NaturEau: 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.
NaturEau
Largest movements
- Cash +€195,873
up €195,873 (+73.0%), from €268,273 to €464,146
mainly Net result for the year (+€111,318) and Advances received (+€77,914)
- Tangible fixed assets +€66,559
up €66,559 (+43.1%), from €154,390 to €220,949
of which Furniture and vehicles: +€34,293
- Deferred charges and accrued income +€14,011
up €14,011 (+964%), from €1,453 to €15,464
- Reserves +€111,318
up €111,318 (+78.9%), from €141,158 to €252,476
- Advances received +€77,914
up €77,914 (+143%), from €54,579 to €132,493
- Tax, wage and social debts +€41,175
up €41,175 (+62.7%), from €65,624 to €106,799
of which Taxes: +€38,036
- Trade debts +€33,629
up €33,629 (+295%), from €11,401 to €45,029
- Current portion of long-term debt +€10,910
up €10,910 (+169%), from €6,463 to €17,373
- Gross operating margin +€118,885
up €118,885 (+52.5%), from €226,355 to €345,240
- Staff costs +€78,116
up €78,116 (+84.1%), from €92,848 to €170,964
- Depreciation -€18,309
down €18,309 (-53.6%), from €34,150 to €15,842
- Taxes +€12,077
up €12,077 (+43.9%), from €27,500 to €39,577
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 | €446,445 | €729,741 | +€283,296 | +63.5% |
| Fixed assets | 21/28 | €159,038 | €224,047 | +€65,009 | +40.9% |
| Intangible fixed assets | 21 | €4,647 | €3,098 | -€1,550 | -33.3% |
| Tangible fixed assets | 22/27 | €154,390 | €220,949 | +€66,559 | +43.1% |
| Land and buildings | 22 | €125,000 | €125,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,225 | €5,379 | +€154 | +2.9% |
| Furniture and vehicles | 24 | €17,965 | €52,259 | +€34,293 | +191% |
| Assets under construction and advance payments | 27 | €6,200 | €38,311 | +€32,111 | +518% |
| Current assets | 29/58 | €287,407 | €505,694 | +€218,287 | +76.0% |
| Stocks and contracts in progress | 3 | €1,184 | €2,424 | +€1,241 | +105% |
| Stocks | 30/36 | €1,184 | €2,424 | +€1,241 | +105% |
| Amounts receivable within one year | 40/41 | €16,498 | €23,660 | +€7,161 | +43.4% |
| Trade receivables | 40 | €11,304 | €23,660 | +€12,356 | +109% |
| Other amounts receivable | 41 | €5,195 | €0 | -€5,195 | -100% |
| Cash at bank and in hand | 54/58 | €268,273 | €464,146 | +€195,873 | +73.0% |
| Deferred charges and accrued income | 490/1 | €1,453 | €15,464 | +€14,011 | +964% |
| Total equity and liabilities | 10/49 | €446,445 | €729,741 | +€283,296 | +63.5% |
| Equity | 10/15 | €166,158 | €277,476 | +€111,318 | +67.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €141,158 | €252,476 | +€111,318 | +78.9% |
| Distributable reserves | 133 | €141,158 | €252,476 | +€111,318 | +78.9% |
| Amounts payable | 17/49 | €280,287 | €452,265 | +€171,978 | +61.4% |
| Amounts payable after more than one year | 17 | €115,925 | €124,275 | +€8,350 | +7.2% |
| Financial debts | 170/4 | €115,925 | €124,275 | +€8,350 | +7.2% |
| Amounts payable within one year | 42/48 | €164,362 | €327,990 | +€163,628 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €6,463 | €17,373 | +€10,910 | +169% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,401 | €45,029 | +€33,629 | +295% |
| Suppliers | 440/4 | €11,401 | €45,029 | +€33,629 | +295% |
| Advances received on contracts in progress | 46 | €54,579 | €132,493 | +€77,914 | +143% |
| Taxes, remuneration and social security | 45 | €65,624 | €106,799 | +€41,175 | +62.7% |
| Taxes | 450/3 | €55,118 | €93,154 | +€38,036 | +69.0% |
| Remuneration and social security | 454/9 | €10,506 | €13,645 | +€3,139 | +29.9% |
| Other amounts payable | 47/48 | €26,296 | €26,296 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €92,848 | €170,964 | +€78,116 | +84.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,150 | €15,842 | -€18,309 | -53.6% |
| Other operating charges | 640/8 | €864 | €1,725 | +€861 | +99.7% |
| Gross operating margin | 9900 | €226,355 | €345,240 | +€118,885 | +52.5% |
| Operating profit (loss) | 9901 | €98,493 | €156,709 | +€58,216 | +59.1% |
| Financial income | 75/76B | €1 | €32 | +€31 | +4,392% |
| Recurring financial income | 75 | €1 | €32 | +€31 | +4,392% |
| Financial charges | 65/66B | €3,114 | €5,845 | +€2,732 | +87.7% |
| Recurring financial charges | 65 | €3,114 | €5,845 | +€2,732 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | €95,380 | €150,896 | +€55,516 | +58.2% |
| Income taxes | 67/77 | €27,500 | €39,577 | +€12,077 | +43.9% |
| Profit (loss) for the period | 9904 | €67,880 | €111,318 | +€43,439 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,880 | €111,318 | +€43,439 | +64.0% |
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 29 October 2026 via checked.be.