NATIFLORA: 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
NATIFLORA
NACE 55.100, Hotels and similar accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,020
2024 · €590+€37,430
Equity
€147,977
2024 · €111,623+€36,354
Cash
€21,281
2024 · €25,325-€4,045
Balance sheet total
€745,406
2024 · €698,800+€46,605
Largest movements
Assets
- Tangible fixed assets +€56,188
up €56,188 (+8.6%), from €651,212 to €707,400
of which Land and buildings: +€229,853
Equity and liabilities
- Short-term financial debts -€178,189
down €178,189 (-77.2%), from €230,900 to €52,711
- Debts after one year +€169,788
up €169,788 (+54.9%), from €309,238 to €479,026
of which Financial debts: +€214,550
- Reserves +€38,020
up €38,020 (+55.3%), from €68,745 to €106,765
- Current portion of long-term debt +€16,609
up €16,609 (+69.4%), from €23,942 to €40,551
Income statement
- Gross operating margin +€61,125
up €61,125 (+110.9%), from €55,108 to €116,234
- Taxes +€17,430
up €17,430 (+1532.3%), from €1,138 to €18,567
- Financial charges +€5,848
up €5,848 (+34.8%), from €16,781 to €22,628
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
€590
Gross operating margin
+€61,125
Depreciation
+€205
Other operating charges
-€953
Financial income
+€331
Financial charges
-€5,848
Taxes
-€17,430
Result 2025
€38,020
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.
From operations
+€76,891
Investment
-€87,477
Financing
+€6,542
Cash 2024
€25,325
From operations (derived)
+€76,891
Net result for the year
+€38,020
Depreciation
+€31,633
Receivables within one year
+€2,654
Deferred charges and accrued income
+€2,540
Trade debts
-€4,685
Tax, wage and social debts
+€3,321
Other debts
+€1,166
Accrued charges and deferred income
+€2,241
Investment (derived)
-€87,477
Investment in fixed assets (net)
-€87,477
Financing
+€6,542
Debts after one year
+€169,788
Current portion of long-term debt
+€16,609
Short-term financial debts
-€178,189
Contributions, distributions and other
-€1,666
Cash 2025
€21,281
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €698,800 | €745,406 | +€46,605 | +6.7% |
| Formation expenses | 20 | €564 | €220 | -€344 | -60.9% |
| Fixed assets | 21/28 | €651,992 | €708,180 | +€56,188 | +8.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €651,212 | €707,400 | +€56,188 | +8.6% |
| Land and buildings | 22 | €473,109 | €702,962 | +€229,853 | +48.6% |
| Plant, machinery and equipment | 23 | €5,632 | €3,686 | -€1,946 | -34.6% |
| Furniture and vehicles | 24 | €2,584 | €752 | -€1,832 | -70.9% |
| Assets under construction and advance payments | 27 | €169,887 | €0 | -€169,887 | -100.0% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €46,244 | €37,006 | -€9,239 | -20.0% |
| Amounts receivable within one year | 40/41 | €16,724 | €14,069 | -€2,654 | -15.9% |
| Trade receivables | 40 | €13,152 | €13,948 | +€796 | +6.1% |
| Other amounts receivable | 41 | €3,572 | €121 | -€3,451 | -96.6% |
| Cash at bank and in hand | 54/58 | €25,325 | €21,281 | -€4,045 | -16.0% |
| Deferred charges and accrued income | 490/1 | €4,196 | €1,656 | -€2,540 | -60.5% |
| Total equity and liabilities | 10/49 | €698,800 | €745,406 | +€46,605 | +6.7% |
| Equity | 10/15 | €111,623 | €147,977 | +€36,354 | +32.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,745 | €106,765 | +€38,020 | +55.3% |
| Distributable reserves | 133 | €68,745 | €106,765 | +€38,020 | +55.3% |
| Profit (loss) carried forward | 14 | €24,278 | €22,612 | -€1,666 | -6.9% |
| Amounts payable | 17/49 | €587,178 | €597,429 | +€10,251 | +1.7% |
| Amounts payable after more than one year | 17 | €309,238 | €479,026 | +€169,788 | +54.9% |
| Financial debts | 170/4 | €234,864 | €449,414 | +€214,550 | +91.4% |
| Other amounts payable | 178/9 | €74,374 | €29,611 | -€44,762 | -60.2% |
| Amounts payable within one year | 42/48 | €273,037 | €111,259 | -€161,777 | -59.3% |
| Current portion of amounts payable after more than one year | 42 | €23,942 | €40,551 | +€16,609 | +69.4% |
| Financial debts | 43 | €230,900 | €52,711 | -€178,189 | -77.2% |
| Credit institutions | 430/8 | €230,900 | €52,711 | -€178,189 | -77.2% |
| Trade debts | 44 | €13,219 | €8,534 | -€4,685 | -35.4% |
| Suppliers | 440/4 | €13,219 | €8,534 | -€4,685 | -35.4% |
| Taxes, remuneration and social security | 45 | €3,309 | €6,631 | +€3,321 | +100.4% |
| Taxes | 450/3 | €2,159 | €6,631 | +€4,471 | +207.1% |
| Remuneration and social security | 454/9 | €1,150 | €0 | -€1,150 | -100.0% |
| Other amounts payable | 47/48 | €1,666 | €2,832 | +€1,166 | +70.0% |
| Accrued charges and deferred income | 492/3 | €4,903 | €7,144 | +€2,241 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,837 | €31,633 | -€205 | -0.6% |
| Other operating charges | 640/8 | €4,764 | €5,717 | +€953 | +20.0% |
| Gross operating margin | 9900 | €55,108 | €116,234 | +€61,125 | +110.9% |
| Operating profit (loss) | 9901 | €18,507 | €78,884 | +€60,377 | +326.2% |
| Financial income | 75/76B | €1 | €332 | +€331 | +26043.3% |
| Recurring financial income | 75 | €1 | €332 | +€331 | +26043.3% |
| Financial charges | 65/66B | €16,781 | €22,628 | +€5,848 | +34.8% |
| Recurring financial charges | 65 | €16,781 | €22,628 | +€5,848 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €1,728 | €56,588 | +€54,860 | +3175.6% |
| Income taxes | 67/77 | €1,138 | €18,567 | +€17,430 | +1532.3% |
| Profit (loss) for the period | 9904 | €590 | €38,020 | +€37,430 | +6343.8% |
| Profit (loss) for the period to be appropriated | 9905 | €590 | €38,020 | +€37,430 | +6343.8% |
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 6 October 2026 via checked.be.