Natralink: 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.
Natralink
Largest movements
- Receivables within one year +€7,423
up €7,423 (+34.4%), from €21,563 to €28,986
of which Trade receivables: +€6,258
- Tangible fixed assets +€2,927
up €2,927 (+12.4%), from €23,526 to €26,453
of which Other tangible fixed assets: +€7,796
- Cash -€2,360
down €2,360 (-78.5%), from €3,007 to €647
mainly Investment in fixed assets (net) (-€13,040) and Receivables within one year (-€7,423)
- Deferred charges and accrued income +€999
up €999 (+1233.9%), from €81 to €1,080
- Trade debts +€18,339
up €18,339 (+544.3%), from €3,369 to €21,708
- Debts after one year -€4,317
down €4,317 (-35.2%), from €12,279 to €7,961
- Profit (loss) carried forward -€3,355
down €3,355 (-20.3%), from €16,496 to €13,142
- Tax, wage and social debts -€1,838
down €1,838 (-20.7%), from €8,876 to €7,038
- Depreciation +€6,326
up €6,326 (+167.1%), from €3,786 to €10,113
- Taxes +€1,466
up €1,466, from -€1,286 to €180
- Gross operating margin +€1,109
up €1,109 (+15.7%), from €7,044 to €8,154
- Other operating charges +€749
up €749 (+224.2%), from €334 to €1,083
- Financial charges +€581
up €581 (+113.5%), from €512 to €1,093
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 | €48,176 | €57,166 | +€8,990 | +18.7% |
| Fixed assets | 21/28 | €23,526 | €26,453 | +€2,927 | +12.4% |
| Tangible fixed assets | 22/27 | €23,526 | €26,453 | +€2,927 | +12.4% |
| Furniture and vehicles | 24 | €23,526 | €18,657 | -€4,869 | -20.7% |
| Other tangible fixed assets | 26 | - | €7,796 | +€7,796 | |
| Current assets | 29/58 | €24,650 | €30,713 | +€6,063 | +24.6% |
| Amounts receivable within one year | 40/41 | €21,563 | €28,986 | +€7,423 | +34.4% |
| Trade receivables | 40 | €3,173 | €9,431 | +€6,258 | +197.2% |
| Other amounts receivable | 41 | €18,390 | €19,555 | +€1,165 | +6.3% |
| Cash at bank and in hand | 54/58 | €3,007 | €647 | -€2,360 | -78.5% |
| Deferred charges and accrued income | 490/1 | €81 | €1,080 | +€999 | +1233.9% |
| Total equity and liabilities | 10/49 | €48,176 | €57,166 | +€8,990 | +18.7% |
| Equity | 10/15 | €19,496 | €16,142 | -€3,355 | -17.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,496 | €13,142 | -€3,355 | -20.3% |
| Amounts payable | 17/49 | €28,680 | €41,025 | +€12,345 | +43.0% |
| Amounts payable after more than one year | 17 | €12,279 | €7,961 | -€4,317 | -35.2% |
| Financial debts | 170/4 | €12,279 | €7,961 | -€4,317 | -35.2% |
| Amounts payable within one year | 42/48 | €16,401 | €33,063 | +€16,662 | +101.6% |
| Current portion of amounts payable after more than one year | 42 | €4,156 | €4,317 | +€161 | +3.9% |
| Trade debts | 44 | €3,369 | €21,708 | +€18,339 | +544.3% |
| Suppliers | 440/4 | €3,369 | €21,708 | +€18,339 | +544.3% |
| Taxes, remuneration and social security | 45 | €8,876 | €7,038 | -€1,838 | -20.7% |
| Taxes | 450/3 | €8,876 | €7,038 | -€1,838 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,786 | €10,113 | +€6,326 | +167.1% |
| Other operating charges | 640/8 | €334 | €1,083 | +€749 | +224.2% |
| Gross operating margin | 9900 | €7,044 | €8,154 | +€1,109 | +15.7% |
| Operating profit (loss) | 9901 | €2,924 | -€3,042 | -€5,966 | |
| Financial income | 75/76B | €1,125 | €960 | -€165 | -14.7% |
| Recurring financial income | 75 | €1,125 | €960 | -€165 | -14.7% |
| Financial charges | 65/66B | €512 | €1,093 | +€581 | +113.5% |
| Recurring financial charges | 65 | €512 | €1,093 | +€581 | +113.5% |
| Profit (loss) for the period before taxes | 9903 | €3,537 | -€3,175 | -€6,712 | |
| Income taxes | 67/77 | -€1,286 | €180 | +€1,466 | |
| Profit (loss) for the period | 9904 | €4,824 | -€3,355 | -€8,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,824 | -€3,355 | -€8,178 |
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 4 October 2026 via checked.be.