NAUTICON: 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.
NAUTICON
Largest movements
- Receivables after one year -€250,000
no longer reported in 2025 (was €250,000)
- Receivables within one year +€227,193
up €227,193 (+574%), from €39,581 to €266,773
of which Other amounts receivable: +€230,677
- Tangible fixed assets -€32,593
down €32,593 (-7.7%), from €421,771 to €389,178
of which Land and buildings: -€20,594
- Debts after one year -€28,333
down €28,333 (-17.4%), from €162,917 to €134,583
- Gross operating margin -€11,145
down €11,145 (-66.2%), from €16,834 to €5,688
- Financial income -€6,148
down €6,148 (-21.4%), from €28,728 to €22,580
- Depreciation +€2,182
up €2,182 (+6.2%), from €35,266 to €37,448
- Other operating charges +€1,230
up €1,230 (+26.8%), from €4,593 to €5,823
- Financial charges -€373
down €373 (-11.8%), from €3,144 to €2,771
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 | €2,204,142 | €2,154,714 | -€49,428 | -2.2% |
| Fixed assets | 21/28 | €472,271 | €439,678 | -€32,593 | -6.9% |
| Tangible fixed assets | 22/27 | €421,771 | €389,178 | -€32,593 | -7.7% |
| Land and buildings | 22 | €365,539 | €344,945 | -€20,594 | -5.6% |
| Furniture and vehicles | 24 | €56,232 | €44,233 | -€11,999 | -21.3% |
| Financial fixed assets | 28 | €50,500 | €50,500 | = | 0.0% |
| Current assets | 29/58 | €1,731,872 | €1,715,036 | -€16,835 | -1.0% |
| Amounts receivable after more than one year | 29 | €250,000 | - | -€250,000 | |
| Other amounts receivable | 291 | €250,000 | - | -€250,000 | |
| Amounts receivable within one year | 40/41 | €39,581 | €266,773 | +€227,193 | +574% |
| Trade receivables | 40 | €13,645 | €10,160 | -€3,485 | -25.5% |
| Other amounts receivable | 41 | €25,936 | €256,613 | +€230,677 | +889% |
| Current investments | 50/53 | €1,264,467 | €1,264,732 | +€265 | 0.0% |
| Cash at bank and in hand | 54/58 | €168,256 | €176,600 | +€8,344 | +5.0% |
| Deferred charges and accrued income | 490/1 | €9,568 | €6,932 | -€2,637 | -27.6% |
| Total equity and liabilities | 10/49 | €2,204,142 | €2,154,714 | -€49,428 | -2.2% |
| Equity | 10/15 | €2,007,369 | €1,989,184 | -€18,186 | -0.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,807,369 | €1,789,184 | -€18,186 | -1.0% |
| Distributable reserves | 133 | €1,807,369 | €1,789,184 | -€18,186 | -1.0% |
| Amounts payable | 17/49 | €196,773 | €165,531 | -€31,243 | -15.9% |
| Amounts payable after more than one year | 17 | €162,917 | €134,583 | -€28,333 | -17.4% |
| Financial debts | 170/4 | €162,917 | €134,583 | -€28,333 | -17.4% |
| Amounts payable within one year | 42/48 | €33,856 | €30,947 | -€2,909 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €28,333 | €28,333 | = | 0.0% |
| Trade debts | 44 | €3,497 | €208 | -€3,289 | -94.1% |
| Suppliers | 440/4 | €3,497 | €208 | -€3,289 | -94.1% |
| Taxes, remuneration and social security | 45 | €2,026 | €952 | -€1,074 | -53.0% |
| Taxes | 450/3 | €2,026 | €952 | -€1,074 | -53.0% |
| Other amounts payable | 47/48 | - | €1,454 | +€1,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,266 | €37,448 | +€2,182 | +6.2% |
| Other operating charges | 640/8 | €4,593 | €5,823 | +€1,230 | +26.8% |
| Gross operating margin | 9900 | €16,834 | €5,688 | -€11,145 | -66.2% |
| Operating profit (loss) | 9901 | -€23,025 | -€37,582 | -€14,557 | -63.2% |
| Financial income | 75/76B | €28,728 | €22,580 | -€6,148 | -21.4% |
| Recurring financial income | 75 | €28,728 | €22,580 | -€6,148 | -21.4% |
| Financial charges | 65/66B | €3,144 | €2,771 | -€373 | -11.8% |
| Recurring financial charges | 65 | €3,144 | €2,771 | -€373 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €2,559 | -€17,774 | -€20,333 | |
| Income taxes | 67/77 | €414 | €412 | -€2 | -0.6% |
| Profit (loss) for the period | 9904 | €2,145 | -€18,186 | -€20,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,145 | -€18,186 | -€20,330 |
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 18 October 2026 via checked.be.