NAMA.CO: 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.
NAMA.CO
Largest movements
- Receivables within one year -€197,548
down €197,548 (-94.0%), from €210,242 to €12,694
of which Trade receivables: -€197,636
- Tangible fixed assets +€144,594
up €144,594 (+8.0%), from €1.8m to €2.0m
of which Land and buildings: +€125,175
- Financial fixed assets -€50,000
down €50,000 (-100%), from €50,000 to €0
- Reserves +€232,478
up €232,478 (+104%), from €224,568 to €457,045
of which Distributable reserves: +€232,478
- Debts after one year -€206,365
down €206,365 (-18.2%), from €1.1m to €924,427
- Tax, wage and social debts -€104,391
down €104,391 (-80.3%), from €130,076 to €25,685
of which Taxes: -€82,464
- Gross operating margin +€187,394
up €187,394 (+50.6%), from €370,536 to €557,930
- Taxes +€47,599
up €47,599 (+110%), from €43,325 to €90,924
- Depreciation -€24,521
down €24,521 (-12.3%), from €199,538 to €175,017
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 | €2,091,174 | €1,987,012 | -€104,162 | -5.0% |
| Fixed assets | 21/28 | €1,857,306 | €1,951,900 | +€94,594 | +5.1% |
| Tangible fixed assets | 22/27 | €1,807,306 | €1,951,900 | +€144,594 | +8.0% |
| Land and buildings | 22 | €1,807,306 | €1,932,480 | +€125,175 | +6.9% |
| Plant, machinery and equipment | 23 | - | €19,419 | +€19,419 | |
| Financial fixed assets | 28 | €50,000 | €0 | -€50,000 | -100% |
| Current assets | 29/58 | €233,868 | €35,113 | -€198,756 | -85.0% |
| Amounts receivable within one year | 40/41 | €210,242 | €12,694 | -€197,548 | -94.0% |
| Trade receivables | 40 | €210,242 | €12,607 | -€197,636 | -94.0% |
| Other amounts receivable | 41 | - | €87 | +€87 | |
| Cash at bank and in hand | 54/58 | €20,047 | €21,339 | +€1,292 | +6.4% |
| Deferred charges and accrued income | 490/1 | €3,580 | €1,080 | -€2,500 | -69.8% |
| Total equity and liabilities | 10/49 | €2,091,174 | €1,987,012 | -€104,162 | -5.0% |
| Equity | 10/15 | €230,768 | €463,245 | +€232,478 | +101% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €224,568 | €457,045 | +€232,478 | +104% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €222,708 | €455,185 | +€232,478 | +104% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,860,406 | €1,523,767 | -€336,640 | -18.1% |
| Amounts payable after more than one year | 17 | €1,130,792 | €924,427 | -€206,365 | -18.2% |
| Financial debts | 170/4 | €1,130,792 | €924,427 | -€206,365 | -18.2% |
| Amounts payable within one year | 42/48 | €677,489 | €565,776 | -€111,713 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €205,431 | €206,365 | +€934 | +0.5% |
| Trade debts | 44 | €114,608 | €107,108 | -€7,499 | -6.5% |
| Suppliers | 440/4 | €114,608 | €107,108 | -€7,499 | -6.5% |
| Taxes, remuneration and social security | 45 | €130,076 | €25,685 | -€104,391 | -80.3% |
| Taxes | 450/3 | €108,149 | €25,685 | -€82,464 | -76.3% |
| Remuneration and social security | 454/9 | €21,927 | €0 | -€21,927 | -100% |
| Other amounts payable | 47/48 | €227,374 | €226,618 | -€755 | -0.3% |
| Accrued charges and deferred income | 492/3 | €52,125 | €33,563 | -€18,562 | -35.6% |
| Non-recurring operating income | 76A | €50,033 | €0 | -€50,033 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,538 | €175,017 | -€24,521 | -12.3% |
| Other operating charges | 640/8 | €10,158 | €12,356 | +€2,199 | +21.6% |
| Gross operating margin | 9900 | €370,536 | €557,930 | +€187,394 | +50.6% |
| Operating profit (loss) | 9901 | €160,840 | €370,557 | +€209,717 | +130% |
| Financial income | 75/76B | €1,490 | €212 | -€1,278 | -85.8% |
| Recurring financial income | 75 | €1,490 | €212 | -€1,278 | -85.8% |
| Financial charges | 65/66B | €48,421 | €47,367 | -€1,055 | -2.2% |
| Recurring financial charges | 65 | €48,421 | €47,367 | -€1,055 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €113,909 | €323,402 | +€209,493 | +184% |
| Income taxes | 67/77 | €43,325 | €90,924 | +€47,599 | +110% |
| Profit (loss) for the period | 9904 | €70,583 | €232,478 | +€161,895 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €70,583 | €232,478 | +€161,895 | +229% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.