NAMI: 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.
NAMI
Largest movements
- Receivables within one year -€5,567
down €5,567 (-62.2%), from €8,948 to €3,381
- Tangible fixed assets +€5,319
up €5,319 (+1242.7%), from €428 to €5,747
- Deferred charges and accrued income -€703
no longer reported in 2025 (was €703)
- Cash +€623
up €623 (+16.2%), from €3,844 to €4,467
mainly Net result for the year (+€12,952) and Receivables within one year (+€5,567)
- Other debts -€14,033
down €14,033 (-16.7%), from €83,795 to €69,762
- Profit (loss) carried forward +€12,952
up €12,952 (+12.7%), from -€102,060 to -€89,108
- Debts after one year +€5,355
new in 2025: €5,355
- Current portion of long-term debt -€4,983
down €4,983 (-76.5%), from €6,514 to €1,531
- Trade debts +€4,252
up €4,252 (+94.0%), from €4,523 to €8,776
- Staff costs +€23,719
up €23,719 (+62.2%), from €38,152 to €61,871
- Gross operating margin +€5,275
up €5,275 (+7.2%), from €73,543 to €78,818
- Depreciation -€4,425
down €4,425 (-78.1%), from €5,667 to €1,242
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 | €17,298 | €16,970 | -€328 | -1.9% |
| Fixed assets | 21/28 | €2,378 | €7,697 | +€5,319 | +223.7% |
| Tangible fixed assets | 22/27 | €428 | €5,747 | +€5,319 | +1242.7% |
| Furniture and vehicles | 24 | €428 | €5,747 | +€5,319 | +1242.7% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €14,920 | €9,273 | -€5,647 | -37.8% |
| Stocks and contracts in progress | 3 | €1,425 | €1,425 | = | 0.0% |
| Stocks | 30/36 | €1,425 | €1,425 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,948 | €3,381 | -€5,567 | -62.2% |
| Trade receivables | 40 | €8,948 | €3,381 | -€5,567 | -62.2% |
| Cash at bank and in hand | 54/58 | €3,844 | €4,467 | +€623 | +16.2% |
| Deferred charges and accrued income | 490/1 | €703 | - | -€703 | |
| Total equity and liabilities | 10/49 | €17,298 | €16,970 | -€328 | -1.9% |
| Equity | 10/15 | -€94,000 | -€81,048 | +€12,952 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,060 | -€89,108 | +€12,952 | +12.7% |
| Amounts payable | 17/49 | €111,298 | €98,018 | -€13,280 | -11.9% |
| Amounts payable after more than one year | 17 | - | €5,355 | +€5,355 | |
| Financial debts | 170/4 | - | €5,355 | +€5,355 | |
| Amounts payable within one year | 42/48 | €111,298 | €92,663 | -€18,635 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €6,514 | €1,531 | -€4,983 | -76.5% |
| Trade debts | 44 | €4,523 | €8,776 | +€4,252 | +94.0% |
| Suppliers | 440/4 | €4,523 | €8,776 | +€4,252 | +94.0% |
| Taxes, remuneration and social security | 45 | €16,465 | €12,594 | -€3,871 | -23.5% |
| Taxes | 450/3 | €2,828 | €8,187 | +€5,359 | +189.5% |
| Remuneration and social security | 454/9 | €13,638 | €4,408 | -€9,230 | -67.7% |
| Other amounts payable | 47/48 | €83,795 | €69,762 | -€14,033 | -16.7% |
| Remuneration, social security and pensions | 62 | €38,152 | €61,871 | +€23,719 | +62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,667 | €1,242 | -€4,425 | -78.1% |
| Other operating charges | 640/8 | €1,287 | €1,717 | +€429 | +33.4% |
| Gross operating margin | 9900 | €73,543 | €78,818 | +€5,275 | +7.2% |
| Operating profit (loss) | 9901 | €28,436 | €13,988 | -€14,449 | -50.8% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €1,190 | €1,036 | -€155 | -13.0% |
| Recurring financial charges | 65 | €1,190 | €1,036 | -€155 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €27,267 | €12,952 | -€14,315 | -52.5% |
| Profit (loss) for the period | 9904 | €27,267 | €12,952 | -€14,315 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,267 | €12,952 | -€14,315 | -52.5% |
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 6 October 2026 via checked.be.