NATHALIE: 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.
NATHALIE
Largest movements
- Receivables within one year -€16,560
down €16,560 (-9.4%), from €175,581 to €159,021
- Cash -€7,620
down €7,620 (-36.5%), from €20,855 to €13,236
mainly Contributions, distributions and other (-€18,500) and Net result for the year (-€7,375)
- Contributions -€18,500
down €18,500 (-13.7%), from €135,446 to €116,946
- Reserves -€7,375
down €7,375 (-8.5%), from €86,285 to €78,911
- Gross operating margin -€6,899
down €6,899, from €3,411 to -€3,488
- Financial income -€518
no longer reported in 2026 (was €518)
- Taxes -€148
no longer reported in 2026 (was €148)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,952 | €197,275 | -€24,677 | -11.1% |
| Fixed assets | 21/28 | €24,789 | €24,789 | = | 0.0% |
| Tangible fixed assets | 22/27 | €24,789 | €24,789 | = | 0.0% |
| Land and buildings | 22 | €24,789 | €24,789 | = | 0.0% |
| Current assets | 29/58 | €197,162 | €172,486 | -€24,677 | -12.5% |
| Amounts receivable within one year | 40/41 | €175,581 | €159,021 | -€16,560 | -9.4% |
| Other amounts receivable | 41 | €175,581 | €159,021 | -€16,560 | -9.4% |
| Cash at bank and in hand | 54/58 | €20,855 | €13,236 | -€7,620 | -36.5% |
| Deferred charges and accrued income | 490/1 | €726 | €229 | -€496 | -68.4% |
| Total equity and liabilities | 10/49 | €221,952 | €197,275 | -€24,677 | -11.1% |
| Equity | 10/15 | €221,731 | €195,857 | -€25,875 | -11.7% |
| Contributions | 10/11 | €135,446 | €116,946 | -€18,500 | -13.7% |
| Reserves | 13 | €86,285 | €78,911 | -€7,375 | -8.5% |
| Distributable reserves | 133 | €86,285 | €78,911 | -€7,375 | -8.5% |
| Amounts payable | 17/49 | €220 | €1,418 | +€1,198 | +544% |
| Amounts payable within one year | 42/48 | €220 | €1,418 | +€1,198 | +544% |
| Trade debts | 44 | €208 | - | -€208 | |
| Suppliers | 440/4 | €208 | - | -€208 | |
| Taxes, remuneration and social security | 45 | €12 | - | -€12 | |
| Taxes | 450/3 | €12 | - | -€12 | |
| Other amounts payable | 47/48 | - | €1,418 | +€1,418 | |
| Other operating charges | 640/8 | €3,609 | €3,617 | +€8 | +0.2% |
| Gross operating margin | 9900 | €3,411 | -€3,488 | -€6,899 | |
| Operating profit (loss) | 9901 | -€199 | -€7,105 | -€6,906 | -3,478% |
| Financial income | 75/76B | €518 | - | -€518 | |
| Recurring financial income | 75 | €518 | - | -€518 | |
| Financial charges | 65/66B | €276 | €270 | -€6 | -2.2% |
| Recurring financial charges | 65 | €276 | €270 | -€6 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €43 | -€7,375 | -€7,418 | |
| Income taxes | 67/77 | €148 | - | -€148 | |
| Profit (loss) for the period | 9904 | -€104 | -€7,375 | -€7,270 | -6,976% |
| Profit (loss) for the period to be appropriated | 9905 | -€104 | -€7,375 | -€7,270 | -6,976% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.