NATO EXPRESS: 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.
NATO EXPRESS
Largest movements
- Receivables within one year +€14,265
up €14,265 (+94.6%), from €15,083 to €29,348
of which Trade receivables: +€8,301
- Tangible fixed assets -€2,686
down €2,686 (-100%), from €2,686 to €0
- Profit (loss) carried forward +€6,200
up €6,200 (+67.4%), from €9,194 to €15,394
- Tax, wage and social debts +€6,121
up €6,121 (+84.8%), from €7,222 to €13,343
- Trade debts -€616
down €616 (-26.7%), from €2,304 to €1,688
- Gross operating margin +€9,226
up €9,226 (+364%), from €2,532 to €11,758
- Taxes +€2,183
up €2,183 (+655%), from €333 to €2,516
- Other operating charges +€1,282
up €1,282 (+271%), from €473 to €1,756
- Depreciation -€775
down €775 (-40.8%), from €1,900 to €1,125
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 | €19,034 | €30,679 | +€11,645 | +61.2% |
| Fixed assets | 21/28 | €2,764 | €78 | -€2,686 | -97.2% |
| Tangible fixed assets | 22/27 | €2,686 | €0 | -€2,686 | -100% |
| Furniture and vehicles | 24 | €2,686 | €0 | -€2,686 | -100% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €16,270 | €30,601 | +€14,330 | +88.1% |
| Amounts receivable within one year | 40/41 | €15,083 | €29,348 | +€14,265 | +94.6% |
| Trade receivables | 40 | €959 | €9,260 | +€8,301 | +866% |
| Other amounts receivable | 41 | €14,124 | €20,088 | +€5,964 | +42.2% |
| Cash at bank and in hand | 54/58 | €1,187 | €1,253 | +€66 | +5.5% |
| Total equity and liabilities | 10/49 | €19,034 | €30,679 | +€11,645 | +61.2% |
| Equity | 10/15 | €9,436 | €15,637 | +€6,200 | +65.7% |
| Reserves | 13 | €243 | €243 | = | 0.0% |
| Non-distributable reserves | 130/1 | €243 | €243 | = | 0.0% |
| Other | 1319 | €243 | €243 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,194 | €15,394 | +€6,200 | +67.4% |
| Amounts payable | 17/49 | €9,598 | €15,042 | +€5,444 | +56.7% |
| Amounts payable within one year | 42/48 | €9,598 | €15,042 | +€5,444 | +56.7% |
| Financial debts | 43 | €72 | €12 | -€60 | -83.9% |
| Credit institutions | 430/8 | €72 | €12 | -€60 | -83.9% |
| Trade debts | 44 | €2,304 | €1,688 | -€616 | -26.7% |
| Suppliers | 440/4 | €2,304 | €1,688 | -€616 | -26.7% |
| Taxes, remuneration and social security | 45 | €7,222 | €13,343 | +€6,121 | +84.8% |
| Taxes | 450/3 | €7,222 | €13,343 | +€6,121 | +84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,900 | €1,125 | -€775 | -40.8% |
| Other operating charges | 640/8 | €473 | €1,756 | +€1,282 | +271% |
| Gross operating margin | 9900 | €2,532 | €11,758 | +€9,226 | +364% |
| Operating profit (loss) | 9901 | €159 | €8,877 | +€8,719 | +5,490% |
| Financial charges | 65/66B | €234 | €161 | -€72 | -30.9% |
| Recurring financial charges | 65 | €234 | €161 | -€72 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€75 | €8,716 | +€8,791 | |
| Income taxes | 67/77 | €333 | €2,516 | +€2,183 | +655% |
| Profit (loss) for the period | 9904 | -€408 | €6,200 | +€6,608 | |
| Profit (loss) for the period to be appropriated | 9905 | -€408 | €6,200 | +€6,608 |
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 18 October 2026 via checked.be.