NAMISTEAUX: 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.
NAMISTEAUX
Largest movements
- Receivables after one year +€80,000
new in 2025: €80,000
- Receivables within one year -€17,283
down €17,283 (-49.0%), from €35,271 to €17,988
- Current investments +€13,978
up €13,978 (+53.7%), from €26,022 to €40,001
- Cash -€10,386
down €10,386 (-58.5%), from €17,743 to €7,357
mainly Receivables after one year (-€80,000) and Current investments (-€13,978)
- Financial fixed assets +€2,500
new in 2025: €2,500
- Debts after one year +€50,805
new in 2025: €50,805
- Current portion of long-term debt +€12,201
new in 2025: €12,201
- Other debts +€7,830
up €7,830 (+873%), from €896 to €8,726
- Tax, wage and social debts -€2,579
down €2,579 (-39.2%), from €6,577 to €3,998
- Reserves +€2,208
up €2,208 (+3.3%), from €67,540 to €69,748
- Gross operating margin -€17,035
down €17,035 (-46.5%), from €36,652 to €19,618
- Taxes -€3,710
down €3,710 (-36.2%), from €10,255 to €6,545
- Depreciation +€840
up €840 (+186%), from €452 to €1,292
- Financial charges +€509
up €509 (+234%), from €217 to €726
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.
Derived cash bridge
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 | €81,609 | €151,895 | +€70,286 | +86.1% |
| Fixed assets | 21/28 | €2,573 | €6,223 | +€3,650 | +142% |
| Tangible fixed assets | 22/27 | €2,573 | €3,723 | +€1,150 | +44.7% |
| Furniture and vehicles | 24 | €468 | €2,045 | +€1,577 | +337% |
| Other tangible fixed assets | 26 | €2,106 | €1,678 | -€427 | -20.3% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €79,035 | €145,671 | +€66,636 | +84.3% |
| Amounts receivable after more than one year | 29 | - | €80,000 | +€80,000 | |
| Other amounts receivable | 291 | - | €80,000 | +€80,000 | |
| Amounts receivable within one year | 40/41 | €35,271 | €17,988 | -€17,283 | -49.0% |
| Trade receivables | 40 | €35,271 | €17,988 | -€17,283 | -49.0% |
| Current investments | 50/53 | €26,022 | €40,001 | +€13,978 | +53.7% |
| Cash at bank and in hand | 54/58 | €17,743 | €7,357 | -€10,386 | -58.5% |
| Deferred charges and accrued income | 490/1 | - | €326 | +€326 | |
| Total equity and liabilities | 10/49 | €81,609 | €151,895 | +€70,286 | +86.1% |
| Equity | 10/15 | €71,040 | €73,248 | +€2,208 | +3.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €67,540 | €69,748 | +€2,208 | +3.3% |
| Distributable reserves | 133 | €67,540 | €69,748 | +€2,208 | +3.3% |
| Amounts payable | 17/49 | €10,568 | €78,647 | +€68,078 | +644% |
| Amounts payable after more than one year | 17 | - | €50,805 | +€50,805 | |
| Financial debts | 170/4 | - | €50,805 | +€50,805 | |
| Amounts payable within one year | 42/48 | €10,568 | €27,842 | +€17,273 | +163% |
| Current portion of amounts payable after more than one year | 42 | - | €12,201 | +€12,201 | |
| Financial debts | 43 | €436 | €411 | -€26 | -5.9% |
| Credit institutions | 430/8 | €436 | €411 | -€26 | -5.9% |
| Trade debts | 44 | €2,658 | €2,505 | -€153 | -5.8% |
| Suppliers | 440/4 | €2,658 | €2,505 | -€153 | -5.8% |
| Taxes, remuneration and social security | 45 | €6,577 | €3,998 | -€2,579 | -39.2% |
| Taxes | 450/3 | €6,577 | €3,998 | -€2,579 | -39.2% |
| Other amounts payable | 47/48 | €896 | €8,726 | +€7,830 | +873% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452 | €1,292 | +€840 | +186% |
| Other operating charges | 640/8 | €638 | €324 | -€314 | -49.3% |
| Gross operating margin | 9900 | €36,652 | €19,618 | -€17,035 | -46.5% |
| Operating profit (loss) | 9901 | €35,562 | €18,002 | -€17,560 | -49.4% |
| Financial income | 75/76B | €112 | €300 | +€188 | +168% |
| Recurring financial income | 75 | €112 | €300 | +€188 | +168% |
| Financial charges | 65/66B | €217 | €726 | +€509 | +234% |
| Recurring financial charges | 65 | €217 | €726 | +€509 | +234% |
| Profit (loss) for the period before taxes | 9903 | €35,456 | €17,576 | -€17,880 | -50.4% |
| Income taxes | 67/77 | €10,255 | €6,545 | -€3,710 | -36.2% |
| Profit (loss) for the period | 9904 | €25,201 | €11,031 | -€14,170 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,201 | €11,031 | -€14,170 | -56.2% |
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 23 October 2026 via checked.be.