NAMICOM: what changed
Two financial 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.
NAMICOM
Largest movements
- Tangible fixed assets +€301,743
up €301,743 (+24.6%), from €1.2m to €1.5m
of which Other tangible fixed assets: +€342,560
- Receivables within one year +€18,830
up €18,830 (+108.8%), from €17,312 to €36,143
of which Other amounts receivable: +€15,890
- Debts after one year +€239,792
up €239,792 (+12614.0%), from €1,901 to €241,693
of which Financial debts: +€239,792
- Other debts +€83,774
up €83,774 (+19.7%), from €425,478 to €509,252
- Gross operating margin -€20,980
down €20,980 (-20.3%), from €103,310 to €82,330
- Taxes -€9,653
down €9,653 (-97.3%), from €9,922 to €269
- Financial charges +€6,311
up €6,311 (+23.1%), from €27,280 to €33,591
- Other operating charges +€2,455
up €2,455 (+33.0%), from €7,441 to €9,895
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,269,964 | €1,589,850 | +€319,886 | +25.2% |
| Fixed assets | 21/28 | €1,226,415 | €1,528,159 | +€301,743 | +24.6% |
| Tangible fixed assets | 22/27 | €1,226,415 | €1,528,159 | +€301,743 | +24.6% |
| Land and buildings | 22 | €1,222,166 | €1,182,758 | -€39,408 | -3.2% |
| Plant, machinery and equipment | 23 | €2,621 | €1,764 | -€856 | -32.7% |
| Furniture and vehicles | 24 | €1,628 | €1,076 | -€552 | -33.9% |
| Other tangible fixed assets | 26 | - | €342,560 | +€342,560 | |
| Current assets | 29/58 | €43,549 | €61,691 | +€18,143 | +41.7% |
| Amounts receivable within one year | 40/41 | €17,312 | €36,143 | +€18,830 | +108.8% |
| Trade receivables | 40 | €17,312 | €20,253 | +€2,940 | +17.0% |
| Other amounts receivable | 41 | - | €15,890 | +€15,890 | |
| Cash at bank and in hand | 54/58 | €21,105 | €20,835 | -€269 | -1.3% |
| Deferred charges and accrued income | 490/1 | €5,132 | €4,713 | -€419 | -8.2% |
| Total equity and liabilities | 10/49 | €1,269,964 | €1,589,850 | +€319,886 | +25.2% |
| Equity | 10/15 | €790,846 | €788,607 | -€2,239 | -0.3% |
| Contributions | 10/11 | €646,098 | €646,098 | = | 0.0% |
| Reserves | 13 | €144,748 | €142,509 | -€2,239 | -1.5% |
| Non-distributable reserves | 130/1 | €8,403 | €0 | -€8,403 | -100.0% |
| Reserves not available under the articles | 1311 | €8,403 | €0 | -€8,403 | -100.0% |
| Distributable reserves | 133 | €136,345 | €142,509 | +€6,163 | +4.5% |
| Amounts payable | 17/49 | €479,118 | €801,243 | +€322,125 | +67.2% |
| Amounts payable after more than one year | 17 | €1,901 | €241,693 | +€239,792 | +12614.0% |
| Financial debts | 170/4 | - | €239,792 | +€239,792 | |
| Other amounts payable | 178/9 | €1,901 | €1,901 | = | 0.0% |
| Amounts payable within one year | 42/48 | €448,136 | €525,948 | +€77,812 | +17.4% |
| Trade debts | 44 | €654 | €6,506 | +€5,852 | +894.7% |
| Suppliers | 440/4 | €654 | €6,506 | +€5,852 | +894.7% |
| Taxes, remuneration and social security | 45 | €22,005 | €10,191 | -€11,814 | -53.7% |
| Taxes | 450/3 | €22,005 | €10,191 | -€11,814 | -53.7% |
| Other amounts payable | 47/48 | €425,478 | €509,252 | +€83,774 | +19.7% |
| Accrued charges and deferred income | 492/3 | €29,081 | €33,602 | +€4,521 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,082 | €40,817 | -€265 | -0.6% |
| Other operating charges | 640/8 | €7,441 | €9,895 | +€2,455 | +33.0% |
| Gross operating margin | 9900 | €103,310 | €82,330 | -€20,980 | -20.3% |
| Operating profit (loss) | 9901 | €54,787 | €31,618 | -€23,169 | -42.3% |
| Financial income | 75/76B | €10 | €2 | -€8 | -78.8% |
| Recurring financial income | 75 | €10 | €2 | -€8 | -78.8% |
| Financial charges | 65/66B | €27,280 | €33,591 | +€6,311 | +23.1% |
| Recurring financial charges | 65 | €27,280 | €33,591 | +€6,311 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €27,518 | -€1,970 | -€29,488 | |
| Income taxes | 67/77 | €9,922 | €269 | -€9,653 | -97.3% |
| Profit (loss) for the period | 9904 | €17,596 | -€2,239 | -€19,835 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,596 | -€2,239 | -€19,835 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.