NATHUG: 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.
NATHUG
Largest movements
- Tangible fixed assets -€14,628
down €14,628 (-4.0%), from €368,843 to €354,215
- Cash -€5,228
down €5,228 (-26.4%), from €19,783 to €14,555
mainly Debts after one year (-€28,587) and Investment in fixed assets (net) (-€6,776)
- Debts after one year -€28,587
down €28,587 (-7.2%), from €397,480 to €368,893
- Profit (loss) carried forward +€5,557
up €5,557 (+16.7%), from -€33,238 to -€27,681
- Gross operating margin -€8,070
down €8,070 (-16.6%), from €48,542 to €40,472
- Depreciation +€1,019
up €1,019 (+5.0%), from €20,385 to €21,404
- Financial charges -€657
down €657 (-6.2%), from €10,530 to €9,873
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 | €402,341 | €383,066 | -€19,275 | -4.8% |
| Fixed assets | 21/28 | €368,843 | €354,215 | -€14,628 | -4.0% |
| Tangible fixed assets | 22/27 | €368,843 | €354,215 | -€14,628 | -4.0% |
| Land and buildings | 22 | €368,843 | €354,215 | -€14,628 | -4.0% |
| Current assets | 29/58 | €33,498 | €28,852 | -€4,647 | -13.9% |
| Amounts receivable within one year | 40/41 | €11,878 | €12,411 | +€532 | +4.5% |
| Trade receivables | 40 | €7,335 | €7,335 | = | 0.0% |
| Other amounts receivable | 41 | €4,544 | €5,076 | +€532 | +11.7% |
| Cash at bank and in hand | 54/58 | €19,783 | €14,555 | -€5,228 | -26.4% |
| Deferred charges and accrued income | 490/1 | €1,837 | €1,886 | +€49 | +2.7% |
| Total equity and liabilities | 10/49 | €402,341 | €383,066 | -€19,275 | -4.8% |
| Equity | 10/15 | -€27,038 | -€21,481 | +€5,557 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,238 | -€27,681 | +€5,557 | +16.7% |
| Amounts payable | 17/49 | €429,379 | €404,547 | -€24,832 | -5.8% |
| Amounts payable after more than one year | 17 | €397,480 | €368,893 | -€28,587 | -7.2% |
| Financial debts | 170/4 | €397,480 | €368,893 | -€28,587 | -7.2% |
| Amounts payable within one year | 42/48 | €31,899 | €34,874 | +€2,974 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €27,937 | €28,587 | +€650 | +2.3% |
| Trade debts | 44 | €959 | €3,283 | +€2,324 | +242.3% |
| Suppliers | 440/4 | €959 | €3,283 | +€2,324 | +242.3% |
| Other amounts payable | 47/48 | €3,003 | €3,003 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €781 | +€781 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,385 | €21,404 | +€1,019 | +5.0% |
| Other operating charges | 640/8 | €3,783 | €3,638 | -€145 | -3.8% |
| Gross operating margin | 9900 | €48,542 | €40,472 | -€8,070 | -16.6% |
| Operating profit (loss) | 9901 | €24,375 | €15,430 | -€8,945 | -36.7% |
| Financial charges | 65/66B | €10,530 | €9,873 | -€657 | -6.2% |
| Recurring financial charges | 65 | €10,530 | €9,873 | -€657 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €13,845 | €5,557 | -€8,288 | -59.9% |
| Profit (loss) for the period | 9904 | €13,845 | €5,557 | -€8,288 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,845 | €5,557 | -€8,288 | -59.9% |
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 3 October 2026 via checked.be.