NATAN-MARIE: 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-MARIE
Largest movements
- Receivables within one year -€25,432
down €25,432 (-84.7%), from €30,030 to €4,597
of which Other amounts receivable: -€26,782
- Stocks and contracts +€11,423
up €11,423 (+16.0%), from €71,526 to €82,949
- Tangible fixed assets -€8,803
down €8,803 (-3.2%), from €271,496 to €262,693
of which Land and buildings: -€7,442
- Cash +€8,419
up €8,419 (+311%), from €2,710 to €11,128
mainly Receivables within one year (+€25,432) and Depreciation (+€8,803)
- Debts after one year -€19,903
down €19,903 (-9.9%), from €201,161 to €181,258
- Other debts +€7,974
up €7,974 (+11.5%), from €69,240 to €77,214
- Profit (loss) carried forward -€4,653
down €4,653 (-35.4%), from €13,152 to €8,499
- Gross operating margin +€48,721
up €48,721, from -€7,299 to €41,423
- Staff costs +€22,224
up €22,224 (+13,604%), from €163 to €22,387
- Financial charges -€2,146
down €2,146 (-14.8%), from €14,537 to €12,391
- Other operating charges -€1,679
down €1,679 (-40.8%), from €4,116 to €2,437
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 | €386,320 | €369,576 | -€16,744 | -4.3% |
| Fixed assets | 21/28 | €275,631 | €264,943 | -€10,688 | -3.9% |
| Tangible fixed assets | 22/27 | €271,496 | €262,693 | -€8,803 | -3.2% |
| Land and buildings | 22 | €270,027 | €262,585 | -€7,442 | -2.8% |
| Furniture and vehicles | 24 | €1,469 | €107 | -€1,361 | -92.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €4,135 | €2,250 | -€1,885 | -45.6% |
| Current assets | 29/58 | €110,689 | €104,633 | -€6,055 | -5.5% |
| Stocks and contracts in progress | 3 | €71,526 | €82,949 | +€11,423 | +16.0% |
| Stocks | 30/36 | €71,526 | €82,949 | +€11,423 | +16.0% |
| Amounts receivable within one year | 40/41 | €30,030 | €4,597 | -€25,432 | -84.7% |
| Trade receivables | 40 | €2,918 | €4,267 | +€1,350 | +46.3% |
| Other amounts receivable | 41 | €27,112 | €330 | -€26,782 | -98.8% |
| Cash at bank and in hand | 54/58 | €2,710 | €11,128 | +€8,419 | +311% |
| Deferred charges and accrued income | 490/1 | €6,424 | €5,959 | -€465 | -7.2% |
| Total equity and liabilities | 10/49 | €386,320 | €369,576 | -€16,744 | -4.3% |
| Equity | 10/15 | €44,202 | €39,549 | -€4,653 | -10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,450 | €12,450 | = | 0.0% |
| Distributable reserves | 133 | €12,450 | €12,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,152 | €8,499 | -€4,653 | -35.4% |
| Amounts payable | 17/49 | €342,118 | €330,027 | -€12,091 | -3.5% |
| Amounts payable after more than one year | 17 | €201,161 | €181,258 | -€19,903 | -9.9% |
| Financial debts | 170/4 | €201,161 | €181,258 | -€19,903 | -9.9% |
| Amounts payable within one year | 42/48 | €119,088 | €130,441 | +€11,353 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €19,125 | €19,903 | +€779 | +4.1% |
| Trade debts | 44 | €18,137 | €20,813 | +€2,676 | +14.8% |
| Suppliers | 440/4 | €18,137 | €20,813 | +€2,676 | +14.8% |
| Taxes, remuneration and social security | 45 | €12,587 | €12,511 | -€76 | -0.6% |
| Taxes | 450/3 | €8,087 | €8,989 | +€902 | +11.2% |
| Remuneration and social security | 454/9 | €4,500 | €3,522 | -€978 | -21.7% |
| Other amounts payable | 47/48 | €69,240 | €77,214 | +€7,974 | +11.5% |
| Accrued charges and deferred income | 492/3 | €21,869 | €18,329 | -€3,540 | -16.2% |
| Remuneration, social security and pensions | 62 | €163 | €22,387 | +€22,224 | +13,604% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,178 | €8,803 | -€375 | -4.1% |
| Other operating charges | 640/8 | €4,116 | €2,437 | -€1,679 | -40.8% |
| Non-recurring operating charges | 66A | €1,865 | €0 | -€1,865 | -100% |
| Gross operating margin | 9900 | -€7,299 | €41,423 | +€48,721 | |
| Operating profit (loss) | 9901 | -€22,621 | €7,795 | +€30,416 | |
| Financial income | 75/76B | €0 | €85 | +€85 | |
| Recurring financial income | 75 | €0 | €85 | +€85 | |
| Financial charges | 65/66B | €14,537 | €12,391 | -€2,146 | -14.8% |
| Recurring financial charges | 65 | €14,537 | €12,391 | -€2,146 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,158 | -€4,511 | +€32,647 | +87.9% |
| Income taxes | 67/77 | €155 | €142 | -€13 | -8.3% |
| Profit (loss) for the period | 9904 | -€37,313 | -€4,653 | +€32,660 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,313 | -€4,653 | +€32,660 | +87.5% |
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 28 October 2026 via checked.be.