NATESYS: 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.
NATESYS
Largest movements
- Tangible fixed assets -€23,876
down €23,876 (-6.4%), from €372,530 to €348,655
of which Land and buildings: -€24,052
- Receivables within one year +€5,241
up €5,241 (+49.4%), from €10,599 to €15,840
of which Other amounts receivable: +€5,241
- Cash -€5,189
no longer reported in 2024 (was €5,189)
mainly Debts after one year (-€23,411) and Tax, wage and social debts (-€7,819)
- Debts after one year -€23,411
down €23,411 (-25.4%), from €92,180 to €68,768
- Reserves +€16,235
up €16,235 (+15.0%), from €108,449 to €124,684
of which Distributable reserves: +€16,903
- Tax, wage and social debts -€7,819
down €7,819 (-60.5%), from €12,919 to €5,100
of which Taxes: -€8,429
- Other debts -€5,431
down €5,431 (-35.9%), from €15,108 to €9,677
- Gross operating margin -€28,783
down €28,783 (-34.7%), from €82,878 to €54,095
- Taxes -€10,321
down €10,321 (-59.5%), from €17,360 to €7,039
- Financial income -€983
down €983 (-99.7%), from €986 to €3
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 | €389,397 | €365,326 | -€24,071 | -6.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €372,555 | €348,680 | -€23,876 | -6.4% |
| Tangible fixed assets | 22/27 | €372,530 | €348,655 | -€23,876 | -6.4% |
| Land and buildings | 22 | €372,112 | €348,060 | -€24,052 | -6.5% |
| Plant, machinery and equipment | 23 | €0 | €594 | +€594 | |
| Furniture and vehicles | 24 | €418 | €0 | -€418 | -100.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €16,842 | €16,647 | -€195 | -1.2% |
| Amounts receivable within one year | 40/41 | €10,599 | €15,840 | +€5,241 | +49.4% |
| Trade receivables | 40 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €599 | €5,840 | +€5,241 | +875.6% |
| Cash at bank and in hand | 54/58 | €5,189 | - | -€5,189 | |
| Deferred charges and accrued income | 490/1 | €1,054 | €807 | -€247 | -23.4% |
| Total equity and liabilities | 10/49 | €389,397 | €365,326 | -€24,071 | -6.2% |
| Equity | 10/15 | €227,099 | €243,334 | +€16,235 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,449 | €124,684 | +€16,235 | +15.0% |
| Tax-exempt reserves | 132 | €35,274 | €34,607 | -€668 | -1.9% |
| Distributable reserves | 133 | €73,175 | €90,078 | +€16,903 | +23.1% |
| Profit (loss) carried forward | 14 | €100,050 | €100,050 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,658 | €5,436 | -€223 | -3.9% |
| Deferred taxes | 168 | €5,658 | €5,436 | -€223 | -3.9% |
| Amounts payable | 17/49 | €156,640 | €116,557 | -€40,083 | -25.6% |
| Amounts payable after more than one year | 17 | €92,180 | €68,768 | -€23,411 | -25.4% |
| Financial debts | 170/4 | €92,180 | €68,768 | -€23,411 | -25.4% |
| Amounts payable within one year | 42/48 | €64,461 | €47,788 | -€16,672 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €28,202 | €25,131 | -€3,070 | -10.9% |
| Financial debts | 43 | €7,829 | €7,880 | +€52 | +0.7% |
| Credit institutions | 430/8 | €7,829 | €7,880 | +€52 | +0.7% |
| Trade debts | 44 | €403 | - | -€403 | |
| Suppliers | 440/4 | €403 | - | -€403 | |
| Taxes, remuneration and social security | 45 | €12,919 | €5,100 | -€7,819 | -60.5% |
| Taxes | 450/3 | €12,029 | €3,600 | -€8,429 | -70.1% |
| Remuneration and social security | 454/9 | €891 | €1,500 | +€610 | +68.4% |
| Other amounts payable | 47/48 | €15,108 | €9,677 | -€5,431 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,540 | €24,536 | -€3 | 0.0% |
| Other operating charges | 640/8 | €2,409 | €2,494 | +€85 | +3.5% |
| Gross operating margin | 9900 | €82,878 | €54,095 | -€28,783 | -34.7% |
| Operating profit (loss) | 9901 | €55,930 | €27,065 | -€28,865 | -51.6% |
| Financial income | 75/76B | €986 | €3 | -€983 | -99.7% |
| Recurring financial income | 75 | €986 | €3 | -€983 | -99.7% |
| Financial charges | 65/66B | €3,954 | €4,017 | +€62 | +1.6% |
| Recurring financial charges | 65 | €3,954 | €4,017 | +€62 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €52,961 | €23,051 | -€29,910 | -56.5% |
| Transfer from deferred taxes | 780 | €223 | €223 | = | 0.0% |
| Income taxes | 67/77 | €17,360 | €7,039 | -€10,321 | -59.5% |
| Profit (loss) for the period | 9904 | €35,824 | €16,235 | -€19,589 | -54.7% |
| Transfer from tax-exempt reserves | 789 | €668 | €668 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,492 | €16,903 | -€19,589 | -53.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.