VOYAGES NEMO: 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.
VOYAGES NEMO
Largest movements
- Cash +€46,018
up €46,018 (+35.2%), from €130,746 to €176,764
mainly Deferred charges and accrued income (+€36,744) and Net result for the year (+€33,580)
- Deferred charges and accrued income -€36,744
down €36,744 (-16.1%), from €227,752 to €191,008
- Receivables within one year -€19,561
down €19,561 (-15.1%), from €129,170 to €109,610
of which Trade receivables: -€18,122
- Tangible fixed assets -€6,435
down €6,435 (-5.7%), from €113,384 to €106,949
of which Land and buildings: -€4,559
- Advances received -€34,786
down €34,786 (-13.1%), from €265,413 to €230,626
- Profit (loss) carried forward +€33,580
up €33,580 (+34.3%), from €97,860 to €131,440
- Trade debts -€11,667
down €11,667 (-10.6%), from €109,664 to €97,997
- Tax, wage and social debts +€9,920
up €9,920 (+27.0%), from €36,788 to €46,708
of which Taxes: +€11,822
- Other debts -€6,580
down €6,580 (-98.5%), from €6,680 to €100
- Staff costs +€11,039
up €11,039 (+9.4%), from €118,034 to €129,074
- Other operating charges -€9,415
down €9,415 (-65.9%), from €14,278 to €4,863
- Taxes +€4,694
up €4,694 (+65.9%), from €7,128 to €11,822
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 | €608,382 | €591,660 | -€16,722 | -2.7% |
| Fixed assets | 21/28 | €113,384 | €106,949 | -€6,435 | -5.7% |
| Tangible fixed assets | 22/27 | €113,384 | €106,949 | -€6,435 | -5.7% |
| Land and buildings | 22 | €109,770 | €105,211 | -€4,559 | -4.2% |
| Furniture and vehicles | 24 | €2,624 | €936 | -€1,688 | -64.3% |
| Other tangible fixed assets | 26 | €990 | €802 | -€189 | -19.1% |
| Current assets | 29/58 | €494,998 | €484,711 | -€10,286 | -2.1% |
| Amounts receivable within one year | 40/41 | €129,170 | €109,610 | -€19,561 | -15.1% |
| Trade receivables | 40 | €126,134 | €108,012 | -€18,122 | -14.4% |
| Other amounts receivable | 41 | €3,036 | €1,598 | -€1,438 | -47.4% |
| Current investments | 50/53 | €7,330 | €7,330 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €130,746 | €176,764 | +€46,018 | +35.2% |
| Deferred charges and accrued income | 490/1 | €227,752 | €191,008 | -€36,744 | -16.1% |
| Total equity and liabilities | 10/49 | €608,382 | €591,660 | -€16,722 | -2.7% |
| Equity | 10/15 | €134,672 | €168,252 | +€33,580 | +24.9% |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Reserves | 13 | €3,347 | €3,347 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,347 | €3,347 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,347 | €3,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,860 | €131,440 | +€33,580 | +34.3% |
| Amounts payable | 17/49 | €473,710 | €423,408 | -€50,302 | -10.6% |
| Amounts payable within one year | 42/48 | €419,589 | €375,432 | -€44,157 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €1,045 | - | -€1,045 | |
| Trade debts | 44 | €109,664 | €97,997 | -€11,667 | -10.6% |
| Suppliers | 440/4 | €109,664 | €97,997 | -€11,667 | -10.6% |
| Advances received on contracts in progress | 46 | €265,413 | €230,626 | -€34,786 | -13.1% |
| Taxes, remuneration and social security | 45 | €36,788 | €46,708 | +€9,920 | +27.0% |
| Taxes | 450/3 | €7,128 | €18,950 | +€11,822 | +166% |
| Remuneration and social security | 454/9 | €29,660 | €27,759 | -€1,901 | -6.4% |
| Other amounts payable | 47/48 | €6,680 | €100 | -€6,580 | -98.5% |
| Accrued charges and deferred income | 492/3 | €54,121 | €47,977 | -€6,144 | -11.4% |
| Non-recurring operating income | 76A | €8,405 | €7,448 | -€957 | -11.4% |
| Remuneration, social security and pensions | 62 | €118,034 | €129,074 | +€11,039 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,783 | €6,435 | -€348 | -5.1% |
| Other operating charges | 640/8 | €14,278 | €4,863 | -€9,415 | -65.9% |
| Non-recurring operating charges | 66A | €13,256 | €195 | -€13,062 | -98.5% |
| Gross operating margin | 9900 | €190,870 | €189,444 | -€1,426 | -0.7% |
| Operating profit (loss) | 9901 | €38,518 | €48,877 | +€10,359 | +26.9% |
| Financial income | 75/76B | €15 | €47 | +€31 | +204% |
| Recurring financial income | 75 | €15 | €47 | +€31 | +204% |
| Financial charges | 65/66B | €4,176 | €3,522 | -€654 | -15.7% |
| Recurring financial charges | 65 | €4,176 | €3,522 | -€654 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €34,357 | €45,402 | +€11,045 | +32.1% |
| Income taxes | 67/77 | €7,128 | €11,822 | +€4,694 | +65.9% |
| Profit (loss) for the period | 9904 | €27,229 | €33,580 | +€6,351 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,229 | €33,580 | +€6,351 | +23.3% |
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 24 October 2026 via checked.be.