Natun: 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.
Natun
Largest movements
- Cash +€21,367
up €21,367 (+35.3%), from €60,536 to €81,903
mainly Net result for the year (+€17,577) and Trade debts (+€8,284)
- Receivables within one year +€15,523
up €15,523 (+65.2%), from €23,811 to €39,333
of which Trade receivables: +€16,201
- Tangible fixed assets -€5,734
down €5,734 (-48.5%), from €11,830 to €6,096
of which Furniture and vehicles: -€5,607
- Reserves +€17,577
up €17,577 (+20.9%), from €84,283 to €101,860
- Trade debts +€8,284
up €8,284 (+119.5%), from €6,935 to €15,218
- Other debts +€3,498
up €3,498 (+247.8%), from €1,412 to €4,910
- Gross operating margin +€2,105
up €2,105 (+7.0%), from €30,008 to €32,113
- Taxes +€793
up €793 (+10.6%), from €7,456 to €8,249
- Financial income +€571
up €571 (+123.4%), from €463 to €1,034
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 | €101,312 | €131,505 | +€30,192 | +29.8% |
| Fixed assets | 21/28 | €11,830 | €6,096 | -€5,734 | -48.5% |
| Tangible fixed assets | 22/27 | €11,830 | €6,096 | -€5,734 | -48.5% |
| Land and buildings | 22 | €254 | €127 | -€127 | -50.0% |
| Furniture and vehicles | 24 | €11,576 | €5,969 | -€5,607 | -48.4% |
| Current assets | 29/58 | €89,482 | €125,409 | +€35,926 | +40.1% |
| Stocks and contracts in progress | 3 | €4,503 | €3,355 | -€1,148 | -25.5% |
| Stocks | 30/36 | €4,503 | €3,355 | -€1,148 | -25.5% |
| Amounts receivable within one year | 40/41 | €23,811 | €39,333 | +€15,523 | +65.2% |
| Trade receivables | 40 | €23,132 | €39,333 | +€16,201 | +70.0% |
| Other amounts receivable | 41 | €678 | - | -€678 | |
| Cash at bank and in hand | 54/58 | €60,536 | €81,903 | +€21,367 | +35.3% |
| Deferred charges and accrued income | 490/1 | €633 | €817 | +€184 | +29.2% |
| Total equity and liabilities | 10/49 | €101,312 | €131,505 | +€30,192 | +29.8% |
| Equity | 10/15 | €85,283 | €102,860 | +€17,577 | +20.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €84,283 | €101,860 | +€17,577 | +20.9% |
| Distributable reserves | 133 | €84,283 | €101,860 | +€17,577 | +20.9% |
| Amounts payable | 17/49 | €16,029 | €28,644 | +€12,615 | +78.7% |
| Amounts payable within one year | 42/48 | €16,029 | €28,644 | +€12,615 | +78.7% |
| Trade debts | 44 | €6,935 | €15,218 | +€8,284 | +119.5% |
| Suppliers | 440/4 | €6,935 | €15,218 | +€8,284 | +119.5% |
| Taxes, remuneration and social security | 45 | €7,683 | €8,516 | +€833 | +10.8% |
| Taxes | 450/3 | €7,683 | €8,516 | +€833 | +10.8% |
| Other amounts payable | 47/48 | €1,412 | €4,910 | +€3,498 | +247.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,560 | €5,734 | +€174 | +3.1% |
| Other operating charges | 640/8 | €1,639 | €1,499 | -€140 | -8.5% |
| Gross operating margin | 9900 | €30,008 | €32,113 | +€2,105 | +7.0% |
| Operating profit (loss) | 9901 | €22,809 | €24,881 | +€2,072 | +9.1% |
| Financial income | 75/76B | €463 | €1,034 | +€571 | +123.4% |
| Recurring financial income | 75 | €463 | €1,034 | +€571 | +123.4% |
| Financial charges | 65/66B | €124 | €88 | -€36 | -28.9% |
| Recurring financial charges | 65 | €124 | €88 | -€36 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €23,148 | €25,827 | +€2,679 | +11.6% |
| Income taxes | 67/77 | €7,456 | €8,249 | +€793 | +10.6% |
| Profit (loss) for the period | 9904 | €15,692 | €17,577 | +€1,886 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,692 | €17,577 | +€1,886 | +12.0% |
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 7 October 2026 via checked.be.