nathami: what changed
Two fiscal 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.
nathami
Largest movements
- Cash -€64,363
down €64,363 (-64.9%), from €99,225 to €34,862
mainly Debts after one year (-€134,000) and Accrued charges and deferred income (-€4,987)
- Tangible fixed assets -€33,609
down €33,609 (-3.7%), from €918,343 to €884,734
- Debts after one year -€134,000
down €134,000 (-13.5%), from €993,000 to €859,000
of which Financial debts: -€134,000
- Profit (loss) carried forward +€44,149
up €44,149 (+59.8%), from -€73,826 to -€29,677
- Gross operating margin +€22,071
up €22,071 (+23.8%), from €92,550 to €114,621
- Financial charges -€4,259
down €4,259 (-11.8%), from €35,973 to €31,715
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.
Cash bridge derived
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 | €1,018,612 | €919,596 | -€99,016 | -9.7% |
| Fixed assets | 21/28 | €918,343 | €884,734 | -€33,609 | -3.7% |
| Tangible fixed assets | 22/27 | €918,343 | €884,734 | -€33,609 | -3.7% |
| Land and buildings | 22 | €918,343 | €884,734 | -€33,609 | -3.7% |
| Current assets | 29/58 | €100,270 | €34,862 | -€65,407 | -65.2% |
| Amounts receivable within one year | 40/41 | €1,044 | - | -€1,044 | |
| Other amounts receivable | 41 | €1,044 | - | -€1,044 | |
| Cash at bank and in hand | 54/58 | €99,225 | €34,862 | -€64,363 | -64.9% |
| Total equity and liabilities | 10/49 | €1,018,612 | €919,596 | -€99,016 | -9.7% |
| Equity | 10/15 | -€58,826 | -€14,677 | +€44,149 | +75.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,826 | -€29,677 | +€44,149 | +59.8% |
| Amounts payable | 17/49 | €1,077,438 | €934,273 | -€143,165 | -13.3% |
| Amounts payable after more than one year | 17 | €993,000 | €859,000 | -€134,000 | -13.5% |
| Financial debts | 170/4 | €969,000 | €835,000 | -€134,000 | -13.8% |
| Other amounts payable | 178/9 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,638 | €62,460 | -€4,178 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €54,000 | €54,000 | = | 0.0% |
| Trade debts | 44 | €2,975 | - | -€2,975 | |
| Suppliers | 440/4 | €2,975 | - | -€2,975 | |
| Advances received on contracts in progress | 46 | €8,288 | €8,460 | +€172 | +2.1% |
| Other amounts payable | 47/48 | €1,375 | - | -€1,375 | |
| Accrued charges and deferred income | 492/3 | €17,800 | €12,813 | -€4,987 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,631 | €33,609 | +€978 | +3.0% |
| Other operating charges | 640/8 | €4,413 | €5,149 | +€736 | +16.7% |
| Gross operating margin | 9900 | €92,550 | €114,621 | +€22,071 | +23.8% |
| Operating profit (loss) | 9901 | €55,506 | €75,864 | +€20,358 | +36.7% |
| Financial charges | 65/66B | €35,973 | €31,715 | -€4,259 | -11.8% |
| Recurring financial charges | 65 | €35,973 | €31,715 | -€4,259 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €19,532 | €44,149 | +€24,616 | +126.0% |
| Profit (loss) for the period | 9904 | €19,532 | €44,149 | +€24,616 | +126.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,532 | €44,149 | +€24,616 | +126.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.