Nams: 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.
Nams
Largest movements
- Receivables within one year -€22,263
down €22,263 (-61.2%), from €36,373 to €14,110
of which Trade receivables: -€22,225
- Cash +€11,373
up €11,373 (+224.6%), from €5,064 to €16,437
mainly Receivables within one year (+€22,263) and Depreciation (+€10,526)
- Deferred charges and accrued income +€1,874
new in 2025: €1,874
- Profit (loss) carried forward -€11,830
down €11,830 (-69.4%), from €17,046 to €5,216
- Other debts +€3,560
up €3,560 (+56.2%), from €6,329 to €9,889
- Debts after one year -€2,919
down €2,919 (-3.6%), from €80,851 to €77,932
- Gross operating margin -€10,999
down €10,999 (-68.4%), from €16,088 to €5,089
- Depreciation +€3,517
up €3,517 (+50.2%), from €7,009 to €10,526
- Taxes -€1,936
down €1,936 (-92.8%), from €2,086 to €151
- Financial charges +€516
up €516 (+10.6%), from €4,882 to €5,397
- Other operating charges -€259
down €259 (-23.5%), from €1,105 to €846
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 | €122,322 | €112,805 | -€9,517 | -7.8% |
| Fixed assets | 21/28 | €80,886 | €80,383 | -€503 | -0.6% |
| Tangible fixed assets | 22/27 | €80,886 | €80,383 | -€503 | -0.6% |
| Plant, machinery and equipment | 23 | €72,956 | €69,904 | -€3,052 | -4.2% |
| Furniture and vehicles | 24 | €6,639 | €9,519 | +€2,880 | +43.4% |
| Other tangible fixed assets | 26 | €1,292 | €960 | -€331 | -25.6% |
| Current assets | 29/58 | €41,437 | €32,422 | -€9,015 | -21.8% |
| Amounts receivable within one year | 40/41 | €36,373 | €14,110 | -€22,263 | -61.2% |
| Trade receivables | 40 | €36,336 | €14,110 | -€22,225 | -61.2% |
| Other amounts receivable | 41 | €37 | €0 | -€37 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,064 | €16,437 | +€11,373 | +224.6% |
| Deferred charges and accrued income | 490/1 | - | €1,874 | +€1,874 | |
| Total equity and liabilities | 10/49 | €122,322 | €112,805 | -€9,517 | -7.8% |
| Equity | 10/15 | €20,046 | €8,216 | -€11,830 | -59.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,046 | €5,216 | -€11,830 | -69.4% |
| Amounts payable | 17/49 | €102,276 | €104,589 | +€2,313 | +2.3% |
| Amounts payable after more than one year | 17 | €80,851 | €77,932 | -€2,919 | -3.6% |
| Financial debts | 170/4 | €80,851 | €77,932 | -€2,919 | -3.6% |
| Amounts payable within one year | 42/48 | €20,295 | €25,508 | +€5,213 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €2,796 | €2,919 | +€123 | +4.4% |
| Trade debts | 44 | €0 | €313 | +€313 | |
| Suppliers | 440/4 | €0 | €313 | +€313 | |
| Taxes, remuneration and social security | 45 | €11,171 | €12,387 | +€1,216 | +10.9% |
| Taxes | 450/3 | €11,171 | €12,387 | +€1,216 | +10.9% |
| Other amounts payable | 47/48 | €6,329 | €9,889 | +€3,560 | +56.2% |
| Accrued charges and deferred income | 492/3 | €1,130 | €1,149 | +€19 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,009 | €10,526 | +€3,517 | +50.2% |
| Other operating charges | 640/8 | €1,105 | €846 | -€259 | -23.5% |
| Gross operating margin | 9900 | €16,088 | €5,089 | -€10,999 | -68.4% |
| Operating profit (loss) | 9901 | €7,974 | -€6,282 | -€14,256 | |
| Financial charges | 65/66B | €4,882 | €5,397 | +€516 | +10.6% |
| Recurring financial charges | 65 | €4,882 | €5,397 | +€516 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €3,093 | -€11,680 | -€14,772 | |
| Income taxes | 67/77 | €2,086 | €151 | -€1,936 | -92.8% |
| Profit (loss) for the period | 9904 | €1,006 | -€11,830 | -€12,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,006 | -€11,830 | -€12,837 |
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.