NATHIMMO: 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.
What changed
NATHIMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€120
2024 · -€26,539+€26,420
Equity
€378,599
2024 · €378,718-€120
Cash
€13,206
2024 · €14,589-€1,383
Balance sheet total
€2.0m
2024 · €2.1m-€84,503
Largest movements
Assets
- Tangible fixed assets -€85,910
down €85,910 (-5.2%), from €1.7m to €1.6m
of which Land and buildings: -€68,696
Equity and liabilities
- Other debts -€44,101
down €44,101 (-4.8%), from €925,783 to €881,682
- Debts after one year -€42,320
down €42,320 (-8.6%), from €492,437 to €450,117
Income statement
- Gross operating margin +€19,764
up €19,764 (+25.4%), from €77,870 to €97,634
- Financial charges -€5,179
down €5,179 (-32.5%), from €15,949 to €10,771
- Financial income +€2,400
up €2,400 (+76.0%), from €3,157 to €5,557
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.
Result 2024
-€26,539
Gross operating margin
+€19,764
Depreciation
-€543
Other operating charges
-€380
Financial income
+€2,400
Financial charges
+€5,179
Result 2025
-€120
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.
From operations
+€34,900
Investment
€0
Financing
-€36,283
Cash 2024
€14,589
From operations (derived)
+€34,900
Net result for the year
-€120
Depreciation
+€85,910
Receivables within one year
-€3,703
Deferred charges and accrued income
+€914
Provisions
-€5,821
Trade debts
-€234
Other debts
-€44,101
Accrued charges and deferred income
+€2,056
Financing
-€36,283
Debts after one year
-€42,320
Current portion of long-term debt
+€469
Short-term financial debts
+€5,568
Cash 2025
€13,206
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,102,753 | €2,018,250 | -€84,503 | -4.0% |
| Fixed assets | 21/28 | €1,654,001 | €1,568,092 | -€85,910 | -5.2% |
| Tangible fixed assets | 22/27 | €1,654,001 | €1,568,092 | -€85,910 | -5.2% |
| Land and buildings | 22 | €1,565,828 | €1,497,132 | -€68,696 | -4.4% |
| Plant, machinery and equipment | 23 | €88,173 | €70,960 | -€17,213 | -19.5% |
| Current assets | 29/58 | €448,752 | €450,158 | +€1,406 | +0.3% |
| Amounts receivable within one year | 40/41 | €254,529 | €258,232 | +€3,703 | +1.5% |
| Trade receivables | 40 | €2,503 | €3,272 | +€769 | +30.7% |
| Other amounts receivable | 41 | €252,026 | €254,960 | +€2,933 | +1.2% |
| Current investments | 50/53 | €177,728 | €177,728 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,589 | €13,206 | -€1,383 | -9.5% |
| Deferred charges and accrued income | 490/1 | €1,906 | €993 | -€914 | -47.9% |
| Total equity and liabilities | 10/49 | €2,102,753 | €2,018,250 | -€84,503 | -4.0% |
| Equity | 10/15 | €378,718 | €378,599 | -€120 | 0.0% |
| Contributions | 10/11 | €434,062 | €434,062 | = | 0.0% |
| Capital | 10 | €434,062 | €434,062 | = | 0.0% |
| Issued capital | 100 | €434,062 | €434,062 | = | 0.0% |
| Reserves | 13 | €391,348 | €373,884 | -€17,464 | -4.5% |
| Non-distributable reserves | 130/1 | €4,341 | €4,341 | = | 0.0% |
| Legal reserve | 130 | €4,341 | €4,341 | = | 0.0% |
| Tax-exempt reserves | 132 | €387,008 | €369,543 | -€17,464 | -4.5% |
| Profit (loss) carried forward | 14 | -€446,692 | -€429,347 | +€17,345 | +3.9% |
| Provisions and deferred taxes | 16 | €98,965 | €93,143 | -€5,821 | -5.9% |
| Deferred taxes | 168 | €98,965 | €93,143 | -€5,821 | -5.9% |
| Amounts payable | 17/49 | €1,625,070 | €1,546,508 | -€78,562 | -4.8% |
| Amounts payable after more than one year | 17 | €492,437 | €450,117 | -€42,320 | -8.6% |
| Financial debts | 170/4 | €492,437 | €450,117 | -€42,320 | -8.6% |
| Amounts payable within one year | 42/48 | €1,129,540 | €1,091,242 | -€38,299 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €41,851 | €42,320 | +€469 | +1.1% |
| Financial debts | 43 | €161,267 | €166,834 | +€5,568 | +3.5% |
| Credit institutions | 430/8 | €161,267 | €166,834 | +€5,568 | +3.5% |
| Trade debts | 44 | €640 | €406 | -€234 | -36.6% |
| Suppliers | 440/4 | €640 | €406 | -€234 | -36.6% |
| Other amounts payable | 47/48 | €925,783 | €881,682 | -€44,101 | -4.8% |
| Accrued charges and deferred income | 492/3 | €3,093 | €5,149 | +€2,056 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,366 | €85,910 | +€543 | +0.6% |
| Other operating charges | 640/8 | €12,072 | €12,452 | +€380 | +3.1% |
| Gross operating margin | 9900 | €77,870 | €97,634 | +€19,764 | +25.4% |
| Operating profit (loss) | 9901 | -€19,568 | -€727 | +€18,841 | +96.3% |
| Financial income | 75/76B | €3,157 | €5,557 | +€2,400 | +76.0% |
| Recurring financial income | 75 | €3,157 | €5,557 | +€2,400 | +76.0% |
| Financial charges | 65/66B | €15,949 | €10,771 | -€5,179 | -32.5% |
| Recurring financial charges | 65 | €15,949 | €10,771 | -€5,179 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,360 | -€5,941 | +€26,420 | +81.6% |
| Transfer from deferred taxes | 780 | €5,821 | €5,821 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€26,539 | -€120 | +€26,420 | +99.5% |
| Transfer from tax-exempt reserves | 789 | €17,464 | €17,464 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,075 | €17,345 | +€26,420 |
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 1 October 2026 via checked.be.