NAMERI: 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.
NAMERI
Largest movements
- Tangible fixed assets -€23,959
down €23,959 (-17.7%), from €134,999 to €111,040
of which Other tangible fixed assets: -€21,959
- Stocks and contracts -€21,883
down €21,883 (-19.1%), from €114,666 to €92,783
- Intangible fixed assets -€3,333
no longer reported in 2025 (was €3,333)
- Profit (loss) carried forward -€59,162
down €59,162 (-146.1%), from -€40,486 to -€99,648
- Debts after one year +€5,000
up €5,000 (+2.6%), from €195,000 to €200,000
- Accrued charges and deferred income +€3,000
up €3,000 (+152.6%), from €1,966 to €4,966
- Gross operating margin -€8,954
down €8,954 (-45.7%), from €19,576 to €10,622
- Staff costs +€1,040
up €1,040 (+2.9%), from €36,185 to €37,225
- Other operating charges +€333
up €333 (+62.7%), from €531 to €864
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 | €270,495 | €220,783 | -€49,712 | -18.4% |
| Fixed assets | 21/28 | €138,512 | €111,220 | -€27,292 | -19.7% |
| Intangible fixed assets | 21 | €3,333 | - | -€3,333 | |
| Tangible fixed assets | 22/27 | €134,999 | €111,040 | -€23,959 | -17.7% |
| Plant, machinery and equipment | 23 | €2,752 | €828 | -€1,924 | -69.9% |
| Furniture and vehicles | 24 | €122 | €46 | -€76 | -62.2% |
| Other tangible fixed assets | 26 | €132,125 | €110,166 | -€21,959 | -16.6% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €131,983 | €109,562 | -€22,420 | -17.0% |
| Stocks and contracts in progress | 3 | €114,666 | €92,783 | -€21,883 | -19.1% |
| Stocks | 30/36 | €114,666 | €92,783 | -€21,883 | -19.1% |
| Amounts receivable within one year | 40/41 | €78 | €356 | +€278 | +358.8% |
| Trade receivables | 40 | €50 | €355 | +€305 | +609.0% |
| Other amounts receivable | 41 | €28 | €2 | -€26 | -94.3% |
| Cash at bank and in hand | 54/58 | €13,052 | €13,968 | +€916 | +7.0% |
| Deferred charges and accrued income | 490/1 | €4,187 | €2,455 | -€1,732 | -41.4% |
| Total equity and liabilities | 10/49 | €270,495 | €220,783 | -€49,712 | -18.4% |
| Equity | 10/15 | €59,514 | €352 | -€59,162 | -99.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,486 | -€99,648 | -€59,162 | -146.1% |
| Amounts payable | 17/49 | €210,981 | €220,431 | +€9,449 | +4.5% |
| Amounts payable after more than one year | 17 | €195,000 | €200,000 | +€5,000 | +2.6% |
| Financial debts | 170/4 | €195,000 | €200,000 | +€5,000 | +2.6% |
| Amounts payable within one year | 42/48 | €14,015 | €15,465 | +€1,449 | +10.3% |
| Trade debts | 44 | €6,016 | €6,974 | +€958 | +15.9% |
| Suppliers | 440/4 | €6,016 | €6,974 | +€958 | +15.9% |
| Taxes, remuneration and social security | 45 | €7,999 | €8,491 | +€492 | +6.1% |
| Taxes | 450/3 | €4,706 | €5,093 | +€386 | +8.2% |
| Remuneration and social security | 454/9 | €3,293 | €3,399 | +€105 | +3.2% |
| Accrued charges and deferred income | 492/3 | €1,966 | €4,966 | +€3,000 | +152.6% |
| Remuneration, social security and pensions | 62 | €36,185 | €37,225 | +€1,040 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,399 | €27,292 | -€107 | -0.4% |
| Other operating charges | 640/8 | €531 | €864 | +€333 | +62.7% |
| Gross operating margin | 9900 | €19,576 | €10,622 | -€8,954 | -45.7% |
| Operating profit (loss) | 9901 | -€44,538 | -€54,759 | -€10,221 | -22.9% |
| Financial income | 75/76B | €162 | €47 | -€116 | -71.3% |
| Recurring financial income | 75 | €162 | €47 | -€116 | -71.3% |
| Financial charges | 65/66B | €4,493 | €4,449 | -€43 | -1.0% |
| Recurring financial charges | 65 | €4,493 | €4,449 | -€43 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€48,869 | -€59,162 | -€10,293 | -21.1% |
| Profit (loss) for the period | 9904 | -€48,869 | -€59,162 | -€10,293 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,869 | -€59,162 | -€10,293 | -21.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.