NAMECHE GATHY: what changed
NAMECHE GATHY
Largest movements
- Cash +€126,511
up €126,511 (+21.6%), from €586,400 to €712,911
mainly Net result for the year (+€174,490) and Other debts (+€104,430)
- Tangible fixed assets -€79,219
down €79,219 (-5.8%), from €1.4m to €1.3m
of which Leasing and similar rights: -€56,942
- Deferred charges and accrued income +€28,211
up €28,211 (+25.1%), from €112,383 to €140,594
- Other debts +€104,430
up €104,430 (+22.7%), from €460,099 to €564,529
- Reserves +€75,000
up €75,000 (+375%), from €20,000 to €95,000
- Debts after one year -€74,892
down €74,892 (-5.5%), from €1.4m to €1.3m
- Profit (loss) carried forward -€24,944
down €24,944 (-20.0%), from €124,433 to €99,490
- Gross operating margin +€52,074
up €52,074 (+14.6%), from €357,872 to €409,947
- Taxes +€21,598
up €21,598 (+47.8%), from €45,148 to €66,747
- Financial charges +€12,493
up €12,493 (+21.2%), from €58,986 to €71,478
- Depreciation +€7,103
up €7,103 (+8.2%), from €87,128 to €94,231
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 | €2,061,966 | €2,139,836 | +€77,870 | +3.8% |
| Fixed assets | 21/28 | €1,363,183 | €1,283,964 | -€79,219 | -5.8% |
| Tangible fixed assets | 22/27 | €1,363,183 | €1,283,964 | -€79,219 | -5.8% |
| Furniture and vehicles | 24 | €71,879 | €49,602 | -€22,277 | -31.0% |
| Leasing and similar rights | 25 | €1,291,304 | €1,234,362 | -€56,942 | -4.4% |
| Current assets | 29/58 | €698,783 | €855,872 | +€157,089 | +22.5% |
| Amounts receivable within one year | 40/41 | - | €2,367 | +€2,367 | |
| Other amounts receivable | 41 | - | €2,367 | +€2,367 | |
| Cash at bank and in hand | 54/58 | €586,400 | €712,911 | +€126,511 | +21.6% |
| Deferred charges and accrued income | 490/1 | €112,383 | €140,594 | +€28,211 | +25.1% |
| Total equity and liabilities | 10/49 | €2,061,966 | €2,139,836 | +€77,870 | +3.8% |
| Equity | 10/15 | €163,033 | €213,090 | +€50,056 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,000 | €95,000 | +€75,000 | +375% |
| Distributable reserves | 133 | €20,000 | €95,000 | +€75,000 | +375% |
| Profit (loss) carried forward | 14 | €124,433 | €99,490 | -€24,944 | -20.0% |
| Amounts payable | 17/49 | €1,898,933 | €1,926,747 | +€27,814 | +1.5% |
| Amounts payable after more than one year | 17 | €1,361,360 | €1,286,469 | -€74,892 | -5.5% |
| Financial debts | 170/4 | €1,361,360 | €1,286,469 | -€74,892 | -5.5% |
| Amounts payable within one year | 42/48 | €537,572 | €640,278 | +€102,705 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €74,371 | €75,170 | +€800 | +1.1% |
| Trade debts | 44 | - | €579 | +€579 | |
| Suppliers | 440/4 | - | €579 | +€579 | |
| Taxes, remuneration and social security | 45 | €3,103 | - | -€3,103 | |
| Taxes | 450/3 | €3,103 | - | -€3,103 | |
| Other amounts payable | 47/48 | €460,099 | €564,529 | +€104,430 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,128 | €94,231 | +€7,103 | +8.2% |
| Other operating charges | 640/8 | €2,560 | €3,380 | +€820 | +32.1% |
| Non-recurring operating charges | 66A | €29,768 | - | -€29,768 | |
| Gross operating margin | 9900 | €357,872 | €409,947 | +€52,074 | +14.6% |
| Operating profit (loss) | 9901 | €238,417 | €312,336 | +€73,919 | +31.0% |
| Financial income | 75/76B | €150 | €379 | +€229 | +152% |
| Recurring financial income | 75 | €150 | €379 | +€229 | +152% |
| Financial charges | 65/66B | €58,986 | €71,478 | +€12,493 | +21.2% |
| Recurring financial charges | 65 | €58,986 | €71,478 | +€12,493 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €179,582 | €241,236 | +€61,655 | +34.3% |
| Income taxes | 67/77 | €45,148 | €66,747 | +€21,598 | +47.8% |
| Profit (loss) for the period | 9904 | €134,433 | €174,490 | +€40,056 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €134,433 | €174,490 | +€40,056 | +29.8% |
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 2 November 2026 via checked.be.