NAMURINTER: 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.
NAMURINTER
Largest movements
- Receivables within one year -€253,707
down €253,707 (-22.1%), from €1.1m to €895,552
of which Other amounts receivable: -€238,309
- Cash -€222,709
down €222,709 (-55.4%), from €401,760 to €179,051
mainly Trade debts (-€1.6m) and Net result for the year (-€991,766)
- Tangible fixed assets -€115,549
down €115,549 (-14.4%), from €802,291 to €686,742
of which Plant, machinery and equipment: -€69,222
- Stocks and contracts -€91,256
down €91,256 (-15.2%), from €600,903 to €509,647
- Debts after one year +€1.9m
up €1.9m (+442.5%), from €419,175 to €2.3m
of which Financial debts: +€1.9m
- Trade debts -€1.6m
down €1.6m (-65.5%), from €2.4m to €824,606
- Profit (loss) carried forward -€991,766
down €991,766, from €145,596 to -€846,170
- Current portion of long-term debt +€35,489
up €35,489 (+24.7%), from €143,539 to €179,027
- Turnover -€3.5m
down €3.5m (-21.5%), from €16.3m to €12.8m
- Purchases and services -€3.0m
down €3.0m (-19.5%), from €15.6m to €12.6m
- Gross operating margin -€490,761
down €490,761 (-45.4%), from €1.1m to €590,980
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,534,055 | €2,855,489 | -€678,566 | -19.2% |
| Formation expenses | 20 | €6,270 | €1,398 | -€4,873 | -77.7% |
| Fixed assets | 21/28 | €1,341,876 | €1,235,140 | -€106,736 | -8.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €802,291 | €686,742 | -€115,549 | -14.4% |
| Land and buildings | 22 | €376,313 | €323,369 | -€52,944 | -14.1% |
| Plant, machinery and equipment | 23 | €327,897 | €258,675 | -€69,222 | -21.1% |
| Furniture and vehicles | 24 | €98,081 | €104,698 | +€6,617 | +6.7% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €539,584 | €548,398 | +€8,813 | +1.6% |
| Current assets | 29/58 | €2,185,909 | €1,618,952 | -€566,958 | -25.9% |
| Stocks and contracts in progress | 3 | €600,903 | €509,647 | -€91,256 | -15.2% |
| Stocks | 30/36 | €600,903 | €509,647 | -€91,256 | -15.2% |
| Amounts receivable within one year | 40/41 | €1,149,258 | €895,552 | -€253,707 | -22.1% |
| Trade receivables | 40 | €704,257 | €688,860 | -€15,397 | -2.2% |
| Other amounts receivable | 41 | €445,001 | €206,692 | -€238,309 | -53.6% |
| Cash at bank and in hand | 54/58 | €401,760 | €179,051 | -€222,709 | -55.4% |
| Deferred charges and accrued income | 490/1 | €33,988 | €34,703 | +€715 | +2.1% |
| Total equity and liabilities | 10/49 | €3,534,055 | €2,855,489 | -€678,566 | -19.2% |
| Equity | 10/15 | €454,965 | -€536,801 | -€991,766 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €159,368 | €159,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,336 | €11,336 | = | 0.0% |
| Legal reserve | 130 | €11,336 | €11,336 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,833 | - | -€76,833 | |
| Distributable reserves | 133 | €71,200 | €148,033 | +€76,833 | +107.9% |
| Profit (loss) carried forward | 14 | €145,596 | -€846,170 | -€991,766 | |
| Amounts payable | 17/49 | €3,079,090 | €3,392,290 | +€313,200 | +10.2% |
| Amounts payable after more than one year | 17 | €419,175 | €2,274,120 | +€1.9m | +442.5% |
| Financial debts | 170/4 | €413,175 | €2,268,120 | +€1.9m | +448.9% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,659,453 | €1,117,244 | -€1.5m | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €143,539 | €179,027 | +€35,489 | +24.7% |
| Trade debts | 44 | €2,389,444 | €824,606 | -€1.6m | -65.5% |
| Suppliers | 440/4 | €2,389,444 | €824,606 | -€1.6m | -65.5% |
| Taxes, remuneration and social security | 45 | €126,470 | €113,611 | -€12,859 | -10.2% |
| Taxes | 450/3 | €2,559 | €240 | -€2,319 | -90.6% |
| Remuneration and social security | 454/9 | €123,911 | €113,371 | -€10,541 | -8.5% |
| Accrued charges and deferred income | 492/3 | €462 | €927 | +€464 | +100.3% |
| Turnover | 70 | €16,322,876 | €12,818,483 | -€3.5m | -21.5% |
| Non-recurring operating income | 76A | €780 | €19,105 | +€18,325 | +2349.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,606,536 | €12,557,687 | -€3.0m | -19.5% |
| Remuneration, social security and pensions | 62 | €1,251,728 | €1,107,521 | -€144,207 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,452 | €213,733 | +€15,281 | +7.7% |
| Other operating charges | 640/8 | €80,561 | €108,553 | +€27,992 | +34.7% |
| Non-recurring operating charges | 66A | €0 | €510 | +€510 | |
| Gross operating margin | 9900 | €1,081,741 | €590,980 | -€490,761 | -45.4% |
| Operating profit (loss) | 9901 | -€449,000 | -€839,337 | -€390,337 | -86.9% |
| Financial income | 75/76B | €22,123 | €18,599 | -€3,524 | -15.9% |
| Recurring financial income | 75 | €22,123 | €18,599 | -€3,524 | -15.9% |
| Financial charges | 65/66B | €141,839 | €170,788 | +€28,948 | +20.4% |
| Recurring financial charges | 65 | €109,588 | €150,658 | +€41,070 | +37.5% |
| Non-recurring financial charges | 66B | €32,251 | €20,130 | -€12,121 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | -€568,716 | -€991,526 | -€422,810 | -74.3% |
| Income taxes | 67/77 | €3,245 | €240 | -€3,005 | -92.6% |
| Profit (loss) for the period | 9904 | -€571,962 | -€991,766 | -€419,805 | -73.4% |
| Transfer from tax-exempt reserves | 789 | - | €76,833 | +€76,833 | |
| Profit (loss) for the period to be appropriated | 9905 | -€571,962 | -€914,934 | -€342,972 | -60.0% |
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 10 October 2026 via checked.be.