NAMOR: 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.
NAMOR
Largest movements
- Stocks and contracts -€15,451
down €15,451 (-7.6%), from €202,451 to €187,000
- Receivables within one year +€5,424
up €5,424 (+1,917%), from €283 to €5,707
of which Other amounts receivable: +€5,707
- Cash +€2,658
up €2,658 (+779%), from €341 to €2,999
mainly Tax, wage and social debts (+€21,416) and Stocks and contracts (+€15,451)
- Trade debts -€35,101
down €35,101 (-36.8%), from €95,412 to €60,311
- Tax, wage and social debts +€21,416
up €21,416 (+393%), from €5,447 to €26,863
of which Remuneration and social security: +€11,178
- Profit (loss) carried forward +€7,227
up €7,227 (+344%), from €2,100 to €9,327
- Gross operating margin +€4,816
up €4,816 (+90.6%), from €5,317 to €10,133
- Other operating charges -€1,715
down €1,715 (-89.2%), from €1,923 to €208
- Financial charges +€1,308
up €1,308 (+126%), from €1,041 to €2,349
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 | €217,181 | €210,722 | -€6,459 | -3.0% |
| Fixed assets | 21/28 | €14,106 | €15,016 | +€910 | +6.5% |
| Tangible fixed assets | 22/27 | €14,106 | €15,016 | +€910 | +6.5% |
| Plant, machinery and equipment | 23 | €13,266 | €14,176 | +€910 | +6.9% |
| Furniture and vehicles | 24 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €203,075 | €195,706 | -€7,369 | -3.6% |
| Stocks and contracts in progress | 3 | €202,451 | €187,000 | -€15,451 | -7.6% |
| Stocks | 30/36 | €202,451 | €187,000 | -€15,451 | -7.6% |
| Amounts receivable within one year | 40/41 | €283 | €5,707 | +€5,424 | +1,917% |
| Trade receivables | 40 | €283 | - | -€283 | |
| Other amounts receivable | 41 | - | €5,707 | +€5,707 | |
| Cash at bank and in hand | 54/58 | €341 | €2,999 | +€2,658 | +779% |
| Total equity and liabilities | 10/49 | €217,181 | €210,722 | -€6,459 | -3.0% |
| Equity | 10/15 | €72,100 | €79,327 | +€7,227 | +10.0% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,100 | €9,327 | +€7,227 | +344% |
| Amounts payable | 17/49 | €145,081 | €131,395 | -€13,686 | -9.4% |
| Amounts payable within one year | 42/48 | €145,081 | €131,395 | -€13,686 | -9.4% |
| Trade debts | 44 | €95,412 | €60,311 | -€35,101 | -36.8% |
| Suppliers | 440/4 | €95,412 | €60,311 | -€35,101 | -36.8% |
| Taxes, remuneration and social security | 45 | €5,447 | €26,863 | +€21,416 | +393% |
| Taxes | 450/3 | €5,447 | €15,685 | +€10,238 | +188% |
| Remuneration and social security | 454/9 | - | €11,178 | +€11,178 | |
| Other amounts payable | 47/48 | €44,222 | €44,221 | -€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €253 | €349 | +€96 | +37.9% |
| Other operating charges | 640/8 | €1,923 | €208 | -€1,715 | -89.2% |
| Gross operating margin | 9900 | €5,317 | €10,133 | +€4,816 | +90.6% |
| Operating profit (loss) | 9901 | €3,141 | €9,576 | +€6,435 | +205% |
| Financial charges | 65/66B | €1,041 | €2,349 | +€1,308 | +126% |
| Recurring financial charges | 65 | €1,041 | €2,349 | +€1,308 | +126% |
| Profit (loss) for the period before taxes | 9903 | €2,100 | €7,227 | +€5,127 | +244% |
| Profit (loss) for the period | 9904 | €2,100 | €7,227 | +€5,127 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €2,100 | €7,227 | +€5,127 | +244% |
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 27 October 2026 via checked.be.