NATECSO: 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.
NATECSO
Largest movements
- Receivables within one year -€4,054
down €4,054 (-29.0%), from €13,961 to €9,906
of which Trade receivables: -€4,038
- Advances received -€6,418
no longer reported in 2025 (was €6,418)
- Reserves +€2,112
up €2,112 (+2.0%), from €107,064 to €109,175
- Gross operating margin +€1,381
up €1,381 (+61.8%), from €2,233 to €3,614
- Taxes +€355
up €355 (+85.9%), from €413 to €769
- Other operating charges -€184
down €184 (-21.6%), from €851 to €667
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 | €168,722 | €164,523 | -€4,199 | -2.5% |
| Fixed assets | 21/28 | €154,483 | €154,483 | = | 0.0% |
| Financial fixed assets | 28 | €154,483 | €154,483 | = | 0.0% |
| Current assets | 29/58 | €14,239 | €10,040 | -€4,199 | -29.5% |
| Amounts receivable within one year | 40/41 | €13,961 | €9,906 | -€4,054 | -29.0% |
| Trade receivables | 40 | €13,930 | €9,892 | -€4,038 | -29.0% |
| Other amounts receivable | 41 | €31 | €15 | -€16 | -52.5% |
| Cash at bank and in hand | 54/58 | €278 | €113 | -€166 | -59.6% |
| Deferred charges and accrued income | 490/1 | - | €21 | +€21 | |
| Total equity and liabilities | 10/49 | €168,722 | €164,523 | -€4,199 | -2.5% |
| Equity | 10/15 | €157,064 | €159,175 | +€2,112 | +1.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | - | -€50,000 | |
| Other | 1109/19 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €107,064 | €109,175 | +€2,112 | +2.0% |
| Distributable reserves | 133 | €107,064 | €109,175 | +€2,112 | +2.0% |
| Amounts payable | 17/49 | €11,658 | €5,348 | -€6,311 | -54.1% |
| Amounts payable within one year | 42/48 | €11,658 | €5,348 | -€6,311 | -54.1% |
| Trade debts | 44 | €4,643 | €4,165 | -€477 | -10.3% |
| Suppliers | 440/4 | €4,643 | €4,165 | -€477 | -10.3% |
| Advances received on contracts in progress | 46 | €6,418 | - | -€6,418 | |
| Taxes, remuneration and social security | 45 | €597 | €1,182 | +€585 | +97.9% |
| Taxes | 450/3 | €597 | €1,182 | +€585 | +97.9% |
| Other operating charges | 640/8 | €851 | €667 | -€184 | -21.6% |
| Gross operating margin | 9900 | €2,233 | €3,614 | +€1,381 | +61.8% |
| Operating profit (loss) | 9901 | €1,383 | €2,947 | +€1,565 | +113% |
| Financial charges | 65/66B | €65 | €67 | +€1 | +2.0% |
| Recurring financial charges | 65 | €65 | €67 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €1,317 | €2,880 | +€1,563 | +119% |
| Income taxes | 67/77 | €413 | €769 | +€355 | +85.9% |
| Profit (loss) for the period | 9904 | €904 | €2,112 | +€1,208 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €904 | €2,112 | +€1,208 | +134% |
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.