NATUURLIJK: 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.
NATUURLIJK
Largest movements
- Stocks and contracts +€21,009
up €21,009 (+18.9%), from €111,204 to €132,213
- Cash -€16,000
down €16,000 (-33.6%), from €47,664 to €31,664
mainly Stocks and contracts (-€21,009) and Short-term financial debts (-€8,131)
- Tangible fixed assets -€8,395
down €8,395 (-8.5%), from €98,999 to €90,604
of which Land and buildings: -€9,489
- Receivables within one year +€5,007
up €5,007 (+4.5%), from €112,124 to €117,131
of which Other amounts receivable: +€6,257
- Reserves -€10,568
down €10,568 (-6.8%), from €155,809 to €145,241
of which Distributable reserves: -€10,568
- Short-term financial debts -€8,131
down €8,131 (-7.8%), from €104,887 to €96,756
- Other debts +€6,411
up €6,411 (+30.0%), from €21,363 to €27,775
- Tax, wage and social debts +€5,436
up €5,436 (+15.9%), from €34,167 to €39,604
of which Taxes: +€10,971
- Trade debts +€5,292
up €5,292 (+17.7%), from €29,834 to €35,126
- Gross operating margin -€54,419
down €54,419 (-43.3%), from €125,704 to €71,285
- Staff costs -€16,207
down €16,207 (-24.7%), from €65,537 to €49,330
- Taxes -€10,310
down €10,310 (-89.7%), from €11,491 to €1,181
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 | €370,754 | €372,098 | +€1,344 | +0.4% |
| Fixed assets | 21/28 | €99,365 | €90,970 | -€8,395 | -8.4% |
| Tangible fixed assets | 22/27 | €98,999 | €90,604 | -€8,395 | -8.5% |
| Land and buildings | 22 | €94,026 | €84,538 | -€9,489 | -10.1% |
| Plant, machinery and equipment | 23 | €4,973 | €6,066 | +€1,093 | +22.0% |
| Financial fixed assets | 28 | €366 | €366 | = | 0.0% |
| Current assets | 29/58 | €271,389 | €281,128 | +€9,740 | +3.6% |
| Stocks and contracts in progress | 3 | €111,204 | €132,213 | +€21,009 | +18.9% |
| Stocks | 30/36 | €111,204 | €132,213 | +€21,009 | +18.9% |
| Amounts receivable within one year | 40/41 | €112,124 | €117,131 | +€5,007 | +4.5% |
| Trade receivables | 40 | €40,586 | €39,336 | -€1,250 | -3.1% |
| Other amounts receivable | 41 | €71,538 | €77,795 | +€6,257 | +8.7% |
| Cash at bank and in hand | 54/58 | €47,664 | €31,664 | -€16,000 | -33.6% |
| Deferred charges and accrued income | 490/1 | €397 | €121 | -€276 | -69.5% |
| Total equity and liabilities | 10/49 | €370,754 | €372,098 | +€1,344 | +0.4% |
| Equity | 10/15 | €174,409 | €163,841 | -€10,568 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,809 | €145,241 | -€10,568 | -6.8% |
| 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 | €153,949 | €143,381 | -€10,568 | -6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €196,345 | €208,257 | +€11,912 | +6.1% |
| Amounts payable within one year | 42/48 | €196,345 | €208,257 | +€11,912 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €6,093 | €8,997 | +€2,903 | +47.6% |
| Financial debts | 43 | €104,887 | €96,756 | -€8,131 | -7.8% |
| Credit institutions | 430/8 | €104,887 | €96,756 | -€8,131 | -7.8% |
| Trade debts | 44 | €29,834 | €35,126 | +€5,292 | +17.7% |
| Suppliers | 440/4 | €29,834 | €35,126 | +€5,292 | +17.7% |
| Taxes, remuneration and social security | 45 | €34,167 | €39,604 | +€5,436 | +15.9% |
| Taxes | 450/3 | €25,237 | €36,208 | +€10,971 | +43.5% |
| Remuneration and social security | 454/9 | €8,931 | €3,396 | -€5,535 | -62.0% |
| Other amounts payable | 47/48 | €21,363 | €27,775 | +€6,411 | +30.0% |
| Non-recurring operating income | 76A | €35 | €0 | -€35 | -100.0% |
| Remuneration, social security and pensions | 62 | €65,537 | €49,330 | -€16,207 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,500 | €11,541 | +€42 | +0.4% |
| Other operating charges | 640/8 | €2,537 | €2,656 | +€119 | +4.7% |
| Gross operating margin | 9900 | €125,704 | €71,285 | -€54,419 | -43.3% |
| Operating profit (loss) | 9901 | €46,130 | €7,758 | -€38,372 | -83.2% |
| Financial income | 75/76B | €14 | €22 | +€8 | +54.7% |
| Recurring financial income | 75 | €14 | €22 | +€8 | +54.7% |
| Financial charges | 65/66B | €10,343 | €11,568 | +€1,224 | +11.8% |
| Recurring financial charges | 65 | €10,343 | €11,568 | +€1,224 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €35,801 | -€3,787 | -€39,588 | |
| Income taxes | 67/77 | €11,491 | €1,181 | -€10,310 | -89.7% |
| Profit (loss) for the period | 9904 | €24,310 | -€4,968 | -€29,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,310 | -€4,968 | -€29,279 |
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 5 October 2026 via checked.be.