NATHISOINS: 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.
NATHISOINS
Largest movements
- Receivables within one year -€46,689
down €46,689 (-26.2%), from €178,012 to €131,323
of which Other amounts receivable: -€46,689
- Cash +€19,450
up €19,450 (+429%), from €4,532 to €23,982
mainly Receivables within one year (+€46,689) and Net result for the year (+€37,162)
- Deferred charges and accrued income -€18,314
down €18,314 (-98.9%), from €18,524 to €210
- Tangible fixed assets +€5,286
up €5,286 (+183%), from €2,889 to €8,175
- Other debts -€22,412
down €22,412 (-34.6%), from €64,833 to €42,421
- Reserves -€16,520
down €16,520 (-29.7%), from €55,542 to €39,022
of which Distributable reserves: -€16,520
- Short-term financial debts -€11,934
down €11,934 (-42.3%), from €28,213 to €16,279
- Trade debts +€7,260
up €7,260 (+319%), from €2,277 to €9,537
- Current portion of long-term debt +€3,852
new in 2025: €3,852
- Gross operating margin -€55,164
down €55,164 (-42.9%), from €128,606 to €73,443
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 | €203,958 | €163,691 | -€40,267 | -19.7% |
| Fixed assets | 21/28 | €2,889 | €8,175 | +€5,286 | +183% |
| Tangible fixed assets | 22/27 | €2,889 | €8,175 | +€5,286 | +183% |
| Furniture and vehicles | 24 | €2,889 | €8,175 | +€5,286 | +183% |
| Current assets | 29/58 | €201,069 | €155,516 | -€45,553 | -22.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €178,012 | €131,323 | -€46,689 | -26.2% |
| Trade receivables | 40 | €4,902 | €4,902 | = | 0.0% |
| Other amounts receivable | 41 | €173,110 | €126,421 | -€46,689 | -27.0% |
| Cash at bank and in hand | 54/58 | €4,532 | €23,982 | +€19,450 | +429% |
| Deferred charges and accrued income | 490/1 | €18,524 | €210 | -€18,314 | -98.9% |
| Total equity and liabilities | 10/49 | €203,958 | €163,691 | -€40,267 | -19.7% |
| Equity | 10/15 | €74,142 | €57,622 | -€16,520 | -22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,542 | €39,022 | -€16,520 | -29.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,682 | €37,162 | -€16,520 | -30.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €129,816 | €106,068 | -€23,748 | -18.3% |
| Amounts payable within one year | 42/48 | €129,816 | €106,068 | -€23,748 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,852 | +€3,852 | |
| Financial debts | 43 | €28,213 | €16,279 | -€11,934 | -42.3% |
| Credit institutions | 430/8 | €28,213 | €16,279 | -€11,934 | -42.3% |
| Trade debts | 44 | €2,277 | €9,537 | +€7,260 | +319% |
| Suppliers | 440/4 | €2,277 | €9,537 | +€7,260 | +319% |
| Taxes, remuneration and social security | 45 | €34,493 | €33,978 | -€514 | -1.5% |
| Taxes | 450/3 | €34,493 | €33,978 | -€514 | -1.5% |
| Other amounts payable | 47/48 | €64,833 | €42,421 | -€22,412 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,973 | €2,370 | +€398 | +20.2% |
| Other operating charges | 640/8 | €2,335 | €1,671 | -€664 | -28.4% |
| Gross operating margin | 9900 | €128,606 | €73,443 | -€55,164 | -42.9% |
| Operating profit (loss) | 9901 | €124,299 | €69,401 | -€54,898 | -44.2% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.0% |
| Financial charges | 65/66B | €3,703 | €2,986 | -€717 | -19.4% |
| Recurring financial charges | 65 | €3,703 | €2,986 | -€717 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €120,599 | €66,415 | -€54,184 | -44.9% |
| Income taxes | 67/77 | €27,980 | €29,253 | +€1,272 | +4.5% |
| Profit (loss) for the period | 9904 | €92,619 | €37,162 | -€55,456 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €92,619 | €37,162 | -€55,456 | -59.9% |
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 26 October 2026 via checked.be.