Lo naturel: 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.
Lo naturel
Largest movements
- Tangible fixed assets +€17,192
new in 2025: €17,192
of which Furniture and vehicles: +€14,369
- Receivables within one year -€10,859
down €10,859 (-45.3%), from €23,990 to €13,131
- Cash +€3,439
up €3,439 (+71.4%), from €4,816 to €8,255
mainly Debts after one year (+€11,387) and Receivables within one year (+€10,859)
- Deferred charges and accrued income +€1,769
new in 2025: €1,769
- Debts after one year +€11,387
new in 2025: €11,387
- Trade debts -€9,045
down €9,045 (-54.3%), from €16,658 to €7,613
- Profit (loss) carried forward +€5,240
up €5,240 (+175%), from €2,995 to €8,235
- Current portion of long-term debt +€3,481
new in 2025: €3,481
- Accrued charges and deferred income -€2,010
no longer reported in 2025 (was €2,010)
- Gross operating margin +€9,822
up €9,822 (+61.4%), from €15,990 to €25,813
- Other operating charges -€8,385
down €8,385 (-69.8%), from €12,005 to €3,620
- Financial charges +€3,025
new in 2025: €3,025
- Taxes +€1,522
up €1,522 (+154%), from €990 to €2,512
- Depreciation +€426
new in 2025: €426
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
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 | €28,806 | €40,346 | +€11,540 | +40.1% |
| Fixed assets | 21/28 | - | €17,192 | +€17,192 | |
| Tangible fixed assets | 22/27 | - | €17,192 | +€17,192 | |
| Furniture and vehicles | 24 | - | €14,369 | +€14,369 | |
| Other tangible fixed assets | 26 | - | €2,823 | +€2,823 | |
| Current assets | 29/58 | €28,806 | €23,155 | -€5,651 | -19.6% |
| Amounts receivable within one year | 40/41 | €23,990 | €13,131 | -€10,859 | -45.3% |
| Trade receivables | 40 | €23,990 | €13,131 | -€10,859 | -45.3% |
| Cash at bank and in hand | 54/58 | €4,816 | €8,255 | +€3,439 | +71.4% |
| Deferred charges and accrued income | 490/1 | - | €1,769 | +€1,769 | |
| Total equity and liabilities | 10/49 | €28,806 | €40,346 | +€11,540 | +40.1% |
| Equity | 10/15 | €5,995 | €11,235 | +€5,240 | +87.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,995 | €8,235 | +€5,240 | +175% |
| Amounts payable | 17/49 | €22,811 | €29,111 | +€6,300 | +27.6% |
| Amounts payable after more than one year | 17 | - | €11,387 | +€11,387 | |
| Financial debts | 170/4 | - | €11,387 | +€11,387 | |
| Amounts payable within one year | 42/48 | €20,801 | €17,724 | -€3,076 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,481 | +€3,481 | |
| Trade debts | 44 | €16,658 | €7,613 | -€9,045 | -54.3% |
| Suppliers | 440/4 | €16,658 | €7,613 | -€9,045 | -54.3% |
| Taxes, remuneration and social security | 45 | €2,282 | €4,168 | +€1,887 | +82.7% |
| Taxes | 450/3 | €2,282 | €4,168 | +€1,887 | +82.7% |
| Other amounts payable | 47/48 | €1,861 | €2,462 | +€601 | +32.3% |
| Accrued charges and deferred income | 492/3 | €2,010 | - | -€2,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €426 | +€426 | |
| Other operating charges | 640/8 | €12,005 | €3,620 | -€8,385 | -69.8% |
| Non-recurring operating charges | 66A | - | €10,990 | +€10,990 | |
| Gross operating margin | 9900 | €15,990 | €25,813 | +€9,822 | +61.4% |
| Operating profit (loss) | 9901 | €3,985 | €10,777 | +€6,792 | +170% |
| Financial charges | 65/66B | - | €3,025 | +€3,025 | |
| Recurring financial charges | 65 | - | €3,025 | +€3,025 | |
| Profit (loss) for the period before taxes | 9903 | €3,985 | €7,752 | +€3,767 | +94.5% |
| Income taxes | 67/77 | €990 | €2,512 | +€1,522 | +154% |
| Profit (loss) for the period | 9904 | €2,995 | €5,240 | +€2,245 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,995 | €5,240 | +€2,245 | +74.9% |
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 17 October 2026 via checked.be.