NATI: 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.
NATI
Largest movements
- Cash +€52,861
up €52,861 (+41.8%), from €126,317 to €179,178
mainly Net result for the year (+€55,406) and Receivables within one year (+€42,141)
- Receivables within one year -€42,141
down €42,141 (-97.7%), from €43,134 to €993
of which Other amounts receivable: -€40,703
- Tangible fixed assets -€10,553
down €10,553 (-17.7%), from €59,657 to €49,104
of which Leasing and similar rights: -€7,081
- Other debts +€20,993
new in 2025: €20,993
- Trade debts -€9,861
down €9,861 (-53.9%), from €18,299 to €8,438
- Debts after one year -€9,028
no longer reported in 2025 (was €9,028)
- Current portion of long-term debt -€2,637
down €2,637 (-22.6%), from €11,664 to €9,028
- Gross operating margin +€36,585
up €36,585 (+21.3%), from €171,658 to €208,243
- Taxes +€7,682
up €7,682 (+54.8%), from €14,027 to €21,709
- Financial charges +€3,747
up €3,747 (+31.7%), from €11,835 to €15,582
- Staff costs +€3,217
up €3,217 (+3.2%), from €101,317 to €104,534
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 | €238,789 | €237,304 | -€1,485 | -0.6% |
| Fixed assets | 21/28 | €59,657 | €49,104 | -€10,553 | -17.7% |
| Tangible fixed assets | 22/27 | €59,657 | €49,104 | -€10,553 | -17.7% |
| Land and buildings | 22 | €7,256 | €5,224 | -€2,032 | -28.0% |
| Plant, machinery and equipment | 23 | €3,428 | €2,494 | -€934 | -27.2% |
| Furniture and vehicles | 24 | €822 | €316 | -€506 | -61.5% |
| Leasing and similar rights | 25 | €48,151 | €41,070 | -€7,081 | -14.7% |
| Current assets | 29/58 | €179,132 | €188,200 | +€9,068 | +5.1% |
| Stocks and contracts in progress | 3 | €5,835 | €4,902 | -€934 | -16.0% |
| Stocks | 30/36 | €5,835 | €4,902 | -€934 | -16.0% |
| Amounts receivable within one year | 40/41 | €43,134 | €993 | -€42,141 | -97.7% |
| Trade receivables | 40 | €1,438 | - | -€1,438 | |
| Other amounts receivable | 41 | €41,696 | €993 | -€40,703 | -97.6% |
| Cash at bank and in hand | 54/58 | €126,317 | €179,178 | +€52,861 | +41.8% |
| Deferred charges and accrued income | 490/1 | €3,846 | €3,127 | -€719 | -18.7% |
| Total equity and liabilities | 10/49 | €238,789 | €237,304 | -€1,485 | -0.6% |
| Equity | 10/15 | €163,905 | €161,999 | -€1,905 | -1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €151,505 | €149,599 | -€1,905 | -1.3% |
| Distributable reserves | 133 | €151,505 | €149,599 | -€1,905 | -1.3% |
| Amounts payable | 17/49 | €74,884 | €75,305 | +€421 | +0.6% |
| Amounts payable after more than one year | 17 | €9,028 | - | -€9,028 | |
| Financial debts | 170/4 | €9,028 | - | -€9,028 | |
| Amounts payable within one year | 42/48 | €64,416 | €74,759 | +€10,342 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €11,664 | €9,028 | -€2,637 | -22.6% |
| Trade debts | 44 | €18,299 | €8,438 | -€9,861 | -53.9% |
| Suppliers | 440/4 | €18,299 | €8,438 | -€9,861 | -53.9% |
| Taxes, remuneration and social security | 45 | €34,453 | €36,299 | +€1,847 | +5.4% |
| Taxes | 450/3 | €18,144 | €20,151 | +€2,007 | +11.1% |
| Remuneration and social security | 454/9 | €16,308 | €16,148 | -€160 | -1.0% |
| Other amounts payable | 47/48 | - | €20,993 | +€20,993 | |
| Accrued charges and deferred income | 492/3 | €1,440 | €546 | -€894 | -62.1% |
| Remuneration, social security and pensions | 62 | €101,317 | €104,534 | +€3,217 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,700 | €10,553 | -€147 | -1.4% |
| Other operating charges | 640/8 | €1,709 | €2,598 | +€889 | +52.0% |
| Gross operating margin | 9900 | €171,658 | €208,243 | +€36,585 | +21.3% |
| Operating profit (loss) | 9901 | €57,933 | €90,559 | +€32,625 | +56.3% |
| Financial income | 75/76B | €3,192 | €2,139 | -€1,053 | -33.0% |
| Recurring financial income | 75 | €3,192 | €2,139 | -€1,053 | -33.0% |
| Financial charges | 65/66B | €11,835 | €15,582 | +€3,747 | +31.7% |
| Recurring financial charges | 65 | €11,835 | €15,582 | +€3,747 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €49,290 | €77,115 | +€27,825 | +56.5% |
| Income taxes | 67/77 | €14,027 | €21,709 | +€7,682 | +54.8% |
| Profit (loss) for the period | 9904 | €35,262 | €55,406 | +€20,144 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,262 | €55,406 | +€20,144 | +57.1% |
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 21 October 2026 via checked.be.