NAM & LUX: 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.
NAM & LUX
Largest movements
- Tangible fixed assets -€19,191
down €19,191 (-3.1%), from €624,701 to €605,510
of which Land and buildings: -€18,900
- Debts after one year -€44,683
down €44,683 (-7.5%), from €593,523 to €548,839
of which Financial debts: -€44,683
- Profit (loss) carried forward +€8,697
up €8,697 (+108%), from €8,069 to €16,766
- Trade debts +€6,824
new in 2025: €6,824
- Financial charges -€1,247
down €1,247 (-6.0%), from €20,777 to €19,530
- Taxes +€1,149
up €1,149 (+56.9%), from €2,017 to €3,166
- Other operating charges +€595
up €595 (+7.5%), from €7,883 to €8,478
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 | €643,477 | €622,616 | -€20,860 | -3.2% |
| Fixed assets | 21/28 | €624,701 | €605,510 | -€19,191 | -3.1% |
| Tangible fixed assets | 22/27 | €624,701 | €605,510 | -€19,191 | -3.1% |
| Land and buildings | 22 | €624,410 | €605,510 | -€18,900 | -3.0% |
| Furniture and vehicles | 24 | €291 | - | -€291 | |
| Current assets | 29/58 | €18,776 | €17,107 | -€1,670 | -8.9% |
| Amounts receivable within one year | 40/41 | €16,238 | €14,150 | -€2,088 | -12.9% |
| Trade receivables | 40 | €16,238 | €14,150 | -€2,088 | -12.9% |
| Cash at bank and in hand | 54/58 | €30 | €611 | +€581 | +1,921% |
| Deferred charges and accrued income | 490/1 | €2,508 | €2,345 | -€163 | -6.5% |
| Total equity and liabilities | 10/49 | €643,477 | €622,616 | -€20,860 | -3.2% |
| Equity | 10/15 | €15,569 | €24,266 | +€8,697 | +55.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,069 | €16,766 | +€8,697 | +108% |
| Amounts payable | 17/49 | €627,908 | €598,350 | -€29,558 | -4.7% |
| Amounts payable after more than one year | 17 | €593,523 | €548,839 | -€44,683 | -7.5% |
| Financial debts | 170/4 | €592,123 | €547,439 | -€44,683 | -7.5% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,327 | €46,095 | +€16,767 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | €29,327 | €34,088 | +€4,761 | +16.2% |
| Trade debts | 44 | - | €6,824 | +€6,824 | |
| Suppliers | 440/4 | - | €6,824 | +€6,824 | |
| Taxes, remuneration and social security | 45 | - | €5,183 | +€5,183 | |
| Taxes | 450/3 | - | €5,183 | +€5,183 | |
| Accrued charges and deferred income | 492/3 | €5,058 | €3,416 | -€1,642 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,279 | €19,191 | -€88 | -0.5% |
| Other operating charges | 640/8 | €7,883 | €8,478 | +€595 | +7.5% |
| Gross operating margin | 9900 | €58,978 | €59,062 | +€84 | +0.1% |
| Operating profit (loss) | 9901 | €31,815 | €31,393 | -€422 | -1.3% |
| Financial charges | 65/66B | €20,777 | €19,530 | -€1,247 | -6.0% |
| Recurring financial charges | 65 | €20,777 | €19,530 | -€1,247 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €11,038 | €11,863 | +€825 | +7.5% |
| Income taxes | 67/77 | €2,017 | €3,166 | +€1,149 | +56.9% |
| Profit (loss) for the period | 9904 | €9,021 | €8,697 | -€324 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,021 | €8,697 | -€324 | -3.6% |
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 24 October 2026 via checked.be.