NAMUR CONSTRUCT & FRERE: 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 CONSTRUCT & FRERE
Largest movements
- Cash -€65,790
down €65,790 (-61.3%), from €107,315 to €41,525
mainly Tax, wage and social debts (-€50,530) and Stocks and contracts (-€29,087)
- Stocks and contracts +€29,087
new in 2025: €29,087
- Tangible fixed assets -€11,471
down €11,471 (-45.9%), from €24,991 to €13,520
- Tax, wage and social debts -€50,530
down €50,530 (-70.2%), from €71,935 to €21,406
of which Remuneration and social security: -€31,005
- Profit (loss) carried forward +€24,964
up €24,964 (+15.7%), from €158,625 to €183,590
- Other debts -€17,450
down €17,450 (-98.8%), from €17,663 to €213
- Debts after one year -€9,450
down €9,450 (-70.3%), from €13,439 to €3,990
- Advances received +€5,362
up €5,362 (+253%), from €2,119 to €7,481
- Staff costs -€28,820
down €28,820 (-6.4%), from €447,378 to €418,558
- Gross operating margin -€24,812
down €24,812 (-5.0%), from €493,117 to €468,305
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 | €284,606 | €237,010 | -€47,597 | -16.7% |
| Fixed assets | 21/28 | €77,041 | €65,570 | -€11,471 | -14.9% |
| Tangible fixed assets | 22/27 | €24,991 | €13,520 | -€11,471 | -45.9% |
| Furniture and vehicles | 24 | €24,991 | €13,520 | -€11,471 | -45.9% |
| Financial fixed assets | 28 | €52,050 | €52,050 | = | 0.0% |
| Current assets | 29/58 | €207,565 | €171,439 | -€36,126 | -17.4% |
| Stocks and contracts in progress | 3 | - | €29,087 | +€29,087 | |
| Contracts in progress | 37 | - | €29,087 | +€29,087 | |
| Amounts receivable within one year | 40/41 | €100,250 | €100,827 | +€577 | +0.6% |
| Trade receivables | 40 | €82,406 | €82,600 | +€193 | +0.2% |
| Other amounts receivable | 41 | €17,844 | €18,228 | +€384 | +2.2% |
| Cash at bank and in hand | 54/58 | €107,315 | €41,525 | -€65,790 | -61.3% |
| Total equity and liabilities | 10/49 | €284,606 | €237,010 | -€47,597 | -16.7% |
| Equity | 10/15 | €166,685 | €191,650 | +€24,964 | +15.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,625 | €183,590 | +€24,964 | +15.7% |
| Amounts payable | 17/49 | €117,921 | €45,360 | -€72,561 | -61.5% |
| Amounts payable after more than one year | 17 | €13,439 | €3,990 | -€9,450 | -70.3% |
| Financial debts | 170/4 | €13,439 | €3,990 | -€9,450 | -70.3% |
| Amounts payable within one year | 42/48 | €104,482 | €41,370 | -€63,112 | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €9,274 | €9,450 | +€175 | +1.9% |
| Trade debts | 44 | €3,490 | €2,820 | -€670 | -19.2% |
| Suppliers | 440/4 | €3,490 | €2,820 | -€670 | -19.2% |
| Advances received on contracts in progress | 46 | €2,119 | €7,481 | +€5,362 | +253% |
| Taxes, remuneration and social security | 45 | €71,935 | €21,406 | -€50,530 | -70.2% |
| Taxes | 450/3 | €22,097 | €2,573 | -€19,524 | -88.4% |
| Remuneration and social security | 454/9 | €49,838 | €18,833 | -€31,005 | -62.2% |
| Other amounts payable | 47/48 | €17,663 | €213 | -€17,450 | -98.8% |
| Non-recurring operating income | 76A | €2,404 | - | -€2,404 | |
| Remuneration, social security and pensions | 62 | €447,378 | €418,558 | -€28,820 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,784 | €11,471 | -€313 | -2.7% |
| Other operating charges | 640/8 | €2,204 | €1,069 | -€1,135 | -51.5% |
| Non-recurring operating charges | 66A | €4,339 | €4,641 | +€303 | +7.0% |
| Gross operating margin | 9900 | €493,117 | €468,305 | -€24,812 | -5.0% |
| Operating profit (loss) | 9901 | €27,412 | €32,565 | +€5,153 | +18.8% |
| Financial income | 75/76B | €2,347 | €2,746 | +€399 | +17.0% |
| Recurring financial income | 75 | €2,347 | €2,746 | +€399 | +17.0% |
| Financial charges | 65/66B | €522 | €347 | -€175 | -33.6% |
| Recurring financial charges | 65 | €522 | €347 | -€175 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €29,237 | €34,964 | +€5,727 | +19.6% |
| Income taxes | 67/77 | €9,613 | €10,000 | +€387 | +4.0% |
| Profit (loss) for the period | 9904 | €19,624 | €24,964 | +€5,340 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,624 | €24,964 | +€5,340 | +27.2% |
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 15 October 2026 via checked.be.