NAMICO: 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.
NAMICO
Largest movements
- Receivables within one year +€13,991
up €13,991 (+609.1%), from €2,297 to €16,288
of which Trade receivables: +€16,288
- Cash -€9,143
down €9,143 (-10.1%), from €90,320 to €81,178
mainly Contributions, distributions and other (-€59,445) and Receivables within one year (-€13,991)
- Tangible fixed assets +€6,070
up €6,070 (+60.9%), from €9,960 to €16,029
- Deferred charges and accrued income +€1,227
up €1,227 (+202.7%), from €605 to €1,832
- Other debts +€26,358
new in 2025: €26,358
- Reserves -€20,380
down €20,380 (-26.3%), from €77,545 to €57,165
of which Distributable reserves: -€20,380
- Tax, wage and social debts +€4,171
up €4,171 (+65.4%), from €6,376 to €10,547
of which Remuneration and social security: +€3,000
- Trade debts +€1,996
up €1,996 (+301.9%), from €661 to €2,657
- Gross operating margin -€5,824
down €5,824 (-8.8%), from €66,063 to €60,239
- Taxes +€1,046
up €1,046 (+7.9%), from €13,263 to €14,308
- Depreciation -€813
down €813 (-12.8%), from €6,348 to €5,535
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 | €103,182 | €115,327 | +€12,145 | +11.8% |
| Fixed assets | 21/28 | €9,960 | €16,029 | +€6,070 | +60.9% |
| Tangible fixed assets | 22/27 | €9,960 | €16,029 | +€6,070 | +60.9% |
| Furniture and vehicles | 24 | €9,960 | €16,029 | +€6,070 | +60.9% |
| Current assets | 29/58 | €93,222 | €99,298 | +€6,075 | +6.5% |
| Amounts receivable within one year | 40/41 | €2,297 | €16,288 | +€13,991 | +609.1% |
| Trade receivables | 40 | - | €16,288 | +€16,288 | |
| Other amounts receivable | 41 | €2,297 | - | -€2,297 | |
| Cash at bank and in hand | 54/58 | €90,320 | €81,178 | -€9,143 | -10.1% |
| Deferred charges and accrued income | 490/1 | €605 | €1,832 | +€1,227 | +202.7% |
| Total equity and liabilities | 10/49 | €103,182 | €115,327 | +€12,145 | +11.8% |
| Equity | 10/15 | €96,145 | €75,765 | -€20,380 | -21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,545 | €57,165 | -€20,380 | -26.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,685 | €55,305 | -€20,380 | -26.9% |
| Amounts payable | 17/49 | €7,037 | €39,562 | +€32,525 | +462.2% |
| Amounts payable within one year | 42/48 | €7,037 | €39,562 | +€32,525 | +462.2% |
| Trade debts | 44 | €661 | €2,657 | +€1,996 | +301.9% |
| Suppliers | 440/4 | €661 | €2,657 | +€1,996 | +301.9% |
| Taxes, remuneration and social security | 45 | €6,376 | €10,547 | +€4,171 | +65.4% |
| Taxes | 450/3 | €6,376 | €7,547 | +€1,171 | +18.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | - | €26,358 | +€26,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,348 | €5,535 | -€813 | -12.8% |
| Other operating charges | 640/8 | €387 | €483 | +€95 | +24.6% |
| Gross operating margin | 9900 | €66,063 | €60,239 | -€5,824 | -8.8% |
| Operating profit (loss) | 9901 | €59,328 | €54,221 | -€5,107 | -8.6% |
| Financial income | 75/76B | €241 | €90 | -€151 | -62.7% |
| Recurring financial income | 75 | €241 | €90 | -€151 | -62.7% |
| Financial charges | 65/66B | €1,569 | €939 | -€630 | -40.2% |
| Recurring financial charges | 65 | €1,569 | €939 | -€630 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €58,000 | €53,373 | -€4,627 | -8.0% |
| Income taxes | 67/77 | €13,263 | €14,308 | +€1,046 | +7.9% |
| Profit (loss) for the period | 9904 | €44,737 | €39,065 | -€5,673 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,737 | €39,065 | -€5,673 | -12.7% |
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.