NATSY: 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.
NATSY
Largest movements
- Cash +€62,930
up €62,930 (+73.6%), from €85,535 to €148,465
mainly Net result for the year (+€44,227) and Tax, wage and social debts (+€21,725)
- Tangible fixed assets -€7,076
down €7,076 (-1.8%), from €400,732 to €393,657
of which Other tangible fixed assets: -€8,164
- Reserves +€62,988
up €62,988 (+74.5%), from €84,584 to €147,572
of which Distributable reserves: +€67,400
- Tax, wage and social debts +€21,725
up €21,725 (+134%), from €16,167 to €37,892
of which Taxes: +€18,943
- Profit (loss) carried forward -€20,642
down €20,642 (-30.7%), from €67,324 to €46,682
- Debts after one year -€14,944
down €14,944 (-5.3%), from €279,500 to €264,556
- Gross operating margin +€32,421
up €32,421 (+37.1%), from €87,385 to €119,806
- Taxes +€19,205
up €19,205 (+209%), from €9,190 to €28,395
- Financial income +€10,565
up €10,565 (+155%), from €6,833 to €17,398
- Other operating charges -€3,081
down €3,081 (-39.1%), from €7,878 to €4,797
- Depreciation -€1,376
down €1,376 (-6.1%), from €22,696 to €21,321
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 | €517,278 | €570,228 | +€52,950 | +10.2% |
| Fixed assets | 21/28 | €400,932 | €393,857 | -€7,076 | -1.8% |
| Tangible fixed assets | 22/27 | €400,732 | €393,657 | -€7,076 | -1.8% |
| Land and buildings | 22 | €99,579 | €93,722 | -€5,858 | -5.9% |
| Plant, machinery and equipment | 23 | €4,555 | €11,500 | +€6,946 | +153% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €296,599 | €288,435 | -€8,164 | -2.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €116,346 | €176,372 | +€60,026 | +51.6% |
| Amounts receivable within one year | 40/41 | €7,524 | €7,524 | = | 0.0% |
| Trade receivables | 40 | €7,524 | €7,524 | = | 0.0% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,535 | €148,465 | +€62,930 | +73.6% |
| Deferred charges and accrued income | 490/1 | €3,286 | €382 | -€2,904 | -88.4% |
| Total equity and liabilities | 10/49 | €517,278 | €570,228 | +€52,950 | +10.2% |
| Equity | 10/15 | €170,508 | €212,854 | +€42,347 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,584 | €147,572 | +€62,988 | +74.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,076 | €75,664 | -€4,412 | -5.5% |
| Distributable reserves | 133 | €2,648 | €70,048 | +€67,400 | +2,545% |
| Profit (loss) carried forward | 14 | €67,324 | €46,682 | -€20,642 | -30.7% |
| Provisions and deferred taxes | 16 | €20,019 | €18,916 | -€1,103 | -5.5% |
| Deferred taxes | 168 | €20,019 | €18,916 | -€1,103 | -5.5% |
| Amounts payable | 17/49 | €326,751 | €338,458 | +€11,707 | +3.6% |
| Amounts payable after more than one year | 17 | €279,500 | €264,556 | -€14,944 | -5.3% |
| Financial debts | 170/4 | €279,500 | €264,556 | -€14,944 | -5.3% |
| Amounts payable within one year | 42/48 | €47,251 | €73,902 | +€26,650 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | €12,968 | €13,341 | +€373 | +2.9% |
| Trade debts | 44 | €9,644 | €14,352 | +€4,708 | +48.8% |
| Suppliers | 440/4 | €9,644 | €14,352 | +€4,708 | +48.8% |
| Taxes, remuneration and social security | 45 | €16,167 | €37,892 | +€21,725 | +134% |
| Taxes | 450/3 | €10,401 | €29,344 | +€18,943 | +182% |
| Remuneration and social security | 454/9 | €5,766 | €8,548 | +€2,782 | +48.2% |
| Other amounts payable | 47/48 | €8,472 | €8,317 | -€155 | -1.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €32,478 | €33,091 | +€613 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,696 | €21,321 | -€1,376 | -6.1% |
| Other operating charges | 640/8 | €7,878 | €4,797 | -€3,081 | -39.1% |
| Gross operating margin | 9900 | €87,385 | €119,806 | +€32,421 | +37.1% |
| Operating profit (loss) | 9901 | €24,333 | €60,597 | +€36,264 | +149% |
| Financial income | 75/76B | €6,833 | €17,398 | +€10,565 | +155% |
| Recurring financial income | 75 | €6,833 | €17,398 | +€10,565 | +155% |
| Financial charges | 65/66B | €6,779 | €6,477 | -€302 | -4.5% |
| Recurring financial charges | 65 | €6,779 | €6,477 | -€302 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €24,387 | €71,519 | +€47,132 | +193% |
| Transfer from deferred taxes | 780 | €1,103 | €1,103 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €9,190 | €28,395 | +€19,205 | +209% |
| Profit (loss) for the period | 9904 | €16,300 | €44,227 | +€27,927 | +171% |
| Transfer from tax-exempt reserves | 789 | €4,412 | €4,412 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €20,712 | €48,638 | +€27,927 | +135% |
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 19 October 2026 via checked.be.