NATESSENCE: 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.
NATESSENCE
Largest movements
- Tangible fixed assets -€65,090
down €65,090 (-7.2%), from €901,806 to €836,716
of which Land and buildings: -€87,735
- Cash +€64,368
up €64,368 (+54.4%), from €118,408 to €182,776
mainly Depreciation (+€98,291) and Trade debts (+€68,719)
- Receivables within one year +€50,817
up €50,817 (+22.8%), from €222,739 to €273,556
of which Trade receivables: +€51,047
- Stocks and contracts -€31,215
down €31,215 (-19.2%), from €162,970 to €131,755
- Trade debts +€68,719
up €68,719 (+55.9%), from €122,968 to €191,687
- Debts after one year -€32,630
down €32,630 (-5.9%), from €551,053 to €518,423
- Financial income -€18,866
down €18,866 (-92.3%), from €20,443 to €1,576
- Taxes -€9,630
down €9,630 (-100.0%), from €9,630 to €0
- Gross operating margin -€7,618
down €7,618 (-4.4%), from €171,963 to €164,345
- Staff costs +€6,445
up €6,445 (+17.4%), from €36,990 to €43,435
- Other operating charges +€5,083
up €5,083 (+80.5%), from €6,311 to €11,394
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 | €1,410,131 | €1,432,613 | +€22,482 | +1.6% |
| Fixed assets | 21/28 | €903,086 | €837,995 | -€65,090 | -7.2% |
| Tangible fixed assets | 22/27 | €901,806 | €836,716 | -€65,090 | -7.2% |
| Land and buildings | 22 | €884,909 | €797,173 | -€87,735 | -9.9% |
| Plant, machinery and equipment | 23 | €12,085 | €30,617 | +€18,533 | +153.4% |
| Furniture and vehicles | 24 | €4,813 | €8,925 | +€4,112 | +85.4% |
| Financial fixed assets | 28 | €1,279 | €1,279 | = | 0.0% |
| Current assets | 29/58 | €507,046 | €594,618 | +€87,572 | +17.3% |
| Stocks and contracts in progress | 3 | €162,970 | €131,755 | -€31,215 | -19.2% |
| Stocks | 30/36 | €162,970 | €131,755 | -€31,215 | -19.2% |
| Amounts receivable within one year | 40/41 | €222,739 | €273,556 | +€50,817 | +22.8% |
| Trade receivables | 40 | €75,637 | €126,683 | +€51,047 | +67.5% |
| Other amounts receivable | 41 | €147,102 | €146,873 | -€229 | -0.2% |
| Cash at bank and in hand | 54/58 | €118,408 | €182,776 | +€64,368 | +54.4% |
| Deferred charges and accrued income | 490/1 | €2,929 | €6,531 | +€3,602 | +123.0% |
| Total equity and liabilities | 10/49 | €1,410,131 | €1,432,613 | +€22,482 | +1.6% |
| Equity | 10/15 | €658,516 | €648,730 | -€9,787 | -1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €110,201 | €101,534 | -€8,667 | -7.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €104,001 | €95,334 | -€8,667 | -8.3% |
| Profit (loss) carried forward | 14 | €486,315 | €485,196 | -€1,120 | -0.2% |
| Provisions and deferred taxes | 16 | €34,667 | €31,778 | -€2,889 | -8.3% |
| Deferred taxes | 168 | €34,667 | €31,778 | -€2,889 | -8.3% |
| Amounts payable | 17/49 | €716,948 | €752,105 | +€35,157 | +4.9% |
| Amounts payable after more than one year | 17 | €551,053 | €518,423 | -€32,630 | -5.9% |
| Financial debts | 170/4 | €551,053 | €518,423 | -€32,630 | -5.9% |
| Amounts payable within one year | 42/48 | €165,895 | €233,682 | +€67,787 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €31,338 | €32,630 | +€1,292 | +4.1% |
| Trade debts | 44 | €122,968 | €191,687 | +€68,719 | +55.9% |
| Suppliers | 440/4 | €122,968 | €191,687 | +€68,719 | +55.9% |
| Taxes, remuneration and social security | 45 | €8,435 | €5,728 | -€2,707 | -32.1% |
| Taxes | 450/3 | €2,878 | €17 | -€2,861 | -99.4% |
| Remuneration and social security | 454/9 | €5,557 | €5,711 | +€154 | +2.8% |
| Other amounts payable | 47/48 | €3,153 | €3,637 | +€484 | +15.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €36,990 | €43,435 | +€6,445 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,373 | €98,291 | -€1,082 | -1.1% |
| Other operating charges | 640/8 | €6,311 | €11,394 | +€5,083 | +80.5% |
| Gross operating margin | 9900 | €171,963 | €164,345 | -€7,618 | -4.4% |
| Operating profit (loss) | 9901 | €29,289 | €11,225 | -€18,064 | -61.7% |
| Financial income | 75/76B | €20,443 | €1,576 | -€18,866 | -92.3% |
| Recurring financial income | 75 | €20,443 | €1,576 | -€18,866 | -92.3% |
| Financial charges | 65/66B | €24,229 | €25,477 | +€1,248 | +5.2% |
| Recurring financial charges | 65 | €24,229 | €25,477 | +€1,248 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €25,503 | -€12,675 | -€38,178 | |
| Transfer from deferred taxes | 780 | €2,889 | €2,889 | +€0 | 0.0% |
| Income taxes | 67/77 | €9,630 | €0 | -€9,630 | -100.0% |
| Profit (loss) for the period | 9904 | €18,761 | -€9,786 | -€28,548 | |
| Transfer from tax-exempt reserves | 789 | €8,667 | €8,667 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,428 | -€1,120 | -€28,548 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.