Natuurvlam: 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.
Natuurvlam
Largest movements
- Tangible fixed assets +€847,671
up €847,671 (+110%), from €773,205 to €1.6m
of which Land and buildings: +€852,349
- Stocks and contracts +€71,374
up €71,374 (+45.4%), from €157,063 to €228,437
- Receivables within one year -€63,761
down €63,761 (-45.1%), from €141,271 to €77,510
- Cash -€43,190
down €43,190 (-58.3%), from €74,072 to €30,882
mainly Investment in fixed assets (net) (-€904,698) and Stocks and contracts (-€71,374)
- Debts after one year +€691,105
up €691,105 (+107%), from €645,957 to €1.3m
- Profit (loss) carried forward +€46,667
up €46,667 (+23.4%), from €199,369 to €246,036
- Current portion of long-term debt +€40,356
up €40,356 (+71.9%), from €56,125 to €96,481
- Trade debts +€33,974
up €33,974 (+204%), from €16,634 to €50,608
- Staff costs -€26,915
down €26,915 (-13.9%), from €193,050 to €166,136
- Depreciation +€23,807
up €23,807 (+71.7%), from €33,220 to €57,027
- Gross operating margin +€17,607
up €17,607 (+5.1%), from €347,743 to €365,350
- Financial charges +€16,836
up €16,836 (+33.0%), from €50,978 to €67,814
- Other operating charges +€8,388
up €8,388 (+131%), from €6,389 to €14,777
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 | €1,146,711 | €1,958,806 | +€812,095 | +70.8% |
| Fixed assets | 21/28 | €774,305 | €1,621,976 | +€847,671 | +109% |
| Tangible fixed assets | 22/27 | €773,205 | €1,620,876 | +€847,671 | +110% |
| Land and buildings | 22 | €747,225 | €1,599,574 | +€852,349 | +114% |
| Plant, machinery and equipment | 23 | €1,200 | €600 | -€600 | -50.0% |
| Furniture and vehicles | 24 | €24,780 | €20,702 | -€4,078 | -16.5% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €372,406 | €336,829 | -€35,576 | -9.6% |
| Stocks and contracts in progress | 3 | €157,063 | €228,437 | +€71,374 | +45.4% |
| Stocks | 30/36 | €157,063 | €228,437 | +€71,374 | +45.4% |
| Amounts receivable within one year | 40/41 | €141,271 | €77,510 | -€63,761 | -45.1% |
| Trade receivables | 40 | €141,271 | €77,510 | -€63,761 | -45.1% |
| Cash at bank and in hand | 54/58 | €74,072 | €30,882 | -€43,190 | -58.3% |
| Total equity and liabilities | 10/49 | €1,146,711 | €1,958,806 | +€812,095 | +70.8% |
| Equity | 10/15 | €209,069 | €255,736 | +€46,667 | +22.3% |
| Contributions | 10/11 | €9,700 | €9,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,369 | €246,036 | +€46,667 | +23.4% |
| Amounts payable | 17/49 | €937,641 | €1,703,070 | +€765,428 | +81.6% |
| Amounts payable after more than one year | 17 | €645,957 | €1,337,062 | +€691,105 | +107% |
| Financial debts | 170/4 | €645,957 | €1,337,062 | +€691,105 | +107% |
| Amounts payable within one year | 42/48 | €291,684 | €366,008 | +€74,323 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €56,125 | €96,481 | +€40,356 | +71.9% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €16,634 | €50,608 | +€33,974 | +204% |
| Suppliers | 440/4 | €16,634 | €50,608 | +€33,974 | +204% |
| Advances received on contracts in progress | 46 | - | €540 | +€540 | |
| Taxes, remuneration and social security | 45 | €46,557 | €37,310 | -€9,246 | -19.9% |
| Taxes | 450/3 | €31,521 | €24,663 | -€6,858 | -21.8% |
| Remuneration and social security | 454/9 | €15,036 | €12,648 | -€2,389 | -15.9% |
| Other amounts payable | 47/48 | €22,369 | €31,068 | +€8,700 | +38.9% |
| Remuneration, social security and pensions | 62 | €193,050 | €166,136 | -€26,915 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,220 | €57,027 | +€23,807 | +71.7% |
| Other operating charges | 640/8 | €6,389 | €14,777 | +€8,388 | +131% |
| Non-recurring operating charges | 66A | €440 | - | -€440 | |
| Gross operating margin | 9900 | €347,743 | €365,350 | +€17,607 | +5.1% |
| Operating profit (loss) | 9901 | €114,643 | €127,411 | +€12,768 | +11.1% |
| Financial income | 75/76B | €78 | €150 | +€71 | +91.0% |
| Recurring financial income | 75 | €78 | €150 | +€71 | +91.0% |
| Financial charges | 65/66B | €50,978 | €67,814 | +€16,836 | +33.0% |
| Recurring financial charges | 65 | €50,978 | €67,814 | +€16,836 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €63,743 | €59,746 | -€3,997 | -6.3% |
| Income taxes | 67/77 | €13,540 | €13,079 | -€461 | -3.4% |
| Profit (loss) for the period | 9904 | €50,203 | €46,667 | -€3,536 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,203 | €46,667 | -€3,536 | -7.0% |
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 23 October 2026 via checked.be.