132 | €233 | +€100 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €83,866 | €86,207 | +€2,341 | +2.8% |
| Income taxes | 67/77 | €17,773 | €11,372 | -€6,400 | -36.0% |
| Profit (loss) for the period | 9904 | €66,094 | €74,835 | +€8,741 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,094 | €74,835 | +€8,741 | +13.2% |
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 28 October 2026 via checked.be.