NATALIA TELLA: 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.
NATALIA TELLA
Largest movements
- Cash +€93,620
up €93,620 (+678%), from €13,815 to €107,435
mainly Net result for the year (+€68,147) and Depreciation (+€24,095)
- Tangible fixed assets -€13,422
down €13,422 (-30.5%), from €44,072 to €30,650
of which Plant, machinery and equipment: -€9,059
- Intangible fixed assets -€4,602
no longer reported in 2025 (was €4,602)
- Receivables within one year +€3,954
up €3,954 (+531%), from €745 to €4,699
- Stocks and contracts +€1,879
up €1,879 (+89.0%), from €2,111 to €3,989
- Profit (loss) carried forward +€67,314
up €67,314 (+4,294%), from €1,568 to €68,882
- Tax, wage and social debts +€13,035
up €13,035 (+67.7%), from €19,251 to €32,287
of which Taxes: +€19,158
- Accrued charges and deferred income +€3,638
new in 2025: €3,638
- Trade debts -€2,808
down €2,808 (-13.0%), from €21,598 to €18,790
- Gross operating margin +€75,303
up €75,303 (+44.9%), from €167,743 to €243,045
- Staff costs -€28,950
down €28,950 (-18.4%), from €157,086 to €128,136
- Taxes +€14,989
up €14,989 (+5,286%), from €284 to €15,273
- Depreciation -€12,603
down €12,603 (-34.3%), from €36,699 to €24,095
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 | €69,301 | €149,716 | +€80,414 | +116% |
| Fixed assets | 21/28 | €48,675 | €30,650 | -€18,024 | -37.0% |
| Intangible fixed assets | 21 | €4,602 | - | -€4,602 | |
| Tangible fixed assets | 22/27 | €44,072 | €30,650 | -€13,422 | -30.5% |
| Plant, machinery and equipment | 23 | €20,807 | €11,748 | -€9,059 | -43.5% |
| Furniture and vehicles | 24 | €5,554 | €7,009 | +€1,454 | +26.2% |
| Other tangible fixed assets | 26 | €17,711 | €11,894 | -€5,817 | -32.8% |
| Current assets | 29/58 | €20,627 | €119,065 | +€98,439 | +477% |
| Stocks and contracts in progress | 3 | €2,111 | €3,989 | +€1,879 | +89.0% |
| Stocks | 30/36 | €2,111 | €3,989 | +€1,879 | +89.0% |
| Amounts receivable within one year | 40/41 | €745 | €4,699 | +€3,954 | +531% |
| Trade receivables | 40 | €745 | €4,699 | +€3,954 | +531% |
| Cash at bank and in hand | 54/58 | €13,815 | €107,435 | +€93,620 | +678% |
| Deferred charges and accrued income | 490/1 | €3,956 | €2,942 | -€1,014 | -25.6% |
| Total equity and liabilities | 10/49 | €69,301 | €149,716 | +€80,414 | +116% |
| Equity | 10/15 | €18,828 | €86,142 | +€67,314 | +358% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,260 | €12,260 | = | 0.0% |
| Distributable reserves | 133 | €12,260 | €12,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,568 | €68,882 | +€67,314 | +4,294% |
| Amounts payable | 17/49 | €50,474 | €63,574 | +€13,100 | +26.0% |
| Amounts payable within one year | 42/48 | €50,474 | €59,936 | +€9,462 | +18.7% |
| Trade debts | 44 | €21,598 | €18,790 | -€2,808 | -13.0% |
| Suppliers | 440/4 | €21,598 | €18,790 | -€2,808 | -13.0% |
| Taxes, remuneration and social security | 45 | €19,251 | €32,287 | +€13,035 | +67.7% |
| Taxes | 450/3 | €4,442 | €23,601 | +€19,158 | +431% |
| Remuneration and social security | 454/9 | €14,809 | €8,686 | -€6,123 | -41.3% |
| Other amounts payable | 47/48 | €9,625 | €8,859 | -€765 | -8.0% |
| Accrued charges and deferred income | 492/3 | - | €3,638 | +€3,638 | |
| Remuneration, social security and pensions | 62 | €157,086 | €128,136 | -€28,950 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,699 | €24,095 | -€12,603 | -34.3% |
| Other operating charges | 640/8 | €5,245 | €4,537 | -€707 | -13.5% |
| Gross operating margin | 9900 | €167,743 | €243,045 | +€75,303 | +44.9% |
| Operating profit (loss) | 9901 | -€31,287 | €86,277 | +€117,563 | |
| Financial income | 75/76B | €1,128 | €6 | -€1,122 | -99.5% |
| Recurring financial income | 75 | €1,128 | €6 | -€1,122 | -99.5% |
| Financial charges | 65/66B | €3,646 | €2,862 | -€783 | -21.5% |
| Recurring financial charges | 65 | €3,646 | €2,862 | -€783 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,805 | €83,420 | +€117,225 | |
| Transfer from deferred taxes | 780 | €8,696 | - | -€8,696 | |
| Income taxes | 67/77 | €284 | €15,273 | +€14,989 | +5,286% |
| Profit (loss) for the period | 9904 | -€25,392 | €68,147 | +€93,539 | |
| Transfer from tax-exempt reserves | 789 | €26,960 | - | -€26,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,568 | €68,147 | +€66,580 | +4,247% |
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 20 October 2026 via checked.be.