Namavet: 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.
Namavet
Largest movements
- Current investments +€101,032
up €101,032 (+101%), from €100,000 to €201,032
- Cash -€13,266
down €13,266 (-5.9%), from €225,351 to €212,085
mainly Current investments (-€101,032) and Tax, wage and social debts (-€2,850)
- Reserves +€90,026
up €90,026 (+29.8%), from €302,131 to €392,158
- Financial income +€3,144
up €3,144 (+83.5%), from €3,768 to €6,912
- Gross operating margin -€3,074
down €3,074 (-2.5%), from €123,632 to €120,558
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 | €339,812 | €426,182 | +€86,371 | +25.4% |
| Formation expenses | 20 | €385 | €0 | -€385 | -100% |
| Fixed assets | 21/28 | €1,270 | €1,023 | -€247 | -19.5% |
| Tangible fixed assets | 22/27 | €1,270 | €1,023 | -€247 | -19.5% |
| Plant, machinery and equipment | 23 | €236 | €149 | -€87 | -36.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €1,033 | €873 | -€160 | -15.5% |
| Current assets | 29/58 | €338,157 | €425,160 | +€87,003 | +25.7% |
| Stocks and contracts in progress | 3 | €7,773 | €10,168 | +€2,395 | +30.8% |
| Stocks | 30/36 | €7,773 | €10,168 | +€2,395 | +30.8% |
| Amounts receivable within one year | 40/41 | €592 | €344 | -€248 | -41.9% |
| Trade receivables | 40 | €592 | €344 | -€248 | -41.9% |
| Current investments | 50/53 | €100,000 | €201,032 | +€101,032 | +101% |
| Cash at bank and in hand | 54/58 | €225,351 | €212,085 | -€13,266 | -5.9% |
| Deferred charges and accrued income | 490/1 | €4,442 | €1,532 | -€2,910 | -65.5% |
| Total equity and liabilities | 10/49 | €339,812 | €426,182 | +€86,371 | +25.4% |
| Equity | 10/15 | €304,631 | €394,658 | +€90,026 | +29.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €302,131 | €392,158 | +€90,026 | +29.8% |
| Distributable reserves | 133 | €302,131 | €392,158 | +€90,026 | +29.8% |
| Amounts payable | 17/49 | €35,180 | €31,524 | -€3,656 | -10.4% |
| Amounts payable within one year | 42/48 | €35,180 | €31,524 | -€3,656 | -10.4% |
| Trade debts | 44 | €10,379 | €10,085 | -€294 | -2.8% |
| Suppliers | 440/4 | €10,379 | €10,085 | -€294 | -2.8% |
| Taxes, remuneration and social security | 45 | €22,547 | €19,697 | -€2,850 | -12.6% |
| Taxes | 450/3 | €22,547 | €19,697 | -€2,850 | -12.6% |
| Other amounts payable | 47/48 | €2,254 | €1,743 | -€511 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €632 | = | 0.0% |
| Other operating charges | 640/8 | €1,113 | €1,015 | -€98 | -8.8% |
| Gross operating margin | 9900 | €123,632 | €120,558 | -€3,074 | -2.5% |
| Operating profit (loss) | 9901 | €121,887 | €118,911 | -€2,976 | -2.4% |
| Financial income | 75/76B | €3,768 | €6,912 | +€3,144 | +83.5% |
| Recurring financial income | 75 | €3,768 | €6,912 | +€3,144 | +83.5% |
| Financial charges | 65/66B | €82 | €134 | +€52 | +64.0% |
| Recurring financial charges | 65 | €82 | €134 | +€52 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | €125,573 | €125,689 | +€116 | +0.1% |
| Income taxes | 67/77 | €35,632 | €35,662 | +€30 | +0.1% |
| Profit (loss) for the period | 9904 | €89,941 | €90,026 | +€86 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,941 | €90,026 | +€86 | +0.1% |
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 24 October 2026 via checked.be.