NATAXAN: 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.
NATAXAN
Largest movements
- Tangible fixed assets -€20,180
down €20,180 (-7.9%), from €256,775 to €236,595
of which Land and buildings: -€19,676
- Cash +€5,513
up €5,513 (+444%), from €1,243 to €6,756
mainly Other debts (+€40,000) and Depreciation (+€20,180)
- Debts after one year -€57,454
down €57,454 (-30.9%), from €185,746 to €128,292
of which Financial debts: -€57,454
- Other debts +€40,000
up €40,000 (+13.5%), from €296,581 to €336,581
- Current portion of long-term debt +€3,054
up €3,054 (+5.6%), from €54,400 to €57,454
- Gross operating margin +€4,017
up €4,017 (+12.6%), from €31,916 to €35,934
- Financial charges -€2,877
down €2,877 (-20.0%), from €14,371 to €11,494
- Depreciation -€706
down €706 (-3.4%), from €20,886 to €20,180
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 | €258,679 | €244,242 | -€14,438 | -5.6% |
| Fixed assets | 21/28 | €256,775 | €236,595 | -€20,180 | -7.9% |
| Tangible fixed assets | 22/27 | €256,775 | €236,595 | -€20,180 | -7.9% |
| Land and buildings | 22 | €256,271 | €236,595 | -€19,676 | -7.7% |
| Furniture and vehicles | 24 | €504 | €0 | -€504 | -100% |
| Current assets | 29/58 | €1,905 | €7,647 | +€5,742 | +301% |
| Cash at bank and in hand | 54/58 | €1,243 | €6,756 | +€5,513 | +444% |
| Deferred charges and accrued income | 490/1 | €662 | €891 | +€229 | +34.6% |
| Total equity and liabilities | 10/49 | €258,679 | €244,242 | -€14,438 | -5.6% |
| Equity | 10/15 | -€278,707 | -€278,759 | -€52 | 0.0% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €22,454 | €22,454 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,622 | €1,622 | = | 0.0% |
| Legal reserve | 130 | €1,622 | €1,622 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,832 | €20,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€406,161 | -€406,213 | -€52 | 0.0% |
| Amounts payable | 17/49 | €537,386 | €523,001 | -€14,386 | -2.7% |
| Amounts payable after more than one year | 17 | €185,746 | €128,292 | -€57,454 | -30.9% |
| Financial debts | 170/4 | €176,746 | €119,292 | -€57,454 | -32.5% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €351,640 | €394,709 | +€43,069 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €54,400 | €57,454 | +€3,054 | +5.6% |
| Trade debts | 44 | €659 | €674 | +€15 | +2.2% |
| Suppliers | 440/4 | €659 | €674 | +€15 | +2.2% |
| Other amounts payable | 47/48 | €296,581 | €336,581 | +€40,000 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,886 | €20,180 | -€706 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,181 | €4,312 | +€131 | +3.1% |
| Gross operating margin | 9900 | €31,916 | €35,934 | +€4,017 | +12.6% |
| Operating profit (loss) | 9901 | €6,850 | €11,442 | +€4,592 | +67.0% |
| Financial charges | 65/66B | €14,371 | €11,494 | -€2,877 | -20.0% |
| Recurring financial charges | 65 | €14,371 | €11,494 | -€2,877 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,521 | -€52 | +€7,469 | +99.3% |
| Profit (loss) for the period | 9904 | -€7,521 | -€52 | +€7,469 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,521 | -€52 | +€7,469 | +99.3% |
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 15 October 2026 via checked.be.