NATURAL PACK: 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.
NATURAL PACK
Largest movements
- Financial fixed assets +€99,982
new in 2025: €99,982
- Current investments +€80,000
new in 2025: €80,000
- Cash -€63,618
down €63,618 (-78.3%), from €81,239 to €17,621
mainly Investment in fixed assets (net) (-€137,358) and Current investments (-€80,000)
- Stocks and contracts -€43,026
down €43,026 (-100%), from €43,026 to €0
- Receivables within one year -€30,089
down €30,089 (-90.2%), from €33,360 to €3,271
of which Trade receivables: -€31,371
- Reserves +€44,798
up €44,798 (+23.7%), from €189,259 to €234,057
of which Distributable reserves: +€56,815
- Other debts +€23,503
up €23,503 (+505%), from €4,653 to €28,156
- Trade debts -€11,667
down €11,667 (-81.9%), from €14,249 to €2,582
- Tax, wage and social debts +€7,891
up €7,891 (+95.8%), from €8,234 to €16,125
of which Taxes: +€8,400
- Staff costs -€25,287
down €25,287 (-59.5%), from €42,467 to €17,180
- Taxes +€22,058
up €22,058 (+534%), from €4,131 to €26,188
- Depreciation -€10,326
down €10,326 (-37.5%), from €27,563 to €17,236
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 | €243,126 | €306,044 | +€62,919 | +25.9% |
| Fixed assets | 21/28 | €84,246 | €204,368 | +€120,122 | +143% |
| Tangible fixed assets | 22/27 | €84,246 | €104,386 | +€20,140 | +23.9% |
| Land and buildings | 22 | €28,095 | €0 | -€28,095 | -100% |
| Plant, machinery and equipment | 23 | €54,738 | €22,410 | -€32,329 | -59.1% |
| Furniture and vehicles | 24 | €1,413 | €81,976 | +€80,563 | +5,700% |
| Financial fixed assets | 28 | - | €99,982 | +€99,982 | |
| Current assets | 29/58 | €158,879 | €101,676 | -€57,203 | -36.0% |
| Stocks and contracts in progress | 3 | €43,026 | €0 | -€43,026 | -100% |
| Stocks | 30/36 | €43,026 | €0 | -€43,026 | -100% |
| Amounts receivable within one year | 40/41 | €33,360 | €3,271 | -€30,089 | -90.2% |
| Trade receivables | 40 | €31,948 | €577 | -€31,371 | -98.2% |
| Other amounts receivable | 41 | €1,413 | €2,695 | +€1,282 | +90.7% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €81,239 | €17,621 | -€63,618 | -78.3% |
| Deferred charges and accrued income | 490/1 | €1,254 | €784 | -€470 | -37.5% |
| Total equity and liabilities | 10/49 | €243,126 | €306,044 | +€62,919 | +25.9% |
| Equity | 10/15 | €207,859 | €252,657 | +€44,798 | +21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,259 | €234,057 | +€44,798 | +23.7% |
| Tax-exempt reserves | 132 | €26,044 | €14,027 | -€12,017 | -46.1% |
| Distributable reserves | 133 | €163,215 | €220,030 | +€56,815 | +34.8% |
| Provisions and deferred taxes | 16 | €6,511 | €3,507 | -€3,004 | -46.1% |
| Deferred taxes | 168 | €6,511 | €3,507 | -€3,004 | -46.1% |
| Amounts payable | 17/49 | €28,756 | €49,880 | +€21,124 | +73.5% |
| Amounts payable within one year | 42/48 | €27,136 | €46,863 | +€19,727 | +72.7% |
| Trade debts | 44 | €14,249 | €2,582 | -€11,667 | -81.9% |
| Suppliers | 440/4 | €14,249 | €2,582 | -€11,667 | -81.9% |
| Taxes, remuneration and social security | 45 | €8,234 | €16,125 | +€7,891 | +95.8% |
| Taxes | 450/3 | €5,127 | €13,527 | +€8,400 | +164% |
| Remuneration and social security | 454/9 | €3,107 | €2,598 | -€509 | -16.4% |
| Other amounts payable | 47/48 | €4,653 | €28,156 | +€23,503 | +505% |
| Accrued charges and deferred income | 492/3 | €1,620 | €3,017 | +€1,397 | +86.3% |
| Non-recurring operating income | 76A | - | €191,265 | +€191,265 | |
| Remuneration, social security and pensions | 62 | €42,467 | €17,180 | -€25,287 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,563 | €17,236 | -€10,326 | -37.5% |
| Other operating charges | 640/8 | €7,161 | €8,079 | +€918 | +12.8% |
| Gross operating margin | 9900 | €112,521 | €111,993 | -€529 | -0.5% |
| Operating profit (loss) | 9901 | €35,331 | €69,497 | +€34,166 | +96.7% |
| Financial income | 75/76B | €54 | €5 | -€50 | -91.5% |
| Recurring financial income | 75 | €54 | €5 | -€50 | -91.5% |
| Financial charges | 65/66B | €1,839 | €1,519 | -€320 | -17.4% |
| Recurring financial charges | 65 | €1,839 | €1,519 | -€320 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €33,546 | €67,983 | +€34,437 | +103% |
| Transfer from deferred taxes | 780 | €1,464 | €3,004 | +€1,540 | +105% |
| Income taxes | 67/77 | €4,131 | €26,188 | +€22,058 | +534% |
| Profit (loss) for the period | 9904 | €30,880 | €44,798 | +€13,919 | +45.1% |
| Transfer from tax-exempt reserves | 789 | €5,857 | €12,017 | +€6,159 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €36,737 | €56,815 | +€20,078 | +54.7% |
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.