LE NAUTY: what changed
Two fiscal 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.
LE NAUTY
Largest movements
- Receivables within one year +€11,990
up €11,990 (+410.9%), from €2,918 to €14,907
of which Trade receivables: +€11,990
- Cash +€11,811
up €11,811 (+77.8%), from €15,175 to €26,987
mainly Net result for the year (+€8,011) and Other debts (+€5,548)
- Stocks and contracts -€4,818
down €4,818 (-60.8%), from €7,920 to €3,102
- Tangible fixed assets -€1,935
down €1,935 (-13.3%), from €14,578 to €12,644
of which Other tangible fixed assets: -€1,507
- Profit (loss) carried forward +€8,011
up €8,011 (+8.4%), from -€95,200 to -€87,189
- Other debts +€5,548
up €5,548 (+6.1%), from €91,563 to €97,110
- Tax, wage and social debts +€2,392
up €2,392 (+83.2%), from €2,874 to €5,266
of which Taxes: +€2,119
- Trade debts +€954
up €954 (+2.4%), from €40,411 to €41,365
- Gross operating margin +€51,916
up €51,916, from -€29,770 to €22,145
- Purchases and services -€39,881
down €39,881 (-18.6%), from €214,792 to €174,911
- Other operating charges +€2,690
up €2,690 (+57.7%), from €4,658 to €7,348
- Financial charges +€1,874
up €1,874 (+72.0%), from €2,603 to €4,477
- Staff costs +€374
new in 2025: €374
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 | €41,148 | €58,053 | +€16,905 | +41.1% |
| Fixed assets | 21/28 | €14,578 | €12,644 | -€1,935 | -13.3% |
| Tangible fixed assets | 22/27 | €14,578 | €12,644 | -€1,935 | -13.3% |
| Plant, machinery and equipment | 23 | €1,541 | €1,114 | -€427 | -27.7% |
| Other tangible fixed assets | 26 | €13,037 | €11,530 | -€1,507 | -11.6% |
| Current assets | 29/58 | €26,569 | €45,409 | +€18,840 | +70.9% |
| Stocks and contracts in progress | 3 | €7,920 | €3,102 | -€4,818 | -60.8% |
| Stocks | 30/36 | €7,920 | €3,102 | -€4,818 | -60.8% |
| Amounts receivable within one year | 40/41 | €2,918 | €14,907 | +€11,990 | +410.9% |
| Trade receivables | 40 | €2,423 | €14,412 | +€11,990 | +494.9% |
| Other amounts receivable | 41 | €495 | €495 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,175 | €26,987 | +€11,811 | +77.8% |
| Deferred charges and accrued income | 490/1 | €556 | €413 | -€143 | -25.7% |
| Total equity and liabilities | 10/49 | €41,148 | €58,053 | +€16,905 | +41.1% |
| Equity | 10/15 | -€93,700 | -€85,689 | +€8,011 | +8.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,200 | -€87,189 | +€8,011 | +8.4% |
| Amounts payable | 17/49 | €134,848 | €143,742 | +€8,894 | +6.6% |
| Amounts payable within one year | 42/48 | €134,848 | €143,742 | +€8,894 | +6.6% |
| Trade debts | 44 | €40,411 | €41,365 | +€954 | +2.4% |
| Suppliers | 440/4 | €40,411 | €41,365 | +€954 | +2.4% |
| Taxes, remuneration and social security | 45 | €2,874 | €5,266 | +€2,392 | +83.2% |
| Taxes | 450/3 | €2,874 | €4,993 | +€2,119 | +73.7% |
| Remuneration and social security | 454/9 | - | €273 | +€273 | |
| Other amounts payable | 47/48 | €91,563 | €97,110 | +€5,548 | +6.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €214,792 | €174,911 | -€39,881 | -18.6% |
| Remuneration, social security and pensions | 62 | - | €374 | +€374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,935 | €1,935 | = | 0.0% |
| Other operating charges | 640/8 | €4,658 | €7,348 | +€2,690 | +57.7% |
| Non-recurring operating charges | 66A | €2,050 | - | -€2,050 | |
| Gross operating margin | 9900 | -€29,770 | €22,145 | +€51,916 | |
| Operating profit (loss) | 9901 | -€38,413 | €12,489 | +€50,902 | |
| Financial charges | 65/66B | €2,603 | €4,477 | +€1,874 | +72.0% |
| Recurring financial charges | 65 | €2,603 | €4,477 | +€1,874 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,017 | €8,011 | +€49,028 | |
| Profit (loss) for the period | 9904 | -€41,017 | €8,011 | +€49,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,017 | €8,011 | +€49,028 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.