NAMCO: 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.
NAMCO
Largest movements
- Tangible fixed assets +€30,487
up €30,487 (+9.0%), from €336,939 to €367,426
of which Plant, machinery and equipment: +€31,235
- Cash +€15,846
up €15,846 (+127.0%), from €12,475 to €28,321
mainly Other debts (+€44,091) and Depreciation (+€35,109)
- Receivables within one year -€13,141
down €13,141 (-71.1%), from €18,478 to €5,337
of which Trade receivables: -€17,195
- Stocks and contracts +€4,663
up €4,663 (+45.7%), from €10,212 to €14,875
- Deferred charges and accrued income -€4,383
no longer reported in 2025 (was €4,383)
- Other debts +€44,091
up €44,091 (+39.9%), from €110,428 to €154,519
- Debts after one year -€33,677
down €33,677 (-30.3%), from €111,228 to €77,551
- Profit (loss) carried forward +€23,617
up €23,617 (+34.3%), from €68,941 to €92,557
- Accrued charges and deferred income +€10,583
new in 2025: €10,583
- Trade debts -€8,204
down €8,204 (-44.1%), from €18,583 to €10,379
- Turnover +€46,396
up €46,396 (+19.8%), from €234,610 to €281,006
- Purchases and services +€37,578
up €37,578 (+17.8%), from €211,248 to €248,826
- Gross operating margin +€31,173
up €31,173 (+68.7%), from €45,376 to €76,549
- Depreciation +€6,145
up €6,145 (+21.2%), from €28,963 to €35,109
- Other operating charges +€4,225
up €4,225 (+56.0%), from €7,545 to €11,770
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 | €382,519 | €415,992 | +€33,473 | +8.8% |
| Fixed assets | 21/28 | €336,972 | €367,459 | +€30,487 | +9.0% |
| Tangible fixed assets | 22/27 | €336,939 | €367,426 | +€30,487 | +9.0% |
| Land and buildings | 22 | €209,503 | €209,040 | -€463 | -0.2% |
| Plant, machinery and equipment | 23 | €108,001 | €139,236 | +€31,235 | +28.9% |
| Furniture and vehicles | 24 | €19,435 | €19,150 | -€285 | -1.5% |
| Financial fixed assets | 28 | €33 | €33 | = | 0.0% |
| Current assets | 29/58 | €45,547 | €48,533 | +€2,985 | +6.6% |
| Stocks and contracts in progress | 3 | €10,212 | €14,875 | +€4,663 | +45.7% |
| Stocks | 30/36 | €10,212 | €14,875 | +€4,663 | +45.7% |
| Amounts receivable within one year | 40/41 | €18,478 | €5,337 | -€13,141 | -71.1% |
| Trade receivables | 40 | €17,720 | €525 | -€17,195 | -97.0% |
| Other amounts receivable | 41 | €758 | €4,812 | +€4,054 | +535.1% |
| Cash at bank and in hand | 54/58 | €12,475 | €28,321 | +€15,846 | +127.0% |
| Deferred charges and accrued income | 490/1 | €4,383 | - | -€4,383 | |
| Total equity and liabilities | 10/49 | €382,519 | €415,992 | +€33,473 | +8.8% |
| Equity | 10/15 | €97,765 | €121,382 | +€23,617 | +24.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,824 | €8,824 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,824 | €6,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,941 | €92,557 | +€23,617 | +34.3% |
| Amounts payable | 17/49 | €284,754 | €294,610 | +€9,856 | +3.5% |
| Amounts payable after more than one year | 17 | €111,228 | €77,551 | -€33,677 | -30.3% |
| Financial debts | 170/4 | €111,228 | €77,551 | -€33,677 | -30.3% |
| Amounts payable within one year | 42/48 | €173,526 | €206,476 | +€32,950 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €39,135 | €33,677 | -€5,458 | -13.9% |
| Trade debts | 44 | €18,583 | €10,379 | -€8,204 | -44.1% |
| Suppliers | 440/4 | €18,583 | €10,379 | -€8,204 | -44.1% |
| Advances received on contracts in progress | 46 | - | €5,083 | +€5,083 | |
| Taxes, remuneration and social security | 45 | €5,380 | €2,819 | -€2,561 | -47.6% |
| Taxes | 450/3 | €5,380 | €2,819 | -€2,561 | -47.6% |
| Other amounts payable | 47/48 | €110,428 | €154,519 | +€44,091 | +39.9% |
| Accrued charges and deferred income | 492/3 | - | €10,583 | +€10,583 | |
| Turnover | 70 | €234,610 | €281,006 | +€46,396 | +19.8% |
| Non-recurring operating income | 76A | €22,014 | €44,369 | +€22,356 | +101.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €211,248 | €248,826 | +€37,578 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,963 | €35,109 | +€6,145 | +21.2% |
| Other operating charges | 640/8 | €7,545 | €11,770 | +€4,225 | +56.0% |
| Gross operating margin | 9900 | €45,376 | €76,549 | +€31,173 | +68.7% |
| Operating profit (loss) | 9901 | €8,868 | €29,671 | +€20,803 | +234.6% |
| Financial income | 75/76B | €18 | €11 | -€7 | -40.2% |
| Recurring financial income | 75 | €18 | €11 | -€7 | -40.2% |
| Financial charges | 65/66B | €6,248 | €6,065 | -€183 | -2.9% |
| Recurring financial charges | 65 | €6,248 | €6,065 | -€183 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €2,638 | €23,617 | +€20,978 | +795.2% |
| Income taxes | 67/77 | €224 | - | -€224 | |
| Profit (loss) for the period | 9904 | €2,414 | €23,617 | +€21,202 | +878.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,414 | €23,617 | +€21,202 | +878.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.