NAUTICA: 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.
NAUTICA
Largest movements
- Tangible fixed assets +€2.4m
new in 2025: €2.4m
- Current investments -€1.5m
no longer reported in 2025 (was €1.5m)
- Cash -€145,810
down €145,810 (-39.5%), from €368,712 to €222,903
mainly Investment in fixed assets (net) (-€2.5m) and Receivables within one year (-€32,004)
- Receivables within one year +€32,004
up €32,004 (+49.2%), from €65,023 to €97,028
of which Trade receivables: +€33,370
- Debts after one year +€732,761
up €732,761 (+635%), from €115,409 to €848,170
of which Financial debts: +€732,761
- Current portion of long-term debt +€67,239
new in 2025: €67,239
- Gross operating margin -€1.4m
down €1.4m (-97.4%), from €1.4m to €36,804
- Depreciation +€58,767
up €58,767, from €0 to €58,767
- Financial income +€28,415
up €28,415 (+157%), from €18,112 to €46,528
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 | €2,043,736 | €2,846,163 | +€802,427 | +39.3% |
| Fixed assets | 21/28 | - | €2,416,233 | +€2.4m | |
| Tangible fixed assets | 22/27 | - | €2,416,233 | +€2.4m | |
| Plant, machinery and equipment | 23 | - | €2,416,233 | +€2.4m | |
| Current assets | 29/58 | €2,043,736 | €429,930 | -€1.6m | -79.0% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €65,023 | €97,028 | +€32,004 | +49.2% |
| Trade receivables | 40 | €54,000 | €87,370 | +€33,370 | +61.8% |
| Other amounts receivable | 41 | €11,023 | €9,658 | -€1,366 | -12.4% |
| Current investments | 50/53 | €1,500,000 | - | -€1.5m | |
| Cash at bank and in hand | 54/58 | €368,712 | €222,903 | -€145,810 | -39.5% |
| Total equity and liabilities | 10/49 | €2,043,736 | €2,846,163 | +€802,427 | +39.3% |
| Equity | 10/15 | €1,560,976 | €1,570,848 | +€9,871 | +0.6% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €1,576,240 | €1,562,791 | -€13,449 | -0.9% |
| Tax-exempt reserves | 132 | €1,333,094 | €1,308,089 | -€25,005 | -1.9% |
| Distributable reserves | 133 | €243,146 | €254,702 | +€11,556 | +4.8% |
| Profit (loss) carried forward | 14 | -€23,320 | - | +€23,320 | |
| Provisions and deferred taxes | 16 | €351,031 | €342,696 | -€8,335 | -2.4% |
| Deferred taxes | 168 | €351,031 | €342,696 | -€8,335 | -2.4% |
| Amounts payable | 17/49 | €131,728 | €932,619 | +€800,891 | +608% |
| Amounts payable after more than one year | 17 | €115,409 | €848,170 | +€732,761 | +635% |
| Financial debts | 170/4 | - | €732,761 | +€732,761 | |
| Other amounts payable | 178/9 | €115,409 | €115,409 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,319 | €72,449 | +€68,130 | +1,577% |
| Current portion of amounts payable after more than one year | 42 | - | €67,239 | +€67,239 | |
| Financial debts | 43 | €2,067 | €2,067 | -€0 | 0.0% |
| Credit institutions | 430/8 | €2,067 | €2,067 | -€0 | 0.0% |
| Trade debts | 44 | - | €891 | +€891 | |
| Suppliers | 440/4 | - | €891 | +€891 | |
| Taxes, remuneration and social security | 45 | €2,253 | €2,253 | = | 0.0% |
| Taxes | 450/3 | €2,253 | €2,253 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €12,000 | €12,000 | = | 0.0% |
| Non-recurring operating income | 76A | €1,404,126 | - | -€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €58,767 | +€58,767 | |
| Other operating charges | 640/8 | €1,128 | €8,964 | +€7,836 | +695% |
| Gross operating margin | 9900 | €1,391,861 | €36,804 | -€1.4m | -97.4% |
| Operating profit (loss) | 9901 | €1,390,734 | -€30,926 | -€1.4m | |
| Financial income | 75/76B | €18,112 | €46,528 | +€28,415 | +157% |
| Recurring financial income | 75 | €18,112 | €46,528 | +€28,415 | +157% |
| Financial charges | 65/66B | €1,058 | €6,470 | +€5,412 | +511% |
| Recurring financial charges | 65 | €1,058 | €6,470 | +€5,412 | +511% |
| Profit (loss) for the period before taxes | 9903 | €1,407,788 | €9,131 | -€1.4m | -99.4% |
| Transfer from deferred taxes | 780 | - | €33,340 | +€33,340 | |
| Transfer to deferred taxes | 680 | €351,031 | - | -€351,031 | |
| Income taxes | 67/77 | - | €7,595 | +€7,595 | |
| Profit (loss) for the period | 9904 | €1,056,756 | €34,876 | -€1.0m | -96.7% |
| Transfer to tax-exempt reserves | 689 | €1,053,094 | - | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,662 | €34,876 | +€31,215 | +852% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.