NESMA: what changed
NESMA
Largest movements
- Cash +€5,246
up €5,246 (+55.2%), from €9,502 to €14,748
mainly Depreciation (+€4,954) and Receivables within one year (+€3,718)
- Tangible fixed assets -€4,954
down €4,954 (-95.3%), from €5,200 to €246
of which Leasing and similar rights: -€4,603
- Receivables within one year -€3,718
down €3,718 (-7.1%), from €52,563 to €48,845
of which Other amounts receivable: -€2,065
- Stocks and contracts +€2,623
up €2,623 (+134%), from €1,962 to €4,585
- Current portion of long-term debt -€8,815
down €8,815 (-100%), from €8,815 to €0
- Other debts +€3,065
up €3,065 (+25.8%), from €11,864 to €14,929
- Trade debts +€2,588
up €2,588 (+26.3%), from €9,848 to €12,436
- Tax, wage and social debts +€1,355
up €1,355 (+59.4%), from €2,281 to €3,636
of which Taxes: +€1,355
- Profit (loss) carried forward +€925
up €925 (+3.5%), from €26,440 to €27,365
- Depreciation -€3,253
down €3,253 (-39.6%), from €8,207 to €4,954
- Gross operating margin -€1,868
down €1,868 (-19.6%), from €9,520 to €7,652
- Other operating charges -€396
down €396 (-21.5%), from €1,843 to €1,446
- Financial charges -€260
down €260 (-48.0%), from €542 to €282
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,374 | €72,492 | -€882 | -1.2% |
| Fixed assets | 21/28 | €8,900 | €3,946 | -€4,954 | -55.7% |
| Tangible fixed assets | 22/27 | €5,200 | €246 | -€4,954 | -95.3% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €111 | €0 | -€111 | -100% |
| Furniture and vehicles | 24 | €486 | €246 | -€240 | -49.3% |
| Leasing and similar rights | 25 | €4,603 | €0 | -€4,603 | -100% |
| Financial fixed assets | 28 | €3,700 | €3,700 | = | 0.0% |
| Current assets | 29/58 | €64,474 | €68,546 | +€4,072 | +6.3% |
| Stocks and contracts in progress | 3 | €1,962 | €4,585 | +€2,623 | +134% |
| Stocks | 30/36 | €1,962 | €4,585 | +€2,623 | +134% |
| Amounts receivable within one year | 40/41 | €52,563 | €48,845 | -€3,718 | -7.1% |
| Trade receivables | 40 | €46,348 | €44,695 | -€1,653 | -3.6% |
| Other amounts receivable | 41 | €6,215 | €4,151 | -€2,065 | -33.2% |
| Cash at bank and in hand | 54/58 | €9,502 | €14,748 | +€5,246 | +55.2% |
| Deferred charges and accrued income | 490/1 | €446 | €367 | -€79 | -17.8% |
| Total equity and liabilities | 10/49 | €73,374 | €72,492 | -€882 | -1.2% |
| Equity | 10/15 | €40,566 | €41,491 | +€925 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,926 | €7,926 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,066 | €6,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,440 | €27,365 | +€925 | +3.5% |
| Amounts payable | 17/49 | €32,808 | €31,001 | -€1,807 | -5.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €32,808 | €31,001 | -€1,807 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €8,815 | €0 | -€8,815 | -100% |
| Trade debts | 44 | €9,848 | €12,436 | +€2,588 | +26.3% |
| Suppliers | 440/4 | €9,848 | €12,436 | +€2,588 | +26.3% |
| Taxes, remuneration and social security | 45 | €2,281 | €3,636 | +€1,355 | +59.4% |
| Taxes | 450/3 | €2,281 | €3,636 | +€1,355 | +59.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €11,864 | €14,929 | +€3,065 | +25.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,207 | €4,954 | -€3,253 | -39.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11 | - | -€11 | |
| Other operating charges | 640/8 | €1,843 | €1,446 | -€396 | -21.5% |
| Gross operating margin | 9900 | €9,520 | €7,652 | -€1,868 | -19.6% |
| Operating profit (loss) | 9901 | -€541 | €1,252 | +€1,793 | |
| Financial income | 75/76B | €16 | €96 | +€80 | +503% |
| Recurring financial income | 75 | €16 | €96 | +€80 | +503% |
| Financial charges | 65/66B | €542 | €282 | -€260 | -48.0% |
| Recurring financial charges | 65 | €542 | €282 | -€260 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,067 | €1,066 | +€2,133 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€1,206 | €925 | +€2,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,206 | €925 | +€2,132 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.