NATOM: 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.
NATOM
Largest movements
- Tangible fixed assets -€32,967
down €32,967 (-9.4%), from €350,519 to €317,552
- Deferred charges and accrued income +€16,775
up €16,775 (+1,114%), from €1,506 to €18,281
- Contributions -€40,000
down €40,000 (-16.3%), from €245,078 to €205,078
- Trade debts +€15,729
up €15,729 (+376%), from €4,185 to €19,914
- Debts after one year +€12,582
up €12,582 (+59.5%), from €21,149 to €33,731
- Profit (loss) carried forward -€5,392
down €5,392 (-2.9%), from -€185,960 to -€191,352
- Gross operating margin +€1,407
up €1,407 (+4.1%), from €34,282 to €35,688
- Financial charges +€597
up €597 (+78.3%), from €763 to €1,360
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.
Derived cash bridge
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 | €352,673 | €336,587 | -€16,086 | -4.6% |
| Fixed assets | 21/28 | €350,519 | €317,552 | -€32,967 | -9.4% |
| Tangible fixed assets | 22/27 | €350,519 | €317,552 | -€32,967 | -9.4% |
| Land and buildings | 22 | €350,519 | €317,552 | -€32,967 | -9.4% |
| Current assets | 29/58 | €2,154 | €19,035 | +€16,881 | +784% |
| Cash at bank and in hand | 54/58 | €648 | €753 | +€106 | +16.3% |
| Deferred charges and accrued income | 490/1 | €1,506 | €18,281 | +€16,775 | +1,114% |
| Total equity and liabilities | 10/49 | €352,673 | €336,587 | -€16,086 | -4.6% |
| Equity | 10/15 | €326,617 | €281,225 | -€45,392 | -13.9% |
| Contributions | 10/11 | €245,078 | €205,078 | -€40,000 | -16.3% |
| Reserves | 13 | €267,499 | €267,499 | = | 0.0% |
| Distributable reserves | 133 | €267,499 | €267,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,960 | -€191,352 | -€5,392 | -2.9% |
| Amounts payable | 17/49 | €26,056 | €55,362 | +€29,306 | +112% |
| Amounts payable after more than one year | 17 | €21,149 | €33,731 | +€12,582 | +59.5% |
| Other amounts payable | 178/9 | €21,149 | €33,731 | +€12,582 | +59.5% |
| Amounts payable within one year | 42/48 | €4,185 | €19,914 | +€15,729 | +376% |
| Trade debts | 44 | €4,185 | €19,914 | +€15,729 | +376% |
| Suppliers | 440/4 | €4,185 | €19,914 | +€15,729 | +376% |
| Accrued charges and deferred income | 492/3 | €722 | €1,717 | +€995 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,967 | €32,967 | = | 0.0% |
| Other operating charges | 640/8 | €6,817 | €6,754 | -€64 | -0.9% |
| Gross operating margin | 9900 | €34,282 | €35,688 | +€1,407 | +4.1% |
| Operating profit (loss) | 9901 | -€5,502 | -€4,032 | +€1,470 | +26.7% |
| Financial charges | 65/66B | €763 | €1,360 | +€597 | +78.3% |
| Recurring financial charges | 65 | €763 | €1,360 | +€597 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,265 | -€5,392 | +€873 | +13.9% |
| Profit (loss) for the period | 9904 | -€6,265 | -€5,392 | +€873 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,265 | -€5,392 | +€873 | +13.9% |
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 14 October 2026 via checked.be.