NAUTIC: 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.
NAUTIC
Largest movements
- Receivables within one year +€46,276
up €46,276 (+8.4%), from €549,352 to €595,627
of which Trade receivables: +€52,860
- Tangible fixed assets -€14,415
down €14,415 (-12.7%), from €113,142 to €98,727
- Trade debts +€29,117
up €29,117 (+80.8%), from €36,027 to €65,144
- Gross operating margin -€2,529
down €2,529 (-4.9%), from €52,101 to €49,572
- Taxes -€1,839
down €1,839 (-61.9%), from €2,973 to €1,134
- Depreciation +€1,538
up €1,538 (+3.9%), from €39,625 to €41,163
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 | €708,399 | €739,718 | +€31,319 | +4.4% |
| Fixed assets | 21/28 | €113,142 | €98,727 | -€14,415 | -12.7% |
| Tangible fixed assets | 22/27 | €113,142 | €98,727 | -€14,415 | -12.7% |
| Plant, machinery and equipment | 23 | €113,142 | €98,727 | -€14,415 | -12.7% |
| Current assets | 29/58 | €595,257 | €640,991 | +€45,734 | +7.7% |
| Stocks and contracts in progress | 3 | €41,979 | €41,432 | -€547 | -1.3% |
| Stocks | 30/36 | €41,979 | €41,432 | -€547 | -1.3% |
| Amounts receivable within one year | 40/41 | €549,352 | €595,627 | +€46,276 | +8.4% |
| Trade receivables | 40 | €56,155 | €109,015 | +€52,860 | +94.1% |
| Other amounts receivable | 41 | €493,197 | €486,612 | -€6,584 | -1.3% |
| Cash at bank and in hand | 54/58 | €3,927 | €3,932 | +€5 | +0.1% |
| Total equity and liabilities | 10/49 | €708,399 | €739,718 | +€31,319 | +4.4% |
| Equity | 10/15 | €669,399 | €673,223 | +€3,824 | +0.6% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €26,500 | €26,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,500 | €26,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,500 | €26,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,899 | €381,723 | +€3,824 | +1.0% |
| Amounts payable | 17/49 | €39,000 | €66,495 | +€27,495 | +70.5% |
| Amounts payable within one year | 42/48 | €39,000 | €66,495 | +€27,495 | +70.5% |
| Trade debts | 44 | €36,027 | €65,144 | +€29,117 | +80.8% |
| Suppliers | 440/4 | €36,027 | €65,144 | +€29,117 | +80.8% |
| Taxes, remuneration and social security | 45 | €2,973 | €1,351 | -€1,622 | -54.6% |
| Taxes | 450/3 | €2,973 | €1,351 | -€1,622 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,625 | €41,163 | +€1,538 | +3.9% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €162 | €2,258 | +€2,096 | +1298.0% |
| Gross operating margin | 9900 | €52,101 | €49,572 | -€2,529 | -4.9% |
| Operating profit (loss) | 9901 | €11,347 | €5,153 | -€6,194 | -54.6% |
| Financial charges | 65/66B | €206 | €195 | -€11 | -5.4% |
| Recurring financial charges | 65 | €206 | €195 | -€11 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €11,141 | €4,958 | -€6,183 | -55.5% |
| Income taxes | 67/77 | €2,973 | €1,134 | -€1,839 | -61.9% |
| Profit (loss) for the period | 9904 | €8,167 | €3,824 | -€4,344 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,167 | €3,824 | -€4,344 | -53.2% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.