NAMA: 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.
NAMA
Largest movements
- Financial fixed assets -€486,290
down €486,290 (-56.9%), from €855,000 to €368,710
- Other debts -€485,290
down €485,290 (-56.8%), from €855,000 to €369,710
- Gross operating margin +€8,443
up €8,443 (+89.0%), from -€9,485 to -€1,043
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 | €855,674 | €369,092 | -€486,581 | -56.9% |
| Fixed assets | 21/28 | €855,000 | €368,710 | -€486,290 | -56.9% |
| Financial fixed assets | 28 | €855,000 | €368,710 | -€486,290 | -56.9% |
| Current assets | 29/58 | €674 | €382 | -€291 | -43.2% |
| Cash at bank and in hand | 54/58 | €674 | €382 | -€291 | -43.2% |
| Total equity and liabilities | 10/49 | €855,674 | €369,092 | -€486,581 | -56.9% |
| Equity | 10/15 | €456 | -€618 | -€1,074 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,544 | -€10,618 | -€1,074 | -11.3% |
| Amounts payable | 17/49 | €855,218 | €369,710 | -€485,508 | -56.8% |
| Amounts payable within one year | 42/48 | €855,218 | €369,710 | -€485,508 | -56.8% |
| Trade debts | 44 | €218 | - | -€218 | |
| Suppliers | 440/4 | €218 | - | -€218 | |
| Other amounts payable | 47/48 | €855,000 | €369,710 | -€485,290 | -56.8% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | -€9,485 | -€1,043 | +€8,443 | +89.0% |
| Operating profit (loss) | 9901 | -€9,535 | -€1,043 | +€8,493 | +89.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9 | €31 | +€22 | +261.2% |
| Recurring financial charges | 65 | €9 | €31 | +€22 | +261.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,544 | -€1,074 | +€8,470 | +88.7% |
| Profit (loss) for the period | 9904 | -€9,544 | -€1,074 | +€8,470 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,544 | -€1,074 | +€8,470 | +88.7% |
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.