Namur Golf Academy: what changed
What changed
Namur Golf Academy
filed annual accounts (NBB)
Net result for the year
-€5,804
2024 · -€10,810+€5,007
Equity
€89,013
2024 · €94,817-€5,804
Cash
€151
2024 · €166-€15
Balance sheet total
€99,505
2024 · €103,535-€4,030
Largest movements
Assets
- Tangible fixed assets -€3,759
down €3,759 (-3.7%), from €102,746 to €98,987
Equity and liabilities
- Profit (loss) carried forward -€5,804
down €5,804 (-8.9%), from €65,124 to €59,320
- Debts after one year +€3,141
up €3,141 (+54.5%), from €5,760 to €8,901
- Trade debts -€1,768
down €1,768 (-83.4%), from €2,120 to €352
Income statement
- Gross operating margin +€1,858
up €1,858 (+56.8%), from -€3,274 to -€1,416
- Financial charges -€91
down €91 (-28.4%), from €321 to €230
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,810
Gross operating margin
+€1,858
Other operating charges
-€12
Other operating items
+€3,069
Financial income
+€1
Financial charges
+€91
Result 2025
-€5,804
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3,157
Investment
€0
Financing
+€3,141
Cash 2024
€166
From operations (derived)
-€3,157
Net result for the year
-€5,804
Depreciation
+€3,759
Receivables within one year
+€255
Trade debts
-€1,768
Accrued charges and deferred income
+€401
Financing
+€3,141
Debts after one year
+€3,141
Cash 2025
€151
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,535 | €99,505 | -€4,030 | -3.9% |
| Fixed assets | 21/28 | €102,746 | €98,987 | -€3,759 | -3.7% |
| Tangible fixed assets | 22/27 | €102,746 | €98,987 | -€3,759 | -3.7% |
| Land and buildings | 22 | €102,746 | €98,987 | -€3,759 | -3.7% |
| Current assets | 29/58 | €789 | €518 | -€271 | -34.3% |
| Amounts receivable within one year | 40/41 | €623 | €368 | -€255 | -41.0% |
| Other amounts receivable | 41 | €623 | €368 | -€255 | -41.0% |
| Cash at bank and in hand | 54/58 | €166 | €151 | -€15 | -9.3% |
| Total equity and liabilities | 10/49 | €103,535 | €99,505 | -€4,030 | -3.9% |
| Equity | 10/15 | €94,817 | €89,013 | -€5,804 | -6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,293 | €17,293 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,433 | €15,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,124 | €59,320 | -€5,804 | -8.9% |
| Amounts payable | 17/49 | €8,718 | €10,492 | +€1,774 | +20.3% |
| Amounts payable after more than one year | 17 | €5,760 | €8,901 | +€3,141 | +54.5% |
| Other amounts payable | 178/9 | €5,760 | €8,901 | +€3,141 | +54.5% |
| Amounts payable within one year | 42/48 | €2,120 | €352 | -€1,768 | -83.4% |
| Trade debts | 44 | €2,120 | €352 | -€1,768 | -83.4% |
| Suppliers | 440/4 | €2,120 | €352 | -€1,768 | -83.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €837 | €1,239 | +€401 | +47.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,759 | €3,759 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €3,069 | €0 | -€3,069 | -100% |
| Gross operating margin | 9900 | -€3,274 | -€1,416 | +€1,858 | +56.8% |
| Operating profit (loss) | 9901 | -€10,489 | -€5,574 | +€4,915 | +46.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €321 | €230 | -€91 | -28.4% |
| Recurring financial charges | 65 | €321 | €230 | -€91 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,810 | -€5,804 | +€5,007 | +46.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,810 | -€5,804 | +€5,007 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,810 | -€5,804 | +€5,007 | +46.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.