NATOLI: 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.
NATOLI
Largest movements
- Intangible fixed assets -€33,000
down €33,000 (-45.8%), from €72,099 to €39,099
- Cash +€25,279
up €25,279 (+279.5%), from €9,045 to €34,324
mainly Depreciation (+€42,891) and Net result for the year (+€12,148)
- Tangible fixed assets -€3,626
down €3,626 (-20.9%), from €17,347 to €13,721
of which Plant, machinery and equipment: -€2,574
- Stocks and contracts -€2,725
down €2,725 (-14.2%), from €19,220 to €16,495
- Receivables within one year -€1,838
no longer reported in 2025 (was €1,838)
- Debts after one year -€34,122
down €34,122 (-79.8%), from €42,756 to €8,634
- Profit (loss) carried forward +€12,148
up €12,148 (+101.4%), from €11,978 to €24,125
- Tax, wage and social debts +€5,400
up €5,400 (+22.2%), from €24,377 to €29,777
of which Remuneration and social security: +€4,251
- Trade debts -€5,339
down €5,339 (-61.5%), from €8,683 to €3,344
- Current portion of long-term debt +€3,047
up €3,047 (+9.1%), from €33,467 to €36,514
- Staff costs -€13,437
down €13,437 (-20.2%), from €66,372 to €52,936
- Gross operating margin +€5,069
up €5,069 (+4.6%), from €111,012 to €116,080
- Depreciation +€4,114
up €4,114 (+10.6%), from €38,777 to €42,891
- Taxes +€3,973
up €3,973 (+3033.7%), from €131 to €4,104
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 | €122,948 | €107,039 | -€15,910 | -12.9% |
| Fixed assets | 21/28 | €92,846 | €56,220 | -€36,626 | -39.4% |
| Intangible fixed assets | 21 | €72,099 | €39,099 | -€33,000 | -45.8% |
| Tangible fixed assets | 22/27 | €17,347 | €13,721 | -€3,626 | -20.9% |
| Plant, machinery and equipment | 23 | €13,568 | €10,994 | -€2,574 | -19.0% |
| Furniture and vehicles | 24 | €3,779 | €2,727 | -€1,052 | -27.8% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €30,103 | €50,819 | +€20,716 | +68.8% |
| Stocks and contracts in progress | 3 | €19,220 | €16,495 | -€2,725 | -14.2% |
| Stocks | 30/36 | €19,220 | €16,495 | -€2,725 | -14.2% |
| Amounts receivable within one year | 40/41 | €1,838 | - | -€1,838 | |
| Other amounts receivable | 41 | €1,838 | - | -€1,838 | |
| Cash at bank and in hand | 54/58 | €9,045 | €34,324 | +€25,279 | +279.5% |
| Total equity and liabilities | 10/49 | €122,948 | €107,039 | -€15,910 | -12.9% |
| Equity | 10/15 | €12,571 | €24,718 | +€12,148 | +96.6% |
| Reserves | 13 | €593 | €593 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €593 | +€593 | |
| Reserves not available under the articles | 1311 | - | €593 | +€593 | |
| Distributable reserves | 133 | €593 | - | -€593 | |
| Profit (loss) carried forward | 14 | €11,978 | €24,125 | +€12,148 | +101.4% |
| Amounts payable | 17/49 | €110,378 | €82,320 | -€28,058 | -25.4% |
| Amounts payable after more than one year | 17 | €42,756 | €8,634 | -€34,122 | -79.8% |
| Financial debts | 170/4 | €42,756 | €8,634 | -€34,122 | -79.8% |
| Amounts payable within one year | 42/48 | €67,622 | €70,686 | +€3,064 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €33,467 | €36,514 | +€3,047 | +9.1% |
| Trade debts | 44 | €8,683 | €3,344 | -€5,339 | -61.5% |
| Suppliers | 440/4 | €8,683 | €3,344 | -€5,339 | -61.5% |
| Taxes, remuneration and social security | 45 | €24,377 | €29,777 | +€5,400 | +22.2% |
| Taxes | 450/3 | €9,305 | €10,453 | +€1,148 | +12.3% |
| Remuneration and social security | 454/9 | €15,072 | €19,323 | +€4,251 | +28.2% |
| Other amounts payable | 47/48 | €1,094 | €1,051 | -€44 | -4.0% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €66,372 | €52,936 | -€13,437 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,777 | €42,891 | +€4,114 | +10.6% |
| Other operating charges | 640/8 | €2,409 | €1,757 | -€652 | -27.1% |
| Gross operating margin | 9900 | €111,012 | €116,080 | +€5,069 | +4.6% |
| Operating profit (loss) | 9901 | €3,454 | €18,498 | +€15,044 | +435.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,612 | €2,246 | -€366 | -14.0% |
| Recurring financial charges | 65 | €2,612 | €2,246 | -€366 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €842 | €16,252 | +€15,410 | +1830.5% |
| Income taxes | 67/77 | €131 | €4,104 | +€3,973 | +3033.7% |
| Profit (loss) for the period | 9904 | €711 | €12,148 | +€11,437 | +1608.9% |
| Profit (loss) for the period to be appropriated | 9905 | €711 | €12,148 | +€11,437 | +1608.9% |
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 10 October 2026 via checked.be.