NAUTEA: 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.
NAUTEA
Largest movements
- Stocks and contracts +€694,672
up €694,672 (+7.8%), from €8.9m to €9.6m
- Receivables within one year -€259,299
down €259,299 (-94.7%), from €273,700 to €14,401
of which Other amounts receivable: -€259,299
- Other debts +€247,758
up €247,758 (+77.2%), from €320,904 to €568,661
- Short-term financial debts +€200,000
up €200,000 (+6.7%), from €3.0m to €3.2m
- Gross operating margin -€4,373
down €4,373 (-24.8%), from -€17,638 to -€22,011
- Financial charges -€3,365
down €3,365 (-80.6%), from €4,175 to €810
- Other operating charges +€1,970
up €1,970 (+194%), from €1,015 to €2,985
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 | €10,091,902 | €10,512,004 | +€420,101 | +4.2% |
| Fixed assets | 21/28 | €835,181 | €835,181 | = | 0.0% |
| Tangible fixed assets | 22/27 | €835,181 | €835,181 | = | 0.0% |
| Land and buildings | 22 | €835,181 | €835,181 | = | 0.0% |
| Current assets | 29/58 | €9,256,722 | €9,676,823 | +€420,101 | +4.5% |
| Stocks and contracts in progress | 3 | €8,872,107 | €9,566,779 | +€694,672 | +7.8% |
| Contracts in progress | 37 | €8,872,107 | €9,566,779 | +€694,672 | +7.8% |
| Amounts receivable within one year | 40/41 | €273,700 | €14,401 | -€259,299 | -94.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €273,700 | €14,401 | -€259,299 | -94.7% |
| Cash at bank and in hand | 54/58 | €110,914 | €95,643 | -€15,271 | -13.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €10,091,902 | €10,512,004 | +€420,101 | +4.2% |
| Equity | 10/15 | -€229,603 | -€255,409 | -€25,806 | -11.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€529,603 | -€555,409 | -€25,806 | -4.9% |
| Amounts payable | 17/49 | €10,321,505 | €10,767,413 | +€445,908 | +4.3% |
| Amounts payable after more than one year | 17 | €7,000,000 | €7,000,000 | = | 0.0% |
| Financial debts | 170/4 | €7,000,000 | €7,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,321,415 | €3,767,323 | +€445,908 | +13.4% |
| Financial debts | 43 | €2,990,000 | €3,190,000 | +€200,000 | +6.7% |
| Other loans | 439 | €2,990,000 | €3,190,000 | +€200,000 | +6.7% |
| Trade debts | 44 | €10,512 | €8,662 | -€1,850 | -17.6% |
| Suppliers | 440/4 | €10,512 | €8,662 | -€1,850 | -17.6% |
| Other amounts payable | 47/48 | €320,904 | €568,661 | +€247,758 | +77.2% |
| Accrued charges and deferred income | 492/3 | €90 | €90 | = | 0.0% |
| Other operating charges | 640/8 | €1,015 | €2,985 | +€1,970 | +194% |
| Gross operating margin | 9900 | -€17,638 | -€22,011 | -€4,373 | -24.8% |
| Operating profit (loss) | 9901 | -€18,654 | -€24,996 | -€6,343 | -34.0% |
| Financial charges | 65/66B | €4,175 | €810 | -€3,365 | -80.6% |
| Recurring financial charges | 65 | €4,175 | €810 | -€3,365 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,829 | -€25,806 | -€2,978 | -13.0% |
| Profit (loss) for the period | 9904 | -€22,829 | -€25,806 | -€2,978 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,829 | -€25,806 | -€2,978 | -13.0% |
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 19 October 2026 via checked.be.