Natan & Co: 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.
Natan & Co
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€72,177
up €72,177 (+19.0%), from €379,820 to €451,997
- Debts after one year -€27,253
down €27,253 (-3.8%), from €710,863 to €683,611
- Profit (loss) carried forward -€25,116
down €25,116 (-15.7%), from -€160,145 to -€185,261
- Accrued charges and deferred income -€19,250
down €19,250 (-87.5%), from €22,000 to €2,750
- Gross operating margin +€36,709
up €36,709, from -€25,863 to €10,846
- Financial charges -€10,411
down €10,411 (-24.4%), from €42,733 to €32,322
- Other operating charges +€264
up €264 (+10.1%), from €2,609 to €2,873
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 | €985,748 | €988,840 | +€3,092 | +0.3% |
| Fixed assets | 21/28 | €1,582 | €1,196 | -€386 | -24.4% |
| Tangible fixed assets | 22/27 | €832 | €446 | -€386 | -46.4% |
| Furniture and vehicles | 24 | €832 | €446 | -€386 | -46.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €984,165 | €987,643 | +€3,478 | +0.4% |
| Stocks and contracts in progress | 3 | €974,152 | €974,152 | = | 0.0% |
| Stocks | 30/36 | €974,152 | €974,152 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €3,298 | +€3,298 | |
| Trade receivables | 40 | - | €3,298 | +€3,298 | |
| Cash at bank and in hand | 54/58 | €8,719 | €8,215 | -€504 | -5.8% |
| Deferred charges and accrued income | 490/1 | €1,295 | €1,979 | +€684 | +52.9% |
| Total equity and liabilities | 10/49 | €985,748 | €988,840 | +€3,092 | +0.3% |
| Equity | 10/15 | -€150,145 | -€175,261 | -€25,116 | -16.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,145 | -€185,261 | -€25,116 | -15.7% |
| Amounts payable | 17/49 | €1,135,893 | €1,164,101 | +€28,208 | +2.5% |
| Amounts payable after more than one year | 17 | €710,863 | €683,611 | -€27,253 | -3.8% |
| Financial debts | 170/4 | €710,863 | €683,611 | -€27,253 | -3.8% |
| Amounts payable within one year | 42/48 | €403,029 | €477,740 | +€74,711 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €22,137 | €25,199 | +€3,062 | +13.8% |
| Trade debts | 44 | €1,073 | €344 | -€729 | -67.9% |
| Suppliers | 440/4 | €1,073 | €344 | -€729 | -67.9% |
| Taxes, remuneration and social security | 45 | - | €200 | +€200 | |
| Taxes | 450/3 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €379,820 | €451,997 | +€72,177 | +19.0% |
| Accrued charges and deferred income | 492/3 | €22,000 | €2,750 | -€19,250 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €386 | +€61 | +18.7% |
| Other operating charges | 640/8 | €2,609 | €2,873 | +€264 | +10.1% |
| Non-recurring operating charges | 66A | €1,105 | €0 | -€1,105 | -100.0% |
| Gross operating margin | 9900 | -€25,863 | €10,846 | +€36,709 | |
| Operating profit (loss) | 9901 | -€29,903 | €7,586 | +€37,489 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €42,733 | €32,322 | -€10,411 | -24.4% |
| Recurring financial charges | 65 | €42,733 | €32,322 | -€10,411 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€72,636 | -€24,735 | +€47,900 | +65.9% |
| Income taxes | 67/77 | €282 | €381 | +€98 | +34.9% |
| Profit (loss) for the period | 9904 | -€72,918 | -€25,116 | +€47,802 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,918 | -€25,116 | +€47,802 | +65.6% |
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.