NAMVET: 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.
NAMVET
Largest movements
- Tangible fixed assets -€20,380
down €20,380 (-29.2%), from €69,813 to €49,433
of which Furniture and vehicles: -€20,227
- Cash +€12,671
up €12,671 (+307%), from €4,129 to €16,799
mainly Net result for the year (+€22,801) and Depreciation (+€20,587)
- Receivables within one year +€1,947
up €1,947 (+8.4%), from €23,187 to €25,135
of which Other amounts receivable: +€2,382
- Deferred charges and accrued income +€1,645
up €1,645 (+100%), from €1,644 to €3,290
- Profit (loss) carried forward +€22,801
up €22,801 (+164%), from €13,874 to €36,676
- Debts after one year -€20,190
down €20,190 (-39.1%), from €51,692 to €31,502
- Trade debts -€7,775
down €7,775 (-84.5%), from €9,203 to €1,427
- Gross operating margin +€40,349
up €40,349 (+279%), from €14,460 to €54,809
- Taxes +€7,870
up €7,870 (+3,149%), from €250 to €8,120
- Financial charges -€747
down €747 (-23.6%), from €3,159 to €2,413
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 | €99,374 | €95,257 | -€4,117 | -4.1% |
| Fixed assets | 21/28 | €70,413 | €50,033 | -€20,380 | -28.9% |
| Tangible fixed assets | 22/27 | €69,813 | €49,433 | -€20,380 | -29.2% |
| Plant, machinery and equipment | 23 | €731 | €578 | -€153 | -20.9% |
| Furniture and vehicles | 24 | €69,083 | €48,855 | -€20,227 | -29.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €28,960 | €45,224 | +€16,263 | +56.2% |
| Amounts receivable within one year | 40/41 | €23,187 | €25,135 | +€1,947 | +8.4% |
| Trade receivables | 40 | €7,712 | €7,277 | -€435 | -5.6% |
| Other amounts receivable | 41 | €15,476 | €17,858 | +€2,382 | +15.4% |
| Cash at bank and in hand | 54/58 | €4,129 | €16,799 | +€12,671 | +307% |
| Deferred charges and accrued income | 490/1 | €1,644 | €3,290 | +€1,645 | +100% |
| Total equity and liabilities | 10/49 | €99,374 | €95,257 | -€4,117 | -4.1% |
| Equity | 10/15 | €16,274 | €39,076 | +€22,801 | +140% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,874 | €36,676 | +€22,801 | +164% |
| Amounts payable | 17/49 | €83,099 | €56,181 | -€26,918 | -32.4% |
| Amounts payable after more than one year | 17 | €51,692 | €31,502 | -€20,190 | -39.1% |
| Financial debts | 170/4 | €51,692 | €31,502 | -€20,190 | -39.1% |
| Amounts payable within one year | 42/48 | €31,407 | €24,679 | -€6,728 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €19,407 | €20,190 | +€783 | +4.0% |
| Trade debts | 44 | €9,203 | €1,427 | -€7,775 | -84.5% |
| Suppliers | 440/4 | €9,203 | €1,427 | -€7,775 | -84.5% |
| Taxes, remuneration and social security | 45 | €2,797 | €3,061 | +€264 | +9.4% |
| Taxes | 450/3 | €2,797 | €3,061 | +€264 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,794 | €20,587 | -€207 | -1.0% |
| Other operating charges | 640/8 | €396 | €528 | +€132 | +33.4% |
| Non-recurring operating charges | 66A | - | €360 | +€360 | |
| Gross operating margin | 9900 | €14,460 | €54,809 | +€40,349 | +279% |
| Operating profit (loss) | 9901 | -€6,730 | €33,334 | +€40,064 | |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €3,159 | €2,413 | -€747 | -23.6% |
| Recurring financial charges | 65 | €3,159 | €2,413 | -€747 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,870 | €30,922 | +€40,791 | |
| Income taxes | 67/77 | €250 | €8,120 | +€7,870 | +3,149% |
| Profit (loss) for the period | 9904 | -€10,120 | €22,801 | +€32,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,120 | €22,801 | +€32,921 |
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 17 October 2026 via checked.be.