NATIEN IMMO: 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.
What changed
NATIEN IMMO
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€386,143
2024 · -€389,087+€2,944
Equity
€9.9m
2024 · €10.3m-€386,143
Cash
-
2024 · €7,942-€7,942
Balance sheet total
€32.2m
2024 · €33.4m-€1.2m
Largest movements
Assets
- Tangible fixed assets -€1.1m
down €1.1m (-3.3%), from €32.5m to €31.4m
Equity and liabilities
- Debts after one year -€1.6m
down €1.6m (-14.3%), from €10.9m to €9.3m
- Other debts +€775,933
up €775,933 (+7.3%), from €10.6m to €11.4m
- Profit (loss) carried forward -€386,143
down €386,143 (-81.0%), from -€476,498 to -€862,641
Income statement
- Depreciation +€264,557
up €264,557 (+32.3%), from €818,820 to €1.1m
- Financial charges -€179,740
down €179,740 (-10.7%), from €1.7m to €1.5m
- Gross operating margin +€85,489
up €85,489 (+3.8%), from €2.2m to €2.3m
- Turnover +€80,600
up €80,600 (+3.6%), from €2.2m to €2.3m
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
-€389,087
Gross operating margin
+€85,489
Depreciation
-€264,557
Other operating charges
-€249
Financial income
+€663
Financial charges
+€179,740
Taxes
+€1,858
Result 2025
-€386,143
raises the resultlowers the result
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.
From operations
+€1.5m
Investment
€0
Financing
-€1.6m
Cash 2024
€7,942
From operations (derived)
+€1.5m
Net result for the year
-€386,143
Depreciation
+€1.1m
Deferred charges and accrued income
+€77,500
Smaller working-capital items
-€3,489
Other debts
+€775,933
Accrued charges and deferred income
-€5,121
Financing
-€1.6m
Debts after one year
-€1.6m
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,398,659 | €32,229,840 | -€1.2m | -3.5% |
| Fixed assets | 21/28 | €32,525,300 | €31,441,923 | -€1.1m | -3.3% |
| Tangible fixed assets | 22/27 | €32,520,300 | €31,436,923 | -€1.1m | -3.3% |
| Land and buildings | 22 | €32,520,300 | €31,436,923 | -€1.1m | -3.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €873,359 | €787,917 | -€85,442 | -9.8% |
| Cash at bank and in hand | 54/58 | €7,942 | - | -€7,942 | |
| Deferred charges and accrued income | 490/1 | €865,417 | €787,917 | -€77,500 | -9.0% |
| Total equity and liabilities | 10/49 | €33,398,659 | €32,229,840 | -€1.2m | -3.5% |
| Equity | 10/15 | €10,268,449 | €9,882,306 | -€386,143 | -3.8% |
| Contributions | 10/11 | €1,272,000 | €1,272,000 | = | 0.0% |
| Capital | 10 | €1,272,000 | €1,272,000 | = | 0.0% |
| Issued capital | 100 | €1,272,000 | €1,272,000 | = | 0.0% |
| Revaluation surpluses | 12 | €9,345,747 | €9,081,216 | -€264,531 | -2.8% |
| Reserves | 13 | €127,200 | €391,731 | +€264,531 | +208% |
| Non-distributable reserves | 130/1 | €127,200 | €127,200 | = | 0.0% |
| Legal reserve | 130 | €127,200 | €127,200 | = | 0.0% |
| Distributable reserves | 133 | - | €264,531 | +€264,531 | |
| Profit (loss) carried forward | 14 | -€476,498 | -€862,641 | -€386,143 | -81.0% |
| Amounts payable | 17/49 | €23,130,210 | €22,347,533 | -€782,677 | -3.4% |
| Amounts payable after more than one year | 17 | €10,850,000 | €9,300,000 | -€1.6m | -14.3% |
| Financial debts | 170/4 | €10,850,000 | €9,300,000 | -€1.6m | -14.3% |
| Amounts payable within one year | 42/48 | €12,274,850 | €13,047,294 | +€772,444 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €1,550,000 | €1,550,000 | = | 0.0% |
| Trade debts | 44 | €1,631 | - | -€1,631 | |
| Suppliers | 440/4 | €1,631 | - | -€1,631 | |
| Taxes, remuneration and social security | 45 | €112,440 | €110,582 | -€1,858 | -1.7% |
| Taxes | 450/3 | €112,440 | €110,582 | -€1,858 | -1.7% |
| Other amounts payable | 47/48 | €10,610,779 | €11,386,712 | +€775,933 | +7.3% |
| Accrued charges and deferred income | 492/3 | €5,360 | €239 | -€5,121 | -95.5% |
| Turnover | 70 | €2,230,419 | €2,311,019 | +€80,600 | +3.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,344 | €3,673 | +€329 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818,820 | €1,083,377 | +€264,557 | +32.3% |
| Other operating charges | 640/8 | €6,342 | €6,591 | +€249 | +3.9% |
| Gross operating margin | 9900 | €2,232,449 | €2,317,938 | +€85,489 | +3.8% |
| Operating profit (loss) | 9901 | €1,407,288 | €1,227,970 | -€179,317 | -12.7% |
| Financial income | 75/76B | - | €663 | +€663 | |
| Recurring financial income | 75 | - | €663 | +€663 | |
| Financial charges | 65/66B | €1,683,934 | €1,504,194 | -€179,740 | -10.7% |
| Recurring financial charges | 65 | €1,683,934 | €1,504,194 | -€179,740 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€276,647 | -€275,561 | +€1,086 | +0.4% |
| Income taxes | 67/77 | €112,440 | €110,582 | -€1,858 | -1.7% |
| Profit (loss) for the period | 9904 | -€389,087 | -€386,143 | +€2,944 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€389,087 | -€386,143 | +€2,944 | +0.8% |
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 19 October 2026 via checked.be.