NAMITHEA: 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.
What changed
NAMITHEA
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€62,668
2024 · €40,958-€103,626
Equity
€156,306
2024 · €218,974-€62,668
Cash
€9
2024 · -+€9
Balance sheet total
€616,878
2024 · €614,197+€2,681
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year +€85,746
up €85,746 (+36.4%), from €235,752 to €321,498
- Reserves -€63,000
down €63,000 (-31.5%), from €200,000 to €137,000
- Other debts -€23,138
down €23,138 (-33.9%), from €68,332 to €45,194
Income statement
- Gross operating margin -€89,033
down €89,033, from €88,652 to -€381
- Write-downs +€31,023
new in 2025: €31,023
- Taxes -€15,232
down €15,232 (-94.4%), from €16,132 to €900
- Financial charges -€2,448
down €2,448 (-23.3%), from €10,509 to €8,062
- Depreciation +€1,290
up €1,290 (+6.7%), from €19,131 to €20,421
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.
Result 2024
€40,958
Gross operating margin
-€89,033
Depreciation
-€1,290
Write-downs
-€31,023
Other operating charges
-€209
Other operating items
+€202
Financial income
+€47
Financial charges
+€2,448
Taxes
+€15,232
Result 2025
-€62,668
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.
From operations
-€61,836
Investment
-€22,401
Financing
+€84,246
Cash 2024
€0
From operations (derived)
-€61,836
Net result for the year
-€62,668
Depreciation
+€20,421
Receivables within one year
+€1,715
Deferred charges and accrued income
-€2,406
Trade debts
+€2,555
Tax, wage and social debts
+€1,800
Other debts
-€23,138
Accrued charges and deferred income
-€114
Investment (derived)
-€22,401
Investment in fixed assets (net)
-€22,401
Financing
+€84,246
Debts after one year
+€85,746
Current portion of long-term debt
+€1,591
Short-term financial debts
-€3,091
Cash 2025
€9
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,197 | €616,878 | +€2,681 | +0.4% |
| Fixed assets | 21/28 | €588,220 | €590,200 | +€1,980 | +0.3% |
| Tangible fixed assets | 22/27 | €37,020 | €39,000 | +€1,980 | +5.3% |
| Furniture and vehicles | 24 | €37,020 | €39,000 | +€1,980 | +5.3% |
| Financial fixed assets | 28 | €551,200 | €551,200 | = | 0.0% |
| Current assets | 29/58 | €25,977 | €26,678 | +€701 | +2.7% |
| Amounts receivable within one year | 40/41 | €24,657 | €22,943 | -€1,715 | -7.0% |
| Trade receivables | 40 | - | €3,830 | +€3,830 | |
| Other amounts receivable | 41 | €24,657 | €19,113 | -€5,545 | -22.5% |
| Cash at bank and in hand | 54/58 | - | €9 | +€9 | |
| Deferred charges and accrued income | 490/1 | €1,320 | €3,726 | +€2,406 | +182.3% |
| Total equity and liabilities | 10/49 | €614,197 | €616,878 | +€2,681 | +0.4% |
| Equity | 10/15 | €218,974 | €156,306 | -€62,668 | -28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,000 | €137,000 | -€63,000 | -31.5% |
| Distributable reserves | 133 | €200,000 | €137,000 | -€63,000 | -31.5% |
| Profit (loss) carried forward | 14 | €374 | €706 | +€332 | +88.6% |
| Amounts payable | 17/49 | €395,223 | €460,572 | +€65,349 | +16.5% |
| Amounts payable after more than one year | 17 | €235,752 | €321,498 | +€85,746 | +36.4% |
| Financial debts | 170/4 | €235,752 | €321,498 | +€85,746 | +36.4% |
| Amounts payable within one year | 42/48 | €158,858 | €138,575 | -€20,283 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €67,383 | €68,974 | +€1,591 | +2.4% |
| Financial debts | 43 | €20,222 | €17,131 | -€3,091 | -15.3% |
| Credit institutions | 430/8 | €20,222 | €17,131 | -€3,091 | -15.3% |
| Trade debts | 44 | €2,921 | €5,476 | +€2,555 | +87.5% |
| Suppliers | 440/4 | €2,921 | €5,476 | +€2,555 | +87.5% |
| Taxes, remuneration and social security | 45 | - | €1,800 | +€1,800 | |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €68,332 | €45,194 | -€23,138 | -33.9% |
| Accrued charges and deferred income | 492/3 | €612 | €498 | -€114 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,131 | €20,421 | +€1,290 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,023 | +€31,023 | |
| Other operating charges | 640/8 | €1,675 | €1,884 | +€209 | +12.5% |
| Non-recurring operating charges | 66A | €247 | €45 | -€202 | -81.8% |
| Gross operating margin | 9900 | €88,652 | -€381 | -€89,033 | |
| Operating profit (loss) | 9901 | €67,599 | -€53,753 | -€121,353 | |
| Financial income | 75/76B | €0 | €47 | +€47 | +467300.0% |
| Recurring financial income | 75 | €0 | €47 | +€47 | +467300.0% |
| Financial charges | 65/66B | €10,509 | €8,062 | -€2,448 | -23.3% |
| Recurring financial charges | 65 | €10,509 | €8,062 | -€2,448 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €57,090 | -€61,768 | -€118,858 | |
| Income taxes | 67/77 | €16,132 | €900 | -€15,232 | -94.4% |
| Profit (loss) for the period | 9904 | €40,958 | -€62,668 | -€103,626 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,958 | -€62,668 | -€103,626 |
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 5 October 2026 via checked.be.