NatExtra: 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.
NatExtra
Largest movements
- Tangible fixed assets -€68,335
down €68,335 (-4.6%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€62,003
- Cash +€43,588
up €43,588 (+328%), from €13,286 to €56,875
mainly Net result for the year (+€186,107) and Depreciation (+€90,727)
- Deferred charges and accrued income +€20,492
up €20,492 (+773%), from €2,651 to €23,143
- Profit (loss) carried forward +€186,107
up €186,107 (+53.1%), from -€350,174 to -€164,066
- Debts after one year -€167,816
down €167,816 (-26.0%), from €645,385 to €477,569
- Trade debts -€53,832
down €53,832 (-29.2%), from €184,583 to €130,751
- Short-term financial debts -€45,000
down €45,000 (-100%), from €45,000 to €0
- Tax, wage and social debts +€33,105
up €33,105, from €0 to €33,105
- Gross operating margin +€175,328
up €175,328 (+96.2%), from €182,211 to €357,539
- Financial charges -€7,954
down €7,954 (-19.1%), from €41,692 to €33,739
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 | €1,698,159 | €1,702,035 | +€3,876 | +0.2% |
| Fixed assets | 21/28 | €1,488,818 | €1,420,483 | -€68,335 | -4.6% |
| Tangible fixed assets | 22/27 | €1,488,818 | €1,420,483 | -€68,335 | -4.6% |
| Plant, machinery and equipment | 23 | €749,860 | €687,857 | -€62,003 | -8.3% |
| Other tangible fixed assets | 26 | €89,138 | €82,388 | -€6,750 | -7.6% |
| Assets under construction and advance payments | 27 | €649,820 | €650,238 | +€418 | +0.1% |
| Current assets | 29/58 | €209,341 | €281,552 | +€72,211 | +34.5% |
| Stocks and contracts in progress | 3 | €16,671 | €15,189 | -€1,482 | -8.9% |
| Stocks | 30/36 | €16,671 | €15,189 | -€1,482 | -8.9% |
| Amounts receivable within one year | 40/41 | €176,733 | €186,346 | +€9,612 | +5.4% |
| Trade receivables | 40 | €168,296 | €145,333 | -€22,963 | -13.6% |
| Other amounts receivable | 41 | €8,437 | €41,013 | +€32,576 | +386% |
| Cash at bank and in hand | 54/58 | €13,286 | €56,875 | +€43,588 | +328% |
| Deferred charges and accrued income | 490/1 | €2,651 | €23,143 | +€20,492 | +773% |
| Total equity and liabilities | 10/49 | €1,698,159 | €1,702,035 | +€3,876 | +0.2% |
| Equity | 10/15 | €463,378 | €678,664 | +€215,287 | +46.5% |
| Contributions | 10/11 | €733,000 | €733,000 | = | 0.0% |
| Capital | 10 | €733,000 | €733,000 | = | 0.0% |
| Issued capital | 100 | €733,000 | €733,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,174 | -€164,066 | +€186,107 | +53.1% |
| Investment grants | 15 | €80,551 | €109,730 | +€29,179 | +36.2% |
| Amounts payable | 17/49 | €1,234,782 | €1,023,371 | -€211,411 | -17.1% |
| Amounts payable after more than one year | 17 | €645,385 | €477,569 | -€167,816 | -26.0% |
| Financial debts | 170/4 | €645,385 | €477,569 | -€167,816 | -26.0% |
| Amounts payable within one year | 42/48 | €585,583 | €541,646 | -€43,938 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €189,725 | €187,191 | -€2,534 | -1.3% |
| Financial debts | 43 | €45,000 | €0 | -€45,000 | -100% |
| Credit institutions | 430/8 | €45,000 | €0 | -€45,000 | -100% |
| Trade debts | 44 | €184,583 | €130,751 | -€53,832 | -29.2% |
| Suppliers | 440/4 | €184,583 | €130,751 | -€53,832 | -29.2% |
| Taxes, remuneration and social security | 45 | €0 | €33,105 | +€33,105 | |
| Taxes | 450/3 | €0 | €33,105 | +€33,105 | |
| Other amounts payable | 47/48 | €166,276 | €190,599 | +€24,324 | +14.6% |
| Accrued charges and deferred income | 492/3 | €3,813 | €4,156 | +€343 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,497 | €90,727 | +€1,230 | +1.4% |
| Non-recurring operating charges | 66A | €29,829 | €55,599 | +€25,770 | +86.4% |
| Gross operating margin | 9900 | €182,211 | €357,539 | +€175,328 | +96.2% |
| Operating profit (loss) | 9901 | €62,885 | €211,213 | +€148,328 | +236% |
| Financial income | 75/76B | €8,636 | €8,633 | -€3 | 0.0% |
| Recurring financial income | 75 | €8,636 | €8,633 | -€3 | 0.0% |
| Financial charges | 65/66B | €41,692 | €33,739 | -€7,954 | -19.1% |
| Recurring financial charges | 65 | €41,692 | €33,739 | -€7,954 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €29,829 | €186,107 | +€156,279 | +524% |
| Profit (loss) for the period | 9904 | €29,829 | €186,107 | +€156,279 | +524% |
| Profit (loss) for the period to be appropriated | 9905 | €29,829 | €186,107 | +€156,279 | +524% |
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 17 October 2026 via checked.be.