NAMU ALL SERVICES: 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.
NAMU ALL SERVICES
Largest movements
- Cash -€68,340
down €68,340 (-20.4%), from €334,488 to €266,148
mainly Contributions, distributions and other (-€280,075) and Receivables within one year (-€8,783)
- Tangible fixed assets -€12,958
down €12,958 (-21.5%), from €60,155 to €47,197
of which Furniture and vehicles: -€11,290
- Current investments -€12,500
down €12,500 (-25.0%), from €50,000 to €37,500
- Receivables within one year +€8,783
up €8,783 (+35.1%), from €25,052 to €33,835
of which Trade receivables: +€13,090
- Reserves -€130,021
down €130,021 (-46.4%), from €280,075 to €150,054
- Other debts +€38,868
up €38,868 (+25.2%), from €154,248 to €193,116
- Tax, wage and social debts +€6,555
up €6,555 (+36.8%), from €17,789 to €24,345
of which Taxes: +€6,505
- Gross operating margin +€41,121
up €41,121 (+25.0%), from €164,809 to €205,930
- Taxes +€8,692
up €8,692 (+26.3%), from €33,027 to €41,720
- Financial income +€7,707
up €7,707 (+638%), from €1,208 to €8,915
- Depreciation +€4,340
up €4,340 (+50.4%), from €8,618 to €12,958
- Financial charges -€3,213
down €3,213 (-25.7%), from €12,482 to €9,269
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 | €470,428 | €386,355 | -€84,073 | -17.9% |
| Fixed assets | 21/28 | €60,155 | €47,197 | -€12,958 | -21.5% |
| Tangible fixed assets | 22/27 | €60,155 | €47,197 | -€12,958 | -21.5% |
| Plant, machinery and equipment | 23 | €3,699 | €3,027 | -€672 | -18.2% |
| Furniture and vehicles | 24 | €48,054 | €36,764 | -€11,290 | -23.5% |
| Other tangible fixed assets | 26 | €8,402 | €7,406 | -€997 | -11.9% |
| Current assets | 29/58 | €410,273 | €339,158 | -€71,114 | -17.3% |
| Amounts receivable within one year | 40/41 | €25,052 | €33,835 | +€8,783 | +35.1% |
| Trade receivables | 40 | €20,744 | €33,835 | +€13,090 | +63.1% |
| Other amounts receivable | 41 | €4,307 | - | -€4,307 | |
| Current investments | 50/53 | €50,000 | €37,500 | -€12,500 | -25.0% |
| Cash at bank and in hand | 54/58 | €334,488 | €266,148 | -€68,340 | -20.4% |
| Deferred charges and accrued income | 490/1 | €733 | €1,675 | +€943 | +129% |
| Total equity and liabilities | 10/49 | €470,428 | €386,355 | -€84,073 | -17.9% |
| Equity | 10/15 | €285,075 | €155,054 | -€130,021 | -45.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €280,075 | €150,054 | -€130,021 | -46.4% |
| Distributable reserves | 133 | €280,075 | €150,054 | -€130,021 | -46.4% |
| Amounts payable | 17/49 | €185,353 | €231,301 | +€45,948 | +24.8% |
| Amounts payable within one year | 42/48 | €172,935 | €222,168 | +€49,234 | +28.5% |
| Trade debts | 44 | €897 | €4,708 | +€3,811 | +425% |
| Suppliers | 440/4 | €897 | €4,708 | +€3,811 | +425% |
| Taxes, remuneration and social security | 45 | €17,789 | €24,345 | +€6,555 | +36.8% |
| Taxes | 450/3 | €14,369 | €20,875 | +€6,505 | +45.3% |
| Remuneration and social security | 454/9 | €3,420 | €3,470 | +€50 | +1.5% |
| Other amounts payable | 47/48 | €154,248 | €193,116 | +€38,868 | +25.2% |
| Accrued charges and deferred income | 492/3 | €12,418 | €9,133 | -€3,285 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,618 | €12,958 | +€4,340 | +50.4% |
| Other operating charges | 640/8 | €873 | €844 | -€29 | -3.3% |
| Gross operating margin | 9900 | €164,809 | €205,930 | +€41,121 | +25.0% |
| Operating profit (loss) | 9901 | €155,318 | €192,127 | +€36,809 | +23.7% |
| Financial income | 75/76B | €1,208 | €8,915 | +€7,707 | +638% |
| Recurring financial income | 75 | €1,208 | €8,915 | +€7,707 | +638% |
| Financial charges | 65/66B | €12,482 | €9,269 | -€3,213 | -25.7% |
| Recurring financial charges | 65 | €12,482 | €9,269 | -€3,213 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €144,043 | €191,773 | +€47,730 | +33.1% |
| Income taxes | 67/77 | €33,027 | €41,720 | +€8,692 | +26.3% |
| Profit (loss) for the period | 9904 | €111,016 | €150,054 | +€39,038 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,016 | €150,054 | +€39,038 | +35.2% |
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 16 October 2026 via checked.be.