NATIVE: 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.
NATIVE
Largest movements
- Receivables within one year +€176,487
up €176,487 (+225%), from €78,607 to €255,094
of which Trade receivables: +€189,489
- Cash +€71,039
up €71,039 (+17.0%), from €418,037 to €489,075
mainly Trade debts (+€346,036) and Provisions (+€120,122)
- Tangible fixed assets +€62,210
up €62,210 (+208%), from €29,843 to €92,053
of which Plant, machinery and equipment: +€45,502
- Stocks and contracts +€13,120
up €13,120 (+49.0%), from €26,768 to €39,888
- Trade debts +€346,036
up €346,036 (+14,656%), from €2,361 to €348,397
of which Suppliers: +€336,809
- Other debts -€134,643
down €134,643 (-55.4%), from €243,255 to €108,612
- Provisions +€120,122
new in 2024: €120,122
- Reserves -€72,568
down €72,568 (-38.6%), from €188,190 to €115,622
of which Distributable reserves: -€72,568
- Tax, wage and social debts +€65,570
up €65,570 (+57.9%), from €113,268 to €178,838
- Provisions +€120,122
new in 2024: €120,122
- Gross operating margin -€30,078
down €30,078 (-13.6%), from €221,400 to €191,322
- Other operating charges -€16,774
down €16,774 (-97.0%), from €17,289 to €516
- Taxes -€15,128
down €15,128 (-25.7%), from €58,769 to €43,641
- Financial charges +€2,398
up €2,398 (+176%), from €1,366 to €3,765
From the 2023 result to the 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €553,372 | €877,932 | +€324,560 | +58.7% |
| Fixed assets | 21/28 | €29,893 | €92,103 | +€62,210 | +208% |
| Tangible fixed assets | 22/27 | €29,843 | €92,053 | +€62,210 | +208% |
| Plant, machinery and equipment | 23 | €498 | €46,000 | +€45,502 | +9,134% |
| Furniture and vehicles | 24 | €29,345 | €46,053 | +€16,709 | +56.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €523,479 | €785,828 | +€262,350 | +50.1% |
| Stocks and contracts in progress | 3 | €26,768 | €39,888 | +€13,120 | +49.0% |
| Stocks | 30/36 | €26,768 | €39,888 | +€13,120 | +49.0% |
| Amounts receivable within one year | 40/41 | €78,607 | €255,094 | +€176,487 | +225% |
| Trade receivables | 40 | €25,899 | €215,388 | +€189,489 | +732% |
| Other amounts receivable | 41 | €52,708 | €39,705 | -€13,002 | -24.7% |
| Cash at bank and in hand | 54/58 | €418,037 | €489,075 | +€71,039 | +17.0% |
| Deferred charges and accrued income | 490/1 | €67 | €1,771 | +€1,704 | +2,545% |
| Total equity and liabilities | 10/49 | €553,372 | €877,932 | +€324,560 | +58.7% |
| Equity | 10/15 | €194,390 | €121,822 | -€72,568 | -37.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €188,190 | €115,622 | -€72,568 | -38.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €186,330 | €113,762 | -€72,568 | -38.9% |
| Provisions and deferred taxes | 16 | - | €120,122 | +€120,122 | |
| Provisions for liabilities and charges | 160/5 | - | €120,122 | +€120,122 | |
| Other liabilities and charges | 164/5 | - | €120,122 | +€120,122 | |
| Amounts payable | 17/49 | €358,982 | €635,987 | +€277,005 | +77.2% |
| Amounts payable within one year | 42/48 | €358,884 | €635,847 | +€276,963 | +77.2% |
| Trade debts | 44 | €2,361 | €348,397 | +€346,036 | +14,656% |
| Suppliers | 440/4 | €2,361 | €339,170 | +€336,809 | +14,265% |
| Bills of exchange payable | 441 | - | €9,227 | +€9,227 | |
| Taxes, remuneration and social security | 45 | €113,268 | €178,838 | +€65,570 | +57.9% |
| Taxes | 450/3 | €113,268 | €178,838 | +€65,570 | +57.9% |
| Other amounts payable | 47/48 | €243,255 | €108,612 | -€134,643 | -55.4% |
| Accrued charges and deferred income | 492/3 | €98 | €140 | +€42 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,452 | €20,387 | -€1,065 | -5.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €120,122 | +€120,122 | |
| Other operating charges | 640/8 | €17,289 | €516 | -€16,774 | -97.0% |
| Gross operating margin | 9900 | €221,400 | €191,322 | -€30,078 | -13.6% |
| Operating profit (loss) | 9901 | €182,659 | €50,298 | -€132,361 | -72.5% |
| Financial income | 75/76B | €2,907 | €2,892 | -€15 | -0.5% |
| Recurring financial income | 75 | €2,907 | €2,892 | -€15 | -0.5% |
| Financial charges | 65/66B | €1,366 | €3,765 | +€2,398 | +176% |
| Recurring financial charges | 65 | €1,366 | €3,765 | +€2,398 | +176% |
| Profit (loss) for the period before taxes | 9903 | €184,200 | €49,425 | -€134,774 | -73.2% |
| Income taxes | 67/77 | €58,769 | €43,641 | -€15,128 | -25.7% |
| Profit (loss) for the period | 9904 | €125,431 | €5,784 | -€119,646 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €125,431 | €5,784 | -€119,646 | -95.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.