NATAB: 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.
NATAB
Largest movements
- Receivables within one year +€840,604
up €840,604 (+87.4%), from €961,363 to €1.8m
of which Other amounts receivable: +€753,272
- Tangible fixed assets -€423,817
down €423,817 (-2.4%), from €17.5m to €17.1m
of which Land and buildings: -€408,164
- Current portion of long-term debt +€10.3m
up €10.3m (+5014.1%), from €205,731 to €10.5m
- Short-term financial debts -€8.4m
down €8.4m (-94.8%), from €8.9m to €462,141
of which Credit institutions: -€8.4m
- Profit (loss) carried forward -€673,414
down €673,414 (-102.6%), from -€656,437 to -€1.3m
- Depreciation +€69,690
up €69,690 (+4.3%), from €1.6m to €1.7m
- Gross operating margin +€69,623
up €69,623 (+5.7%), from €1.2m to €1.3m
- Financial charges +€58,633
up €58,633 (+14.7%), from €399,545 to €458,177
- Taxes -€55,609
down €55,609 (-34.7%), from €160,415 to €104,807
- Other operating charges +€33,891
up €33,891 (+2421.9%), from €1,399 to €35,291
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,117,772 | €23,962,358 | +€844,586 | +3.7% |
| Fixed assets | 21/28 | €17,504,698 | €17,080,881 | -€423,817 | -2.4% |
| Tangible fixed assets | 22/27 | €17,504,698 | €17,080,881 | -€423,817 | -2.4% |
| Land and buildings | 22 | €17,410,298 | €17,002,135 | -€408,164 | -2.3% |
| Plant, machinery and equipment | 23 | €94,399 | €78,746 | -€15,653 | -16.6% |
| Current assets | 29/58 | €5,613,074 | €6,881,477 | +€1.3m | +22.6% |
| Amounts receivable after more than one year | 29 | €4,598,013 | €4,803,192 | +€205,179 | +4.5% |
| Other amounts receivable | 291 | €4,598,013 | €4,803,192 | +€205,179 | +4.5% |
| Amounts receivable within one year | 40/41 | €961,363 | €1,801,967 | +€840,604 | +87.4% |
| Trade receivables | 40 | €33,837 | €121,169 | +€87,333 | +258.1% |
| Other amounts receivable | 41 | €927,526 | €1,680,798 | +€753,272 | +81.2% |
| Cash at bank and in hand | 54/58 | €40,374 | €262,266 | +€221,891 | +549.6% |
| Deferred charges and accrued income | 490/1 | €13,324 | €14,052 | +€728 | +5.5% |
| Total equity and liabilities | 10/49 | €23,117,772 | €23,962,358 | +€844,586 | +3.7% |
| Equity | 10/15 | €12,490,047 | €11,816,633 | -€673,414 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €13,126,024 | €13,126,024 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€656,437 | -€1,329,851 | -€673,414 | -102.6% |
| Amounts payable | 17/49 | €10,627,725 | €12,145,724 | +€1.5m | +14.3% |
| Amounts payable after more than one year | 17 | €238,920 | €23,936 | -€214,983 | -90.0% |
| Financial debts | 170/4 | €238,920 | €23,936 | -€214,983 | -90.0% |
| Amounts payable within one year | 42/48 | €10,388,805 | €12,121,788 | +€1.7m | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €205,731 | €10,521,201 | +€10.3m | +5014.1% |
| Financial debts | 43 | €8,892,141 | €462,141 | -€8.4m | -94.8% |
| Credit institutions | 430/8 | €8,430,000 | €0 | -€8.4m | -100.0% |
| Other loans | 439 | €462,141 | €462,141 | = | 0.0% |
| Trade debts | 44 | €910,069 | €842,957 | -€67,112 | -7.4% |
| Suppliers | 440/4 | €910,069 | €842,957 | -€67,112 | -7.4% |
| Taxes, remuneration and social security | 45 | €242,515 | €232,057 | -€10,458 | -4.3% |
| Taxes | 450/3 | €242,515 | €232,057 | -€10,458 | -4.3% |
| Other amounts payable | 47/48 | €138,350 | €63,432 | -€74,918 | -54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,633,782 | €1,703,472 | +€69,690 | +4.3% |
| Other operating charges | 640/8 | €1,399 | €35,291 | +€33,891 | +2421.9% |
| Gross operating margin | 9900 | €1,224,714 | €1,294,338 | +€69,623 | +5.7% |
| Operating profit (loss) | 9901 | -€410,467 | -€444,425 | -€33,958 | -8.3% |
| Financial income | 75/76B | €311,262 | €333,995 | +€22,734 | +7.3% |
| Recurring financial income | 75 | €311,262 | €333,995 | +€22,734 | +7.3% |
| Financial charges | 65/66B | €399,545 | €458,177 | +€58,633 | +14.7% |
| Recurring financial charges | 65 | €399,545 | €458,177 | +€58,633 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€498,750 | -€568,607 | -€69,857 | -14.0% |
| Income taxes | 67/77 | €160,415 | €104,807 | -€55,609 | -34.7% |
| Profit (loss) for the period | 9904 | -€659,165 | -€673,414 | -€14,249 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€659,165 | -€673,414 | -€14,249 | -2.2% |
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 2 October 2026 via checked.be.