NATALIX: 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.
NATALIX
Largest movements
- Cash +€32,824
up €32,824 (+135.8%), from €24,171 to €56,994
mainly Net result for the year (+€21,183) and Receivables within one year (+€9,828)
- Receivables within one year -€9,828
down €9,828 (-17.3%), from €56,847 to €47,020
- Current investments +€9,045
up €9,045 (+6.3%), from €143,152 to €152,197
- Tangible fixed assets -€6,465
down €6,465 (-26.8%), from €24,137 to €17,671
of which Furniture and vehicles: -€3,250
- Reserves +€21,183
up €21,183 (+10.7%), from €197,472 to €218,655
of which Distributable reserves: +€21,183
- Other debts +€8,177
up €8,177 (+8.6%), from €94,556 to €102,732
- Financial charges +€9,030
up €9,030 (+13.2%), from €68,323 to €77,353
- Gross operating margin -€5,042
down €5,042 (-4.4%), from €114,366 to €109,324
- Depreciation +€1,911
up €1,911 (+31.4%), from €6,088 to €7,999
- Taxes -€1,271
down €1,271 (-33.6%), from €3,787 to €2,515
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 | €313,059 | €339,005 | +€25,945 | +8.3% |
| Fixed assets | 21/28 | €24,137 | €17,671 | -€6,465 | -26.8% |
| Tangible fixed assets | 22/27 | €24,137 | €17,671 | -€6,465 | -26.8% |
| Plant, machinery and equipment | 23 | €6,317 | €3,102 | -€3,215 | -50.9% |
| Furniture and vehicles | 24 | €17,820 | €14,569 | -€3,250 | -18.2% |
| Current assets | 29/58 | €288,923 | €321,333 | +€32,410 | +11.2% |
| Amounts receivable within one year | 40/41 | €56,847 | €47,020 | -€9,828 | -17.3% |
| Other amounts receivable | 41 | €56,847 | €47,020 | -€9,828 | -17.3% |
| Current investments | 50/53 | €143,152 | €152,197 | +€9,045 | +6.3% |
| Cash at bank and in hand | 54/58 | €24,171 | €56,994 | +€32,824 | +135.8% |
| Deferred charges and accrued income | 490/1 | €64,753 | €65,122 | +€369 | +0.6% |
| Total equity and liabilities | 10/49 | €313,059 | €339,005 | +€25,945 | +8.3% |
| Equity | 10/15 | €203,677 | €224,860 | +€21,183 | +10.4% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Contributions outside capital | 11 | €6,205 | €6,205 | = | 0.0% |
| Other | 1109/19 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €197,472 | €218,655 | +€21,183 | +10.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €195,612 | €216,795 | +€21,183 | +10.8% |
| Amounts payable | 17/49 | €109,382 | €114,144 | +€4,762 | +4.4% |
| Amounts payable within one year | 42/48 | €109,382 | €114,144 | +€4,762 | +4.4% |
| Trade debts | 44 | €2,596 | €1,346 | -€1,251 | -48.2% |
| Suppliers | 440/4 | €2,596 | €1,346 | -€1,251 | -48.2% |
| Taxes, remuneration and social security | 45 | €12,230 | €10,067 | -€2,164 | -17.7% |
| Taxes | 450/3 | €4,700 | €2,537 | -€2,164 | -46.0% |
| Remuneration and social security | 454/9 | €7,530 | €7,530 | = | 0.0% |
| Other amounts payable | 47/48 | €94,556 | €102,732 | +€8,177 | +8.6% |
| Remuneration, social security and pensions | 62 | €2,245 | €1,535 | -€710 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,088 | €7,999 | +€1,911 | +31.4% |
| Other operating charges | 640/8 | €1,550 | €937 | -€613 | -39.6% |
| Gross operating margin | 9900 | €114,366 | €109,324 | -€5,042 | -4.4% |
| Operating profit (loss) | 9901 | €104,483 | €98,853 | -€5,629 | -5.4% |
| Financial income | 75/76B | €1,939 | €2,198 | +€259 | +13.4% |
| Recurring financial income | 75 | €1,939 | €2,198 | +€259 | +13.4% |
| Financial charges | 65/66B | €68,323 | €77,353 | +€9,030 | +13.2% |
| Recurring financial charges | 65 | €68,323 | €77,353 | +€9,030 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €38,098 | €23,698 | -€14,400 | -37.8% |
| Income taxes | 67/77 | €3,787 | €2,515 | -€1,271 | -33.6% |
| Profit (loss) for the period | 9904 | €34,312 | €21,183 | -€13,129 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,312 | €21,183 | -€13,129 | -38.3% |
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 10 October 2026 via checked.be.