NATAL: 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.
NATAL
Largest movements
- Cash -€22,228
down €22,228 (-42.5%), from €52,276 to €30,048
mainly Net result for the year (-€17,756) and Tax, wage and social debts (-€5,466)
- Receivables within one year -€2,427
down €2,427 (-11.4%), from €21,326 to €18,898
of which Trade receivables: -€3,035
- Deferred charges and accrued income +€1,782
new in 2025: €1,782
- Profit (loss) carried forward -€17,756
new in 2025: -€17,756
- Tax, wage and social debts -€5,466
down €5,466 (-51.2%), from €10,667 to €5,201
- Gross operating margin -€39,844
down €39,844, from €25,737 to -€14,107
- Taxes -€6,602
down €6,602 (-75.9%), from €8,696 to €2,093
- Financial income -€1,516
down €1,516 (-68.0%), from €2,231 to €714
- Financial charges -€633
down €633 (-82.8%), from €764 to €131
- Depreciation +€290
up €290 (+66.2%), from €439 to €729
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 | €74,624 | €51,820 | -€22,804 | -30.6% |
| Fixed assets | 21/28 | €1,022 | €1,091 | +€69 | +6.8% |
| Tangible fixed assets | 22/27 | €1,022 | €1,091 | +€69 | +6.8% |
| Land and buildings | 22 | €549 | €411 | -€138 | -25.1% |
| Furniture and vehicles | 24 | €473 | €679 | +€207 | +43.7% |
| Current assets | 29/58 | €73,602 | €50,729 | -€22,873 | -31.1% |
| Amounts receivable within one year | 40/41 | €21,326 | €18,898 | -€2,427 | -11.4% |
| Trade receivables | 40 | €8,373 | €5,338 | -€3,035 | -36.2% |
| Other amounts receivable | 41 | €12,953 | €13,561 | +€607 | +4.7% |
| Cash at bank and in hand | 54/58 | €52,276 | €30,048 | -€22,228 | -42.5% |
| Deferred charges and accrued income | 490/1 | - | €1,782 | +€1,782 | |
| Total equity and liabilities | 10/49 | €74,624 | €51,820 | -€22,804 | -30.6% |
| Equity | 10/15 | €61,470 | €43,714 | -€17,756 | -28.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €36,681 | €36,681 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €34,202 | €34,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,756 | -€17,756 | |
| Amounts payable | 17/49 | €13,153 | €8,106 | -€5,048 | -38.4% |
| Amounts payable within one year | 42/48 | €12,751 | €7,512 | -€5,238 | -41.1% |
| Trade debts | 44 | €2,083 | €2,312 | +€228 | +10.9% |
| Suppliers | 440/4 | €2,083 | €2,312 | +€228 | +10.9% |
| Taxes, remuneration and social security | 45 | €10,667 | €5,201 | -€5,466 | -51.2% |
| Taxes | 450/3 | €10,667 | €5,201 | -€5,466 | -51.2% |
| Accrued charges and deferred income | 492/3 | €403 | €593 | +€190 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439 | €729 | +€290 | +66.2% |
| Other operating charges | 640/8 | €1,146 | €1,410 | +€264 | +23.0% |
| Gross operating margin | 9900 | €25,737 | -€14,107 | -€39,844 | |
| Operating profit (loss) | 9901 | €24,152 | -€16,246 | -€40,398 | |
| Financial income | 75/76B | €2,231 | €714 | -€1,516 | -68.0% |
| Recurring financial income | 75 | €2,231 | €714 | -€1,516 | -68.0% |
| Financial charges | 65/66B | €764 | €131 | -€633 | -82.8% |
| Recurring financial charges | 65 | €764 | €131 | -€633 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €25,619 | -€15,663 | -€41,282 | |
| Income taxes | 67/77 | €8,696 | €2,093 | -€6,602 | -75.9% |
| Profit (loss) for the period | 9904 | €16,924 | -€17,756 | -€34,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,924 | -€17,756 | -€34,680 |
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 9 October 2026 via checked.be.