Namalno: 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.
Namalno
Largest movements
- Financial fixed assets +€80,000
up €80,000 (+1.8%), from €4.4m to €4.5m
- Current portion of long-term debt -€496,000
down €496,000 (-56.1%), from €883,429 to €387,429
- Debts after one year +€281,571
up €281,571 (+17.8%), from €1.6m to €1.9m
- Other debts +€230,473
up €230,473, from €0 to €230,473
- Accrued charges and deferred income +€63,834
up €63,834 (+137%), from €46,581 to €110,415
- Gross operating margin +€82,037
up €82,037 (+307%), from €26,742 to €108,779
- Financial charges +€47,474
up €47,474 (+79.6%), from €59,640 to €107,114
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 | €4,489,878 | €4,566,563 | +€76,685 | +1.7% |
| Fixed assets | 21/28 | €4,448,748 | €4,528,748 | +€80,000 | +1.8% |
| Financial fixed assets | 28 | €4,448,748 | €4,528,748 | +€80,000 | +1.8% |
| Current assets | 29/58 | €41,130 | €37,814 | -€3,315 | -8.1% |
| Amounts receivable within one year | 40/41 | €36,490 | €37,717 | +€1,227 | +3.4% |
| Trade receivables | 40 | - | €36,667 | +€36,667 | |
| Other amounts receivable | 41 | €36,490 | €1,051 | -€35,440 | -97.1% |
| Cash at bank and in hand | 54/58 | €4,639 | €97 | -€4,542 | -97.9% |
| Total equity and liabilities | 10/49 | €4,489,878 | €4,566,563 | +€76,685 | +1.7% |
| Equity | 10/15 | €1,966,537 | €1,966,988 | +€451 | 0.0% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,746,537 | €1,746,988 | +€451 | 0.0% |
| Amounts payable | 17/49 | €2,523,341 | €2,599,575 | +€76,233 | +3.0% |
| Amounts payable after more than one year | 17 | €1,583,812 | €1,865,383 | +€281,571 | +17.8% |
| Financial debts | 170/4 | €1,583,812 | €1,865,383 | +€281,571 | +17.8% |
| Amounts payable within one year | 42/48 | €892,948 | €623,776 | -€269,172 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €883,429 | €387,429 | -€496,000 | -56.1% |
| Trade debts | 44 | €0 | €2,650 | +€2,650 | |
| Suppliers | 440/4 | €0 | €2,650 | +€2,650 | |
| Taxes, remuneration and social security | 45 | €9,520 | €3,224 | -€6,296 | -66.1% |
| Taxes | 450/3 | €9,520 | €3,224 | -€6,296 | -66.1% |
| Other amounts payable | 47/48 | €0 | €230,473 | +€230,473 | |
| Accrued charges and deferred income | 492/3 | €46,581 | €110,415 | +€63,834 | +137% |
| Other operating charges | 640/8 | €1,816 | €1,214 | -€602 | -33.1% |
| Gross operating margin | 9900 | €26,742 | €108,779 | +€82,037 | +307% |
| Operating profit (loss) | 9901 | €24,926 | €107,565 | +€82,639 | +332% |
| Financial charges | 65/66B | €59,640 | €107,114 | +€47,474 | +79.6% |
| Recurring financial charges | 65 | €59,640 | €107,114 | +€47,474 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,714 | €451 | +€35,165 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€34,714 | €451 | +€35,165 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,714 | €451 | +€35,165 |
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 17 October 2026 via checked.be.