Natu-Ral: 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.
Natu-Ral
Largest movements
- Cash +€10,410
up €10,410 (+28.1%), from €36,992 to €47,403
mainly Other debts (+€20,000) and Net result for the year (+€8,238)
- Stocks and contracts +€7,204
up €7,204 (+18.4%), from €39,140 to €46,344
- Receivables within one year +€4,391
up €4,391 (+4.8%), from €91,946 to €96,336
of which Other amounts receivable: +€2,565
- Other debts +€20,000
new in 2025: €20,000
- Trade debts -€11,171
down €11,171 (-44.2%), from €25,284 to €14,113
- Reserves +€8,238
up €8,238 (+8.9%), from €92,262 to €100,500
of which Distributable reserves: +€8,238
- Short-term financial debts +€5,000
up €5,000 (+16.7%), from €30,000 to €35,000
- Debts after one year -€3,614
down €3,614 (-45.2%), from €8,000 to €4,386
- Gross operating margin -€20,528
down €20,528 (-39.7%), from €51,649 to €31,120
- Staff costs -€14,755
down €14,755 (-80.1%), from €18,412 to €3,657
- Taxes +€1,482
up €1,482 (+21.2%), from €6,983 to €8,465
- Financial charges -€956
down €956 (-21.2%), from €4,516 to €3,560
- Other operating charges -€554
down €554 (-19.2%), from €2,880 to €2,326
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 | €202,607 | €223,669 | +€21,062 | +10.4% |
| Fixed assets | 21/28 | €32,196 | €31,245 | -€951 | -3.0% |
| Tangible fixed assets | 22/27 | €31,972 | €31,021 | -€951 | -3.0% |
| Land and buildings | 22 | €7,087 | €6,212 | -€875 | -12.3% |
| Plant, machinery and equipment | 23 | €24,885 | €24,809 | -€76 | -0.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €224 | €224 | = | 0.0% |
| Current assets | 29/58 | €170,411 | €192,424 | +€22,012 | +12.9% |
| Stocks and contracts in progress | 3 | €39,140 | €46,344 | +€7,204 | +18.4% |
| Stocks | 30/36 | €39,140 | €46,344 | +€7,204 | +18.4% |
| Amounts receivable within one year | 40/41 | €91,946 | €96,336 | +€4,391 | +4.8% |
| Trade receivables | 40 | €21,486 | €23,312 | +€1,826 | +8.5% |
| Other amounts receivable | 41 | €70,460 | €73,025 | +€2,565 | +3.6% |
| Cash at bank and in hand | 54/58 | €36,992 | €47,403 | +€10,410 | +28.1% |
| Deferred charges and accrued income | 490/1 | €2,333 | €2,340 | +€8 | +0.3% |
| Total equity and liabilities | 10/49 | €202,607 | €223,669 | +€21,062 | +10.4% |
| Equity | 10/15 | €136,015 | €144,253 | +€8,238 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,262 | €100,500 | +€8,238 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,402 | €98,640 | +€8,238 | +9.1% |
| Profit (loss) carried forward | 14 | €25,153 | €25,153 | = | 0.0% |
| Amounts payable | 17/49 | €66,592 | €79,416 | +€12,824 | +19.3% |
| Amounts payable after more than one year | 17 | €8,000 | €4,386 | -€3,614 | -45.2% |
| Financial debts | 170/4 | €8,000 | €4,386 | -€3,614 | -45.2% |
| Amounts payable within one year | 42/48 | €58,592 | €75,030 | +€16,438 | +28.1% |
| Financial debts | 43 | €30,000 | €35,000 | +€5,000 | +16.7% |
| Credit institutions | 430/8 | €30,000 | €35,000 | +€5,000 | +16.7% |
| Trade debts | 44 | €25,284 | €14,113 | -€11,171 | -44.2% |
| Suppliers | 440/4 | €25,284 | €14,113 | -€11,171 | -44.2% |
| Taxes, remuneration and social security | 45 | €3,308 | €5,916 | +€2,609 | +78.9% |
| Taxes | 450/3 | €3,308 | €5,916 | +€2,609 | +78.9% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €18,412 | €3,657 | -€14,755 | -80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,881 | €4,874 | -€7 | -0.1% |
| Other operating charges | 640/8 | €2,880 | €2,326 | -€554 | -19.2% |
| Gross operating margin | 9900 | €51,649 | €31,120 | -€20,528 | -39.7% |
| Operating profit (loss) | 9901 | €25,475 | €20,263 | -€5,212 | -20.5% |
| Financial charges | 65/66B | €4,516 | €3,560 | -€956 | -21.2% |
| Recurring financial charges | 65 | €4,516 | €3,560 | -€956 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €20,959 | €16,703 | -€4,256 | -20.3% |
| Income taxes | 67/77 | €6,983 | €8,465 | +€1,482 | +21.2% |
| Profit (loss) for the period | 9904 | €13,976 | €8,238 | -€5,738 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,976 | €8,238 | -€5,738 | -41.1% |
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 13 October 2026 via checked.be.