NAMUFOOD: 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.
What changed
NAMUFOOD
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€291,396
2024 · €367,936-€76,540
Equity
€1.3m
2024 · €1.1m+€236,396
Cash
€173,176
2024 · €145,710+€27,467
Balance sheet total
€4.1m
2024 · €3.8m+€275,844
Largest movements
Assets
- Financial fixed assets +€325,059
up €325,059 (+33.0%), from €984,560 to €1.3m
- Tangible fixed assets -€69,767
down €69,767 (-3.0%), from €2.3m to €2.3m
of which Plant, machinery and equipment: -€97,387
Equity and liabilities
- Reserves +€236,396
up €236,396 (+24.7%), from €956,554 to €1.2m
- Debts after one year -€172,072
down €172,072 (-9.3%), from €1.8m to €1.7m
- Other debts +€147,169
up €147,169 (+1017.2%), from €14,468 to €161,637
Income statement
- Gross operating margin -€77,592
down €77,592 (-7.7%), from €1.0m to €924,474
- Taxes -€30,791
down €30,791 (-22.4%), from €137,194 to €106,403
- Financial income -€27,600
down €27,600 (-24.9%), from €110,761 to €83,161
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.
Result 2024
€367,936
Gross operating margin
-€77,592
Staff costs
+€731
Depreciation
-€3,424
Other operating charges
-€1,015
Financial income
-€27,600
Financial charges
+€1,569
Taxes
+€30,791
Result 2025
€291,396
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.
From operations
+€691,646
Investment
-€444,316
Financing
-€219,863
Cash 2024
€145,710
From operations (derived)
+€691,646
Net result for the year
+€291,396
Depreciation
+€189,024
Stocks and contracts
+€12,023
Receivables within one year
-€5,615
Deferred charges and accrued income
+€507
Trade debts
+€31,026
Tax, wage and social debts
+€26,117
Other debts
+€147,169
Investment (derived)
-€444,316
Investment in fixed assets (net)
-€444,316
Financing
-€219,863
Debts after one year
-€172,072
Current portion of long-term debt
+€7,209
Contributions, distributions and other
-€55,000
Cash 2025
€173,176
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,841,067 | €4,116,911 | +€275,844 | +7.2% |
| Fixed assets | 21/28 | €3,326,456 | €3,581,748 | +€255,292 | +7.7% |
| Tangible fixed assets | 22/27 | €2,341,897 | €2,272,130 | -€69,767 | -3.0% |
| Land and buildings | 22 | €1,164,746 | €1,106,543 | -€58,203 | -5.0% |
| Plant, machinery and equipment | 23 | €1,176,886 | €1,079,500 | -€97,387 | -8.3% |
| Furniture and vehicles | 24 | €265 | €86,087 | +€85,822 | +32432.2% |
| Financial fixed assets | 28 | €984,560 | €1,309,619 | +€325,059 | +33.0% |
| Current assets | 29/58 | €514,611 | €535,163 | +€20,552 | +4.0% |
| Stocks and contracts in progress | 3 | €313,327 | €301,305 | -€12,023 | -3.8% |
| Stocks | 30/36 | €313,327 | €301,305 | -€12,023 | -3.8% |
| Amounts receivable within one year | 40/41 | €49,073 | €54,689 | +€5,615 | +11.4% |
| Trade receivables | 40 | €32,541 | €39,969 | +€7,427 | +22.8% |
| Other amounts receivable | 41 | €16,532 | €14,720 | -€1,812 | -11.0% |
| Cash at bank and in hand | 54/58 | €145,710 | €173,176 | +€27,467 | +18.9% |
| Deferred charges and accrued income | 490/1 | €6,500 | €5,993 | -€507 | -7.8% |
| Total equity and liabilities | 10/49 | €3,841,067 | €4,116,911 | +€275,844 | +7.2% |
| Equity | 10/15 | €1,085,271 | €1,321,667 | +€236,396 | +21.8% |
| Contributions | 10/11 | €128,717 | €128,717 | = | 0.0% |
| Reserves | 13 | €956,554 | €1,192,950 | +€236,396 | +24.7% |
| Distributable reserves | 133 | €956,554 | €1,192,950 | +€236,396 | +24.7% |
| Amounts payable | 17/49 | €2,755,795 | €2,795,244 | +€39,449 | +1.4% |
| Amounts payable after more than one year | 17 | €1,849,816 | €1,677,744 | -€172,072 | -9.3% |
| Trade debts | 175 | €1,849,816 | €1,677,744 | -€172,072 | -9.3% |
| Amounts payable within one year | 42/48 | €905,979 | €1,117,500 | +€211,521 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €249,696 | €256,906 | +€7,209 | +2.9% |
| Trade debts | 44 | €444,445 | €475,470 | +€31,026 | +7.0% |
| Suppliers | 440/4 | €444,445 | €475,470 | +€31,026 | +7.0% |
| Taxes, remuneration and social security | 45 | €197,370 | €223,487 | +€26,117 | +13.2% |
| Taxes | 450/3 | €137,826 | €158,092 | +€20,266 | +14.7% |
| Remuneration and social security | 454/9 | €59,544 | €65,395 | +€5,851 | +9.8% |
| Other amounts payable | 47/48 | €14,468 | €161,637 | +€147,169 | +1017.2% |
| Remuneration, social security and pensions | 62 | €347,941 | €347,210 | -€731 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,600 | €189,024 | +€3,424 | +1.8% |
| Other operating charges | 640/8 | €20,988 | €22,003 | +€1,015 | +4.8% |
| Gross operating margin | 9900 | €1,002,067 | €924,474 | -€77,592 | -7.7% |
| Operating profit (loss) | 9901 | €447,538 | €366,238 | -€81,300 | -18.2% |
| Financial income | 75/76B | €110,761 | €83,161 | -€27,600 | -24.9% |
| Recurring financial income | 75 | €110,761 | €83,161 | -€27,600 | -24.9% |
| Financial charges | 65/66B | €53,168 | €51,600 | -€1,569 | -3.0% |
| Recurring financial charges | 65 | €53,168 | €51,600 | -€1,569 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €505,130 | €397,799 | -€107,331 | -21.2% |
| Income taxes | 67/77 | €137,194 | €106,403 | -€30,791 | -22.4% |
| Profit (loss) for the period | 9904 | €367,936 | €291,396 | -€76,540 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €367,936 | €291,396 | -€76,540 | -20.8% |
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.