NATRIGO: 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.
NATRIGO
Largest movements
- Tangible fixed assets +€27,244
up €27,244 (+92.6%), from €29,420 to €56,664
of which Other tangible fixed assets: +€31,490
- Cash -€12,708
down €12,708 (-13.3%), from €95,635 to €82,927
mainly Contributions, distributions and other (-€47,058) and Investment in fixed assets (net) (-€38,638)
- Receivables within one year +€4,983
up €4,983 (+26.7%), from €18,687 to €23,670
of which Trade receivables: +€3,013
- Other debts +€47,981
up €47,981 (+1010.1%), from €4,750 to €52,731
- Tax, wage and social debts -€18,927
down €18,927 (-64.9%), from €29,145 to €10,218
of which Remuneration and social security: -€21,633
- Trade debts -€5,848
down €5,848 (-98.5%), from €5,936 to €88
- Profit (loss) carried forward -€3,605
down €3,605 (-3.7%), from €98,317 to €94,712
- Gross operating margin +€10,936
up €10,936 (+19.5%), from €56,203 to €67,139
- Depreciation +€3,621
up €3,621 (+46.6%), from €7,773 to €11,394
- Taxes +€1,351
up €1,351 (+13.5%), from €9,979 to €11,330
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 | €147,281 | €166,905 | +€19,624 | +13.3% |
| Fixed assets | 21/28 | €29,420 | €56,664 | +€27,244 | +92.6% |
| Tangible fixed assets | 22/27 | €29,420 | €56,664 | +€27,244 | +92.6% |
| Furniture and vehicles | 24 | €25,742 | €21,496 | -€4,246 | -16.5% |
| Other tangible fixed assets | 26 | €3,678 | €35,168 | +€31,490 | +856.2% |
| Current assets | 29/58 | €117,861 | €110,241 | -€7,620 | -6.5% |
| Amounts receivable within one year | 40/41 | €18,687 | €23,670 | +€4,983 | +26.7% |
| Trade receivables | 40 | €12,052 | €15,065 | +€3,013 | +25.0% |
| Other amounts receivable | 41 | €6,635 | €8,605 | +€1,970 | +29.7% |
| Cash at bank and in hand | 54/58 | €95,635 | €82,927 | -€12,708 | -13.3% |
| Deferred charges and accrued income | 490/1 | €3,539 | €3,644 | +€105 | +3.0% |
| Total equity and liabilities | 10/49 | €147,281 | €166,905 | +€19,624 | +13.3% |
| Equity | 10/15 | €106,377 | €102,772 | -€3,605 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,317 | €94,712 | -€3,605 | -3.7% |
| Amounts payable | 17/49 | €40,904 | €64,133 | +€23,229 | +56.8% |
| Amounts payable within one year | 42/48 | €39,831 | €63,037 | +€23,206 | +58.3% |
| Trade debts | 44 | €5,936 | €88 | -€5,848 | -98.5% |
| Suppliers | 440/4 | €5,936 | €88 | -€5,848 | -98.5% |
| Taxes, remuneration and social security | 45 | €29,145 | €10,218 | -€18,927 | -64.9% |
| Taxes | 450/3 | €7,512 | €10,218 | +€2,706 | +36.0% |
| Remuneration and social security | 454/9 | €21,633 | - | -€21,633 | |
| Other amounts payable | 47/48 | €4,750 | €52,731 | +€47,981 | +1010.1% |
| Accrued charges and deferred income | 492/3 | €1,073 | €1,096 | +€23 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,773 | €11,394 | +€3,621 | +46.6% |
| Other operating charges | 640/8 | €551 | €962 | +€411 | +74.6% |
| Gross operating margin | 9900 | €56,203 | €67,139 | +€10,936 | +19.5% |
| Operating profit (loss) | 9901 | €47,879 | €54,783 | +€6,904 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €47,879 | €54,783 | +€6,904 | +14.4% |
| Income taxes | 67/77 | €9,979 | €11,330 | +€1,351 | +13.5% |
| Profit (loss) for the period | 9904 | €37,900 | €43,453 | +€5,553 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,900 | €43,453 | +€5,553 | +14.7% |
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 9 October 2026 via checked.be.