NAIMA: 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.
NAIMA
Largest movements
- Receivables within one year +€5,414
up €5,414 (+22.0%), from €24,568 to €29,982
- Tangible fixed assets -€3,746
down €3,746 (-4.8%), from €78,249 to €74,503
- Profit (loss) carried forward +€2,235
up €2,235 (+11.1%), from €20,078 to €22,314
- Gross operating margin +€4,465
up €4,465 (+226.1%), from €1,974 to €6,440
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 | €102,817 | €104,484 | +€1,668 | +1.6% |
| Fixed assets | 21/28 | €78,249 | €74,503 | -€3,746 | -4.8% |
| Tangible fixed assets | 22/27 | €78,249 | €74,503 | -€3,746 | -4.8% |
| Land and buildings | 22 | €78,249 | €74,503 | -€3,746 | -4.8% |
| Current assets | 29/58 | €24,568 | €29,982 | +€5,414 | +22.0% |
| Amounts receivable within one year | 40/41 | €24,568 | €29,982 | +€5,414 | +22.0% |
| Other amounts receivable | 41 | €24,568 | €29,982 | +€5,414 | +22.0% |
| Cash at bank and in hand | 54/58 | - | €0 | +€0 | |
| Total equity and liabilities | 10/49 | €102,817 | €104,484 | +€1,668 | +1.6% |
| Equity | 10/15 | €102,238 | €104,474 | +€2,235 | +2.2% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,792 | €7,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,792 | €7,792 | = | 0.0% |
| Legal reserve | 130 | €7,792 | €7,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,078 | €22,314 | +€2,235 | +11.1% |
| Amounts payable | 17/49 | €578 | €11 | -€568 | -98.2% |
| Amounts payable within one year | 42/48 | €578 | €11 | -€568 | -98.2% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €575 | - | -€575 | |
| Suppliers | 440/4 | €575 | - | -€575 | |
| Taxes, remuneration and social security | 45 | - | €11 | +€11 | |
| Taxes | 450/3 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,746 | €3,746 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,974 | €6,440 | +€4,465 | +226.1% |
| Operating profit (loss) | 9901 | -€2,159 | €2,293 | +€4,453 | |
| Financial charges | 65/66B | €47 | €48 | +€0 | +0.4% |
| Recurring financial charges | 65 | €47 | €48 | +€0 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,207 | €2,246 | +€4,453 | |
| Income taxes | 67/77 | - | €11 | +€11 | |
| Profit (loss) for the period | 9904 | -€2,207 | €2,235 | +€4,442 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,207 | €2,235 | +€4,442 |
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 29 September 2026 via checked.be.