NAUTILUS: 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.
NAUTILUS
Largest movements
- Receivables within one year +€38,189
up €38,189 (+58.4%), from €65,370 to €103,559
of which Trade receivables: +€35,098
- Cash -€30,967
down €30,967 (-80.6%), from €38,421 to €7,454
mainly Receivables within one year (-€38,189) and Short-term financial debts (-€34,997)
- Tangible fixed assets -€21,911
down €21,911 (-20.1%), from €109,083 to €87,171
of which Other tangible fixed assets: -€24,106
- Deferred charges and accrued income +€3,814
up €3,814 (+87.4%), from €4,363 to €8,177
- Short-term financial debts -€34,997
down €34,997 (-99.8%), from €35,082 to €85
- Trade debts +€24,552
up €24,552 (+25.8%), from €95,133 to €119,686
- Debts after one year -€13,460
down €13,460 (-18.7%), from €71,859 to €58,398
- Reserves +€6,611
up €6,611 (+74.1%), from €8,925 to €15,536
- Tax, wage and social debts +€3,142
up €3,142 (+14.7%), from €21,331 to €24,473
of which Remuneration and social security: +€4,077
- Gross operating margin +€24,966
up €24,966 (+16.8%), from €148,923 to €173,889
- Financial charges -€1,762
down €1,762 (-16.6%), from €10,603 to €8,841
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 | €273,234 | €260,957 | -€12,277 | -4.5% |
| Fixed assets | 21/28 | €109,513 | €87,601 | -€21,911 | -20.0% |
| Tangible fixed assets | 22/27 | €109,083 | €87,171 | -€21,911 | -20.1% |
| Plant, machinery and equipment | 23 | €14,737 | €8,774 | -€5,963 | -40.5% |
| Furniture and vehicles | 24 | €1,186 | €213 | -€973 | -82.0% |
| Leasing and similar rights | 25 | - | €9,130 | +€9,130 | |
| Other tangible fixed assets | 26 | €93,159 | €69,054 | -€24,106 | -25.9% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €163,721 | €173,356 | +€9,634 | +5.9% |
| Stocks and contracts in progress | 3 | €55,568 | €54,166 | -€1,402 | -2.5% |
| Stocks | 30/36 | €55,568 | €54,166 | -€1,402 | -2.5% |
| Amounts receivable within one year | 40/41 | €65,370 | €103,559 | +€38,189 | +58.4% |
| Trade receivables | 40 | €60,077 | €95,175 | +€35,098 | +58.4% |
| Other amounts receivable | 41 | €5,293 | €8,384 | +€3,091 | +58.4% |
| Cash at bank and in hand | 54/58 | €38,421 | €7,454 | -€30,967 | -80.6% |
| Deferred charges and accrued income | 490/1 | €4,363 | €8,177 | +€3,814 | +87.4% |
| Total equity and liabilities | 10/49 | €273,234 | €260,957 | -€12,277 | -4.5% |
| Equity | 10/15 | €27,517 | €34,128 | +€6,611 | +24.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,925 | €15,536 | +€6,611 | +74.1% |
| Distributable reserves | 133 | €8,925 | €15,536 | +€6,611 | +74.1% |
| Amounts payable | 17/49 | €245,717 | €226,829 | -€18,888 | -7.7% |
| Amounts payable after more than one year | 17 | €71,859 | €58,398 | -€13,460 | -18.7% |
| Financial debts | 170/4 | €71,859 | €58,398 | -€13,460 | -18.7% |
| Amounts payable within one year | 42/48 | €172,794 | €167,962 | -€4,832 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €20,501 | €22,861 | +€2,360 | +11.5% |
| Financial debts | 43 | €35,082 | €85 | -€34,997 | -99.8% |
| Credit institutions | 430/8 | €35,082 | €85 | -€34,997 | -99.8% |
| Trade debts | 44 | €95,133 | €119,686 | +€24,552 | +25.8% |
| Suppliers | 440/4 | €95,133 | €119,686 | +€24,552 | +25.8% |
| Taxes, remuneration and social security | 45 | €21,331 | €24,473 | +€3,142 | +14.7% |
| Taxes | 450/3 | €3,379 | €2,444 | -€935 | -27.7% |
| Remuneration and social security | 454/9 | €17,952 | €22,029 | +€4,077 | +22.7% |
| Other amounts payable | 47/48 | €747 | €857 | +€110 | +14.8% |
| Accrued charges and deferred income | 492/3 | €1,064 | €469 | -€595 | -55.9% |
| Remuneration, social security and pensions | 62 | €103,443 | €102,970 | -€473 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,597 | €34,264 | +€667 | +2.0% |
| Other operating charges | 640/8 | €1,225 | €1,257 | +€32 | +2.6% |
| Non-recurring operating charges | 66A | - | €20,000 | +€20,000 | |
| Gross operating margin | 9900 | €148,923 | €173,889 | +€24,966 | +16.8% |
| Operating profit (loss) | 9901 | €10,658 | €15,399 | +€4,741 | +44.5% |
| Financial income | 75/76B | €125 | €53 | -€72 | -57.4% |
| Recurring financial income | 75 | €125 | €53 | -€72 | -57.4% |
| Financial charges | 65/66B | €10,603 | €8,841 | -€1,762 | -16.6% |
| Recurring financial charges | 65 | €10,603 | €8,841 | -€1,762 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €180 | €6,611 | +€6,431 | +3,580% |
| Profit (loss) for the period | 9904 | €180 | €6,611 | +€6,431 | +3,580% |
| Profit (loss) for the period to be appropriated | 9905 | €180 | €6,611 | +€6,431 | +3,580% |
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 1 November 2026 via checked.be.