NativE.D: 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.
NativE.D
Largest movements
- Cash +€21,738
up €21,738 (+29.8%), from €72,929 to €94,666
mainly Net result for the year (+€40,316) and Depreciation (+€10,203)
- Tangible fixed assets -€5,203
down €5,203 (-3.9%), from €131,944 to €126,741
of which Land and buildings: -€3,703
- Intangible fixed assets -€5,000
down €5,000 (-12.5%), from €40,036 to €35,036
- Reserves +€92,295
up €92,295 (+312.2%), from €29,561 to €121,856
- Profit (loss) carried forward -€51,980
no longer reported in 2025 (was €51,980)
- Debts after one year -€18,243
down €18,243 (-12.7%), from €143,463 to €125,220
- Trade debts -€8,808
down €8,808 (-44.3%), from €19,882 to €11,074
- Gross operating margin +€21,046
up €21,046 (+35.7%), from €58,920 to €79,966
- Staff costs +€9,368
up €9,368, from -€4 to €9,364
- Financial charges +€1,567
up €1,567 (+23.3%), from €6,737 to €8,304
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 | €338,480 | €349,072 | +€10,592 | +3.1% |
| Fixed assets | 21/28 | €171,980 | €161,777 | -€10,203 | -5.9% |
| Intangible fixed assets | 21 | €40,036 | €35,036 | -€5,000 | -12.5% |
| Tangible fixed assets | 22/27 | €131,944 | €126,741 | -€5,203 | -3.9% |
| Land and buildings | 22 | €119,933 | €116,230 | -€3,703 | -3.1% |
| Plant, machinery and equipment | 23 | €12,011 | €10,511 | -€1,500 | -12.5% |
| Current assets | 29/58 | €166,500 | €187,295 | +€20,795 | +12.5% |
| Stocks and contracts in progress | 3 | €91,349 | €91,574 | +€225 | +0.2% |
| Stocks | 30/36 | €91,349 | €91,574 | +€225 | +0.2% |
| Amounts receivable within one year | 40/41 | €1,505 | €553 | -€952 | -63.3% |
| Trade receivables | 40 | €1,279 | €297 | -€982 | -76.8% |
| Other amounts receivable | 41 | €226 | €256 | +€30 | +13.4% |
| Cash at bank and in hand | 54/58 | €72,929 | €94,666 | +€21,738 | +29.8% |
| Deferred charges and accrued income | 490/1 | €718 | €502 | -€216 | -30.1% |
| Total equity and liabilities | 10/49 | €338,480 | €349,072 | +€10,592 | +3.1% |
| Equity | 10/15 | €111,540 | €151,856 | +€40,316 | +36.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €29,561 | €121,856 | +€92,295 | +312.2% |
| Distributable reserves | 133 | €29,561 | €121,856 | +€92,295 | +312.2% |
| Profit (loss) carried forward | 14 | €51,980 | - | -€51,980 | |
| Amounts payable | 17/49 | €226,940 | €197,216 | -€29,724 | -13.1% |
| Amounts payable after more than one year | 17 | €143,463 | €125,220 | -€18,243 | -12.7% |
| Financial debts | 170/4 | €143,463 | €125,220 | -€18,243 | -12.7% |
| Amounts payable within one year | 42/48 | €81,244 | €71,370 | -€9,874 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €17,648 | €19,639 | +€1,990 | +11.3% |
| Trade debts | 44 | €19,882 | €11,074 | -€8,808 | -44.3% |
| Suppliers | 440/4 | €19,882 | €11,074 | -€8,808 | -44.3% |
| Taxes, remuneration and social security | 45 | €30,275 | €27,534 | -€2,741 | -9.1% |
| Taxes | 450/3 | €28,625 | €22,355 | -€6,270 | -21.9% |
| Remuneration and social security | 454/9 | €1,650 | €5,179 | +€3,529 | +213.9% |
| Other amounts payable | 47/48 | €13,439 | €13,124 | -€315 | -2.3% |
| Accrued charges and deferred income | 492/3 | €2,233 | €626 | -€1,607 | -72.0% |
| Remuneration, social security and pensions | 62 | -€4 | €9,364 | +€9,368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,203 | €10,203 | = | 0.0% |
| Other operating charges | 640/8 | €1,461 | €1,523 | +€62 | +4.2% |
| Gross operating margin | 9900 | €58,920 | €79,966 | +€21,046 | +35.7% |
| Operating profit (loss) | 9901 | €47,260 | €58,876 | +€11,616 | +24.6% |
| Financial income | 75/76B | €314 | €435 | +€121 | +38.6% |
| Recurring financial income | 75 | €314 | €435 | +€121 | +38.6% |
| Financial charges | 65/66B | €6,737 | €8,304 | +€1,567 | +23.3% |
| Recurring financial charges | 65 | €6,737 | €8,304 | +€1,567 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €40,837 | €51,007 | +€10,170 | +24.9% |
| Income taxes | 67/77 | €11,276 | €10,691 | -€585 | -5.2% |
| Profit (loss) for the period | 9904 | €29,561 | €40,316 | +€10,755 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,561 | €40,316 | +€10,755 | +36.4% |
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 30 September 2026 via checked.be.