NATALIS: 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.
NATALIS
Largest movements
- Stocks and contracts -€67,603
down €67,603 (-27.7%), from €244,393 to €176,790
- Tangible fixed assets -€23,454
down €23,454 (-32.9%), from €71,182 to €47,728
- Receivables within one year +€15,364
up €15,364 (+32.5%), from €47,307 to €62,671
of which Trade receivables: +€10,871
- Deferred charges and accrued income -€7,078
down €7,078 (-26.4%), from €26,779 to €19,701
- Short-term financial debts -€60,000
no longer reported in 2024 (was €60,000)
- Trade debts -€34,343
down €34,343 (-81.4%), from €42,167 to €7,824
- Profit (loss) carried forward +€16,945
up €16,945 (+217.9%), from €7,775 to €24,720
- Debts after one year -€12,438
down €12,438 (-37.3%), from €33,354 to €20,916
- Advances received +€11,014
up €11,014 (+550.7%), from €2,000 to €13,014
- Purchases and services -€351,066
down €351,066 (-30.2%), from €1.2m to €810,320
- Depreciation +€12,605
up €12,605 (+116.2%), from €10,849 to €23,454
- Financial charges -€8,297
down €8,297 (-48.9%), from €16,957 to €8,660
- Staff costs -€6,529
down €6,529 (-3.9%), from €166,555 to €160,026
- Write-downs -€6,422
no longer reported in 2024 (was €6,422)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,955 | €400,566 | -€81,389 | -16.9% |
| Fixed assets | 21/28 | €71,182 | €47,728 | -€23,454 | -32.9% |
| Tangible fixed assets | 22/27 | €71,182 | €47,728 | -€23,454 | -32.9% |
| Furniture and vehicles | 24 | €71,182 | €47,728 | -€23,454 | -32.9% |
| Current assets | 29/58 | €410,773 | €352,838 | -€57,935 | -14.1% |
| Stocks and contracts in progress | 3 | €244,393 | €176,790 | -€67,603 | -27.7% |
| Stocks | 30/36 | €244,393 | €176,790 | -€67,603 | -27.7% |
| Amounts receivable within one year | 40/41 | €47,307 | €62,671 | +€15,364 | +32.5% |
| Trade receivables | 40 | €45,904 | €56,775 | +€10,871 | +23.7% |
| Other amounts receivable | 41 | €1,403 | €5,895 | +€4,493 | +320.4% |
| Cash at bank and in hand | 54/58 | €92,294 | €93,676 | +€1,382 | +1.5% |
| Deferred charges and accrued income | 490/1 | €26,779 | €19,701 | -€7,078 | -26.4% |
| Total equity and liabilities | 10/49 | €481,955 | €400,566 | -€81,389 | -16.9% |
| Equity | 10/15 | €302,018 | €318,962 | +€16,945 | +5.6% |
| Contributions | 10/11 | €143,758 | €143,758 | = | 0.0% |
| Reserves | 13 | €150,484 | €150,484 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,108 | €36,108 | = | 0.0% |
| Distributable reserves | 133 | €114,376 | €114,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,775 | €24,720 | +€16,945 | +217.9% |
| Amounts payable | 17/49 | €179,938 | €81,604 | -€98,334 | -54.6% |
| Amounts payable after more than one year | 17 | €33,354 | €20,916 | -€12,438 | -37.3% |
| Financial debts | 170/4 | €33,354 | €20,916 | -€12,438 | -37.3% |
| Amounts payable within one year | 42/48 | €146,584 | €60,688 | -€85,896 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €16,040 | €15,784 | -€256 | -1.6% |
| Financial debts | 43 | €60,000 | - | -€60,000 | |
| Credit institutions | 430/8 | €60,000 | - | -€60,000 | |
| Trade debts | 44 | €42,167 | €7,824 | -€34,343 | -81.4% |
| Suppliers | 440/4 | €42,167 | €7,824 | -€34,343 | -81.4% |
| Advances received on contracts in progress | 46 | €2,000 | €13,014 | +€11,014 | +550.7% |
| Taxes, remuneration and social security | 45 | €26,377 | €24,066 | -€2,311 | -8.8% |
| Taxes | 450/3 | €6,693 | €4,824 | -€1,869 | -27.9% |
| Remuneration and social security | 454/9 | €19,684 | €19,242 | -€442 | -2.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,161,386 | €810,320 | -€351,066 | -30.2% |
| Remuneration, social security and pensions | 62 | €166,555 | €160,026 | -€6,529 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,849 | €23,454 | +€12,605 | +116.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,422 | - | -€6,422 | |
| Other operating charges | 640/8 | €5,308 | €4,811 | -€497 | -9.4% |
| Gross operating margin | 9900 | €211,597 | €214,066 | +€2,469 | +1.2% |
| Operating profit (loss) | 9901 | €22,464 | €25,775 | +€3,311 | +14.7% |
| Financial income | 75/76B | €1,744 | €898 | -€846 | -48.5% |
| Recurring financial income | 75 | €1,744 | €898 | -€846 | -48.5% |
| Financial charges | 65/66B | €16,957 | €8,660 | -€8,297 | -48.9% |
| Recurring financial charges | 65 | €16,957 | €8,660 | -€8,297 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €7,252 | €18,013 | +€10,761 | +148.4% |
| Income taxes | 67/77 | €968 | €1,068 | +€100 | +10.3% |
| Profit (loss) for the period | 9904 | €6,284 | €16,945 | +€10,661 | +169.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,284 | €16,945 | +€10,661 | +169.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.