NATUR: 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.
NATUR
Largest movements
- Tangible fixed assets -€155,058
down €155,058 (-68.7%), from €225,576 to €70,518
of which Plant, machinery and equipment: -€128,242
- Receivables within one year -€146,734
down €146,734 (-45.7%), from €320,774 to €174,040
of which Trade receivables: -€147,934
- Cash +€100,576
up €100,576 (+3,903%), from €2,577 to €103,152
mainly Receivables within one year (+€146,734) and Investment in fixed assets (net) (+€132,686)
- Deferred charges and accrued income -€8,403
no longer reported in 2025 (was €8,403)
- Intangible fixed assets -€7,240
down €7,240 (-11.1%), from €65,160 to €57,920
- Trade debts -€162,843
down €162,843 (-77.7%), from €209,604 to €46,760
- Current portion of long-term debt -€49,262
down €49,262 (-15.6%), from €315,204 to €265,943
- Tax, wage and social debts +€31,844
up €31,844 (+45.7%), from €69,716 to €101,560
of which Taxes: +€26,853
- Profit (loss) carried forward -€19,471
down €19,471 (-9.8%), from -€198,289 to -€217,760
- Debts after one year -€15,943
down €15,943 (-25.9%), from €61,572 to €45,629
- Gross operating margin +€330,197
up €330,197 (+299%), from €110,389 to €440,586
- Write-downs +€68,172
new in 2025: €68,172
- Staff costs +€62,984
up €62,984 (+26.1%), from €240,918 to €303,902
- Other operating charges +€23,282
up €23,282 (+345%), from €6,754 to €30,036
- Depreciation -€11,303
down €11,303 (-27.6%), from €40,915 to €29,612
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 | €718,655 | €508,177 | -€210,478 | -29.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €296,536 | €134,238 | -€162,298 | -54.7% |
| Intangible fixed assets | 21 | €65,160 | €57,920 | -€7,240 | -11.1% |
| Tangible fixed assets | 22/27 | €225,576 | €70,518 | -€155,058 | -68.7% |
| Plant, machinery and equipment | 23 | €136,612 | €8,370 | -€128,242 | -93.9% |
| Furniture and vehicles | 24 | €11,773 | €1,416 | -€10,357 | -88.0% |
| Leasing and similar rights | 25 | €77,191 | €60,732 | -€16,459 | -21.3% |
| Financial fixed assets | 28 | €5,800 | €5,800 | = | 0.0% |
| Current assets | 29/58 | €422,119 | €373,939 | -€48,180 | -11.4% |
| Stocks and contracts in progress | 3 | €90,365 | €96,746 | +€6,381 | +7.1% |
| Stocks | 30/36 | €90,365 | €22,310 | -€68,055 | -75.3% |
| Contracts in progress | 37 | - | €74,436 | +€74,436 | |
| Amounts receivable within one year | 40/41 | €320,774 | €174,040 | -€146,734 | -45.7% |
| Trade receivables | 40 | €318,274 | €170,340 | -€147,934 | -46.5% |
| Other amounts receivable | 41 | €2,500 | €3,700 | +€1,200 | +48.0% |
| Cash at bank and in hand | 54/58 | €2,577 | €103,152 | +€100,576 | +3,903% |
| Deferred charges and accrued income | 490/1 | €8,403 | - | -€8,403 | |
| Total equity and liabilities | 10/49 | €718,655 | €508,177 | -€210,478 | -29.3% |
| Equity | 10/15 | -€62,699 | -€82,171 | -€19,471 | -31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €116,989 | €116,989 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €115,129 | €115,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,289 | -€217,760 | -€19,471 | -9.8% |
| Amounts payable | 17/49 | €781,354 | €590,347 | -€191,007 | -24.4% |
| Amounts payable after more than one year | 17 | €61,572 | €45,629 | -€15,943 | -25.9% |
| Financial debts | 170/4 | €61,572 | €45,629 | -€15,943 | -25.9% |
| Amounts payable within one year | 42/48 | €719,782 | €544,718 | -€175,064 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €315,204 | €265,943 | -€49,262 | -15.6% |
| Trade debts | 44 | €209,604 | €46,760 | -€162,843 | -77.7% |
| Suppliers | 440/4 | €209,604 | €46,760 | -€162,843 | -77.7% |
| Taxes, remuneration and social security | 45 | €69,716 | €101,560 | +€31,844 | +45.7% |
| Taxes | 450/3 | €28,833 | €55,685 | +€26,853 | +93.1% |
| Remuneration and social security | 454/9 | €40,883 | €45,875 | +€4,991 | +12.2% |
| Other amounts payable | 47/48 | €125,258 | €130,455 | +€5,197 | +4.1% |
| Remuneration, social security and pensions | 62 | €240,918 | €303,902 | +€62,984 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,915 | €29,612 | -€11,303 | -27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €68,172 | +€68,172 | |
| Other operating charges | 640/8 | €6,754 | €30,036 | +€23,282 | +345% |
| Gross operating margin | 9900 | €110,389 | €440,586 | +€330,197 | +299% |
| Operating profit (loss) | 9901 | -€178,197 | €8,864 | +€187,061 | |
| Financial income | 75/76B | €15 | €70 | +€56 | +375% |
| Recurring financial income | 75 | €15 | €70 | +€56 | +375% |
| Financial charges | 65/66B | €19,974 | €28,266 | +€8,292 | +41.5% |
| Recurring financial charges | 65 | €19,974 | €28,266 | +€8,292 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | -€198,156 | -€19,331 | +€178,825 | +90.2% |
| Income taxes | 67/77 | €133 | €140 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | -€198,289 | -€19,471 | +€178,817 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€198,289 | -€19,471 | +€178,817 | +90.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.