Na-im: 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.
Na-im
Largest movements
- Financial fixed assets -€44,625
down €44,625 (-100%), from €44,625 to €0
- Receivables within one year +€34,983
up €34,983 (+21.7%), from €161,372 to €196,355
of which Trade receivables: +€53,661
- Intangible fixed assets -€30,937
down €30,937 (-100%), from €30,937 to €0
- Tangible fixed assets -€16,806
down €16,806 (-24.7%), from €68,135 to €51,329
of which Other tangible fixed assets: -€40,697
- Cash -€5,126
down €5,126 (-98.7%), from €5,192 to €66
mainly Debts after one year (-€97,746) and Net result for the year (-€67,428)
- Debts after one year -€97,746
down €97,746 (-29.1%), from €335,346 to €237,600
of which Other amounts payable: -€75,400
- Profit (loss) carried forward -€67,428
down €67,428 (-17.7%), from -€381,112 to -€448,540
- Advances received +€56,000
new in 2025: €56,000
- Other debts +€42,237
up €42,237 (+12.9%), from €327,712 to €369,949
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Gross operating margin -€83,017
down €83,017 (-86.0%), from €96,482 to €13,465
- Depreciation -€8,568
down €8,568 (-33.9%), from €25,276 to €16,708
- Other operating charges +€3,155
up €3,155 (+324%), from €974 to €4,130
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 | €310,324 | €248,374 | -€61,951 | -20.0% |
| Fixed assets | 21/28 | €143,697 | €51,329 | -€92,368 | -64.3% |
| Intangible fixed assets | 21 | €30,937 | €0 | -€30,937 | -100% |
| Tangible fixed assets | 22/27 | €68,135 | €51,329 | -€16,806 | -24.7% |
| Plant, machinery and equipment | 23 | €27,438 | €0 | -€27,438 | -100% |
| Furniture and vehicles | 24 | €0 | €51,329 | +€51,329 | |
| Other tangible fixed assets | 26 | €40,697 | €0 | -€40,697 | -100% |
| Financial fixed assets | 28 | €44,625 | €0 | -€44,625 | -100% |
| Current assets | 29/58 | €166,627 | €197,045 | +€30,418 | +18.3% |
| Amounts receivable within one year | 40/41 | €161,372 | €196,355 | +€34,983 | +21.7% |
| Trade receivables | 40 | €43,436 | €97,097 | +€53,661 | +124% |
| Other amounts receivable | 41 | €117,936 | €99,258 | -€18,679 | -15.8% |
| Cash at bank and in hand | 54/58 | €5,192 | €66 | -€5,126 | -98.7% |
| Deferred charges and accrued income | 490/1 | €63 | €623 | +€561 | +895% |
| Total equity and liabilities | 10/49 | €310,324 | €248,374 | -€61,951 | -20.0% |
| Equity | 10/15 | -€374,912 | -€429,940 | -€55,028 | -14.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Profit (loss) carried forward | 14 | -€381,112 | -€448,540 | -€67,428 | -17.7% |
| Amounts payable | 17/49 | €685,236 | €678,313 | -€6,923 | -1.0% |
| Amounts payable after more than one year | 17 | €335,346 | €237,600 | -€97,746 | -29.1% |
| Financial debts | 170/4 | €216,346 | €194,000 | -€22,346 | -10.3% |
| Other amounts payable | 178/9 | €119,000 | €43,600 | -€75,400 | -63.4% |
| Amounts payable within one year | 42/48 | €349,890 | €440,713 | +€90,823 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €14,791 | €11,246 | -€3,545 | -24.0% |
| Trade debts | 44 | €4,505 | €620 | -€3,885 | -86.2% |
| Suppliers | 440/4 | €4,505 | €620 | -€3,885 | -86.2% |
| Advances received on contracts in progress | 46 | - | €56,000 | +€56,000 | |
| Taxes, remuneration and social security | 45 | €2,883 | €2,899 | +€16 | +0.5% |
| Taxes | 450/3 | €2,883 | €2,899 | +€16 | +0.5% |
| Other amounts payable | 47/48 | €327,712 | €369,949 | +€42,237 | +12.9% |
| Non-recurring operating income | 76A | - | €23,740 | +€23,740 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,276 | €16,708 | -€8,568 | -33.9% |
| Other operating charges | 640/8 | €974 | €4,130 | +€3,155 | +324% |
| Non-recurring operating charges | 66A | - | €59,449 | +€59,449 | |
| Gross operating margin | 9900 | €96,482 | €13,465 | -€83,017 | -86.0% |
| Operating profit (loss) | 9901 | €70,232 | -€66,821 | -€137,053 | |
| Financial income | 75/76B | €17 | €0 | -€17 | -100% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -100% |
| Financial charges | 65/66B | €669 | €599 | -€70 | -10.4% |
| Recurring financial charges | 65 | €669 | €599 | -€70 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €69,580 | -€67,420 | -€137,000 | |
| Income taxes | 67/77 | - | €8 | +€8 | |
| Profit (loss) for the period | 9904 | €69,580 | -€67,428 | -€137,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,580 | -€67,428 | -€137,008 |
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 17 October 2026 via checked.be.