NATIS: 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.
NATIS
Largest movements
- Cash +€905,519
up €905,519 (+1270.1%), from €71,293 to €976,812
mainly Net result for the year (+€1.8m) and Investment in fixed assets (net) (+€594,800)
- Tangible fixed assets -€729,791
down €729,791 (-12.5%), from €5.8m to €5.1m
of which Land and buildings: -€704,723
- Reserves +€1.8m
up €1.8m (+358.2%), from €502,500 to €2.3m
- Advances received -€750,000
no longer reported in 2025 (was €750,000)
- Short-term financial debts -€320,000
no longer reported in 2025 (was €320,000)
- Other debts -€230,804
down €230,804 (-55.1%), from €418,704 to €187,900
- Profit (loss) carried forward -€160,891
down €160,891 (-26.4%), from €609,829 to €448,938
- Gross operating margin +€1.8m
up €1.8m (+807.4%), from €219,017 to €2.0m
- Turnover -€154,247
down €154,247 (-52.2%), from €295,700 to €141,453
- Depreciation -€38,559
down €38,559 (-22.2%), from €173,550 to €134,991
- Other operating charges +€22,438
up €22,438 (+126.2%), from €17,781 to €40,219
- Purchases and services -€21,020
down €21,020 (-27.4%), from €76,683 to €55,663
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 | €6,716,161 | €6,907,692 | +€191,531 | +2.9% |
| Fixed assets | 21/28 | €6,605,252 | €5,875,461 | -€729,791 | -11.0% |
| Tangible fixed assets | 22/27 | €5,825,192 | €5,095,401 | -€729,791 | -12.5% |
| Land and buildings | 22 | €5,764,781 | €5,060,058 | -€704,723 | -12.2% |
| Furniture and vehicles | 24 | €534 | €243 | -€291 | -54.5% |
| Leasing and similar rights | 25 | €59,877 | €35,100 | -€24,777 | -41.4% |
| Financial fixed assets | 28 | €780,060 | €780,060 | = | 0.0% |
| Current assets | 29/58 | €110,909 | €1,032,231 | +€921,322 | +830.7% |
| Amounts receivable within one year | 40/41 | €27,134 | €35,844 | +€8,710 | +32.1% |
| Trade receivables | 40 | €1,400 | €5,808 | +€4,408 | +314.9% |
| Other amounts receivable | 41 | €25,734 | €30,036 | +€4,302 | +16.7% |
| Cash at bank and in hand | 54/58 | €71,293 | €976,812 | +€905,519 | +1270.1% |
| Deferred charges and accrued income | 490/1 | €12,482 | €19,575 | +€7,093 | +56.8% |
| Total equity and liabilities | 10/49 | €6,716,161 | €6,907,692 | +€191,531 | +2.9% |
| Equity | 10/15 | €1,120,384 | €2,759,369 | +€1.6m | +146.3% |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Reserves | 13 | €502,500 | €2,302,376 | +€1.8m | +358.2% |
| Tax-exempt reserves | 132 | €502,500 | €2,302,376 | +€1.8m | +358.2% |
| Profit (loss) carried forward | 14 | €609,829 | €448,938 | -€160,891 | -26.4% |
| Provisions and deferred taxes | 16 | €167,500 | €161,790 | -€5,710 | -3.4% |
| Deferred taxes | 168 | €167,500 | €161,790 | -€5,710 | -3.4% |
| Amounts payable | 17/49 | €5,428,277 | €3,986,533 | -€1.4m | -26.6% |
| Amounts payable after more than one year | 17 | €3,795,643 | €3,658,417 | -€137,226 | -3.6% |
| Financial debts | 170/4 | €3,795,643 | €3,658,417 | -€137,226 | -3.6% |
| Amounts payable within one year | 42/48 | €1,616,283 | €325,631 | -€1.3m | -79.9% |
| Current portion of amounts payable after more than one year | 42 | €127,579 | €137,227 | +€9,648 | +7.6% |
| Financial debts | 43 | €320,000 | - | -€320,000 | |
| Credit institutions | 430/8 | €320,000 | - | -€320,000 | |
| Advances received on contracts in progress | 46 | €750,000 | - | -€750,000 | |
| Taxes, remuneration and social security | 45 | - | €504 | +€504 | |
| Taxes | 450/3 | - | €504 | +€504 | |
| Other amounts payable | 47/48 | €418,704 | €187,900 | -€230,804 | -55.1% |
| Accrued charges and deferred income | 492/3 | €16,351 | €2,485 | -€13,866 | -84.8% |
| Turnover | 70 | €295,700 | €141,453 | -€154,247 | -52.2% |
| Non-recurring operating income | 76A | - | €1,876,350 | +€1.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | €76,683 | €55,663 | -€21,020 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,550 | €134,991 | -€38,559 | -22.2% |
| Other operating charges | 640/8 | €17,781 | €40,219 | +€22,438 | +126.2% |
| Gross operating margin | 9900 | €219,017 | €1,987,445 | +€1.8m | +807.4% |
| Operating profit (loss) | 9901 | €27,686 | €1,812,235 | +€1.8m | +6445.7% |
| Financial charges | 65/66B | €30,742 | €28,776 | -€1,966 | -6.4% |
| Recurring financial charges | 65 | €30,742 | €28,776 | -€1,966 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,056 | €1,783,459 | +€1.8m | |
| Transfer from deferred taxes | 780 | €5,710 | €5,710 | = | 0.0% |
| Income taxes | 67/77 | -€19,685 | €184 | +€19,869 | |
| Profit (loss) for the period | 9904 | €22,339 | €1,788,985 | +€1.8m | +7908.3% |
| Transfer from tax-exempt reserves | 789 | €17,131 | €17,131 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €1,817,007 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €39,470 | -€10,891 | -€50,361 |
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 1 October 2026 via checked.be.