Nauta Management: 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.
What changed
Nauta Management
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€211,245
2024 · -€18,882+€230,127
Equity
€2.0m
2024 · €1.8m+€211,245
Cash
€52,100
2024 · €32,181+€19,919
Balance sheet total
€3.4m
2024 · €3.5m-€90,667
Largest movements
Assets
- Receivables after one year -€126,000
down €126,000 (-43.4%), from €290,000 to €164,000
Equity and liabilities
- Other debts -€228,416
down €228,416 (-24.8%), from €920,955 to €692,539
- Reserves +€195,000
up €195,000 (+11.2%), from €1.7m to €1.9m
of which Distributable reserves: +€195,000
- Debts after one year -€88,777
down €88,777 (-16.2%), from €546,348 to €457,570
Income statement
- Financial income +€191,852
up €191,852 (+1,084%), from €17,696 to €209,548
- Gross operating margin +€84,740
up €84,740 (+95.0%), from €89,235 to €173,975
- Taxes +€26,664
new in 2025: €26,664
- Financial charges +€16,296
up €16,296 (+24.6%), from €66,123 to €82,418
- Other operating charges +€2,669
up €2,669 (+276%), from €968 to €3,636
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.
Result 2024
-€18,882
Gross operating margin
+€84,740
Staff costs
-€1,210
Depreciation
+€373
Other operating charges
-€2,669
Financial income
+€191,852
Financial charges
-€16,296
Taxes
-€26,664
Result 2025
€211,245
raises the resultlowers the result
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.
From operations
+€110,176
Investment
-€4,510
Financing
-€85,747
Cash 2024
€32,181
From operations (derived)
+€110,176
Net result for the year
+€211,245
Depreciation
+€6,914
Receivables after one year
+€126,000
Receivables within one year
-€17,735
Deferred charges and accrued income
-€83
Trade debts
+€6,263
Tax, wage and social debts
+€4,938
Other debts
-€228,416
Accrued charges and deferred income
+€1,050
Investment (derived)
-€4,510
Investment in fixed assets (net)
-€4,510
Financing
-€85,747
Debts after one year
-€88,777
Short-term financial debts
+€3,030
Cash 2025
€52,100
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,527,266 | €3,436,599 | -€90,667 | -2.6% |
| Fixed assets | 21/28 | €3,107,581 | €3,105,177 | -€2,404 | -0.1% |
| Tangible fixed assets | 22/27 | €39,912 | €33,868 | -€6,044 | -15.1% |
| Plant, machinery and equipment | 23 | €2,530 | €1,913 | -€616 | -24.4% |
| Furniture and vehicles | 24 | €37,382 | €31,955 | -€5,428 | -14.5% |
| Financial fixed assets | 28 | €3,067,669 | €3,071,309 | +€3,640 | +0.1% |
| Current assets | 29/58 | €419,685 | €331,422 | -€88,263 | -21.0% |
| Amounts receivable after more than one year | 29 | €290,000 | €164,000 | -€126,000 | -43.4% |
| Other amounts receivable | 291 | €290,000 | €164,000 | -€126,000 | -43.4% |
| Amounts receivable within one year | 40/41 | €95,842 | €113,577 | +€17,735 | +18.5% |
| Trade receivables | 40 | - | €6,340 | +€6,340 | |
| Other amounts receivable | 41 | €95,842 | €107,237 | +€11,395 | +11.9% |
| Cash at bank and in hand | 54/58 | €32,181 | €52,100 | +€19,919 | +61.9% |
| Deferred charges and accrued income | 490/1 | €1,661 | €1,744 | +€83 | +5.0% |
| Total equity and liabilities | 10/49 | €3,527,266 | €3,436,599 | -€90,667 | -2.6% |
| Equity | 10/15 | €1,777,708 | €1,988,953 | +€211,245 | +11.9% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Contributions outside capital | 11 | €55,000 | €55,000 | = | 0.0% |
| Other | 1109/19 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €1,734,649 | €1,929,649 | +€195,000 | +11.2% |
| Non-distributable reserves | 130/1 | €5,500 | €5,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,500 | €5,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,556 | €11,556 | = | 0.0% |
| Distributable reserves | 133 | €1,717,593 | €1,912,593 | +€195,000 | +11.4% |
| Profit (loss) carried forward | 14 | -€11,940 | €4,304 | +€16,245 | |
| Provisions and deferred taxes | 16 | €160,000 | €160,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €160,000 | €160,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,589,558 | €1,287,646 | -€301,912 | -19.0% |
| Amounts payable after more than one year | 17 | €546,348 | €457,570 | -€88,777 | -16.2% |
| Financial debts | 170/4 | €546,348 | €457,570 | -€88,777 | -16.2% |
| Amounts payable within one year | 42/48 | €1,043,210 | €829,026 | -€214,185 | -20.5% |
| Financial debts | 43 | €85,747 | €88,777 | +€3,030 | +3.5% |
| Credit institutions | 430/8 | €85,747 | €88,777 | +€3,030 | +3.5% |
| Trade debts | 44 | €3,145 | €9,408 | +€6,263 | +199% |
| Suppliers | 440/4 | €3,145 | €9,408 | +€6,263 | +199% |
| Taxes, remuneration and social security | 45 | €33,364 | €38,302 | +€4,938 | +14.8% |
| Taxes | 450/3 | €24,156 | €25,764 | +€1,609 | +6.7% |
| Remuneration and social security | 454/9 | €9,208 | €12,538 | +€3,330 | +36.2% |
| Other amounts payable | 47/48 | €920,955 | €692,539 | -€228,416 | -24.8% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Remuneration, social security and pensions | 62 | €51,437 | €52,647 | +€1,210 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,287 | €6,914 | -€373 | -5.1% |
| Other operating charges | 640/8 | €968 | €3,636 | +€2,669 | +276% |
| Gross operating margin | 9900 | €89,235 | €173,975 | +€84,740 | +95.0% |
| Operating profit (loss) | 9901 | €29,544 | €110,778 | +€81,235 | +275% |
| Financial income | 75/76B | €17,696 | €209,548 | +€191,852 | +1,084% |
| Recurring financial income | 75 | €17,696 | €209,548 | +€191,852 | +1,084% |
| Financial charges | 65/66B | €66,123 | €82,418 | +€16,296 | +24.6% |
| Recurring financial charges | 65 | €66,123 | €82,418 | +€16,296 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,882 | €237,909 | +€256,791 | |
| Income taxes | 67/77 | - | €26,664 | +€26,664 | |
| Profit (loss) for the period | 9904 | -€18,882 | €211,245 | +€230,127 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,882 | €211,245 | +€230,127 |
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 22 October 2026 via checked.be.