NAUTIC ESTATE: 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 ESTATE
Largest movements
- Cash +€67,364
up €67,364 (+20.4%), from €329,522 to €396,886
mainly Net result for the year (+€152,236) and Other debts (+€77,157)
- Receivables within one year -€18,565
down €18,565 (-59.6%), from €31,156 to €12,590
of which Trade receivables: -€14,062
- Tangible fixed assets -€8,355
down €8,355 (-35.6%), from €23,452 to €15,097
of which Furniture and vehicles: -€7,308
- Reserves -€104,329
down €104,329 (-37.5%), from €278,337 to €174,008
- Other debts +€77,157
up €77,157 (+131%), from €59,108 to €136,265
- Tax, wage and social debts +€58,107
up €58,107 (+744%), from €7,808 to €65,916
of which Taxes: +€65,916
- Accrued charges and deferred income +€11,454
new in 2026: €11,454
- Gross operating margin +€159,869
up €159,869 (+105%), from €152,254 to €312,122
- Taxes +€43,653
up €43,653 (+291%), from €15,014 to €58,666
- Staff costs -€5,471
down €5,471 (-5.6%), from €96,993 to €91,522
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 | €384,130 | €424,573 | +€40,443 | +10.5% |
| Fixed assets | 21/28 | €23,452 | €15,097 | -€8,355 | -35.6% |
| Tangible fixed assets | 22/27 | €23,452 | €15,097 | -€8,355 | -35.6% |
| Land and buildings | 22 | €3,037 | €2,537 | -€500 | -16.5% |
| Plant, machinery and equipment | 23 | €1,286 | €739 | -€547 | -42.5% |
| Furniture and vehicles | 24 | €19,129 | €11,822 | -€7,308 | -38.2% |
| Current assets | 29/58 | €360,678 | €409,476 | +€48,798 | +13.5% |
| Amounts receivable within one year | 40/41 | €31,156 | €12,590 | -€18,565 | -59.6% |
| Trade receivables | 40 | €26,435 | €12,373 | -€14,062 | -53.2% |
| Other amounts receivable | 41 | €4,720 | €217 | -€4,503 | -95.4% |
| Cash at bank and in hand | 54/58 | €329,522 | €396,886 | +€67,364 | +20.4% |
| Total equity and liabilities | 10/49 | €384,130 | €424,573 | +€40,443 | +10.5% |
| Equity | 10/15 | €298,337 | €194,008 | -€104,329 | -35.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €278,337 | €174,008 | -€104,329 | -37.5% |
| Distributable reserves | 133 | €278,337 | €174,008 | -€104,329 | -37.5% |
| Amounts payable | 17/49 | €85,793 | €230,565 | +€144,772 | +169% |
| Amounts payable after more than one year | 17 | €1,127 | €2,428 | +€1,301 | +115% |
| Other amounts payable | 178/9 | €1,127 | €2,428 | +€1,301 | +115% |
| Amounts payable within one year | 42/48 | €84,666 | €216,684 | +€132,018 | +156% |
| Trade debts | 44 | €17,750 | €14,503 | -€3,246 | -18.3% |
| Suppliers | 440/4 | €17,750 | €14,503 | -€3,246 | -18.3% |
| Taxes, remuneration and social security | 45 | €7,808 | €65,916 | +€58,107 | +744% |
| Taxes | 450/3 | - | €65,916 | +€65,916 | |
| Remuneration and social security | 454/9 | €7,808 | - | -€7,808 | |
| Other amounts payable | 47/48 | €59,108 | €136,265 | +€77,157 | +131% |
| Accrued charges and deferred income | 492/3 | - | €11,454 | +€11,454 | |
| Remuneration, social security and pensions | 62 | €96,993 | €91,522 | -€5,471 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,355 | €8,355 | = | 0.0% |
| Other operating charges | 640/8 | €722 | €201 | -€521 | -72.2% |
| Gross operating margin | 9900 | €152,254 | €312,122 | +€159,869 | +105% |
| Operating profit (loss) | 9901 | €46,184 | €212,045 | +€165,861 | +359% |
| Financial income | 75/76B | €3,050 | - | -€3,050 | |
| Recurring financial income | 75 | €3,050 | - | -€3,050 | |
| Financial charges | 65/66B | €494 | €1,142 | +€648 | +131% |
| Recurring financial charges | 65 | €494 | €1,142 | +€648 | +131% |
| Profit (loss) for the period before taxes | 9903 | €48,739 | €210,903 | +€162,163 | +333% |
| Income taxes | 67/77 | €15,014 | €58,666 | +€43,653 | +291% |
| Profit (loss) for the period | 9904 | €33,726 | €152,236 | +€118,510 | +351% |
| Profit (loss) for the period to be appropriated | 9905 | €33,726 | €152,236 | +€118,510 | +351% |
Source: filed annual accounts (NBB), financial years ended 31 May 2025 and 31 May 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.