NATHINFI: 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.
NATHINFI
Largest movements
- Cash -€38,315
down €38,315 (-26.1%), from €146,876 to €108,561
mainly Net result for the year (-€32,862) and Debts after one year (-€8,552)
- Tangible fixed assets -€11,258
down €11,258 (-25.6%), from €44,021 to €32,763
of which Furniture and vehicles: -€10,791
- Receivables within one year +€4,610
up €4,610 (+15.9%), from €29,023 to €33,633
of which Other amounts receivable: +€5,294
- Profit (loss) carried forward -€32,862
down €32,862 (-20.6%), from €159,472 to €126,610
- Debts after one year -€8,552
down €8,552 (-25.8%), from €33,124 to €24,571
- Tax, wage and social debts -€5,182
down €5,182 (-88.6%), from €5,850 to €668
- Gross operating margin -€14,608
down €14,608 (-2,619%), from -€558 to -€15,166
- Depreciation +€5,146
up €5,146 (+84.2%), from €6,112 to €11,258
- Other operating charges +€2,245
up €2,245 (+118%), from €1,898 to €4,143
- Financial charges +€918
up €918 (+89.5%), from €1,026 to €1,945
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 | €223,079 | €177,413 | -€45,666 | -20.5% |
| Fixed assets | 21/28 | €44,096 | €32,838 | -€11,258 | -25.5% |
| Tangible fixed assets | 22/27 | €44,021 | €32,763 | -€11,258 | -25.6% |
| Plant, machinery and equipment | 23 | €467 | - | -€467 | |
| Furniture and vehicles | 24 | €43,554 | €32,763 | -€10,791 | -24.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €178,983 | €144,575 | -€34,408 | -19.2% |
| Amounts receivable within one year | 40/41 | €29,023 | €33,633 | +€4,610 | +15.9% |
| Trade receivables | 40 | €29,023 | €28,339 | -€684 | -2.4% |
| Other amounts receivable | 41 | - | €5,294 | +€5,294 | |
| Cash at bank and in hand | 54/58 | €146,876 | €108,561 | -€38,315 | -26.1% |
| Deferred charges and accrued income | 490/1 | €3,083 | €2,381 | -€702 | -22.8% |
| Total equity and liabilities | 10/49 | €223,079 | €177,413 | -€45,666 | -20.5% |
| Equity | 10/15 | €175,508 | €142,646 | -€32,862 | -18.7% |
| Contributions | 10/11 | €16,036 | €16,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,472 | €126,610 | -€32,862 | -20.6% |
| Amounts payable | 17/49 | €47,571 | €34,767 | -€12,803 | -26.9% |
| Amounts payable after more than one year | 17 | €33,124 | €24,571 | -€8,552 | -25.8% |
| Financial debts | 170/4 | €33,124 | €24,571 | -€8,552 | -25.8% |
| Amounts payable within one year | 42/48 | €14,447 | €10,196 | -€4,251 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €8,213 | €8,552 | +€339 | +4.1% |
| Trade debts | 44 | €383 | €976 | +€592 | +154% |
| Suppliers | 440/4 | €383 | €976 | +€592 | +154% |
| Taxes, remuneration and social security | 45 | €5,850 | €668 | -€5,182 | -88.6% |
| Taxes | 450/3 | €5,850 | €668 | -€5,182 | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,112 | €11,258 | +€5,146 | +84.2% |
| Other operating charges | 640/8 | €1,898 | €4,143 | +€2,245 | +118% |
| Gross operating margin | 9900 | -€558 | -€15,166 | -€14,608 | -2,619% |
| Operating profit (loss) | 9901 | -€8,568 | -€30,567 | -€21,999 | -257% |
| Financial income | 75/76B | €0 | €31 | +€31 | +62,540% |
| Recurring financial income | 75 | €0 | €31 | +€31 | +62,540% |
| Financial charges | 65/66B | €1,026 | €1,945 | +€918 | +89.5% |
| Recurring financial charges | 65 | €1,026 | €1,945 | +€918 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,594 | -€32,480 | -€22,886 | -239% |
| Income taxes | 67/77 | €286 | €382 | +€97 | +33.8% |
| Profit (loss) for the period | 9904 | -€9,880 | -€32,862 | -€22,983 | -233% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,880 | -€32,862 | -€22,983 | -233% |
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.