NAKOMAR: 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.
NAKOMAR
Largest movements
- Receivables within one year +€110,162
up €110,162 (+77.0%), from €142,985 to €253,147
of which Trade receivables: +€110,077
- Tangible fixed assets -€14,620
down €14,620 (-25.4%), from €57,665 to €43,045
of which Plant, machinery and equipment: -€10,893
- Other debts +€143,584
up €143,584 (+447%), from €32,099 to €175,682
- Trade debts -€30,633
down €30,633 (-14.3%), from €214,622 to €183,989
- Profit (loss) carried forward -€19,354
down €19,354 (-14.8%), from -€131,049 to -€150,403
- Gross operating margin +€82,806
up €82,806 (+22.8%), from €362,716 to €445,523
- Staff costs -€9,186
down €9,186 (-2.0%), from €455,456 to €446,270
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,150 | €331,170 | +€94,020 | +39.6% |
| Fixed assets | 21/28 | €64,425 | €48,662 | -€15,763 | -24.5% |
| Intangible fixed assets | 21 | €6,760 | €5,617 | -€1,143 | -16.9% |
| Tangible fixed assets | 22/27 | €57,665 | €43,045 | -€14,620 | -25.4% |
| Plant, machinery and equipment | 23 | €36,232 | €25,339 | -€10,893 | -30.1% |
| Other tangible fixed assets | 26 | €21,432 | €17,706 | -€3,727 | -17.4% |
| Current assets | 29/58 | €172,726 | €282,509 | +€109,783 | +63.6% |
| Stocks and contracts in progress | 3 | €29,740 | €29,362 | -€379 | -1.3% |
| Stocks | 30/36 | €29,740 | €29,362 | -€379 | -1.3% |
| Amounts receivable within one year | 40/41 | €142,985 | €253,147 | +€110,162 | +77.0% |
| Trade receivables | 40 | €142,985 | €253,062 | +€110,077 | +77.0% |
| Other amounts receivable | 41 | - | €85 | +€85 | |
| Total equity and liabilities | 10/49 | €237,150 | €331,170 | +€94,020 | +39.6% |
| Equity | 10/15 | -€116,049 | -€135,403 | -€19,354 | -16.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,049 | -€150,403 | -€19,354 | -14.8% |
| Amounts payable | 17/49 | €353,199 | €466,573 | +€113,374 | +32.1% |
| Amounts payable within one year | 42/48 | €353,199 | €466,573 | +€113,374 | +32.1% |
| Trade debts | 44 | €214,622 | €183,989 | -€30,633 | -14.3% |
| Suppliers | 440/4 | €214,622 | €183,989 | -€30,633 | -14.3% |
| Taxes, remuneration and social security | 45 | €106,478 | €106,902 | +€424 | +0.4% |
| Taxes | 450/3 | €27,374 | €26,668 | -€706 | -2.6% |
| Remuneration and social security | 454/9 | €79,105 | €80,234 | +€1,130 | +1.4% |
| Other amounts payable | 47/48 | €32,099 | €175,682 | +€143,584 | +447% |
| Remuneration, social security and pensions | 62 | €455,456 | €446,270 | -€9,186 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,810 | €15,763 | +€1,953 | +14.1% |
| Other operating charges | 640/8 | €267 | €144 | -€122 | -45.9% |
| Gross operating margin | 9900 | €362,716 | €445,523 | +€82,806 | +22.8% |
| Operating profit (loss) | 9901 | -€106,816 | -€16,654 | +€90,162 | +84.4% |
| Financial income | 75/76B | €2,768 | €0 | -€2,768 | -100.0% |
| Recurring financial income | 75 | €2,768 | €0 | -€2,768 | -100.0% |
| Financial charges | 65/66B | €274 | €2,535 | +€2,261 | +826% |
| Recurring financial charges | 65 | €274 | €2,535 | +€2,261 | +826% |
| Profit (loss) for the period before taxes | 9903 | -€104,322 | -€19,189 | +€85,133 | +81.6% |
| Income taxes | 67/77 | €29 | €165 | +€136 | +468% |
| Profit (loss) for the period | 9904 | -€104,351 | -€19,354 | +€84,997 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,351 | -€19,354 | +€84,997 | +81.5% |
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 22 October 2026 via checked.be.