NATCHACO: 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.
NATCHACO
Largest movements
- Current investments +€130,001
up €130,001 (+16.3%), from €800,000 to €930,001
- Cash +€104,850
up €104,850 (+77.6%), from €135,151 to €240,001
mainly Receivables within one year (+€85,351) and Net result for the year (+€83,899)
- Receivables within one year -€85,351
no longer reported in 2025 (was €85,351)
- Tangible fixed assets -€76,502
down €76,502 (-3.1%), from €2.4m to €2.4m
of which Land and buildings: -€80,151
- Reserves +€83,898
up €83,898 (+39.5%), from €212,565 to €296,462
of which Distributable reserves: +€86,030
- Gross operating margin +€22,445
up €22,445 (+9.9%), from €225,605 to €248,050
- Financial charges +€13,302
up €13,302 (+22.1%), from €60,152 to €73,454
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 | €3,453,401 | €3,525,662 | +€72,261 | +2.1% |
| Fixed assets | 21/28 | €2,428,890 | €2,352,388 | -€76,502 | -3.1% |
| Tangible fixed assets | 22/27 | €2,428,890 | €2,352,388 | -€76,502 | -3.1% |
| Land and buildings | 22 | €2,425,603 | €2,345,452 | -€80,151 | -3.3% |
| Plant, machinery and equipment | 23 | €2,929 | €2,014 | -€915 | -31.2% |
| Furniture and vehicles | 24 | €357 | €4,921 | +€4,564 | +1277.9% |
| Current assets | 29/58 | €1,024,512 | €1,173,274 | +€148,763 | +14.5% |
| Amounts receivable within one year | 40/41 | €85,351 | - | -€85,351 | |
| Trade receivables | 40 | €85,351 | - | -€85,351 | |
| Current investments | 50/53 | €800,000 | €930,001 | +€130,001 | +16.3% |
| Cash at bank and in hand | 54/58 | €135,151 | €240,001 | +€104,850 | +77.6% |
| Deferred charges and accrued income | 490/1 | €4,009 | €3,273 | -€737 | -18.4% |
| Total equity and liabilities | 10/49 | €3,453,401 | €3,525,662 | +€72,261 | +2.1% |
| Equity | 10/15 | €2,360,255 | €2,444,154 | +€83,899 | +3.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €212,565 | €296,462 | +€83,898 | +39.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,265 | €2,132 | -€2,132 | -50.0% |
| Distributable reserves | 133 | €198,300 | €284,330 | +€86,030 | +43.4% |
| Profit (loss) carried forward | 14 | €2,047,691 | €2,047,692 | +€1 | 0.0% |
| Provisions and deferred taxes | 16 | €2,196 | €1,098 | -€1,098 | -50.0% |
| Deferred taxes | 168 | €2,196 | €1,098 | -€1,098 | -50.0% |
| Amounts payable | 17/49 | €1,090,950 | €1,080,410 | -€10,540 | -1.0% |
| Amounts payable within one year | 42/48 | €1,031,814 | €1,019,870 | -€11,944 | -1.2% |
| Trade debts | 44 | €16,393 | €3,662 | -€12,731 | -77.7% |
| Suppliers | 440/4 | €16,393 | €3,662 | -€12,731 | -77.7% |
| Taxes, remuneration and social security | 45 | €15,422 | €16,209 | +€787 | +5.1% |
| Taxes | 450/3 | €15,422 | €16,209 | +€787 | +5.1% |
| Other amounts payable | 47/48 | €1,000,000 | €1,000,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €59,136 | €60,540 | +€1,404 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,106 | €82,340 | +€2,234 | +2.8% |
| Other operating charges | 640/8 | €16,669 | €17,193 | +€524 | +3.1% |
| Gross operating margin | 9900 | €225,605 | €248,050 | +€22,445 | +9.9% |
| Operating profit (loss) | 9901 | €128,829 | €148,517 | +€19,687 | +15.3% |
| Financial income | 75/76B | €17,989 | €16,342 | -€1,647 | -9.2% |
| Recurring financial income | 75 | €17,989 | €16,342 | -€1,647 | -9.2% |
| Financial charges | 65/66B | €60,152 | €73,454 | +€13,302 | +22.1% |
| Recurring financial charges | 65 | €60,152 | €73,454 | +€13,302 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €86,666 | €91,404 | +€4,738 | +5.5% |
| Transfer from deferred taxes | 780 | €1,098 | €1,098 | = | 0.0% |
| Income taxes | 67/77 | €8,170 | €8,603 | +€433 | +5.3% |
| Profit (loss) for the period | 9904 | €79,594 | €83,899 | +€4,305 | +5.4% |
| Transfer from tax-exempt reserves | 789 | €2,132 | €2,132 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,726 | €86,031 | +€4,305 | +5.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.