NATEXIS: 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.
NATEXIS
Largest movements
- Receivables within one year -€26,057
down €26,057 (-18.8%), from €138,741 to €112,684
of which Other amounts receivable: -€16,086
- Cash +€22,964
up €22,964 (+776%), from €2,957 to €25,921
mainly Debts after one year (+€181,618) and Current portion of long-term debt (+€29,276)
- Tangible fixed assets -€6,301
down €6,301 (-29.5%), from €21,355 to €15,054
- Other debts -€255,211
down €255,211 (-98.2%), from €260,000 to €4,789
- Debts after one year +€181,618
up €181,618 (+3,603%), from €5,041 to €186,659
- Current portion of long-term debt +€29,276
up €29,276 (+166%), from €17,621 to €46,897
- Profit (loss) carried forward +€23,210
up €23,210 (+18.8%), from €123,677 to €146,888
- Tax, wage and social debts +€8,686
up €8,686 (+216%), from €4,020 to €12,707
of which Taxes: +€6,621
- Financial charges +€6,479
up €6,479 (+496%), from €1,307 to €7,785
- Gross operating margin +€1,589
up €1,589 (+3.7%), from €42,803 to €44,392
- Financial income +€1,135
up €1,135 (+249%), from €455 to €1,591
- Taxes -€962
down €962 (-10.4%), from €9,248 to €8,286
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 | €414,623 | €404,337 | -€10,287 | -2.5% |
| Fixed assets | 21/28 | €271,355 | €265,054 | -€6,301 | -2.3% |
| Tangible fixed assets | 22/27 | €21,355 | €15,054 | -€6,301 | -29.5% |
| Furniture and vehicles | 24 | €21,355 | €15,054 | -€6,301 | -29.5% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €143,268 | €139,283 | -€3,985 | -2.8% |
| Amounts receivable within one year | 40/41 | €138,741 | €112,684 | -€26,057 | -18.8% |
| Trade receivables | 40 | €59,809 | €49,838 | -€9,971 | -16.7% |
| Other amounts receivable | 41 | €78,932 | €62,846 | -€16,086 | -20.4% |
| Cash at bank and in hand | 54/58 | €2,957 | €25,921 | +€22,964 | +776% |
| Deferred charges and accrued income | 490/1 | €1,570 | €677 | -€893 | -56.9% |
| Total equity and liabilities | 10/49 | €414,623 | €404,337 | -€10,287 | -2.5% |
| Equity | 10/15 | €126,677 | €149,888 | +€23,210 | +18.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,677 | €146,888 | +€23,210 | +18.8% |
| Amounts payable | 17/49 | €287,946 | €254,449 | -€33,497 | -11.6% |
| Amounts payable after more than one year | 17 | €5,041 | €186,659 | +€181,618 | +3,603% |
| Financial debts | 170/4 | €5,041 | €186,659 | +€181,618 | +3,603% |
| Amounts payable within one year | 42/48 | €282,905 | €67,790 | -€215,115 | -76.0% |
| Current portion of amounts payable after more than one year | 42 | €17,621 | €46,897 | +€29,276 | +166% |
| Trade debts | 44 | €1,263 | €3,397 | +€2,134 | +169% |
| Suppliers | 440/4 | €1,263 | €3,397 | +€2,134 | +169% |
| Taxes, remuneration and social security | 45 | €4,020 | €12,707 | +€8,686 | +216% |
| Taxes | 450/3 | €3,476 | €10,097 | +€6,621 | +191% |
| Remuneration and social security | 454/9 | €544 | €2,609 | +€2,065 | +379% |
| Other amounts payable | 47/48 | €260,000 | €4,789 | -€255,211 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,301 | €6,301 | = | 0.0% |
| Other operating charges | 640/8 | €687 | €400 | -€288 | -41.8% |
| Gross operating margin | 9900 | €42,803 | €44,392 | +€1,589 | +3.7% |
| Operating profit (loss) | 9901 | €35,815 | €37,691 | +€1,877 | +5.2% |
| Financial income | 75/76B | €455 | €1,591 | +€1,135 | +249% |
| Recurring financial income | 75 | €455 | €1,591 | +€1,135 | +249% |
| Financial charges | 65/66B | €1,307 | €7,785 | +€6,479 | +496% |
| Recurring financial charges | 65 | €1,307 | €7,785 | +€6,479 | +496% |
| Profit (loss) for the period before taxes | 9903 | €34,963 | €31,497 | -€3,467 | -9.9% |
| Income taxes | 67/77 | €9,248 | €8,286 | -€962 | -10.4% |
| Profit (loss) for the period | 9904 | €25,715 | €23,210 | -€2,505 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,715 | €23,210 | -€2,505 | -9.7% |
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 23 October 2026 via checked.be.