NAM-TECH: 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-TECH
Largest movements
- Receivables within one year -€27,059
down €27,059 (-65.0%), from €41,614 to €14,555
of which Trade receivables: -€18,830
- Cash +€16,652
up €16,652 (+41.0%), from €40,625 to €57,277
mainly Receivables within one year (+€27,059) and Net result for the year (+€20,151)
- Stocks and contracts +€6,561
up €6,561 (+2.6%), from €254,775 to €261,336
- Deferred charges and accrued income -€5,304
down €5,304 (-78.4%), from €6,768 to €1,464
- Trade debts -€21,225
down €21,225 (-72.4%), from €29,333 to €8,108
- Reserves +€15,000
up €15,000 (+6.7%), from €225,000 to €240,000
- Other debts -€9,875
down €9,875 (-10.6%), from €92,783 to €82,908
- Profit (loss) carried forward +€5,151
up €5,151, from -€2,313 to €2,838
- Staff costs -€20,318
down €20,318 (-14.5%), from €140,523 to €120,205
- Gross operating margin +€12,601
up €12,601 (+9.5%), from €132,941 to €145,542
- Write-downs -€10,892
down €10,892 (-92.9%), from €11,727 to €835
- Taxes +€8,229
up €8,229 (+2,540%), from €324 to €8,553
- Financial income +€8,061
up €8,061 (+120%), from €6,706 to €14,767
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 | €390,174 | €379,432 | -€10,742 | -2.8% |
| Fixed assets | 21/28 | €46,392 | €44,800 | -€1,592 | -3.4% |
| Tangible fixed assets | 22/27 | €10,642 | €9,050 | -€1,592 | -15.0% |
| Plant, machinery and equipment | 23 | €2,667 | €2,067 | -€600 | -22.5% |
| Furniture and vehicles | 24 | €7,975 | €6,983 | -€992 | -12.4% |
| Financial fixed assets | 28 | €35,750 | €35,750 | = | 0.0% |
| Current assets | 29/58 | €343,782 | €334,632 | -€9,150 | -2.7% |
| Stocks and contracts in progress | 3 | €254,775 | €261,336 | +€6,561 | +2.6% |
| Stocks | 30/36 | €254,775 | €261,336 | +€6,561 | +2.6% |
| Amounts receivable within one year | 40/41 | €41,614 | €14,555 | -€27,059 | -65.0% |
| Trade receivables | 40 | €31,938 | €13,108 | -€18,830 | -59.0% |
| Other amounts receivable | 41 | €9,676 | €1,447 | -€8,229 | -85.0% |
| Cash at bank and in hand | 54/58 | €40,625 | €57,277 | +€16,652 | +41.0% |
| Deferred charges and accrued income | 490/1 | €6,768 | €1,464 | -€5,304 | -78.4% |
| Total equity and liabilities | 10/49 | €390,174 | €379,432 | -€10,742 | -2.8% |
| Equity | 10/15 | €222,687 | €242,838 | +€20,151 | +9.0% |
| Reserves | 13 | €225,000 | €240,000 | +€15,000 | +6.7% |
| Distributable reserves | 133 | €225,000 | €240,000 | +€15,000 | +6.7% |
| Profit (loss) carried forward | 14 | -€2,313 | €2,838 | +€5,151 | |
| Amounts payable | 17/49 | €167,487 | €136,594 | -€30,893 | -18.4% |
| Amounts payable within one year | 42/48 | €167,487 | €136,594 | -€30,893 | -18.4% |
| Trade debts | 44 | €29,333 | €8,108 | -€21,225 | -72.4% |
| Suppliers | 440/4 | €29,333 | €8,108 | -€21,225 | -72.4% |
| Taxes, remuneration and social security | 45 | €45,371 | €45,578 | +€207 | +0.5% |
| Taxes | 450/3 | €19,738 | €15,310 | -€4,428 | -22.4% |
| Remuneration and social security | 454/9 | €25,633 | €30,268 | +€4,635 | +18.1% |
| Other amounts payable | 47/48 | €92,783 | €82,908 | -€9,875 | -10.6% |
| Remuneration, social security and pensions | 62 | €140,523 | €120,205 | -€20,318 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,952 | €3,495 | +€543 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,727 | €835 | -€10,892 | -92.9% |
| Other operating charges | 640/8 | €1,374 | €3,560 | +€2,186 | +159% |
| Gross operating margin | 9900 | €132,941 | €145,542 | +€12,601 | +9.5% |
| Operating profit (loss) | 9901 | -€23,635 | €17,447 | +€41,082 | |
| Financial income | 75/76B | €6,706 | €14,767 | +€8,061 | +120% |
| Recurring financial income | 75 | €6,706 | €14,767 | +€8,061 | +120% |
| Financial charges | 65/66B | €3,535 | €3,510 | -€25 | -0.7% |
| Recurring financial charges | 65 | €3,535 | €3,510 | -€25 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,464 | €28,704 | +€49,168 | |
| Income taxes | 67/77 | €324 | €8,553 | +€8,229 | +2,540% |
| Profit (loss) for the period | 9904 | -€20,788 | €20,151 | +€40,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,788 | €20,151 | +€40,939 |
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 16 October 2026 via checked.be.