New Amsterdam Invest N.V. Netherlands
07.08.2025 - 18:09:06New Amsterdam Invest N.V. annual results and annual report 2024
as at 31 December 2024
(*€1,000)
31 December 2024
31 December 2023
Assets
Non-current assets
Investment property
128,664
77,416
Property, plant and equipment
3
7
Deferred tax assets
402
735
Total non-current assets
129,069
78,158
Current assets
Accounts receivable
769
516
Value added tax receivable
360
10
Current account investors
-
130
Other assets and prepaid expenses
1,027
146
Cash and cash equivalents
5,097
5,490
Total current assets
7,253
6,292
Total assets
136,322
84,450
1. Statement of Consolidated Financial Position
as at 31 December 2024
(*€ 1,000)
31 December
2024
31 December
2023
Equity and Liabilities
Equity
Share capital
247
247
Share premium
49,172
49,762
Currency translation reserve
1,676
-610
Legal reserves
868
-
General reserves
-5,989
-5,970
Attributable to owners of the parent
45,974
43,430
Non-controlling interest
8,773
840
Total equity
54,747
44,270
Non-current liabilities
Loans bank
63,720
35,393
Loans related party USA
5,072
-
Deferred tax liability
1,252
116
Total non-current liabilities
70,044
35,509
Current liabilities
Trade payables
425
136
Tax liabilities
2,049
105
Current account related party
337
-
Deferred rental income
1,179
760
Loans bank
408
-
Loans related party USA
2,340
2,201
Other short-term liabilities
4,793
1,469
Total current liabilities
11,531
4,671
Total liabilities
81,575
40,180
Total equity and liabilities
136,322
84,450
2. Statement of Consolidated Profit or Loss
for the year ended 31 December 2024
(*€1,000)
2024
2023
Rental income
11,112
4,586
Direct related costs
-3,560
-861
Net Rental income
7,552
3,725
Revaluation of investment property
3,517
-4,929
Legal and professional fees
322
1,137
Personnel expenses
826
665
Administrative and overhead expenses
488
708
General expenses
298
256
Other expenses
-276
852
Total expenses
1,658
3,618
Operating result
9,411
-4,823
Financial income and expense
-2,633
-578
Result before tax
6,778
-5,401
Income tax
-1,622
605
Result for the period
5,156
-4,796
Result attributable to:
Shareholders
2,647
-4,907
Non-controlling interest
2,509
111
Result for the period
5,156
-4,796
Basic earnings per share (*€1)
0.51
-0.97
Diluted earnings per share (*€1)
0.51
-0.97
3. Statement of Consolidated Comprehensive Income
for the year ended 31 December 2024
(*€1,000)
2024
2023
Result for the period
5,156
-4,796
Items which may be recycled to profit or loss (net of tax)
Exchange differences
2,674
-693
Total comprehensive income
7,830
-5,489
Attributable to:
Shareholders
4,933
-5,517
Non-controlling interest
2,897
28
Total comprehensive income
7,830
-5,489
4. Statement of Consolidated Cash Flows
for the year ended 31 December 2024
(*€1,000)
2024
2023
Operating activities
Result before tax
6,778
-5,401
Adjustments
Depreciation
5
7
Share-based payment expense
-
84
Reversal of impairment on VAT receivable
-330
-
Revaluation of investment property
-3,517
4,929
Interest income and expense
2,795
537
Total adjustments
-1,047
5,557
Changes in working capital
Increase in current liabilities
44
1,123
Decrease/(increase) in current assets excluding cash and cash equivalents
-610
152
Increase/(decrease) in trade payables
518
-61
Total changes in working capital
-48
1,214
Cash generated from/(used in) operations
5,683
1,370
Interest paid
-2,637
-816
Interest received
78
514
Income taxes paid
-
-
Cash flow from operating activities
3,124
1,068
Investing activities
Investments in investment property, net of cash acquired
-1,338
-54,093
Investments in property, plant and equipment
-1
-1
Release from escrow account
-
48,437
Cash flow from investing activities
-1,339
-5,657
Financing activities
Proceeds from additional promoter contribution
-
335
Repayment of current account related party
-
-104
Proceeds from loans
530
33,827
Repayment of loans
-261
-23,956
Dividends paid
-2,019
-
Distribution to non-controlling interest
-415
-
Cash flow from financing activities
-2,166
10,102
Movement Cash and cash equivalents
-381
5,513
Cash and cash equivalents as at 1 January
5,490
16
Exchange differences
-12
-39
Cash and cash equivalents as at 31 December
5,097
5,490
5. Statement of Consolidated Changes in Equity
for the year ended 31 December 2024
(*€1,000)
Share
capital
Share
premium
Currency
Translation
Reserve
Legal
reserves
General
reserve
Total
attributable to
shareholders
Non-controlling
interest
Total
Equity
247
49,762
-610
-5,970
43,430
840
44,270
Balance at 31 December 2023
-
Result for the year
-
-
-
-
2,647
2,647
2,509
5,156
Other comprehensive income
-
-
2,286
-
-
2,286
388
2,674
Total comprehensive income
-
-
2,286
-
2,647
4,933
2,897
7,830
Non-controlling interest acquired
-
-
-
-
-
-
4,015
4,015
Transfer to legal reserves
-
-
-
868
-868
-
-
-
Dividend
-
-590
-
-
-1,769
-2,359
-
-2,359
Share-based payment
-
-
-
-
-
-
1,436
1,436
Distribution to non-controlling interest
-
-
-
-
-
-
-415
-415
Other
-
-
-
-
-30
-30
-
-30
Balance at 31 December 2024
247
49,172
1,676
868
-5,989
45,974
8,773
54,747
5 Statement of Consolidated Changes in Equity
for the year ended 31 December 2023
(*€1,000)
Share
capital
Share
premium
Currency
Translation
Reserve
General
reserve
Total
attributable to
shareholders
Non-controlling
interest
Total
Equity
247
49,419
-
-1,146
48,520
-
48,520
Balance at 31 December 2022
Result for the year
-
-
-
-4,907
-4,907
111
-4,796
Other comprehensive income
-
-
-610
-
-610
-83
-693
Total comprehensive income
-
-
-610
-4,907
-5,517
28
-5,489
Non-controlling interest acquired
-
-
-
-
-
812
812
Additional promoter contribution
-
343
-
-
343
-
343
Equity settled share-based payments
-
-
-
84
84
-
84
Balance at 31 December 2023
247
49,762
-610
-5,970
43,430
840
44,270
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