NATHALIE DEGEE: 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 DEGEE
Largest movements
- Cash +€92,228
up €92,228 (+34.6%), from €266,561 to €358,789
mainly Other debts (+€228,660) and Net result for the year (+€59,666)
- Receivables within one year -€13,273
down €13,273 (-24.3%), from €54,679 to €41,406
of which Trade receivables: -€9,396
- Other debts +€228,660
up €228,660 (+2,425%), from €9,428 to €238,088
- Reserves -€163,719
down €163,719 (-54.5%), from €300,362 to €136,643
of which Distributable reserves: -€163,719
- Tax, wage and social debts +€13,984
up €13,984 (+135%), from €10,326 to €24,310
of which Taxes: +€18,584
- Taxes +€18,799
up €18,799 (+342%), from €5,497 to €24,296
- Gross operating margin +€17,490
up €17,490 (+25.9%), from €67,496 to €84,987
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 | €326,933 | €405,889 | +€78,956 | +24.2% |
| Fixed assets | 21/28 | €1,800 | €1,800 | = | 0.0% |
| Intangible fixed assets | 21 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €325,133 | €404,089 | +€78,956 | +24.3% |
| Amounts receivable within one year | 40/41 | €54,679 | €41,406 | -€13,273 | -24.3% |
| Trade receivables | 40 | €50,802 | €41,406 | -€9,396 | -18.5% |
| Other amounts receivable | 41 | €3,877 | - | -€3,877 | |
| Cash at bank and in hand | 54/58 | €266,561 | €358,789 | +€92,228 | +34.6% |
| Deferred charges and accrued income | 490/1 | €3,893 | €3,893 | = | 0.0% |
| Total equity and liabilities | 10/49 | €326,933 | €405,889 | +€78,956 | +24.2% |
| Equity | 10/15 | €306,562 | €142,843 | -€163,719 | -53.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €300,362 | €136,643 | -€163,719 | -54.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €293,502 | €129,783 | -€163,719 | -55.8% |
| Amounts payable | 17/49 | €20,371 | €263,046 | +€242,675 | +1,191% |
| Amounts payable within one year | 42/48 | €20,371 | €263,046 | +€242,675 | +1,191% |
| Trade debts | 44 | €617 | €648 | +€31 | +5.0% |
| Suppliers | 440/4 | €617 | €648 | +€31 | +5.0% |
| Taxes, remuneration and social security | 45 | €10,326 | €24,310 | +€13,984 | +135% |
| Taxes | 450/3 | €5,726 | €24,310 | +€18,584 | +325% |
| Remuneration and social security | 454/9 | €4,600 | - | -€4,600 | |
| Other amounts payable | 47/48 | €9,428 | €238,088 | +€228,660 | +2,425% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30 | - | -€30 | |
| Other operating charges | 640/8 | €1,022 | €807 | -€215 | -21.1% |
| Gross operating margin | 9900 | €67,496 | €84,987 | +€17,490 | +25.9% |
| Operating profit (loss) | 9901 | €66,444 | €84,180 | +€17,736 | +26.7% |
| Financial charges | 65/66B | €72 | €217 | +€146 | +203% |
| Recurring financial charges | 65 | €72 | €217 | +€146 | +203% |
| Profit (loss) for the period before taxes | 9903 | €66,372 | €83,962 | +€17,590 | +26.5% |
| Income taxes | 67/77 | €5,497 | €24,296 | +€18,799 | +342% |
| Profit (loss) for the period | 9904 | €60,875 | €59,666 | -€1,210 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,875 | €59,666 | -€1,210 | -2.0% |
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 27 October 2026 via checked.be.