NATE MANAGEMENT: what changed
What changed
NATE MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€54,255
2024 · €153,066-€98,811
Equity
€608,450
2024 · €589,196+€19,255
Cash
€12,336
2024 · €2,600+€9,736
Balance sheet total
€1.1m
2024 · €1.4m-€318,890
Largest movements
Assets
- Financial fixed assets -€465,609
down €465,609 (-43.0%), from €1.1m to €617,910
- Receivables within one year +€141,287
new in 2025: €141,287
Equity and liabilities
- Debts after one year -€328,664
down €328,664 (-61.0%), from €538,720 to €210,056
- Tax, wage and social debts -€42,474
down €42,474 (-38.6%), from €110,102 to €67,628
- Short-term financial debts +€19,706
new in 2025: €19,706
- Reserves +€19,255
up €19,255 (+3.5%), from €554,783 to €574,038
Income statement
- Financial income -€79,641
down €79,641 (-98.1%), from €81,169 to €1,529
- Gross operating margin -€45,191
down €45,191 (-20.7%), from €218,019 to €172,828
- Depreciation -€34,066
down €34,066 (-84.9%), from €40,127 to €6,061
- Financial charges +€31,183
up €31,183 (+58.6%), from €53,176 to €84,359
- Taxes -€23,069
down €23,069 (-44.5%), from €51,798 to €28,729
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€153,066
Gross operating margin
-€45,191
Depreciation
+€34,066
Other operating charges
+€68
Financial income
-€79,641
Financial charges
-€31,183
Taxes
+€23,069
Result 2025
€54,255
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€117,379
Investment
+€463,871
Financing
-€336,757
Cash 2024
€2,600
From operations (derived)
-€117,379
Net result for the year
+€54,255
Depreciation
+€6,061
Receivables within one year
-€141,287
Smaller working-capital items
-€20
Trade debts
+€10,482
Tax, wage and social debts
-€42,474
Other debts
-€4,395
Investment (derived)
+€463,871
Investment in fixed assets (net)
+€464,903
Current investments
-€1,031
Financing
-€336,757
Debts after one year
-€328,664
Current portion of long-term debt
+€7,201
Short-term financial debts
+€19,706
Contributions, distributions and other
-€35,000
Cash 2025
€12,336
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,383,146 | €1,064,256 | -€318,890 | -23.1% |
| Fixed assets | 21/28 | €1,380,491 | €909,527 | -€470,964 | -34.1% |
| Tangible fixed assets | 22/27 | €296,972 | €291,617 | -€5,355 | -1.8% |
| Plant, machinery and equipment | 23 | €2,839 | €2,302 | -€537 | -18.9% |
| Furniture and vehicles | 24 | €30,257 | €25,439 | -€4,818 | -15.9% |
| Other tangible fixed assets | 26 | €263,875 | €263,875 | = | 0.0% |
| Financial fixed assets | 28 | €1,083,519 | €617,910 | -€465,609 | -43.0% |
| Current assets | 29/58 | €2,655 | €154,729 | +€152,074 | +5,728% |
| Amounts receivable within one year | 40/41 | - | €141,287 | +€141,287 | |
| Other amounts receivable | 41 | - | €141,287 | +€141,287 | |
| Current investments | 50/53 | - | €1,031 | +€1,031 | |
| Cash at bank and in hand | 54/58 | €2,600 | €12,336 | +€9,736 | +374% |
| Deferred charges and accrued income | 490/1 | €55 | €75 | +€20 | +36.9% |
| Total equity and liabilities | 10/49 | €1,383,146 | €1,064,256 | -€318,890 | -23.1% |
| Equity | 10/15 | €589,196 | €608,450 | +€19,255 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €554,783 | €574,038 | +€19,255 | +3.5% |
| Distributable reserves | 133 | €554,783 | €574,038 | +€19,255 | +3.5% |
| Profit (loss) carried forward | 14 | €28,212 | €28,212 | = | 0.0% |
| Amounts payable | 17/49 | €793,950 | €455,806 | -€338,144 | -42.6% |
| Amounts payable after more than one year | 17 | €538,720 | €210,056 | -€328,664 | -61.0% |
| Financial debts | 170/4 | €538,720 | €210,056 | -€328,664 | -61.0% |
| Amounts payable within one year | 42/48 | €254,114 | €244,634 | -€9,480 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €25,595 | €32,796 | +€7,201 | +28.1% |
| Financial debts | 43 | - | €19,706 | +€19,706 | |
| Credit institutions | 430/8 | - | €19,706 | +€19,706 | |
| Trade debts | 44 | €3,642 | €14,124 | +€10,482 | +288% |
| Suppliers | 440/4 | €3,642 | €14,124 | +€10,482 | +288% |
| Taxes, remuneration and social security | 45 | €110,102 | €67,628 | -€42,474 | -38.6% |
| Taxes | 450/3 | €110,102 | €67,628 | -€42,474 | -38.6% |
| Other amounts payable | 47/48 | €114,775 | €110,380 | -€4,395 | -3.8% |
| Accrued charges and deferred income | 492/3 | €1,116 | €1,116 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,127 | €6,061 | -€34,066 | -84.9% |
| Other operating charges | 640/8 | €1,021 | €953 | -€68 | -6.7% |
| Gross operating margin | 9900 | €218,019 | €172,828 | -€45,191 | -20.7% |
| Operating profit (loss) | 9901 | €176,870 | €165,814 | -€11,056 | -6.3% |
| Financial income | 75/76B | €81,169 | €1,529 | -€79,641 | -98.1% |
| Recurring financial income | 75 | €81,169 | €1,529 | -€79,641 | -98.1% |
| Financial charges | 65/66B | €53,176 | €84,359 | +€31,183 | +58.6% |
| Recurring financial charges | 65 | €53,176 | €84,359 | +€31,183 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €204,864 | €82,983 | -€121,880 | -59.5% |
| Income taxes | 67/77 | €51,798 | €28,729 | -€23,069 | -44.5% |
| Profit (loss) for the period | 9904 | €153,066 | €54,255 | -€98,811 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €153,066 | €54,255 | -€98,811 | -64.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.