NAMé Recycling: 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.
NAMé Recycling
Largest movements
- Receivables within one year -€831,580
down €831,580 (-77.2%), from €1.1m to €245,538
of which Trade receivables: -€583,826
- Financial fixed assets +€426,894
up €426,894 (+230%), from €185,519 to €612,413
- Tangible fixed assets -€149,725
down €149,725 (-9.7%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€150,347
- Cash -€74,965
down €74,965 (-86.6%), from €86,544 to €11,579
mainly Net result for the year (-€1.9m) and Investment in fixed assets (net) (-€598,398)
- Profit (loss) carried forward -€1.9m
down €1.9m (-122%), from -€1.5m to -€3.4m
- Debts after one year +€750,968
up €750,968 (+56.1%), from €1.3m to €2.1m
- Other debts +€234,359
up €234,359 (+316%), from €74,193 to €308,553
- Short-term financial debts +€149,453
up €149,453 (+76.4%), from €195,680 to €345,134
of which Other loans: +€150,000
- Current portion of long-term debt +€99,990
up €99,990 (+204%), from €49,042 to €149,032
- Other operating charges +€627,715
up €627,715 (+51,180%), from €1,226 to €628,942
- Write-downs +€504,852
up €504,852 (+3,523%), from €14,330 to €519,182
- Gross operating margin -€301,701
down €301,701, from €42,538 to -€259,163
- Depreciation +€50,308
up €50,308 (+16.9%), from €297,371 to €347,679
- Financial charges +€41,884
up €41,884 (+23.9%), from €175,247 to €217,131
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,078,115 | €3,435,906 | -€642,209 | -15.7% |
| Formation expenses | 20 | €110,465 | €84,015 | -€26,450 | -23.9% |
| Fixed assets | 21/28 | €1,723,500 | €2,000,670 | +€277,170 | +16.1% |
| Tangible fixed assets | 22/27 | €1,537,982 | €1,388,257 | -€149,725 | -9.7% |
| Land and buildings | 22 | €389,524 | €370,328 | -€19,197 | -4.9% |
| Plant, machinery and equipment | 23 | €1,081,484 | €931,138 | -€150,347 | -13.9% |
| Furniture and vehicles | 24 | €64,468 | €86,791 | +€22,324 | +34.6% |
| Other tangible fixed assets | 26 | €2,505 | €0 | -€2,505 | -100% |
| Financial fixed assets | 28 | €185,519 | €612,413 | +€426,894 | +230% |
| Current assets | 29/58 | €2,244,150 | €1,351,221 | -€892,929 | -39.8% |
| Amounts receivable after more than one year | 29 | €1,052,327 | €1,028,017 | -€24,310 | -2.3% |
| Trade receivables | 290 | €1,052,327 | €1,028,017 | -€24,310 | -2.3% |
| Stocks and contracts in progress | 3 | €28,161 | €66,087 | +€37,926 | +135% |
| Stocks | 30/36 | €28,161 | €66,087 | +€37,926 | +135% |
| Amounts receivable within one year | 40/41 | €1,077,118 | €245,538 | -€831,580 | -77.2% |
| Trade receivables | 40 | €650,357 | €66,531 | -€583,826 | -89.8% |
| Other amounts receivable | 41 | €426,761 | €179,007 | -€247,754 | -58.1% |
| Cash at bank and in hand | 54/58 | €86,544 | €11,579 | -€74,965 | -86.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,078,115 | €3,435,906 | -€642,209 | -15.7% |
| Equity | 10/15 | €2,091,082 | €188,683 | -€1.9m | -91.0% |
| Contributions | 10/11 | €3,541,152 | €3,541,152 | = | 0.0% |
| Capital | 10 | €922,684 | €922,684 | = | 0.0% |
| Issued capital | 100 | €952,684 | €952,684 | = | 0.0% |
| Uncalled capital | 101 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,618,467 | €2,618,467 | = | 0.0% |
| Share premium | 1100/10 | €2,618,467 | €2,618,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,541,922 | -€3,426,055 | -€1.9m | -122% |
| Investment grants | 15 | €91,853 | €73,586 | -€18,266 | -19.9% |
| Provisions and deferred taxes | 16 | €16,180 | €14,543 | -€1,636 | -10.1% |
| Deferred taxes | 168 | €16,180 | €14,543 | -€1,636 | -10.1% |
| Amounts payable | 17/49 | €1,970,853 | €3,232,680 | +€1.3m | +64.0% |
| Amounts payable after more than one year | 17 | €1,337,828 | €2,088,797 | +€750,968 | +56.1% |
| Financial debts | 170/4 | €1,337,828 | €2,088,797 | +€750,968 | +56.1% |
| Amounts payable within one year | 42/48 | €578,108 | €996,333 | +€418,224 | +72.3% |
| Current portion of amounts payable after more than one year | 42 | €49,042 | €149,032 | +€99,990 | +204% |
| Financial debts | 43 | €195,680 | €345,134 | +€149,453 | +76.4% |
| Credit institutions | 430/8 | €680 | €134 | -€547 | -80.4% |
| Other loans | 439 | €195,000 | €345,000 | +€150,000 | +76.9% |
| Trade debts | 44 | €239,171 | €172,747 | -€66,424 | -27.8% |
| Suppliers | 440/4 | €239,171 | €172,747 | -€66,424 | -27.8% |
| Taxes, remuneration and social security | 45 | €20,023 | €20,868 | +€845 | +4.2% |
| Taxes | 450/3 | €19,221 | €19,221 | = | 0.0% |
| Remuneration and social security | 454/9 | €802 | €1,647 | +€845 | +105% |
| Other amounts payable | 47/48 | €74,193 | €308,553 | +€234,359 | +316% |
| Accrued charges and deferred income | 492/3 | €54,916 | €147,550 | +€92,634 | +169% |
| Remuneration, social security and pensions | 62 | €6,305 | €14,292 | +€7,986 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297,371 | €347,679 | +€50,308 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,330 | €519,182 | +€504,852 | +3,523% |
| Other operating charges | 640/8 | €1,226 | €628,942 | +€627,715 | +51,180% |
| Non-recurring operating charges | 66A | €5,898 | €0 | -€5,898 | -100% |
| Gross operating margin | 9900 | €42,538 | -€259,163 | -€301,701 | |
| Operating profit (loss) | 9901 | -€282,592 | -€1,769,257 | -€1.5m | -526% |
| Financial income | 75/76B | €103,867 | €100,618 | -€3,248 | -3.1% |
| Recurring financial income | 75 | €103,867 | €100,618 | -€3,248 | -3.1% |
| Financial charges | 65/66B | €175,247 | €217,131 | +€41,884 | +23.9% |
| Recurring financial charges | 65 | €175,247 | €217,131 | +€41,884 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | -€353,973 | -€1,885,769 | -€1.5m | -433% |
| Transfer from deferred taxes | 780 | €16,176 | €1,636 | -€14,539 | -89.9% |
| Profit (loss) for the period | 9904 | -€337,797 | -€1,884,133 | -€1.5m | -458% |
| Profit (loss) for the period to be appropriated | 9905 | -€337,797 | -€1,884,133 | -€1.5m | -458% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.