Dr. Cornelis Natasha: 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.
Dr. Cornelis Natasha
Largest movements
- Cash +€326,854
up €326,854 (+87.7%), from €372,527 to €699,381
mainly Other debts (+€238,399) and Net result for the year (+€112,657)
- Receivables within one year -€110,046
no longer reported in 2025 (was €110,046)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€35,425
down €35,425 (-9.1%), from €390,388 to €354,963
- Other debts +€238,399
up €238,399 (+974.2%), from €24,472 to €262,871
- Reserves -€122,096
down €122,096 (-15.5%), from €785,460 to €663,364
- Debts after one year -€32,332
down €32,332 (-24.7%), from €130,695 to €98,363
- Gross operating margin -€35,806
down €35,806 (-15.5%), from €230,669 to €194,863
- Taxes -€10,492
down €10,492 (-18.4%), from €56,968 to €46,476
- Financial income +€3,871
up €3,871 (+2998.7%), from €129 to €4,000
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 | €1,019,728 | €1,107,789 | +€88,061 | +8.6% |
| Fixed assets | 21/28 | €390,388 | €354,963 | -€35,425 | -9.1% |
| Tangible fixed assets | 22/27 | €390,388 | €354,963 | -€35,425 | -9.1% |
| Land and buildings | 22 | €323,866 | €314,393 | -€9,473 | -2.9% |
| Plant, machinery and equipment | 23 | €2,087 | €1,632 | -€455 | -21.8% |
| Furniture and vehicles | 24 | €48,095 | €35,715 | -€12,380 | -25.7% |
| Other tangible fixed assets | 26 | €16,339 | €3,222 | -€13,117 | -80.3% |
| Current assets | 29/58 | €629,341 | €752,826 | +€123,486 | +19.6% |
| Amounts receivable within one year | 40/41 | €110,046 | - | -€110,046 | |
| Other amounts receivable | 41 | €110,046 | - | -€110,046 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €372,527 | €699,381 | +€326,854 | +87.7% |
| Deferred charges and accrued income | 490/1 | €46,769 | €53,446 | +€6,677 | +14.3% |
| Total equity and liabilities | 10/49 | €1,019,728 | €1,107,789 | +€88,061 | +8.6% |
| Equity | 10/15 | €817,328 | €695,232 | -€122,096 | -14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €785,460 | €663,364 | -€122,096 | -15.5% |
| Distributable reserves | 133 | €785,460 | €663,364 | -€122,096 | -15.5% |
| Profit (loss) carried forward | 14 | €19,469 | €19,469 | = | 0.0% |
| Amounts payable | 17/49 | €202,400 | €412,556 | +€210,156 | +103.8% |
| Amounts payable after more than one year | 17 | €130,695 | €98,363 | -€32,332 | -24.7% |
| Financial debts | 170/4 | €130,695 | €98,363 | -€32,332 | -24.7% |
| Amounts payable within one year | 42/48 | €71,705 | €314,194 | +€242,488 | +338.2% |
| Current portion of amounts payable after more than one year | 42 | €32,107 | €32,332 | +€225 | +0.7% |
| Trade debts | 44 | €5,010 | €3,143 | -€1,867 | -37.3% |
| Suppliers | 440/4 | €5,010 | €3,143 | -€1,867 | -37.3% |
| Taxes, remuneration and social security | 45 | €10,116 | €15,848 | +€5,732 | +56.7% |
| Taxes | 450/3 | €6,930 | €12,628 | +€5,698 | +82.2% |
| Remuneration and social security | 454/9 | €3,187 | €3,220 | +€34 | +1.1% |
| Other amounts payable | 47/48 | €24,472 | €262,871 | +€238,399 | +974.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,159 | €35,425 | +€266 | +0.8% |
| Other operating charges | 640/8 | €1,560 | €1,395 | -€165 | -10.6% |
| Gross operating margin | 9900 | €230,669 | €194,863 | -€35,806 | -15.5% |
| Operating profit (loss) | 9901 | €193,949 | €158,043 | -€35,907 | -18.5% |
| Financial income | 75/76B | €129 | €4,000 | +€3,871 | +2998.7% |
| Recurring financial income | 75 | €129 | €4,000 | +€3,871 | +2998.7% |
| Financial charges | 65/66B | €1,374 | €2,910 | +€1,535 | +111.7% |
| Recurring financial charges | 65 | €1,374 | €2,910 | +€1,535 | +111.7% |
| Profit (loss) for the period before taxes | 9903 | €192,704 | €159,133 | -€33,571 | -17.4% |
| Income taxes | 67/77 | €56,968 | €46,476 | -€10,492 | -18.4% |
| Profit (loss) for the period | 9904 | €135,736 | €112,657 | -€23,079 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €135,736 | €112,657 | -€23,079 | -17.0% |
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 9 October 2026 via checked.be.