NATABOUW: 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.
What changed
NATABOUW
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€70,231
2024 · €70,234-€2
Equity
€5.1m
2024 · €5.1m-€269
Cash
€490,415
2024 · €465,521+€24,894
Balance sheet total
€5.9m
2024 · €6.0m-€11,864
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€883
down €883 (-0.6%), from €157,470 to €156,587
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.
Result 2024
€70,234
Gross operating margin
+€489
Other operating charges
-€43
Financial income
-€883
Financial charges
+€439
Taxes
-€4
Result 2025
€70,231
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.
From operations
+€106,353
Investment
€0
Financing
-€81,459
Cash 2024
€465,521
From operations (derived)
+€106,353
Net result for the year
+€70,231
Depreciation
+€9,968
Receivables within one year
+€26,210
Deferred charges and accrued income
+€579
Trade debts
-€402
Tax, wage and social debts
-€234
Financing
-€81,459
Debts after one year
-€8,219
Current portion of long-term debt
-€2,740
Contributions, distributions and other
-€70,500
Cash 2025
€490,415
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,959,304 | €5,947,440 | -€11,864 | -0.2% |
| Fixed assets | 21/28 | €5,365,850 | €5,355,882 | -€9,968 | -0.2% |
| Tangible fixed assets | 22/27 | €27,412 | €17,444 | -€9,968 | -36.4% |
| Furniture and vehicles | 24 | €27,412 | €17,444 | -€9,968 | -36.4% |
| Financial fixed assets | 28 | €5,338,438 | €5,338,438 | = | 0.0% |
| Current assets | 29/58 | €593,454 | €591,558 | -€1,896 | -0.3% |
| Amounts receivable within one year | 40/41 | €126,210 | €100,000 | -€26,210 | -20.8% |
| Other amounts receivable | 41 | €126,210 | €100,000 | -€26,210 | -20.8% |
| Cash at bank and in hand | 54/58 | €465,521 | €490,415 | +€24,894 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,723 | €1,144 | -€579 | -33.6% |
| Total equity and liabilities | 10/49 | €5,959,304 | €5,947,440 | -€11,864 | -0.2% |
| Equity | 10/15 | €5,148,636 | €5,148,367 | -€269 | 0.0% |
| Contributions | 10/11 | €3,720,000 | €3,720,000 | = | 0.0% |
| Capital | 10 | €3,720,000 | €3,720,000 | = | 0.0% |
| Issued capital | 100 | €3,720,000 | €3,720,000 | = | 0.0% |
| Reserves | 13 | €1,428,636 | €1,428,367 | -€269 | 0.0% |
| Non-distributable reserves | 130/1 | €343,500 | €347,500 | +€4,000 | +1.2% |
| Legal reserve | 130 | €343,500 | €347,500 | +€4,000 | +1.2% |
| Distributable reserves | 133 | €1,085,136 | €1,080,867 | -€4,269 | -0.4% |
| Amounts payable | 17/49 | €810,668 | €799,073 | -€11,595 | -1.4% |
| Amounts payable after more than one year | 17 | €8,219 | - | -€8,219 | |
| Financial debts | 170/4 | €8,219 | - | -€8,219 | |
| Amounts payable within one year | 42/48 | €802,448 | €799,073 | -€3,376 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €10,959 | €8,219 | -€2,740 | -25.0% |
| Trade debts | 44 | €1,540 | €1,138 | -€402 | -26.1% |
| Suppliers | 440/4 | €1,540 | €1,138 | -€402 | -26.1% |
| Taxes, remuneration and social security | 45 | €518 | €284 | -€234 | -45.2% |
| Taxes | 450/3 | €518 | €284 | -€234 | -45.2% |
| Other amounts payable | 47/48 | €789,432 | €789,432 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,968 | €9,968 | = | 0.0% |
| Other operating charges | 640/8 | €1,402 | €1,445 | +€43 | +3.1% |
| Gross operating margin | 9900 | -€74,518 | -€74,028 | +€489 | +0.7% |
| Operating profit (loss) | 9901 | -€85,888 | -€85,442 | +€446 | +0.5% |
| Financial income | 75/76B | €157,470 | €156,587 | -€883 | -0.6% |
| Recurring financial income | 75 | €157,470 | €156,587 | -€883 | -0.6% |
| Financial charges | 65/66B | €1,209 | €770 | -€439 | -36.3% |
| Recurring financial charges | 65 | €1,209 | €770 | -€439 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €70,373 | €70,375 | +€2 | 0.0% |
| Income taxes | 67/77 | €140 | €144 | +€4 | +2.9% |
| Profit (loss) for the period | 9904 | €70,234 | €70,231 | -€2 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,234 | €70,231 | -€2 | 0.0% |
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 4 October 2026 via checked.be.