N.A.M.: 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.
N.A.M.
Largest movements
- Tangible fixed assets -€13,640
down €13,640 (-83.5%), from €16,336 to €2,696
- Cash -€2,208
down €2,208 (-30.3%), from €7,296 to €5,088
mainly Other debts (-€22,594)
- Other debts -€22,594
down €22,594 (-68.4%), from €33,023 to €10,429
- Tax, wage and social debts +€4,565
up €4,565 (+608.6%), from €750 to €5,315
- Profit (loss) carried forward +€1,791
up €1,791, from -€720 to €1,072
- Gross operating margin -€8,576
down €8,576 (-68.4%), from €12,530 to €3,954
- Depreciation -€4,420
down €4,420 (-67.1%), from €6,582 to €2,163
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €45,194 | €28,956 | -€16,238 | -35.9% |
| Fixed assets | 21/28 | €31,580 | €17,940 | -€13,640 | -43.2% |
| Intangible fixed assets | 21 | €15,000 | €15,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €16,336 | €2,696 | -€13,640 | -83.5% |
| Furniture and vehicles | 24 | €16,336 | €2,696 | -€13,640 | -83.5% |
| Financial fixed assets | 28 | €244 | €244 | = | 0.0% |
| Current assets | 29/58 | €13,614 | €11,016 | -€2,598 | -19.1% |
| Amounts receivable within one year | 40/41 | €6,317 | €5,928 | -€390 | -6.2% |
| Trade receivables | 40 | €6,317 | €5,928 | -€390 | -6.2% |
| Cash at bank and in hand | 54/58 | €7,296 | €5,088 | -€2,208 | -30.3% |
| Total equity and liabilities | 10/49 | €45,194 | €28,956 | -€16,238 | -35.9% |
| Equity | 10/15 | €11,421 | €13,212 | +€1,791 | +15.7% |
| Contributions | 10/11 | €11,697 | €11,697 | = | 0.0% |
| Reserves | 13 | €443 | €443 | = | 0.0% |
| Distributable reserves | 133 | €443 | €443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€720 | €1,072 | +€1,791 | |
| Amounts payable | 17/49 | €33,773 | €15,744 | -€18,029 | -53.4% |
| Amounts payable within one year | 42/48 | €33,773 | €15,744 | -€18,029 | -53.4% |
| Taxes, remuneration and social security | 45 | €750 | €5,315 | +€4,565 | +608.6% |
| Taxes | 450/3 | €750 | €5,315 | +€4,565 | +608.6% |
| Other amounts payable | 47/48 | €33,023 | €10,429 | -€22,594 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,582 | €2,163 | -€4,420 | -67.1% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €12,530 | €3,954 | -€8,576 | -68.4% |
| Operating profit (loss) | 9901 | €5,560 | €1,791 | -€3,769 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €5,560 | €1,791 | -€3,769 | -67.8% |
| Profit (loss) for the period | 9904 | €5,560 | €1,791 | -€3,769 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,560 | €1,791 | -€3,769 | -67.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.