NATHAJAN: 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.
NATHAJAN
Largest movements
- Tangible fixed assets +€218,697
up €218,697 (+251%), from €87,043 to €305,740
of which Furniture and vehicles: +€272,770
- Cash -€10,683
down €10,683 (-11.6%), from €92,248 to €81,565
mainly Investment in fixed assets (net) (-€252,444) and Trade debts (-€9,896)
- Receivables within one year -€5,192
down €5,192 (-56.7%), from €9,164 to €3,972
of which Other amounts receivable: -€4,059
- Debts after one year +€155,073
new in 2025: €155,073
- Profit (loss) carried forward +€31,691
up €31,691 (+301%), from €10,522 to €42,213
- Current portion of long-term debt +€26,858
up €26,858 (+2,492%), from €1,078 to €27,936
- Trade debts -€9,896
down €9,896 (-9.7%), from €101,823 to €91,926
- Gross operating margin +€45,850
up €45,850 (+20.9%), from €219,642 to €265,492
- Financial charges +€7,882
up €7,882 (+2,403%), from €328 to €8,210
- Depreciation +€4,034
up €4,034 (+13.5%), from €29,880 to €33,914
- Staff costs +€3,609
up €3,609 (+2.0%), from €176,767 to €180,376
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 | €225,208 | €432,272 | +€207,064 | +91.9% |
| Fixed assets | 21/28 | €88,499 | €307,029 | +€218,530 | +247% |
| Intangible fixed assets | 21 | €1,051 | €884 | -€167 | -15.9% |
| Tangible fixed assets | 22/27 | €87,043 | €305,740 | +€218,697 | +251% |
| Plant, machinery and equipment | 23 | €30,098 | €26,025 | -€4,073 | -13.5% |
| Furniture and vehicles | 24 | €6,945 | €279,715 | +€272,770 | +3,928% |
| Assets under construction and advance payments | 27 | €50,000 | - | -€50,000 | |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €136,709 | €125,243 | -€11,466 | -8.4% |
| Stocks and contracts in progress | 3 | €24,193 | €25,793 | +€1,600 | +6.6% |
| Stocks | 30/36 | €24,193 | €25,793 | +€1,600 | +6.6% |
| Amounts receivable within one year | 40/41 | €9,164 | €3,972 | -€5,192 | -56.7% |
| Trade receivables | 40 | €4,331 | €3,198 | -€1,133 | -26.2% |
| Other amounts receivable | 41 | €4,833 | €774 | -€4,059 | -84.0% |
| Cash at bank and in hand | 54/58 | €92,248 | €81,565 | -€10,683 | -11.6% |
| Deferred charges and accrued income | 490/1 | €11,105 | €13,913 | +€2,809 | +25.3% |
| Total equity and liabilities | 10/49 | €225,208 | €432,272 | +€207,064 | +91.9% |
| Equity | 10/15 | €110,522 | €142,213 | +€31,691 | +28.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,522 | €42,213 | +€31,691 | +301% |
| Amounts payable | 17/49 | €114,686 | €290,059 | +€175,374 | +153% |
| Amounts payable after more than one year | 17 | - | €155,073 | +€155,073 | |
| Financial debts | 170/4 | - | €155,073 | +€155,073 | |
| Amounts payable within one year | 42/48 | €114,686 | €134,986 | +€20,300 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €1,078 | €27,936 | +€26,858 | +2,492% |
| Trade debts | 44 | €101,823 | €91,926 | -€9,896 | -9.7% |
| Suppliers | 440/4 | €101,823 | €91,926 | -€9,896 | -9.7% |
| Taxes, remuneration and social security | 45 | €11,785 | €15,123 | +€3,338 | +28.3% |
| Taxes | 450/3 | €7,515 | €15,123 | +€7,609 | +101% |
| Remuneration and social security | 454/9 | €4,271 | - | -€4,271 | |
| Remuneration, social security and pensions | 62 | €176,767 | €180,376 | +€3,609 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,880 | €33,914 | +€4,034 | +13.5% |
| Other operating charges | 640/8 | €5,740 | €8,231 | +€2,491 | +43.4% |
| Gross operating margin | 9900 | €219,642 | €265,492 | +€45,850 | +20.9% |
| Operating profit (loss) | 9901 | €7,255 | €42,971 | +€35,716 | +492% |
| Financial income | 75/76B | €1,066 | €773 | -€294 | -27.5% |
| Recurring financial income | 75 | €1,066 | €773 | -€294 | -27.5% |
| Financial charges | 65/66B | €328 | €8,210 | +€7,882 | +2,403% |
| Recurring financial charges | 65 | €328 | €8,210 | +€7,882 | +2,403% |
| Profit (loss) for the period before taxes | 9903 | €7,994 | €35,534 | +€27,540 | +345% |
| Income taxes | 67/77 | €3,518 | €3,843 | +€325 | +9.2% |
| Profit (loss) for the period | 9904 | €4,476 | €31,691 | +€27,215 | +608% |
| Profit (loss) for the period to be appropriated | 9905 | €4,476 | €31,691 | +€27,215 | +608% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.