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
- Receivables within one year -€24,837
down €24,837 (-21.1%), from €117,866 to €93,028
of which Trade receivables: -€25,289
- Trade debts -€27,762
down €27,762 (-25.1%), from €110,558 to €82,796
- Profit (loss) carried forward +€2,978
up €2,978 (+62.3%), from -€4,784 to -€1,806
- Gross operating margin +€1,544
up €1,544 (+39.6%), from €3,902 to €5,446
- Depreciation -€1,101
down €1,101 (-100%), from €1,101 to €0
- Taxes +€972
up €972 (+278%), from €350 to €1,321
- Financial charges -€903
down €903 (-91.5%), from €987 to €84
- Other operating charges +€564
up €564 (+113%), from €499 to €1,063
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 | €127,809 | €103,403 | -€24,407 | -19.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €127,809 | €103,403 | -€24,407 | -19.1% |
| Amounts receivable within one year | 40/41 | €117,866 | €93,028 | -€24,837 | -21.1% |
| Trade receivables | 40 | €117,866 | €92,577 | -€25,289 | -21.5% |
| Other amounts receivable | 41 | - | €452 | +€452 | |
| Cash at bank and in hand | 54/58 | €9,442 | €9,850 | +€408 | +4.3% |
| Deferred charges and accrued income | 490/1 | €502 | €524 | +€22 | +4.4% |
| Total equity and liabilities | 10/49 | €127,809 | €103,403 | -€24,407 | -19.1% |
| Equity | 10/15 | €15,667 | €18,645 | +€2,978 | +19.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€4,784 | -€1,806 | +€2,978 | +62.3% |
| Amounts payable | 17/49 | €112,142 | €84,757 | -€27,385 | -24.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €112,142 | €84,757 | -€27,385 | -24.4% |
| Trade debts | 44 | €110,558 | €82,796 | -€27,762 | -25.1% |
| Suppliers | 440/4 | €110,558 | €82,796 | -€27,762 | -25.1% |
| Taxes, remuneration and social security | 45 | €944 | €1,321 | +€377 | +40.0% |
| Taxes | 450/3 | €944 | €1,321 | +€377 | +40.0% |
| Other amounts payable | 47/48 | €639 | €639 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,101 | €0 | -€1,101 | -100% |
| Other operating charges | 640/8 | €499 | €1,063 | +€564 | +113% |
| Non-recurring operating charges | 66A | €5 | €0 | -€5 | -100% |
| Gross operating margin | 9900 | €3,902 | €5,446 | +€1,544 | +39.6% |
| Operating profit (loss) | 9901 | €2,297 | €4,383 | +€2,087 | +90.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €987 | €84 | -€903 | -91.5% |
| Recurring financial charges | 65 | €987 | €84 | -€903 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €1,310 | €4,299 | +€2,989 | +228% |
| Income taxes | 67/77 | €350 | €1,321 | +€972 | +278% |
| Profit (loss) for the period | 9904 | €960 | €2,978 | +€2,017 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €960 | €2,978 | +€2,017 | +210% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.