NAMABA: 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.
NAMABA
Largest movements
- Tangible fixed assets -€30,919
down €30,919 (-22.4%), from €137,907 to €106,987
of which Land and buildings: -€15,600
- Cash +€6,547
up €6,547 (+27.5%), from €23,800 to €30,348
mainly Depreciation (+€30,919) and Net result for the year (+€5,981)
- Receivables within one year +€5,980
up €5,980 (+30.2%), from €19,772 to €25,753
- Debts after one year -€25,085
down €25,085 (-53.9%), from €46,575 to €21,490
- Current portion of long-term debt -€9,182
down €9,182 (-26.8%), from €34,267 to €25,085
- Profit (loss) carried forward +€5,981
up €5,981 (+29.1%), from -€20,555 to -€14,574
- Trade debts +€3,250
up €3,250 (+734.7%), from €442 to €3,692
- Other debts +€2,837
up €2,837 (+11.9%), from €23,930 to €26,767
- Depreciation -€852
down €852 (-2.7%), from €31,771 to €30,919
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 | €183,992 | €163,817 | -€20,176 | -11.0% |
| Fixed assets | 21/28 | €137,907 | €106,987 | -€30,919 | -22.4% |
| Tangible fixed assets | 22/27 | €137,907 | €106,987 | -€30,919 | -22.4% |
| Land and buildings | 22 | €109,200 | €93,600 | -€15,600 | -14.3% |
| Plant, machinery and equipment | 23 | €4,971 | €2,659 | -€2,313 | -46.5% |
| Furniture and vehicles | 24 | €23,735 | €10,729 | -€13,007 | -54.8% |
| Current assets | 29/58 | €46,085 | €56,829 | +€10,744 | +23.3% |
| Amounts receivable within one year | 40/41 | €19,772 | €25,753 | +€5,980 | +30.2% |
| Trade receivables | 40 | €19,772 | €25,753 | +€5,980 | +30.2% |
| Cash at bank and in hand | 54/58 | €23,800 | €30,348 | +€6,547 | +27.5% |
| Deferred charges and accrued income | 490/1 | €2,513 | €729 | -€1,784 | -71.0% |
| Total equity and liabilities | 10/49 | €183,992 | €163,817 | -€20,176 | -11.0% |
| Equity | 10/15 | €77,206 | €83,186 | +€5,981 | +7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €85,360 | €85,360 | = | 0.0% |
| 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 | €83,500 | €83,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,555 | -€14,574 | +€5,981 | +29.1% |
| Amounts payable | 17/49 | €106,787 | €80,630 | -€26,156 | -24.5% |
| Amounts payable after more than one year | 17 | €46,575 | €21,490 | -€25,085 | -53.9% |
| Financial debts | 170/4 | €46,575 | €21,490 | -€25,085 | -53.9% |
| Amounts payable within one year | 42/48 | €60,212 | €59,140 | -€1,072 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €34,267 | €25,085 | -€9,182 | -26.8% |
| Trade debts | 44 | €442 | €3,692 | +€3,250 | +734.7% |
| Suppliers | 440/4 | €442 | €3,692 | +€3,250 | +734.7% |
| Taxes, remuneration and social security | 45 | €1,574 | €3,597 | +€2,023 | +128.6% |
| Taxes | 450/3 | €1,574 | €1,413 | -€161 | -10.2% |
| Remuneration and social security | 454/9 | - | €2,184 | +€2,184 | |
| Other amounts payable | 47/48 | €23,930 | €26,767 | +€2,837 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,771 | €30,919 | -€852 | -2.7% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €39,487 | €39,527 | +€40 | +0.1% |
| Operating profit (loss) | 9901 | €7,716 | €8,544 | +€828 | +10.7% |
| Financial income | 75/76B | €151 | €122 | -€30 | -19.8% |
| Recurring financial income | 75 | €151 | €122 | -€30 | -19.8% |
| Financial charges | 65/66B | €2,805 | €2,489 | -€315 | -11.2% |
| Recurring financial charges | 65 | €2,805 | €2,489 | -€315 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €5,063 | €6,176 | +€1,114 | +22.0% |
| Income taxes | 67/77 | €170 | €196 | +€25 | +15.0% |
| Profit (loss) for the period | 9904 | €4,892 | €5,981 | +€1,088 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,892 | €5,981 | +€1,088 | +22.2% |
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.