NATYVEVET: 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.
NATYVEVET
Largest movements
- Cash +€46,619
up €46,619 (+209.7%), from €22,226 to €68,845
mainly Depreciation (+€33,689) and Net result for the year (+€29,098)
- Intangible fixed assets -€30,000
down €30,000 (-27.3%), from €109,911 to €79,911
- Tangible fixed assets +€20,363
up €20,363 (+331.7%), from €6,139 to €26,502
- Receivables within one year +€3,292
up €3,292 (+3.8%), from €86,714 to €90,006
- Reserves +€29,098
up €29,098 (+85.0%), from €34,235 to €63,333
- Debts after one year +€12,766
new in 2025: €12,766
- Other debts -€10,825
down €10,825 (-5.6%), from €195,002 to €184,177
- Tax, wage and social debts +€6,596
up €6,596 (+141.9%), from €4,649 to €11,245
- Current portion of long-term debt +€4,857
new in 2025: €4,857
- Gross operating margin +€18,265
up €18,265 (+30.4%), from €60,107 to €78,372
- Taxes +€5,929
up €5,929 (+70.6%), from €8,396 to €14,325
- Depreciation +€4,252
up €4,252 (+14.4%), from €29,437 to €33,689
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 | €238,723 | €282,056 | +€43,333 | +18.2% |
| Fixed assets | 21/28 | €116,050 | €106,413 | -€9,637 | -8.3% |
| Intangible fixed assets | 21 | €109,911 | €79,911 | -€30,000 | -27.3% |
| Tangible fixed assets | 22/27 | €6,139 | €26,502 | +€20,363 | +331.7% |
| Furniture and vehicles | 24 | €6,139 | €26,502 | +€20,363 | +331.7% |
| Current assets | 29/58 | €122,673 | €175,643 | +€52,970 | +43.2% |
| Stocks and contracts in progress | 3 | €13,733 | €16,223 | +€2,490 | +18.1% |
| Stocks | 30/36 | €13,733 | €16,223 | +€2,490 | +18.1% |
| Amounts receivable within one year | 40/41 | €86,714 | €90,006 | +€3,292 | +3.8% |
| Trade receivables | 40 | €86,714 | €90,006 | +€3,292 | +3.8% |
| Cash at bank and in hand | 54/58 | €22,226 | €68,845 | +€46,619 | +209.7% |
| Deferred charges and accrued income | 490/1 | - | €569 | +€569 | |
| Total equity and liabilities | 10/49 | €238,723 | €282,056 | +€43,333 | +18.2% |
| Equity | 10/15 | €37,235 | €66,333 | +€29,098 | +78.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,235 | €63,333 | +€29,098 | +85.0% |
| Distributable reserves | 133 | €34,235 | €63,333 | +€29,098 | +85.0% |
| Amounts payable | 17/49 | €201,488 | €215,722 | +€14,234 | +7.1% |
| Amounts payable after more than one year | 17 | - | €12,766 | +€12,766 | |
| Financial debts | 170/4 | - | €12,766 | +€12,766 | |
| Amounts payable within one year | 42/48 | €201,488 | €202,957 | +€1,469 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,857 | +€4,857 | |
| Trade debts | 44 | €1,837 | €2,677 | +€841 | +45.8% |
| Suppliers | 440/4 | €1,837 | €2,677 | +€841 | +45.8% |
| Taxes, remuneration and social security | 45 | €4,649 | €11,245 | +€6,596 | +141.9% |
| Taxes | 450/3 | €4,649 | €11,245 | +€6,596 | +141.9% |
| Other amounts payable | 47/48 | €195,002 | €184,177 | -€10,825 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,437 | €33,689 | +€4,252 | +14.4% |
| Other operating charges | 640/8 | €949 | €947 | -€2 | -0.2% |
| Gross operating margin | 9900 | €60,107 | €78,372 | +€18,265 | +30.4% |
| Operating profit (loss) | 9901 | €29,720 | €43,736 | +€14,015 | +47.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €51 | €313 | +€262 | +509.1% |
| Recurring financial charges | 65 | €51 | €313 | +€262 | +509.1% |
| Profit (loss) for the period before taxes | 9903 | €29,669 | €43,423 | +€13,754 | +46.4% |
| Income taxes | 67/77 | €8,396 | €14,325 | +€5,929 | +70.6% |
| Profit (loss) for the period | 9904 | €21,273 | €29,098 | +€7,825 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,273 | €29,098 | +€7,825 | +36.8% |
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 6 October 2026 via checked.be.