NAQUMI: what changed
NAQUMI
Largest movements
- Cash +€2,253
up €2,253 (+139%), from €1,622 to €3,874
mainly Net result for the year (+€4,758) and Depreciation (+€4,540)
- Receivables within one year +€2,000
up €2,000 (+6.4%), from €31,194 to €33,194
- Tangible fixed assets -€1,512
down €1,512 (-3.0%), from €50,876 to €49,364
- Reserves +€4,758
up €4,758 (+81.4%), from €5,845 to €10,603
of which Distributable reserves: +€4,758
- Trade debts -€2,018
no longer reported in 2025 (was €2,018)
- Taxes -€7,828
down €7,828, from €5,828 to -€2,000
- Gross operating margin +€3,277
up €3,277 (+62.5%), from €5,239 to €8,516
- Other operating charges +€258
up €258 (+27.8%), from €930 to €1,188
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,692 | €98,433 | +€2,741 | +2.9% |
| Fixed assets | 21/28 | €62,876 | €61,364 | -€1,512 | -2.4% |
| Tangible fixed assets | 22/27 | €50,876 | €49,364 | -€1,512 | -3.0% |
| Land and buildings | 22 | €50,876 | €49,364 | -€1,512 | -3.0% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €32,816 | €37,068 | +€4,253 | +13.0% |
| Amounts receivable within one year | 40/41 | €31,194 | €33,194 | +€2,000 | +6.4% |
| Trade receivables | 40 | €31,194 | €33,194 | +€2,000 | +6.4% |
| Cash at bank and in hand | 54/58 | €1,622 | €3,874 | +€2,253 | +139% |
| Total equity and liabilities | 10/49 | €95,692 | €98,433 | +€2,741 | +2.9% |
| Equity | 10/15 | €18,245 | €23,003 | +€4,758 | +26.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,845 | €10,603 | +€4,758 | +81.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,985 | €8,743 | +€4,758 | +119% |
| Amounts payable | 17/49 | €77,447 | €75,430 | -€2,018 | -2.6% |
| Amounts payable within one year | 42/48 | €77,447 | €75,430 | -€2,018 | -2.6% |
| Trade debts | 44 | €2,018 | - | -€2,018 | |
| Suppliers | 440/4 | €2,018 | - | -€2,018 | |
| Other amounts payable | 47/48 | €75,430 | €75,430 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,489 | €4,540 | +€50 | +1.1% |
| Other operating charges | 640/8 | €930 | €1,188 | +€258 | +27.8% |
| Gross operating margin | 9900 | €5,239 | €8,516 | +€3,277 | +62.5% |
| Operating profit (loss) | 9901 | -€180 | €2,788 | +€2,968 | |
| Financial charges | 65/66B | €37 | €30 | -€7 | -18.1% |
| Recurring financial charges | 65 | €37 | €30 | -€7 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€216 | €2,758 | +€2,975 | |
| Income taxes | 67/77 | €5,828 | -€2,000 | -€7,828 | |
| Profit (loss) for the period | 9904 | -€6,045 | €4,758 | +€10,803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,045 | €4,758 | +€10,803 |
Next steps
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 5 November 2026 via checked.be.