NAMOP: 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.
NAMOP
Largest movements
- Receivables within one year -€63,205
down €63,205 (-78.2%), from €80,805 to €17,600
of which Trade receivables: -€65,523
- Stocks and contracts +€15,914
up €15,914 (+23.9%), from €66,650 to €82,564
- Cash +€13,772
up €13,772 (+53.2%), from €25,869 to €39,640
mainly Receivables within one year (+€63,205) and Other debts (+€46,454)
- Tangible fixed assets -€8,678
down €8,678 (-20.4%), from €42,486 to €33,808
of which Furniture and vehicles: -€4,696
- Profit (loss) carried forward -€84,635
down €84,635 (-75.4%), from -€112,230 to -€196,865
- Other debts +€46,454
up €46,454 (+42.1%), from €110,466 to €156,919
- Trade debts +€26,774
up €26,774 (+121.8%), from €21,983 to €48,758
- Tax, wage and social debts -€22,470
down €22,470 (-81.9%), from €27,422 to €4,952
of which Taxes: -€16,122
- Debts after one year -€7,810
down €7,810 (-5.5%), from €142,471 to €134,661
- Gross operating margin -€118,178
down €118,178, from €110,408 to -€7,771
- Staff costs -€15,326
down €15,326 (-21.5%), from €71,136 to €55,810
- Depreciation -€5,124
down €5,124 (-33.6%), from €15,260 to €10,136
- Financial income +€2,717
up €2,717 (+163.0%), from €1,667 to €4,384
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 | €233,241 | €191,345 | -€41,896 | -18.0% |
| Fixed assets | 21/28 | €58,038 | €49,083 | -€8,955 | -15.4% |
| Intangible fixed assets | 21 | €552 | €276 | -€276 | -50.1% |
| Tangible fixed assets | 22/27 | €42,486 | €33,808 | -€8,678 | -20.4% |
| Furniture and vehicles | 24 | €13,455 | €8,759 | -€4,696 | -34.9% |
| Other tangible fixed assets | 26 | €29,031 | €25,049 | -€3,982 | -13.7% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €175,203 | €142,261 | -€32,942 | -18.8% |
| Stocks and contracts in progress | 3 | €66,650 | €82,564 | +€15,914 | +23.9% |
| Stocks | 30/36 | €66,650 | €82,564 | +€15,914 | +23.9% |
| Amounts receivable within one year | 40/41 | €80,805 | €17,600 | -€63,205 | -78.2% |
| Trade receivables | 40 | €80,805 | €15,282 | -€65,523 | -81.1% |
| Other amounts receivable | 41 | - | €2,318 | +€2,318 | |
| Cash at bank and in hand | 54/58 | €25,869 | €39,640 | +€13,772 | +53.2% |
| Deferred charges and accrued income | 490/1 | €1,879 | €2,457 | +€578 | +30.7% |
| Total equity and liabilities | 10/49 | €233,241 | €191,345 | -€41,896 | -18.0% |
| Equity | 10/15 | -€92,230 | -€176,865 | -€84,635 | -91.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,230 | -€196,865 | -€84,635 | -75.4% |
| Amounts payable | 17/49 | €325,471 | €368,210 | +€42,739 | +13.1% |
| Amounts payable after more than one year | 17 | €142,471 | €134,661 | -€7,810 | -5.5% |
| Financial debts | 170/4 | €142,471 | €134,661 | -€7,810 | -5.5% |
| Amounts payable within one year | 42/48 | €182,999 | €233,548 | +€50,549 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €23,128 | €22,919 | -€208 | -0.9% |
| Trade debts | 44 | €21,983 | €48,758 | +€26,774 | +121.8% |
| Suppliers | 440/4 | €21,983 | €48,758 | +€26,774 | +121.8% |
| Taxes, remuneration and social security | 45 | €27,422 | €4,952 | -€22,470 | -81.9% |
| Taxes | 450/3 | €17,636 | €1,514 | -€16,122 | -91.4% |
| Remuneration and social security | 454/9 | €9,787 | €3,438 | -€6,349 | -64.9% |
| Other amounts payable | 47/48 | €110,466 | €156,919 | +€46,454 | +42.1% |
| Remuneration, social security and pensions | 62 | €71,136 | €55,810 | -€15,326 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,260 | €10,136 | -€5,124 | -33.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,517 | €6,723 | +€205 | +3.2% |
| Other operating charges | 640/8 | €1,457 | €1,848 | +€391 | +26.9% |
| Gross operating margin | 9900 | €110,408 | -€7,771 | -€118,178 | |
| Operating profit (loss) | 9901 | €16,038 | -€82,287 | -€98,325 | |
| Financial income | 75/76B | €1,667 | €4,384 | +€2,717 | +163.0% |
| Recurring financial income | 75 | €1,667 | €4,384 | +€2,717 | +163.0% |
| Financial charges | 65/66B | €5,879 | €6,409 | +€530 | +9.0% |
| Recurring financial charges | 65 | €5,879 | €6,409 | +€530 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €11,826 | -€84,312 | -€96,138 | |
| Income taxes | 67/77 | €289 | €323 | +€34 | +11.8% |
| Profit (loss) for the period | 9904 | €11,536 | -€84,635 | -€96,172 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,536 | -€84,635 | -€96,172 |
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.