NAMILEM: 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.
NAMILEM
Largest movements
- Cash -€4,602
down €4,602 (-32.0%), from €14,377 to €9,775
mainly Other debts (-€18,790) and Investment in fixed assets (net) (-€2,977)
- Tangible fixed assets -€2,325
down €2,325 (-22.0%), from €10,585 to €8,260
of which Leasing and similar rights: -€2,051
- Intangible fixed assets +€1,829
new in 2025: €1,829
- Receivables within one year -€412
down €412 (-14.6%), from €2,823 to €2,411
- Other debts -€18,790
down €18,790 (-26.5%), from €70,853 to €52,062
- Profit (loss) carried forward +€15,170
up €15,170 (+28.9%), from -€52,448 to -€37,277
- Tax, wage and social debts -€1,770
down €1,770 (-59.1%), from €2,993 to €1,223
- Staff costs -€12,000
down €12,000 (-100.0%), from €12,000 to €0
- Gross operating margin +€5,944
up €5,944 (+47.1%), from €12,611 to €18,555
- Depreciation -€1,662
down €1,662 (-32.4%), from €5,134 to €3,472
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 | €40,240 | €35,023 | -€5,217 | -13.0% |
| Fixed assets | 21/28 | €10,585 | €10,089 | -€495 | -4.7% |
| Intangible fixed assets | 21 | - | €1,829 | +€1,829 | |
| Tangible fixed assets | 22/27 | €10,585 | €8,260 | -€2,325 | -22.0% |
| Plant, machinery and equipment | 23 | €5,171 | €4,309 | -€862 | -16.7% |
| Furniture and vehicles | 24 | €2,638 | €3,227 | +€589 | +22.3% |
| Leasing and similar rights | 25 | €2,775 | €724 | -€2,051 | -73.9% |
| Current assets | 29/58 | €29,655 | €24,933 | -€4,722 | -15.9% |
| Stocks and contracts in progress | 3 | €12,456 | €12,747 | +€291 | +2.3% |
| Stocks | 30/36 | €12,456 | €12,747 | +€291 | +2.3% |
| Amounts receivable within one year | 40/41 | €2,823 | €2,411 | -€412 | -14.6% |
| Trade receivables | 40 | €2,823 | €2,411 | -€412 | -14.6% |
| Cash at bank and in hand | 54/58 | €14,377 | €9,775 | -€4,602 | -32.0% |
| Total equity and liabilities | 10/49 | €40,240 | €35,023 | -€5,217 | -13.0% |
| Equity | 10/15 | -€33,848 | -€18,677 | +€15,170 | +44.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,448 | -€37,277 | +€15,170 | +28.9% |
| Amounts payable | 17/49 | €74,087 | €53,700 | -€20,388 | -27.5% |
| Amounts payable within one year | 42/48 | €74,087 | €53,700 | -€20,388 | -27.5% |
| Trade debts | 44 | €241 | €414 | +€173 | +71.7% |
| Suppliers | 440/4 | €241 | €414 | +€173 | +71.7% |
| Taxes, remuneration and social security | 45 | €2,993 | €1,223 | -€1,770 | -59.1% |
| Taxes | 450/3 | €2,993 | €1,223 | -€1,770 | -59.1% |
| Other amounts payable | 47/48 | €70,853 | €52,062 | -€18,790 | -26.5% |
| Remuneration, social security and pensions | 62 | €12,000 | €0 | -€12,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,134 | €3,472 | -€1,662 | -32.4% |
| Other operating charges | 640/8 | €6 | €70 | +€64 | +1010.8% |
| Operating charges capitalised as restructuring costs | 649 | -€63 | - | +€63 | |
| Gross operating margin | 9900 | €12,611 | €18,555 | +€5,944 | +47.1% |
| Operating profit (loss) | 9901 | -€4,466 | €15,013 | +€19,479 | |
| Financial income | 75/76B | €207 | €240 | +€33 | +16.2% |
| Recurring financial income | 75 | €207 | €240 | +€33 | +16.2% |
| Financial charges | 65/66B | €61 | €83 | +€22 | +36.1% |
| Recurring financial charges | 65 | €61 | €83 | +€22 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,320 | €15,170 | +€19,491 | |
| Profit (loss) for the period | 9904 | -€4,320 | €15,170 | +€19,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,320 | €15,170 | +€19,491 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.