Nathalie Martens: what changed
What changed
Nathalie Martens
filed annual accounts (NBB)
Net result for the year
€25,056
2024 · -€22,245+€47,301
Equity
€11,124
2024 · -€13,932+€25,056
Cash
€3,054
2024 · €1,536+€1,518
Balance sheet total
€377,883
2024 · €386,972-€9,089
Largest movements
Assets
- Receivables within one year -€9,205
down €9,205 (-11.1%), from €82,778 to €73,574
Equity and liabilities
- Debts after one year -€37,027
down €37,027 (-10.3%), from €361,222 to €324,195
- Profit (loss) carried forward +€22,245
no longer reported in 2025 (was -€22,245)
Income statement
- Financial income +€60,000
new in 2025: €60,000
- Financial charges +€8,854
up €8,854 (+95.4%), from €9,283 to €18,136
- Gross operating margin -€4,160
down €4,160 (-36.5%), from -€11,388 to -€15,548
- Taxes -€228
no longer reported in 2025 (was €228)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€22,245
Gross operating margin
-€4,160
Other operating charges
+€87
Financial income
+€60,000
Financial charges
-€8,854
Taxes
+€228
Result 2025
€25,056
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€37,142
Investment
€0
Financing
-€35,624
Cash 2024
€1,536
From operations (derived)
+€37,142
Net result for the year
+€25,056
Depreciation
+€1,039
Receivables within one year
+€9,205
Deferred charges and accrued income
+€363
Trade debts
+€988
Other debts
+€491
Financing
-€35,624
Debts after one year
-€37,027
Current portion of long-term debt
+€1,403
Cash 2025
€3,054
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,972 | €377,883 | -€9,089 | -2.3% |
| Fixed assets | 21/28 | €302,145 | €301,105 | -€1,039 | -0.3% |
| Tangible fixed assets | 22/27 | €2,145 | €1,105 | -€1,039 | -48.5% |
| Plant, machinery and equipment | 23 | €1,142 | €774 | -€368 | -32.2% |
| Furniture and vehicles | 24 | €1,002 | €331 | -€671 | -67.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €84,827 | €76,778 | -€8,050 | -9.5% |
| Amounts receivable within one year | 40/41 | €82,778 | €73,574 | -€9,205 | -11.1% |
| Other amounts receivable | 41 | €82,778 | €73,574 | -€9,205 | -11.1% |
| Cash at bank and in hand | 54/58 | €1,536 | €3,054 | +€1,518 | +98.8% |
| Deferred charges and accrued income | 490/1 | €513 | €150 | -€363 | -70.7% |
| Total equity and liabilities | 10/49 | €386,972 | €377,883 | -€9,089 | -2.3% |
| Equity | 10/15 | -€13,932 | €11,124 | +€25,056 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,313 | €10,124 | +€2,811 | +38.4% |
| Distributable reserves | 133 | €7,313 | €10,124 | +€2,811 | +38.4% |
| Profit (loss) carried forward | 14 | -€22,245 | - | +€22,245 | |
| Amounts payable | 17/49 | €400,905 | €366,759 | -€34,145 | -8.5% |
| Amounts payable after more than one year | 17 | €361,222 | €324,195 | -€37,027 | -10.3% |
| Financial debts | 170/4 | €361,222 | €324,195 | -€37,027 | -10.3% |
| Amounts payable within one year | 42/48 | €39,683 | €42,565 | +€2,882 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €35,624 | €37,027 | +€1,403 | +3.9% |
| Trade debts | 44 | €1,166 | €2,154 | +€988 | +84.7% |
| Suppliers | 440/4 | €1,166 | €2,154 | +€988 | +84.7% |
| Other amounts payable | 47/48 | €2,892 | €3,383 | +€491 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €1,039 | = | 0.0% |
| Other operating charges | 640/8 | €307 | €220 | -€87 | -28.2% |
| Gross operating margin | 9900 | -€11,388 | -€15,548 | -€4,160 | -36.5% |
| Operating profit (loss) | 9901 | -€12,735 | -€16,808 | -€4,073 | -32.0% |
| Financial income | 75/76B | - | €60,000 | +€60,000 | |
| Recurring financial income | 75 | - | €60,000 | +€60,000 | |
| Financial charges | 65/66B | €9,283 | €18,136 | +€8,854 | +95.4% |
| Recurring financial charges | 65 | €9,283 | €18,136 | +€8,854 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,017 | €25,056 | +€47,073 | |
| Income taxes | 67/77 | €228 | - | -€228 | |
| Profit (loss) for the period | 9904 | -€22,245 | €25,056 | +€47,301 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,245 | €25,056 | +€47,301 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.