NAMHOLD: 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.
NAMHOLD
Largest movements
- Stocks and contracts +€416,250
new in 2025: €416,250
- Debts after one year +€238,163
up €238,163 (+167.9%), from €141,823 to €379,986
of which Financial debts: +€238,163
- Profit (loss) carried forward +€70,926
up €70,926 (+5.5%), from €1.3m to €1.4m
- Other debts +€46,402
up €46,402 (+15.7%), from €295,371 to €341,772
- Current portion of long-term debt +€38,520
up €38,520 (+386.9%), from €9,957 to €48,478
- Gross operating margin -€14,408
down €14,408 (-253.4%), from -€5,685 to -€20,093
- Financial charges +€2,821
up €2,821 (+64.5%), from €4,377 to €7,198
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 | €1,848,103 | €2,249,617 | +€401,514 | +21.7% |
| Fixed assets | 21/28 | €1,825,301 | €1,825,301 | = | 0.0% |
| Tangible fixed assets | 22/27 | €170,000 | €170,000 | = | 0.0% |
| Land and buildings | 22 | €170,000 | €170,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,655,301 | €1,655,301 | = | 0.0% |
| Current assets | 29/58 | €22,802 | €424,316 | +€401,514 | +1760.8% |
| Stocks and contracts in progress | 3 | - | €416,250 | +€416,250 | |
| Stocks | 30/36 | - | €416,250 | +€416,250 | |
| Amounts receivable within one year | 40/41 | €3,755 | €5,080 | +€1,325 | +35.3% |
| Other amounts receivable | 41 | €3,755 | €5,080 | +€1,325 | +35.3% |
| Cash at bank and in hand | 54/58 | €19,048 | €2,987 | -€16,061 | -84.3% |
| Total equity and liabilities | 10/49 | €1,848,103 | €2,249,617 | +€401,514 | +21.7% |
| Equity | 10/15 | €1,400,376 | €1,471,302 | +€70,926 | +5.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Outside capital | 11 | €100,000 | - | -€100,000 | |
| Other | 1109/19 | €100,000 | - | -€100,000 | |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Legal reserve | 130 | €11,860 | - | -€11,860 | |
| Reserves not available under the articles | 1311 | - | €11,860 | +€11,860 | |
| Profit (loss) carried forward | 14 | €1,288,516 | €1,359,442 | +€70,926 | +5.5% |
| Amounts payable | 17/49 | €447,727 | €778,315 | +€330,588 | +73.8% |
| Amounts payable after more than one year | 17 | €141,823 | €379,986 | +€238,163 | +167.9% |
| Financial debts | 170/4 | €141,623 | €379,786 | +€238,163 | +168.2% |
| Other amounts payable | 178/9 | €200 | €200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €305,854 | €398,279 | +€92,425 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €9,957 | €48,478 | +€38,520 | +386.9% |
| Trade debts | 44 | - | €8,029 | +€8,029 | |
| Suppliers | 440/4 | - | €8,029 | +€8,029 | |
| Taxes, remuneration and social security | 45 | €526 | - | -€526 | |
| Taxes | 450/3 | €526 | - | -€526 | |
| Other amounts payable | 47/48 | €295,371 | €341,772 | +€46,402 | +15.7% |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Other operating charges | 640/8 | €1,349 | €1,497 | +€147 | +10.9% |
| Gross operating margin | 9900 | -€5,685 | -€20,093 | -€14,408 | -253.4% |
| Operating profit (loss) | 9901 | -€7,035 | -€21,590 | -€14,555 | -206.9% |
| Financial income | 75/76B | €100,000 | €100,000 | = | 0.0% |
| Recurring financial income | 75 | €100,000 | €100,000 | = | 0.0% |
| Financial charges | 65/66B | €4,377 | €7,198 | +€2,821 | +64.5% |
| Recurring financial charges | 65 | €4,377 | €7,198 | +€2,821 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €88,589 | €71,212 | -€17,377 | -19.6% |
| Income taxes | 67/77 | €280 | €286 | +€6 | +2.1% |
| Profit (loss) for the period | 9904 | €88,309 | €70,926 | -€17,383 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,309 | €70,926 | -€17,383 | -19.7% |
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 4 October 2026 via checked.be.