NATY: 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.
NATY
Largest movements
- Tangible fixed assets -€19,067
down €19,067 (-44.3%), from €43,045 to €23,977
- Receivables within one year +€12,202
up €12,202 (+8.5%), from €142,779 to €154,981
- Cash -€6,018
down €6,018 (-5.3%), from €114,373 to €108,355
mainly Contributions, distributions and other (-€240,000) and Receivables within one year (-€12,202)
- Other debts +€9,442
up €9,442 (+3.5%), from €271,318 to €280,760
- Debts after one year -€7,866
no longer reported in 2025 (was €7,866)
- Tax, wage and social debts -€6,855
down €6,855 (-45.3%), from €15,132 to €8,276
- Current portion of long-term debt -€4,272
down €4,272 (-35.2%), from €12,138 to €7,866
- Gross operating margin -€15,498
down €15,498 (-4.4%), from €353,060 to €337,562
- Depreciation -€5,643
down €5,643 (-22.2%), from €25,385 to €19,741
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 | €350,299 | €339,484 | -€10,815 | -3.1% |
| Fixed assets | 21/28 | €43,147 | €24,079 | -€19,067 | -44.2% |
| Tangible fixed assets | 22/27 | €43,045 | €23,977 | -€19,067 | -44.3% |
| Furniture and vehicles | 24 | €43,045 | €23,977 | -€19,067 | -44.3% |
| Financial fixed assets | 28 | €102 | €102 | = | 0.0% |
| Current assets | 29/58 | €307,152 | €315,404 | +€8,252 | +2.7% |
| Amounts receivable within one year | 40/41 | €142,779 | €154,981 | +€12,202 | +8.5% |
| Trade receivables | 40 | €142,779 | €154,981 | +€12,202 | +8.5% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114,373 | €108,355 | -€6,018 | -5.3% |
| Deferred charges and accrued income | 490/1 | - | €2,069 | +€2,069 | |
| Total equity and liabilities | 10/49 | €350,299 | €339,484 | -€10,815 | -3.1% |
| Equity | 10/15 | €40,595 | €39,447 | -€1,148 | -2.8% |
| Contributions | 10/11 | €25,200 | €25,200 | = | 0.0% |
| Reserves | 13 | €3,760 | €3,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,760 | €3,760 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,760 | €3,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,635 | €10,487 | -€1,148 | -9.9% |
| Amounts payable | 17/49 | €309,704 | €300,037 | -€9,668 | -3.1% |
| Amounts payable after more than one year | 17 | €7,866 | - | -€7,866 | |
| Financial debts | 170/4 | €7,866 | - | -€7,866 | |
| Amounts payable within one year | 42/48 | €301,839 | €300,037 | -€1,802 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €12,138 | €7,866 | -€4,272 | -35.2% |
| Trade debts | 44 | €3,251 | €3,135 | -€116 | -3.6% |
| Suppliers | 440/4 | €3,251 | €3,135 | -€116 | -3.6% |
| Taxes, remuneration and social security | 45 | €15,132 | €8,276 | -€6,855 | -45.3% |
| Taxes | 450/3 | €15,132 | €8,276 | -€6,855 | -45.3% |
| Other amounts payable | 47/48 | €271,318 | €280,760 | +€9,442 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,385 | €19,741 | -€5,643 | -22.2% |
| Other operating charges | 640/8 | €1,263 | €1,487 | +€224 | +17.8% |
| Gross operating margin | 9900 | €353,060 | €337,562 | -€15,498 | -4.4% |
| Operating profit (loss) | 9901 | €326,412 | €316,334 | -€10,078 | -3.1% |
| Financial income | 75/76B | €797 | €1,334 | +€537 | +67.4% |
| Recurring financial income | 75 | €797 | €1,334 | +€537 | +67.4% |
| Financial charges | 65/66B | €1,380 | €988 | -€392 | -28.4% |
| Recurring financial charges | 65 | €1,380 | €988 | -€392 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €325,829 | €316,680 | -€9,149 | -2.8% |
| Income taxes | 67/77 | €80,371 | €77,828 | -€2,543 | -3.2% |
| Profit (loss) for the period | 9904 | €245,458 | €238,852 | -€6,606 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €245,458 | €238,852 | -€6,606 | -2.7% |
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 2 October 2026 via checked.be.