IMMO NATHOWIL: 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.
IMMO NATHOWIL
Largest movements
- Tangible fixed assets -€22,188
down €22,188 (-7.3%), from €305,245 to €283,057
- Deferred charges and accrued income +€7,804
up €7,804 (+107%), from €7,310 to €15,114
- Debts after one year -€35,116
down €35,116 (-22.8%), from €154,041 to €118,926
- Other debts +€18,143
up €18,143 (+17.2%), from €105,610 to €123,753
- Accrued charges and deferred income +€6,301
up €6,301 (+108%), from €5,835 to €12,136
- Tax, wage and social debts -€4,506
down €4,506 (-68.2%), from €6,603 to €2,097
- Gross operating margin -€14,076
down €14,076 (-25.0%), from €56,254 to €42,177
- Taxes -€3,158
down €3,158 (-54.7%), from €5,774 to €2,616
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,580 | €421,699 | -€13,882 | -3.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €425,245 | €403,057 | -€22,188 | -5.2% |
| Tangible fixed assets | 22/27 | €305,245 | €283,057 | -€22,188 | -7.3% |
| Land and buildings | 22 | €305,245 | €283,057 | -€22,188 | -7.3% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €10,335 | €18,641 | +€8,306 | +80.4% |
| Amounts receivable within one year | 40/41 | €3,025 | €3,527 | +€502 | +16.6% |
| Trade receivables | 40 | €3,025 | €3,025 | = | 0.0% |
| Other amounts receivable | 41 | - | €502 | +€502 | |
| Deferred charges and accrued income | 490/1 | €7,310 | €15,114 | +€7,804 | +107% |
| Total equity and liabilities | 10/49 | €435,580 | €421,699 | -€13,882 | -3.2% |
| Equity | 10/15 | €121,076 | €122,770 | +€1,693 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,697 | €70,390 | +€1,693 | +2.5% |
| Distributable reserves | 133 | €68,697 | €70,390 | +€1,693 | +2.5% |
| Profit (loss) carried forward | 14 | €46,180 | €46,180 | = | 0.0% |
| Amounts payable | 17/49 | €314,504 | €298,929 | -€15,575 | -5.0% |
| Amounts payable after more than one year | 17 | €154,041 | €118,926 | -€35,116 | -22.8% |
| Financial debts | 170/4 | €154,041 | €118,926 | -€35,116 | -22.8% |
| Amounts payable within one year | 42/48 | €154,628 | €167,868 | +€13,240 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €36,793 | €37,991 | +€1,199 | +3.3% |
| Financial debts | 43 | €2,569 | €1,852 | -€716 | -27.9% |
| Credit institutions | 430/8 | €2,569 | €1,852 | -€716 | -27.9% |
| Trade debts | 44 | €3,054 | €2,174 | -€880 | -28.8% |
| Suppliers | 440/4 | €3,054 | €2,174 | -€880 | -28.8% |
| Taxes, remuneration and social security | 45 | €6,603 | €2,097 | -€4,506 | -68.2% |
| Taxes | 450/3 | €6,603 | €2,097 | -€4,506 | -68.2% |
| Other amounts payable | 47/48 | €105,610 | €123,753 | +€18,143 | +17.2% |
| Accrued charges and deferred income | 492/3 | €5,835 | €12,136 | +€6,301 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,188 | €22,188 | = | 0.0% |
| Other operating charges | 640/8 | €4,670 | €4,700 | +€30 | +0.6% |
| Gross operating margin | 9900 | €56,254 | €42,177 | -€14,076 | -25.0% |
| Operating profit (loss) | 9901 | €29,396 | €15,290 | -€14,106 | -48.0% |
| Financial charges | 65/66B | €11,424 | €10,981 | -€443 | -3.9% |
| Recurring financial charges | 65 | €11,424 | €10,981 | -€443 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €17,972 | €4,309 | -€13,663 | -76.0% |
| Income taxes | 67/77 | €5,774 | €2,616 | -€3,158 | -54.7% |
| Profit (loss) for the period | 9904 | €12,198 | €1,693 | -€10,505 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,198 | €1,693 | -€10,505 | -86.1% |
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 21 October 2026 via checked.be.