NAMIMMO: 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.
NAMIMMO
Largest movements
- Tangible fixed assets +€159,449
up €159,449 (+11.6%), from €1.4m to €1.5m
of which Land and buildings: +€157,117
- Other debts +€396,565
up €396,565, from €0 to €396,565
- Short-term financial debts -€239,180
down €239,180 (-83.3%), from €287,127 to €47,947
- Profit (loss) carried forward -€117,634
down €117,634 (-84.4%), from -€139,442 to -€257,076
- Debts after one year +€104,488
up €104,488 (+8.6%), from €1.2m to €1.3m
of which Financial debts: +€103,718
- Current portion of long-term debt +€23,886
up €23,886 (+145.3%), from €16,437 to €40,323
- Depreciation -€87,534
down €87,534 (-48.6%), from €180,029 to €92,495
- Financial charges +€57,904
up €57,904 (+492.0%), from €11,768 to €69,672
- Other operating charges +€5,120
up €5,120 (+55.0%), from €9,317 to €14,436
- Gross operating margin -€1,905
down €1,905 (-3.1%), from €60,874 to €58,969
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 | €1,451,658 | €1,619,588 | +€167,930 | +11.6% |
| Fixed assets | 21/28 | €1,379,430 | €1,538,879 | +€159,449 | +11.6% |
| Tangible fixed assets | 22/27 | €1,379,430 | €1,538,879 | +€159,449 | +11.6% |
| Land and buildings | 22 | €1,373,763 | €1,530,880 | +€157,117 | +11.4% |
| Furniture and vehicles | 24 | €5,668 | €7,999 | +€2,332 | +41.1% |
| Current assets | 29/58 | €72,227 | €80,709 | +€8,481 | +11.7% |
| Amounts receivable after more than one year | 29 | €55,815 | €55,815 | = | 0.0% |
| Other amounts receivable | 291 | €55,815 | €55,815 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,568 | €1,341 | -€4,227 | -75.9% |
| Trade receivables | 40 | €2,363 | €0 | -€2,363 | -100.0% |
| Other amounts receivable | 41 | €3,205 | €1,341 | -€1,864 | -58.2% |
| Cash at bank and in hand | 54/58 | €4,623 | €8,519 | +€3,895 | +84.3% |
| Deferred charges and accrued income | 490/1 | €6,221 | €15,034 | +€8,813 | +141.7% |
| Total equity and liabilities | 10/49 | €1,451,658 | €1,619,588 | +€167,930 | +11.6% |
| Equity | 10/15 | -€73,180 | -€190,814 | -€117,634 | -160.7% |
| Contributions | 10/11 | €12,402 | €12,402 | = | 0.0% |
| Reserves | 13 | €53,860 | €53,860 | = | 0.0% |
| Distributable reserves | 133 | €53,860 | €53,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,442 | -€257,076 | -€117,634 | -84.4% |
| Amounts payable | 17/49 | €1,524,838 | €1,810,402 | +€285,564 | +18.7% |
| Amounts payable after more than one year | 17 | €1,212,431 | €1,316,919 | +€104,488 | +8.6% |
| Financial debts | 170/4 | €1,192,074 | €1,295,792 | +€103,718 | +8.7% |
| Other amounts payable | 178/9 | €20,357 | €21,127 | +€770 | +3.8% |
| Amounts payable within one year | 42/48 | €304,352 | €492,983 | +€188,631 | +62.0% |
| Current portion of amounts payable after more than one year | 42 | €16,437 | €40,323 | +€23,886 | +145.3% |
| Financial debts | 43 | €287,127 | €47,947 | -€239,180 | -83.3% |
| Credit institutions | 430/8 | €287,127 | €47,947 | -€239,180 | -83.3% |
| Trade debts | 44 | €788 | €8,148 | +€7,360 | +934.5% |
| Suppliers | 440/4 | €788 | €8,148 | +€7,360 | +934.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €396,565 | +€396,565 | |
| Accrued charges and deferred income | 492/3 | €8,055 | €500 | -€7,555 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,029 | €92,495 | -€87,534 | -48.6% |
| Other operating charges | 640/8 | €9,317 | €14,436 | +€5,120 | +55.0% |
| Gross operating margin | 9900 | €60,874 | €58,969 | -€1,905 | -3.1% |
| Operating profit (loss) | 9901 | -€128,472 | -€47,962 | +€80,509 | +62.7% |
| Financial income | 75/76B | €60 | €0 | -€60 | -100.0% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -100.0% |
| Financial charges | 65/66B | €11,768 | €69,672 | +€57,904 | +492.0% |
| Recurring financial charges | 65 | €11,768 | €69,672 | +€57,904 | +492.0% |
| Profit (loss) for the period before taxes | 9903 | -€140,180 | -€117,634 | +€22,546 | +16.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€140,180 | -€117,634 | +€22,546 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,180 | -€117,634 | +€22,546 | +16.1% |
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 28 September 2026 via checked.be.