NAT-AL PARTNERS: 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.
NAT-AL PARTNERS
Largest movements
- Stocks and contracts +€1.3m
new in 2025: €1.3m
- Cash -€169,372
down €169,372 (-94.4%), from €179,372 to €10,000
mainly Stocks and contracts (-€1.3m) and Net result for the year (-€9,873)
- Debts after one year +€864,265
new in 2025: €864,265
- Other debts +€212,000
new in 2025: €212,000
- Current portion of long-term debt +€47,909
new in 2025: €47,909
- Gross operating margin +€13,699
up €13,699 (+82.9%), from -€16,527 to -€2,828
- Financial charges +€5,793
up €5,793 (+1,725%), from €336 to €6,129
- Other operating charges +€388
up €388 (+73.6%), from €528 to €916
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 | €191,920 | €1,309,437 | +€1.1m | +582% |
| Current assets | 29/58 | €191,920 | €1,309,437 | +€1.1m | +582% |
| Stocks and contracts in progress | 3 | - | €1,299,437 | +€1.3m | |
| Stocks | 30/36 | - | €1,299,437 | +€1.3m | |
| Amounts receivable within one year | 40/41 | €12,404 | €0 | -€12,404 | -100% |
| Other amounts receivable | 41 | €12,404 | €0 | -€12,404 | -100% |
| Cash at bank and in hand | 54/58 | €179,372 | €10,000 | -€169,372 | -94.4% |
| Deferred charges and accrued income | 490/1 | €144 | €0 | -€144 | -100% |
| Total equity and liabilities | 10/49 | €191,920 | €1,309,437 | +€1.1m | +582% |
| Equity | 10/15 | €191,776 | €181,903 | -€9,873 | -5.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€8,224 | -€18,097 | -€9,873 | -120% |
| Amounts payable | 17/49 | €144 | €1,127,534 | +€1.1m | +782,366% |
| Amounts payable after more than one year | 17 | - | €864,265 | +€864,265 | |
| Financial debts | 170/4 | - | €864,265 | +€864,265 | |
| Amounts payable within one year | 42/48 | €144 | €259,909 | +€259,765 | +180,267% |
| Current portion of amounts payable after more than one year | 42 | - | €47,909 | +€47,909 | |
| Trade debts | 44 | €144 | €0 | -€144 | -100% |
| Suppliers | 440/4 | €144 | €0 | -€144 | -100% |
| Other amounts payable | 47/48 | - | €212,000 | +€212,000 | |
| Accrued charges and deferred income | 492/3 | - | €3,359 | +€3,359 | |
| Other operating charges | 640/8 | €528 | €916 | +€388 | +73.6% |
| Gross operating margin | 9900 | -€16,527 | -€2,828 | +€13,699 | +82.9% |
| Operating profit (loss) | 9901 | -€17,054 | -€3,744 | +€13,310 | +78.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €336 | €6,129 | +€5,793 | +1,725% |
| Recurring financial charges | 65 | €336 | €6,129 | +€5,793 | +1,725% |
| Profit (loss) for the period before taxes | 9903 | -€17,390 | -€9,873 | +€7,517 | +43.2% |
| Profit (loss) for the period | 9904 | -€17,390 | -€9,873 | +€7,517 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,390 | -€9,873 | +€7,517 | +43.2% |
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 30 October 2026 via checked.be.