NAMAL GROUP: what changed
NAMAL GROUP
Largest movements
- Tangible fixed assets -€12,600
down €12,600 (-25.3%), from €49,892 to €37,292
- Cash +€11,570
up €11,570 (+305%), from €3,794 to €15,364
mainly Net result for the year (+€35,767) and Other debts (+€12,614)
- Financial fixed assets +€5,000
up €5,000 (+100%), from €5,000 to €10,000
- Receivables within one year -€2,896
down €2,896 (-8.2%), from €35,245 to €32,349
of which Trade receivables: -€6,204
- Trade debts -€13,137
down €13,137 (-38.4%), from €34,238 to €21,101
- Other debts +€12,614
up €12,614 (+49.2%), from €25,636 to €38,250
- Tax, wage and social debts +€10,830
new in 2025: €10,830
- Profit (loss) carried forward -€9,233
down €9,233 (-59.7%), from €15,457 to €6,224
- Gross operating margin +€27,792
up €27,792 (+56.4%), from €49,239 to €77,031
- Other operating charges +€25,669
up €25,669 (+973%), from €2,639 to €28,308
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,931 | €95,005 | +€1,074 | +1.1% |
| Fixed assets | 21/28 | €54,892 | €47,292 | -€7,600 | -13.8% |
| Tangible fixed assets | 22/27 | €49,892 | €37,292 | -€12,600 | -25.3% |
| Furniture and vehicles | 24 | €49,892 | €37,292 | -€12,600 | -25.3% |
| Financial fixed assets | 28 | €5,000 | €10,000 | +€5,000 | +100% |
| Current assets | 29/58 | €39,039 | €47,713 | +€8,674 | +22.2% |
| Amounts receivable within one year | 40/41 | €35,245 | €32,349 | -€2,896 | -8.2% |
| Trade receivables | 40 | €34,355 | €28,152 | -€6,204 | -18.1% |
| Other amounts receivable | 41 | €890 | €4,197 | +€3,308 | +372% |
| Cash at bank and in hand | 54/58 | €3,794 | €15,364 | +€11,570 | +305% |
| Total equity and liabilities | 10/49 | €93,931 | €95,005 | +€1,074 | +1.1% |
| Equity | 10/15 | €34,057 | €24,824 | -€9,233 | -27.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,457 | €6,224 | -€9,233 | -59.7% |
| Amounts payable | 17/49 | €59,874 | €70,180 | +€10,306 | +17.2% |
| Amounts payable within one year | 42/48 | €59,874 | €70,180 | +€10,306 | +17.2% |
| Trade debts | 44 | €34,238 | €21,101 | -€13,137 | -38.4% |
| Suppliers | 440/4 | €34,238 | €21,101 | -€13,137 | -38.4% |
| Taxes, remuneration and social security | 45 | - | €10,830 | +€10,830 | |
| Taxes | 450/3 | - | €10,830 | +€10,830 | |
| Other amounts payable | 47/48 | €25,636 | €38,250 | +€12,614 | +49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,600 | €12,600 | = | 0.0% |
| Other operating charges | 640/8 | €2,639 | €28,308 | +€25,669 | +973% |
| Gross operating margin | 9900 | €49,239 | €77,031 | +€27,792 | +56.4% |
| Operating profit (loss) | 9901 | €33,999 | €36,123 | +€2,123 | +6.2% |
| Financial income | 75/76B | - | €118 | +€118 | |
| Recurring financial income | 75 | - | €118 | +€118 | |
| Financial charges | 65/66B | €1,113 | €473 | -€639 | -57.5% |
| Recurring financial charges | 65 | €1,113 | €473 | -€639 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €32,887 | €35,767 | +€2,881 | +8.8% |
| Profit (loss) for the period | 9904 | €32,887 | €35,767 | +€2,881 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,887 | €35,767 | +€2,881 | +8.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.