NATEC5 IMMO: 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.
NATEC5 IMMO
Largest movements
- Cash -€37,808
down €37,808 (-26.0%), from €145,202 to €107,393
mainly Contributions, distributions and other (-€150,737) and Other debts (-€50,000)
- Tangible fixed assets -€32,449
down €32,449 (-9.8%), from €331,511 to €299,061
of which Land and buildings: -€27,426
- Other debts -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Profit (loss) carried forward -€19,593
down €19,593 (-9.7%), from €202,386 to €182,793
- Gross operating margin +€5,827
up €5,827 (+2.9%), from €200,370 to €206,198
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 | €518,712 | €450,777 | -€67,935 | -13.1% |
| Fixed assets | 21/28 | €331,511 | €299,061 | -€32,449 | -9.8% |
| Tangible fixed assets | 22/27 | €331,511 | €299,061 | -€32,449 | -9.8% |
| Land and buildings | 22 | €301,917 | €274,492 | -€27,426 | -9.1% |
| Plant, machinery and equipment | 23 | €24,411 | €20,887 | -€3,523 | -14.4% |
| Furniture and vehicles | 24 | €5,182 | €3,682 | -€1,500 | -28.9% |
| Current assets | 29/58 | €187,202 | €151,716 | -€35,486 | -19.0% |
| Amounts receivable within one year | 40/41 | €42,000 | €44,322 | +€2,322 | +5.5% |
| Other amounts receivable | 41 | €42,000 | €44,322 | +€2,322 | +5.5% |
| Cash at bank and in hand | 54/58 | €145,202 | €107,393 | -€37,808 | -26.0% |
| Total equity and liabilities | 10/49 | €518,712 | €450,777 | -€67,935 | -13.1% |
| Equity | 10/15 | €276,259 | €255,929 | -€20,330 | -7.4% |
| Contributions | 10/11 | €60,973 | €60,973 | = | 0.0% |
| Reserves | 13 | €8,209 | €8,209 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,122 | €4,122 | = | 0.0% |
| Distributable reserves | 133 | €4,087 | €4,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,386 | €182,793 | -€19,593 | -9.7% |
| Investment grants | 15 | €4,690 | €3,953 | -€737 | -15.7% |
| Amounts payable | 17/49 | €242,453 | €194,849 | -€47,605 | -19.6% |
| Amounts payable within one year | 42/48 | €242,453 | €194,849 | -€47,605 | -19.6% |
| Trade debts | 44 | €776 | €1,299 | +€524 | +67.5% |
| Suppliers | 440/4 | €776 | €1,299 | +€524 | +67.5% |
| Taxes, remuneration and social security | 45 | €41,678 | €43,549 | +€1,872 | +4.5% |
| Taxes | 450/3 | €41,678 | €43,549 | +€1,872 | +4.5% |
| Other amounts payable | 47/48 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,122 | €32,449 | +€327 | +1.0% |
| Other operating charges | 640/8 | €387 | €500 | +€112 | +29.0% |
| Gross operating margin | 9900 | €200,370 | €206,198 | +€5,827 | +2.9% |
| Operating profit (loss) | 9901 | €167,861 | €173,249 | +€5,388 | +3.2% |
| Financial income | 75/76B | €737 | €737 | +€0 | 0.0% |
| Recurring financial income | 75 | €737 | €737 | +€0 | 0.0% |
| Financial charges | 65/66B | €29 | €30 | +€1 | +5.2% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €168,569 | €173,956 | +€5,387 | +3.2% |
| Income taxes | 67/77 | €41,678 | €43,549 | +€1,872 | +4.5% |
| Profit (loss) for the period | 9904 | €126,892 | €130,407 | +€3,515 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €126,892 | €130,407 | +€3,515 | +2.8% |
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 14 October 2026 via checked.be.