NATIER: 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.
What changed
NATIER
fiscal year 31-12-2023 against 31-12-2024filed annual accounts (NBB)
Net result for the year
€37,776
31-12-2023 · €226+€37,550
Equity
€532,849
31-12-2023 · €495,073+€37,776
Cash
€3,380
31-12-2023 · €701+€2,679
Balance sheet total
€2.7m
31-12-2023 · €2.6m+€119,288
Largest movements
Assets
- Tangible fixed assets +€198,741
up €198,741 (+10.0%), from €2.0m to €2.2m
of which Land and buildings: +€187,278
- Receivables within one year -€81,577
down €81,577 (-15.5%), from €527,442 to €445,865
Equity and liabilities
- Other debts +€65,180
up €65,180 (+10.5%), from €618,574 to €683,755
- Profit (loss) carried forward +€41,234
up €41,234 (+11.7%), from €352,616 to €393,850
Income statement
- Gross operating margin +€178,350
up €178,350 (+478.8%), from €37,246 to €215,596
- Depreciation +€90,407
up €90,407 (+359.1%), from €25,176 to €115,583
- Financial charges +€37,108
up €37,108 (+200.1%), from €18,542 to €55,650
- Taxes +€16,358
up €16,358 (+2582.2%), from €634 to €16,992
- Financial income +€10,497
up €10,497 (+148.3%), from €7,076 to €17,573
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023
€226
Gross operating margin
+€178,350
Depreciation
-€90,407
Other operating charges
-€8,193
Financial income
+€10,497
Financial charges
-€37,108
Taxes
-€16,358
Deferred taxes and other
+€768
Result 31-12-2024
€37,776
Cash bridge derived
Derived from the 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€301,232
Investment
-€314,324
Financing
+€15,771
Cash 31-12-2023
€701
From operations (derived)
+€301,232
Net result for the year
+€37,776
Depreciation
+€115,583
Receivables within one year
+€81,577
Smaller working-capital items
+€68
Provisions
-€1,153
Tax, wage and social debts
+€2,200
Other debts
+€65,180
Investment (derived)
-€314,324
Investment in fixed assets (net)
-€314,324
Financing
+€15,771
Debts after one year
+€7,727
Current portion of long-term debt
+€8,044
Cash 31-12-2024
€3,380
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,557,898 | €2,677,186 | +€119,288 | +4.7% |
| Fixed assets | 21/28 | €1,997,069 | €2,195,809 | +€198,741 | +10.0% |
| Tangible fixed assets | 22/27 | €1,997,069 | €2,195,809 | +€198,741 | +10.0% |
| Land and buildings | 22 | €1,866,125 | €2,053,403 | +€187,278 | +10.0% |
| Furniture and vehicles | 24 | €18,293 | €29,756 | +€11,463 | +62.7% |
| Other tangible fixed assets | 26 | €112,650 | €112,650 | = | 0.0% |
| Current assets | 29/58 | €560,829 | €481,377 | -€79,453 | -14.2% |
| Amounts receivable within one year | 40/41 | €527,442 | €445,865 | -€81,577 | -15.5% |
| Other amounts receivable | 41 | €527,442 | €445,865 | -€81,577 | -15.5% |
| Current investments | 50/53 | €30,154 | €30,154 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €701 | €3,380 | +€2,679 | +382.3% |
| Deferred charges and accrued income | 490/1 | €2,532 | €1,977 | -€555 | -21.9% |
| Total equity and liabilities | 10/49 | €2,557,898 | €2,677,186 | +€119,288 | +4.7% |
| Equity | 10/15 | €495,073 | €532,849 | +€37,776 | +7.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €80,484 | €77,026 | -€3,458 | -4.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,286 | €70,829 | -€3,458 | -4.7% |
| Profit (loss) carried forward | 14 | €352,616 | €393,850 | +€41,234 | +11.7% |
| Provisions and deferred taxes | 16 | €24,762 | €23,610 | -€1,153 | -4.7% |
| Deferred taxes | 168 | €24,762 | €23,610 | -€1,153 | -4.7% |
| Amounts payable | 17/49 | €2,038,063 | €2,120,728 | +€82,665 | +4.1% |
| Amounts payable after more than one year | 17 | €1,283,150 | €1,290,877 | +€7,727 | +0.6% |
| Financial debts | 170/4 | €1,283,150 | €1,290,877 | +€7,727 | +0.6% |
| Amounts payable within one year | 42/48 | €754,148 | €829,086 | +€74,938 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €115,206 | €123,249 | +€8,044 | +7.0% |
| Trade debts | 44 | €8,822 | €8,336 | -€487 | -5.5% |
| Suppliers | 440/4 | €8,822 | €8,336 | -€487 | -5.5% |
| Taxes, remuneration and social security | 45 | €11,546 | €13,746 | +€2,200 | +19.1% |
| Taxes | 450/3 | €10,846 | €6,146 | -€4,700 | -43.3% |
| Remuneration and social security | 454/9 | €700 | €7,600 | +€6,900 | +985.7% |
| Other amounts payable | 47/48 | €618,574 | €683,755 | +€65,180 | +10.5% |
| Accrued charges and deferred income | 492/3 | €765 | €765 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,176 | €115,583 | +€90,407 | +359.1% |
| Other operating charges | 640/8 | €128 | €8,321 | +€8,193 | +6401.1% |
| Gross operating margin | 9900 | €37,246 | €215,596 | +€178,350 | +478.8% |
| Operating profit (loss) | 9901 | €11,941 | €91,693 | +€79,751 | +667.8% |
| Financial income | 75/76B | €7,076 | €17,573 | +€10,497 | +148.3% |
| Recurring financial income | 75 | €7,076 | €17,573 | +€10,497 | +148.3% |
| Financial charges | 65/66B | €18,542 | €55,650 | +€37,108 | +200.1% |
| Recurring financial charges | 65 | €18,542 | €55,650 | +€37,108 | +200.1% |
| Profit (loss) for the period before taxes | 9903 | €475 | €53,615 | +€53,140 | +11179.5% |
| Transfer from deferred taxes | 780 | €384 | €1,153 | +€768 | +199.8% |
| Income taxes | 67/77 | €634 | €16,992 | +€16,358 | +2582.2% |
| Profit (loss) for the period | 9904 | €226 | €37,776 | +€37,550 | +16595.8% |
| Transfer from tax-exempt reserves | 789 | €1,153 | €3,458 | +€2,304 | +199.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,380 | €41,234 | +€39,854 | +2888.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.