NAUTA: 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.
NAUTA
Largest movements
- Cash +€2.7m
up €2.7m (+2,618%), from €102,546 to €2.8m
mainly Net result for the year (+€2.1m) and Receivables after one year (+€450,000)
- Receivables after one year -€450,000
down €450,000 (-100%), from €450,000 to €0
- Receivables within one year -€141,585
down €141,585 (-72.5%), from €195,258 to €53,673
of which Other amounts receivable: -€141,585
- Reserves +€2.0m
up €2.0m (+33.3%), from €6.0m to €8.0m
- Financial income +€1.3m
up €1.3m (+153%), from €834,203 to €2.1m
- Gross operating margin -€51,141
down €51,141, from €43,772 to -€7,368
- Financial charges -€3,876
down €3,876 (-98.9%), from €3,918 to €42
- Taxes -€1,619
down €1,619 (-13.7%), from €11,853 to €10,233
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,900,361 | €8,984,791 | +€2.1m | +30.2% |
| Fixed assets | 21/28 | €6,152,556 | €6,143,419 | -€9,137 | -0.1% |
| Tangible fixed assets | 22/27 | €41,504 | €32,367 | -€9,137 | -22.0% |
| Plant, machinery and equipment | 23 | €111 | €0 | -€111 | -100% |
| Furniture and vehicles | 24 | €41,392 | €32,367 | -€9,026 | -21.8% |
| Financial fixed assets | 28 | €6,111,053 | €6,111,053 | = | 0.0% |
| Current assets | 29/58 | €747,805 | €2,841,372 | +€2.1m | +280% |
| Amounts receivable after more than one year | 29 | €450,000 | €0 | -€450,000 | -100% |
| Other amounts receivable | 291 | €450,000 | €0 | -€450,000 | -100% |
| Amounts receivable within one year | 40/41 | €195,258 | €53,673 | -€141,585 | -72.5% |
| Trade receivables | 40 | €42,350 | €42,350 | = | 0.0% |
| Other amounts receivable | 41 | €152,908 | €11,323 | -€141,585 | -92.6% |
| Cash at bank and in hand | 54/58 | €102,546 | €2,787,699 | +€2.7m | +2,618% |
| Total equity and liabilities | 10/49 | €6,900,361 | €8,984,791 | +€2.1m | +30.2% |
| Equity | 10/15 | €6,896,314 | €8,981,277 | +€2.1m | +30.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €6,000,000 | €8,000,000 | +€2.0m | +33.3% |
| Distributable reserves | 133 | €6,000,000 | €8,000,000 | +€2.0m | +33.3% |
| Profit (loss) carried forward | 14 | €871,314 | €956,277 | +€84,963 | +9.8% |
| Amounts payable | 17/49 | €4,047 | €3,514 | -€533 | -13.2% |
| Amounts payable within one year | 42/48 | €4,047 | €3,514 | -€533 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €177 | €286 | +€109 | +61.3% |
| Suppliers | 440/4 | €177 | €286 | +€109 | +61.3% |
| Taxes, remuneration and social security | 45 | €2,456 | €0 | -€2,456 | -100% |
| Taxes | 450/3 | €2,456 | €0 | -€2,456 | -100% |
| Other amounts payable | 47/48 | €1,414 | €3,229 | +€1,814 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,183 | €9,137 | -€46 | -0.5% |
| Other operating charges | 640/8 | €326 | €332 | +€6 | +1.9% |
| Non-recurring operating charges | 66A | €0 | €64 | +€64 | |
| Gross operating margin | 9900 | €43,772 | -€7,368 | -€51,141 | |
| Operating profit (loss) | 9901 | €34,264 | -€16,901 | -€51,164 | |
| Financial income | 75/76B | €834,203 | €2,112,139 | +€1.3m | +153% |
| Recurring financial income | 75 | €834,203 | €2,112,139 | +€1.3m | +153% |
| Financial charges | 65/66B | €3,918 | €42 | -€3,876 | -98.9% |
| Recurring financial charges | 65 | €3,918 | €42 | -€3,876 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €864,548 | €2,095,196 | +€1.2m | +142% |
| Income taxes | 67/77 | €11,853 | €10,233 | -€1,619 | -13.7% |
| Profit (loss) for the period | 9904 | €852,696 | €2,084,963 | +€1.2m | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €852,696 | €2,084,963 | +€1.2m | +145% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.