NAMU: 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.
NAMU
Largest movements
- Receivables within one year +€118,825
up €118,825 (+59.8%), from €198,580 to €317,405
of which Trade receivables: +€115,062
- Cash +€42,040
up €42,040 (+9156.6%), from €459 to €42,499
mainly Trade debts (+€182,584) and Depreciation (+€13,260)
- Tangible fixed assets -€12,517
down €12,517 (-26.9%), from €46,551 to €34,035
of which Furniture and vehicles: -€11,970
- Trade debts +€182,584
up €182,584 (+110123.2%), from €166 to €182,750
- Other debts -€36,984
down €36,984 (-16.6%), from €223,198 to €186,213
- Financial charges -€6,711
down €6,711 (-97.9%), from €6,854 to €143
- Depreciation -€2,110
down €2,110 (-13.7%), from €15,369 to €13,260
- Gross operating margin -€1,736
down €1,736 (-7.7%), from €22,646 to €20,910
- Taxes +€1,061
up €1,061 (+380.9%), from €279 to €1,340
- Other operating charges +€366
up €366 (+15.6%), from €2,339 to €2,705
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 | €246,717 | €395,159 | +€148,442 | +60.2% |
| Fixed assets | 21/28 | €46,551 | €34,035 | -€12,517 | -26.9% |
| Tangible fixed assets | 22/27 | €46,551 | €34,035 | -€12,517 | -26.9% |
| Plant, machinery and equipment | 23 | €3,757 | €3,210 | -€547 | -14.6% |
| Furniture and vehicles | 24 | €42,794 | €30,825 | -€11,970 | -28.0% |
| Current assets | 29/58 | €200,166 | €361,124 | +€160,959 | +80.4% |
| Amounts receivable within one year | 40/41 | €198,580 | €317,405 | +€118,825 | +59.8% |
| Trade receivables | 40 | €195,150 | €310,212 | +€115,062 | +59.0% |
| Other amounts receivable | 41 | €3,430 | €7,193 | +€3,763 | +109.7% |
| Cash at bank and in hand | 54/58 | €459 | €42,499 | +€42,040 | +9156.6% |
| Deferred charges and accrued income | 490/1 | €1,127 | €1,220 | +€93 | +8.3% |
| Total equity and liabilities | 10/49 | €246,717 | €395,159 | +€148,442 | +60.2% |
| Equity | 10/15 | €20,786 | €24,273 | +€3,487 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,950 | €21,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,973 | €4,973 | = | 0.0% |
| Distributable reserves | 133 | €16,977 | €16,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,764 | -€16,277 | +€3,487 | +17.6% |
| Amounts payable | 17/49 | €225,931 | €370,887 | +€144,956 | +64.2% |
| Amounts payable within one year | 42/48 | €225,931 | €370,887 | +€144,956 | +64.2% |
| Trade debts | 44 | €166 | €182,750 | +€182,584 | +110123.2% |
| Suppliers | 440/4 | €166 | €182,750 | +€182,584 | +110123.2% |
| Taxes, remuneration and social security | 45 | €2,568 | €1,923 | -€644 | -25.1% |
| Taxes | 450/3 | €2,568 | €1,923 | -€644 | -25.1% |
| Other amounts payable | 47/48 | €223,198 | €186,213 | -€36,984 | -16.6% |
| Non-recurring operating income | 76A | €15,410 | - | -€15,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,369 | €13,260 | -€2,110 | -13.7% |
| Other operating charges | 640/8 | €2,339 | €2,705 | +€366 | +15.6% |
| Gross operating margin | 9900 | €22,646 | €20,910 | -€1,736 | -7.7% |
| Operating profit (loss) | 9901 | €4,938 | €4,945 | +€8 | +0.2% |
| Financial income | 75/76B | €46 | €24 | -€22 | -48.5% |
| Recurring financial income | 75 | €46 | €24 | -€22 | -48.5% |
| Financial charges | 65/66B | €6,854 | €143 | -€6,711 | -97.9% |
| Recurring financial charges | 65 | €6,854 | €143 | -€6,711 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,870 | €4,826 | +€6,697 | |
| Income taxes | 67/77 | €279 | €1,340 | +€1,061 | +380.9% |
| Profit (loss) for the period | 9904 | -€2,149 | €3,487 | +€5,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,149 | €3,487 | +€5,636 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.