NATECEL: 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.
NATECEL
Largest movements
- Tangible fixed assets +€60,024
up €60,024 (+162.5%), from €36,945 to €96,969
- Profit (loss) carried forward +€59,757
up €59,757 (+27.8%), from €215,200 to €274,957
- Tax, wage and social debts +€10,783
up €10,783 (+289.5%), from €3,724 to €14,507
of which Remuneration and social security: +€13,509
- Gross operating margin +€67,837
up €67,837 (+109.8%), from €61,769 to €129,606
- Staff costs +€35,208
new in 2024: €35,208
- Financial income +€29,857
up €29,857 (+20940.8%), from €143 to €30,000
- Depreciation +€11,320
up €11,320 (+496.5%), from €2,280 to €13,600
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €947,596 | €1,015,493 | +€67,897 | +7.2% |
| Fixed assets | 21/28 | €890,095 | €950,119 | +€60,024 | +6.7% |
| Tangible fixed assets | 22/27 | €36,945 | €96,969 | +€60,024 | +162.5% |
| Furniture and vehicles | 24 | €36,945 | €96,969 | +€60,024 | +162.5% |
| Financial fixed assets | 28 | €853,150 | €853,150 | = | 0.0% |
| Current assets | 29/58 | €57,501 | €65,374 | +€7,873 | +13.7% |
| Amounts receivable within one year | 40/41 | €54,038 | €62,596 | +€8,558 | +15.8% |
| Trade receivables | 40 | €45,387 | €62,372 | +€16,985 | +37.4% |
| Other amounts receivable | 41 | €8,651 | €224 | -€8,427 | -97.4% |
| Cash at bank and in hand | 54/58 | €897 | €513 | -€384 | -42.8% |
| Deferred charges and accrued income | 490/1 | €2,566 | €2,264 | -€301 | -11.7% |
| Total equity and liabilities | 10/49 | €947,596 | €1,015,493 | +€67,897 | +7.2% |
| Equity | 10/15 | €236,445 | €296,203 | +€59,757 | +25.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,845 | €8,845 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,985 | €6,985 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,200 | €274,957 | +€59,757 | +27.8% |
| Provisions and deferred taxes | 16 | €614,295 | €605,319 | -€8,976 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €614,295 | €605,319 | -€8,976 | -1.5% |
| Environmental obligations | 163 | €614,295 | €605,319 | -€8,976 | -1.5% |
| Amounts payable | 17/49 | €96,856 | €113,972 | +€17,116 | +17.7% |
| Amounts payable within one year | 42/48 | €96,856 | €113,972 | +€17,116 | +17.7% |
| Trade debts | 44 | €17,731 | €27,658 | +€9,927 | +56.0% |
| Suppliers | 440/4 | €17,731 | €27,658 | +€9,927 | +56.0% |
| Taxes, remuneration and social security | 45 | €3,724 | €14,507 | +€10,783 | +289.5% |
| Taxes | 450/3 | €3,724 | €998 | -€2,726 | -73.2% |
| Remuneration and social security | 454/9 | - | €13,509 | +€13,509 | |
| Other amounts payable | 47/48 | €75,401 | €71,807 | -€3,594 | -4.8% |
| Remuneration, social security and pensions | 62 | - | €35,208 | +€35,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,280 | €13,600 | +€11,320 | +496.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,415 | -€8,976 | -€561 | -6.7% |
| Other operating charges | 640/8 | €1,516 | €1,571 | +€54 | +3.6% |
| Gross operating margin | 9900 | €61,769 | €129,606 | +€67,837 | +109.8% |
| Operating profit (loss) | 9901 | €66,388 | €88,204 | +€21,816 | +32.9% |
| Financial income | 75/76B | €143 | €30,000 | +€29,857 | +20940.8% |
| Recurring financial income | 75 | €143 | €30,000 | +€29,857 | +20940.8% |
| Financial charges | 65/66B | €58,211 | €58,447 | +€236 | +0.4% |
| Recurring financial charges | 65 | €58,211 | €58,447 | +€236 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €8,320 | €59,757 | +€51,438 | +618.3% |
| Profit (loss) for the period | 9904 | €8,320 | €59,757 | +€51,438 | +618.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,320 | €59,757 | +€51,438 | +618.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.