NAMUR COIF: 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.
NAMUR COIF
Largest movements
- Cash -€15,064
down €15,064 (-64.5%), from €23,339 to €8,275
mainly Debts after one year (-€9,169) and Net result for the year (-€5,781)
- Tangible fixed assets -€7,846
down €7,846 (-26.5%), from €29,641 to €21,796
of which Furniture and vehicles: -€7,030
- Stocks and contracts +€4,476
up €4,476 (+14.4%), from €31,192 to €35,668
- Deferred charges and accrued income +€3,641
up €3,641 (+76.0%), from €4,794 to €8,435
- Receivables within one year +€1,506
up €1,506 (+40.8%), from €3,689 to €5,194
of which Other amounts receivable: +€1,450
- Debts after one year -€9,169
down €9,169 (-51.3%), from €17,880 to €8,711
- Profit (loss) carried forward -€5,781
down €5,781 (-33.7%), from €17,133 to €11,352
- Gross operating margin -€14,971
down €14,971 (-11.1%), from €135,228 to €120,257
- Staff costs -€13,718
down €13,718 (-10.6%), from €128,973 to €115,255
- Depreciation +€6,273
up €6,273 (+399%), from €1,573 to €7,846
- Taxes -€1,450
down €1,450 (-90.0%), from €1,611 to €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.
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 | €101,234 | €87,948 | -€13,287 | -13.1% |
| Fixed assets | 21/28 | €38,222 | €30,376 | -€7,846 | -20.5% |
| Tangible fixed assets | 22/27 | €29,641 | €21,796 | -€7,846 | -26.5% |
| Plant, machinery and equipment | 23 | €1,220 | €925 | -€296 | -24.2% |
| Furniture and vehicles | 24 | €27,072 | €20,042 | -€7,030 | -26.0% |
| Other tangible fixed assets | 26 | €1,349 | €829 | -€520 | -38.6% |
| Financial fixed assets | 28 | €8,580 | €8,580 | = | 0.0% |
| Current assets | 29/58 | €63,013 | €57,572 | -€5,441 | -8.6% |
| Stocks and contracts in progress | 3 | €31,192 | €35,668 | +€4,476 | +14.4% |
| Stocks | 30/36 | €31,192 | €35,668 | +€4,476 | +14.4% |
| Amounts receivable within one year | 40/41 | €3,689 | €5,194 | +€1,506 | +40.8% |
| Trade receivables | 40 | €300 | €355 | +€55 | +18.4% |
| Other amounts receivable | 41 | €3,389 | €4,839 | +€1,450 | +42.8% |
| Cash at bank and in hand | 54/58 | €23,339 | €8,275 | -€15,064 | -64.5% |
| Deferred charges and accrued income | 490/1 | €4,794 | €8,435 | +€3,641 | +76.0% |
| Total equity and liabilities | 10/49 | €101,234 | €87,948 | -€13,287 | -13.1% |
| Equity | 10/15 | €42,551 | €36,770 | -€5,781 | -13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,218 | €19,218 | = | 0.0% |
| Distributable reserves | 133 | €19,218 | €19,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,133 | €11,352 | -€5,781 | -33.7% |
| Amounts payable | 17/49 | €58,683 | €51,177 | -€7,506 | -12.8% |
| Amounts payable after more than one year | 17 | €17,880 | €8,711 | -€9,169 | -51.3% |
| Financial debts | 170/4 | €17,880 | €8,711 | -€9,169 | -51.3% |
| Amounts payable within one year | 42/48 | €40,803 | €42,466 | +€1,663 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €12,479 | €13,270 | +€791 | +6.3% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €5,231 | €5,929 | +€698 | +13.3% |
| Suppliers | 440/4 | €5,231 | €5,929 | +€698 | +13.3% |
| Taxes, remuneration and social security | 45 | €18,108 | €18,266 | +€158 | +0.9% |
| Taxes | 450/3 | €4,157 | €3,959 | -€198 | -4.8% |
| Remuneration and social security | 454/9 | €13,951 | €14,307 | +€355 | +2.5% |
| Other amounts payable | 47/48 | €4,985 | €5,000 | +€15 | +0.3% |
| Non-recurring operating income | 76A | €248 | €0 | -€248 | -100% |
| Remuneration, social security and pensions | 62 | €128,973 | €115,255 | -€13,718 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,573 | €7,846 | +€6,273 | +399% |
| Other operating charges | 640/8 | €473 | €1,200 | +€727 | +154% |
| Gross operating margin | 9900 | €135,228 | €120,257 | -€14,971 | -11.1% |
| Operating profit (loss) | 9901 | €4,209 | -€4,044 | -€8,253 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €1,022 | €1,575 | +€553 | +54.1% |
| Recurring financial charges | 65 | €1,022 | €1,575 | +€553 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €3,189 | -€5,619 | -€8,808 | |
| Income taxes | 67/77 | €1,611 | €161 | -€1,450 | -90.0% |
| Profit (loss) for the period | 9904 | €1,578 | -€5,781 | -€7,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,578 | -€5,781 | -€7,358 |
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 29 October 2026 via checked.be.