NAUTILUS CONSULT: 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 CONSULT
Largest movements
- Receivables within one year -€67,697
down €67,697 (-16.1%), from €419,313 to €351,616
of which Trade receivables: -€46,013
- Deferred charges and accrued income +€22,650
up €22,650 (+863%), from €2,623 to €25,273
- Trade debts -€57,416
down €57,416 (-23.2%), from €247,861 to €190,445
- Other debts +€44,500
up €44,500 (+44.5%), from €100,000 to €144,500
- Tax, wage and social debts -€25,389
down €25,389 (-14.9%), from €170,059 to €144,670
of which Taxes: -€29,030
- Reserves -€14,500
down €14,500 (-88.6%), from €16,360 to €1,860
of which Distributable reserves: -€14,500
- Accrued charges and deferred income +€12,240
new in 2025: €12,240
- Staff costs -€298,222
down €298,222 (-31.5%), from €948,037 to €649,814
- Gross operating margin -€243,197
down €243,197 (-22.5%), from €1.1m to €838,583
- Taxes +€13,073
up €13,073 (+31.9%), from €41,024 to €54,097
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 | €555,965 | €513,223 | -€42,742 | -7.7% |
| Fixed assets | 21/28 | €1,944 | €201 | -€1,743 | -89.7% |
| Tangible fixed assets | 22/27 | €1,784 | €41 | -€1,743 | -97.7% |
| Furniture and vehicles | 24 | €1,784 | €41 | -€1,743 | -97.7% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €554,021 | €513,022 | -€40,999 | -7.4% |
| Amounts receivable within one year | 40/41 | €419,313 | €351,616 | -€67,697 | -16.1% |
| Trade receivables | 40 | €396,814 | €350,802 | -€46,013 | -11.6% |
| Other amounts receivable | 41 | €22,499 | €814 | -€21,684 | -96.4% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €131,085 | €135,134 | +€4,049 | +3.1% |
| Deferred charges and accrued income | 490/1 | €2,623 | €25,273 | +€22,650 | +863% |
| Total equity and liabilities | 10/49 | €555,965 | €513,223 | -€42,742 | -7.7% |
| Equity | 10/15 | €38,045 | €21,368 | -€16,677 | -43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,360 | €1,860 | -€14,500 | -88.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,500 | €0 | -€14,500 | -100% |
| Profit (loss) carried forward | 14 | €3,085 | €908 | -€2,177 | -70.6% |
| Amounts payable | 17/49 | €517,920 | €491,855 | -€26,065 | -5.0% |
| Amounts payable within one year | 42/48 | €517,920 | €479,615 | -€38,305 | -7.4% |
| Trade debts | 44 | €247,861 | €190,445 | -€57,416 | -23.2% |
| Suppliers | 440/4 | €247,861 | €190,445 | -€57,416 | -23.2% |
| Taxes, remuneration and social security | 45 | €170,059 | €144,670 | -€25,389 | -14.9% |
| Taxes | 450/3 | €98,113 | €69,083 | -€29,030 | -29.6% |
| Remuneration and social security | 454/9 | €71,946 | €75,586 | +€3,641 | +5.1% |
| Other amounts payable | 47/48 | €100,000 | €144,500 | +€44,500 | +44.5% |
| Accrued charges and deferred income | 492/3 | - | €12,240 | +€12,240 | |
| Remuneration, social security and pensions | 62 | €948,037 | €649,814 | -€298,222 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,413 | €1,743 | -€670 | -27.8% |
| Other operating charges | 640/8 | €781 | €770 | -€11 | -1.5% |
| Gross operating margin | 9900 | €1,081,780 | €838,583 | -€243,197 | -22.5% |
| Operating profit (loss) | 9901 | €130,549 | €186,256 | +€55,707 | +42.7% |
| Financial income | 75/76B | €1,158 | €765 | -€393 | -33.9% |
| Recurring financial income | 75 | €1,158 | €765 | -€393 | -33.9% |
| Financial charges | 65/66B | €4,607 | €5,101 | +€494 | +10.7% |
| Recurring financial charges | 65 | €4,607 | €5,101 | +€494 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €127,099 | €181,920 | +€54,821 | +43.1% |
| Income taxes | 67/77 | €41,024 | €54,097 | +€13,073 | +31.9% |
| Profit (loss) for the period | 9904 | €86,075 | €127,823 | +€41,748 | +48.5% |
| Transfer from tax-exempt reserves | 789 | €50,000 | €0 | -€50,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €136,075 | €127,823 | -€8,252 | -6.1% |
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 16 October 2026 via checked.be.