NATIMED: 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.
NATIMED
Largest movements
- Cash -€113,715
down €113,715 (-66.8%), from €170,116 to €56,401
mainly Contributions, distributions and other (-€198,750) and Debts after one year (-€21,693)
- Receivables within one year -€35,334
down €35,334 (-98.2%), from €35,988 to €653
of which Other amounts receivable: -€35,909
- Tangible fixed assets -€24,748
down €24,748 (-8.0%), from €307,876 to €283,128
of which Land and buildings: -€17,351
- Reserves -€121,444
down €121,444 (-32.9%), from €369,548 to €248,104
- Debts after one year -€21,693
down €21,693 (-61.2%), from €35,470 to €13,776
- Other debts -€19,570
down €19,570 (-41.6%), from €47,000 to €27,430
- Current portion of long-term debt -€9,321
down €9,321 (-29.4%), from €31,710 to €22,389
- Gross operating margin +€11,333
up €11,333 (+8.9%), from €127,137 to €138,470
- Taxes +€2,870
up €2,870 (+10.5%), from €27,344 to €30,213
- Financial income -€1,536
down €1,536 (-86.7%), from €1,773 to €236
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 | €516,601 | €341,376 | -€175,225 | -33.9% |
| Fixed assets | 21/28 | €307,876 | €283,128 | -€24,748 | -8.0% |
| Tangible fixed assets | 22/27 | €307,876 | €283,128 | -€24,748 | -8.0% |
| Land and buildings | 22 | €248,764 | €231,413 | -€17,351 | -7.0% |
| Furniture and vehicles | 24 | €8,221 | €7,255 | -€966 | -11.7% |
| Other tangible fixed assets | 26 | €50,892 | €44,460 | -€6,431 | -12.6% |
| Current assets | 29/58 | €208,725 | €58,248 | -€150,477 | -72.1% |
| Amounts receivable within one year | 40/41 | €35,988 | €653 | -€35,334 | -98.2% |
| Trade receivables | 40 | €79 | €653 | +€575 | +732.3% |
| Other amounts receivable | 41 | €35,909 | - | -€35,909 | |
| Cash at bank and in hand | 54/58 | €170,116 | €56,401 | -€113,715 | -66.8% |
| Deferred charges and accrued income | 490/1 | €2,621 | €1,194 | -€1,427 | -54.5% |
| Total equity and liabilities | 10/49 | €516,601 | €341,376 | -€175,225 | -33.9% |
| Equity | 10/15 | €388,071 | €266,627 | -€121,444 | -31.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €369,548 | €248,104 | -€121,444 | -32.9% |
| Distributable reserves | 133 | €369,548 | €248,104 | -€121,444 | -32.9% |
| Profit (loss) carried forward | 14 | €6,123 | €6,123 | = | 0.0% |
| Amounts payable | 17/49 | €128,530 | €74,749 | -€53,781 | -41.8% |
| Amounts payable after more than one year | 17 | €35,470 | €13,776 | -€21,693 | -61.2% |
| Financial debts | 170/4 | €35,470 | €13,776 | -€21,693 | -61.2% |
| Amounts payable within one year | 42/48 | €92,877 | €60,868 | -€32,010 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €31,710 | €22,389 | -€9,321 | -29.4% |
| Trade debts | 44 | €6,823 | €2,839 | -€3,985 | -58.4% |
| Suppliers | 440/4 | €6,823 | €2,839 | -€3,985 | -58.4% |
| Taxes, remuneration and social security | 45 | €7,344 | €8,210 | +€867 | +11.8% |
| Taxes | 450/3 | €7,344 | €8,210 | +€867 | +11.8% |
| Other amounts payable | 47/48 | €47,000 | €27,430 | -€19,570 | -41.6% |
| Accrued charges and deferred income | 492/3 | €183 | €105 | -€78 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,702 | €26,971 | +€1,269 | +4.9% |
| Other operating charges | 640/8 | €2,172 | €2,233 | +€61 | +2.8% |
| Gross operating margin | 9900 | €127,137 | €138,470 | +€11,333 | +8.9% |
| Operating profit (loss) | 9901 | €99,262 | €109,266 | +€10,003 | +10.1% |
| Financial income | 75/76B | €1,773 | €236 | -€1,536 | -86.7% |
| Recurring financial income | 75 | €1,773 | €236 | -€1,536 | -86.7% |
| Financial charges | 65/66B | €3,164 | €1,983 | -€1,181 | -37.3% |
| Recurring financial charges | 65 | €3,164 | €1,983 | -€1,181 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €97,871 | €107,519 | +€9,648 | +9.9% |
| Income taxes | 67/77 | €27,344 | €30,213 | +€2,870 | +10.5% |
| Profit (loss) for the period | 9904 | €70,528 | €77,306 | +€6,778 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,528 | €77,306 | +€6,778 | +9.6% |
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 12 October 2026 via checked.be.