NAHIMANA: 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.
NAHIMANA
Largest movements
- Cash -€12,907
down €12,907 (-11.8%), from €109,351 to €96,444
mainly Contributions, distributions and other (-€51,561) and Other debts (-€17,308)
- Receivables within one year -€3,233
down €3,233 (-27.1%), from €11,945 to €8,712
of which Other amounts receivable: -€3,443
- Other debts -€17,308
down €17,308 (-28.3%), from €61,234 to €43,926
- Gross operating margin +€3,809
up €3,809 (+5.8%), from €65,570 to €69,380
- Taxes +€1,058
up €1,058 (+6.4%), from €16,564 to €17,622
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 | €121,296 | €105,156 | -€16,140 | -13.3% |
| Current assets | 29/58 | €121,296 | €105,156 | -€16,140 | -13.3% |
| Amounts receivable within one year | 40/41 | €11,945 | €8,712 | -€3,233 | -27.1% |
| Trade receivables | 40 | €8,175 | €8,385 | +€210 | +2.6% |
| Other amounts receivable | 41 | €3,770 | €327 | -€3,443 | -91.3% |
| Cash at bank and in hand | 54/58 | €109,351 | €96,444 | -€12,907 | -11.8% |
| Total equity and liabilities | 10/49 | €121,296 | €105,156 | -€16,140 | -13.3% |
| Equity | 10/15 | €49,546 | €49,546 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,546 | €46,546 | = | 0.0% |
| Distributable reserves | 133 | €46,546 | €46,546 | = | 0.0% |
| Amounts payable | 17/49 | €71,751 | €55,611 | -€16,140 | -22.5% |
| Amounts payable within one year | 42/48 | €71,751 | €55,611 | -€16,140 | -22.5% |
| Trade debts | 44 | €504 | €492 | -€13 | -2.6% |
| Suppliers | 440/4 | €504 | €492 | -€13 | -2.6% |
| Taxes, remuneration and social security | 45 | €10,012 | €11,193 | +€1,181 | +11.8% |
| Taxes | 450/3 | €7,190 | €8,346 | +€1,155 | +16.1% |
| Remuneration and social security | 454/9 | €2,821 | €2,847 | +€26 | +0.9% |
| Other amounts payable | 47/48 | €61,234 | €43,926 | -€17,308 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503 | - | -€503 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €65,570 | €69,380 | +€3,809 | +5.8% |
| Operating profit (loss) | 9901 | €64,680 | €69,380 | +€4,700 | +7.3% |
| Financial charges | 65/66B | €179 | €197 | +€18 | +10.0% |
| Recurring financial charges | 65 | €179 | €197 | +€18 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €64,500 | €69,182 | +€4,682 | +7.3% |
| Income taxes | 67/77 | €16,564 | €17,622 | +€1,058 | +6.4% |
| Profit (loss) for the period | 9904 | €47,936 | €51,561 | +€3,624 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,936 | €51,561 | +€3,624 | +7.6% |
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 7 October 2026 via checked.be.