Nathiko: 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.
Nathiko
Largest movements
- Tangible fixed assets -€11,756
down €11,756 (-19.7%), from €59,812 to €48,057
of which Furniture and vehicles: -€12,146
- Deferred charges and accrued income +€7,882
new in 2025: €7,882
- Cash +€7,649
up €7,649 (+36.3%), from €21,081 to €28,729
mainly Net result for the year (+€14,116) and Depreciation (+€12,664)
- Receivables within one year +€5,724
up €5,724 (+26.0%), from €22,023 to €27,747
of which Trade receivables: +€10,224
- Trade debts -€16,827
down €16,827 (-81.8%), from €20,559 to €3,732
- Profit (loss) carried forward +€14,116
up €14,116 (+52.7%), from -€26,763 to -€12,648
- Tax, wage and social debts +€10,083
up €10,083 (+765%), from €1,318 to €11,401
of which Taxes: +€11,074
- Other debts +€1,768
up €1,768 (+2.2%), from €81,301 to €83,068
- Gross operating margin +€33,603
up €33,603, from -€4,354 to €29,249
- Staff costs -€18,891
down €18,891, from €18,771 to -€120
- Depreciation +€9,674
up €9,674 (+324%), from €2,990 to €12,664
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 | €103,091 | €112,590 | +€9,500 | +9.2% |
| Fixed assets | 21/28 | €59,987 | €48,232 | -€11,756 | -19.6% |
| Tangible fixed assets | 22/27 | €59,812 | €48,057 | -€11,756 | -19.7% |
| Plant, machinery and equipment | 23 | €2,004 | €2,394 | +€390 | +19.5% |
| Furniture and vehicles | 24 | €57,808 | €45,662 | -€12,146 | -21.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €43,104 | €64,359 | +€21,255 | +49.3% |
| Amounts receivable within one year | 40/41 | €22,023 | €27,747 | +€5,724 | +26.0% |
| Trade receivables | 40 | €15,939 | €26,163 | +€10,224 | +64.1% |
| Other amounts receivable | 41 | €6,084 | €1,584 | -€4,500 | -74.0% |
| Cash at bank and in hand | 54/58 | €21,081 | €28,729 | +€7,649 | +36.3% |
| Deferred charges and accrued income | 490/1 | - | €7,882 | +€7,882 | |
| Total equity and liabilities | 10/49 | €103,091 | €112,590 | +€9,500 | +9.2% |
| Equity | 10/15 | -€87 | €14,028 | +€14,116 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,276 | €14,276 | = | 0.0% |
| Distributable reserves | 133 | €14,276 | €14,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,763 | -€12,648 | +€14,116 | +52.7% |
| Amounts payable | 17/49 | €103,178 | €98,562 | -€4,616 | -4.5% |
| Amounts payable within one year | 42/48 | €103,178 | €98,202 | -€4,976 | -4.8% |
| Trade debts | 44 | €20,559 | €3,732 | -€16,827 | -81.8% |
| Suppliers | 440/4 | €20,559 | €3,732 | -€16,827 | -81.8% |
| Taxes, remuneration and social security | 45 | €1,318 | €11,401 | +€10,083 | +765% |
| Taxes | 450/3 | €328 | €11,401 | +€11,074 | +3,379% |
| Remuneration and social security | 454/9 | €991 | - | -€991 | |
| Other amounts payable | 47/48 | €81,301 | €83,068 | +€1,768 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €360 | +€360 | |
| Non-recurring operating income | 76A | €5,049 | - | -€5,049 | |
| Remuneration, social security and pensions | 62 | €18,771 | -€120 | -€18,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,990 | €12,664 | +€9,674 | +324% |
| Other operating charges | 640/8 | €2,475 | €2,255 | -€220 | -8.9% |
| Gross operating margin | 9900 | -€4,354 | €29,249 | +€33,603 | |
| Operating profit (loss) | 9901 | -€28,590 | €14,450 | +€43,039 | |
| Financial income | 75/76B | €205 | €215 | +€10 | +4.8% |
| Recurring financial income | 75 | €205 | €215 | +€10 | +4.8% |
| Financial charges | 65/66B | €382 | €393 | +€11 | +3.0% |
| Recurring financial charges | 65 | €382 | €393 | +€11 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,767 | €14,271 | +€43,038 | |
| Income taxes | 67/77 | €328 | €155 | -€172 | -52.6% |
| Profit (loss) for the period | 9904 | -€29,095 | €14,116 | +€43,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,095 | €14,116 | +€43,210 |
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 13 October 2026 via checked.be.