NAUTILUS PROJECT: what changed
Two fiscal 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 PROJECT
Largest movements
- Receivables within one year +€8,570
up €8,570 (+3.1%), from €277,619 to €286,188
of which Trade receivables: +€10,522
- Deferred charges and accrued income -€3,998
down €3,998 (-40.4%), from €9,885 to €5,887
- Other debts +€63,846
up €63,846 (+104.5%), from €61,105 to €124,951
- Profit (loss) carried forward -€31,541
down €31,541 (-62.3%), from €50,647 to €19,106
- Tax, wage and social debts -€18,744
down €18,744 (-95.3%), from €19,661 to €917
- Current portion of long-term debt -€6,146
down €6,146 (-68.9%), from €8,920 to €2,774
- Gross operating margin -€14,839
down €14,839 (-139.6%), from -€10,626 to -€25,466
- Financial charges +€1,872
up €1,872 (+165.5%), from €1,131 to €3,003
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.
Cash bridge derived
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 | €291,263 | €293,883 | +€2,620 | +0.9% |
| Fixed assets | 21/28 | €2,421 | €1,341 | -€1,080 | -44.6% |
| Tangible fixed assets | 22/27 | €2,343 | €1,263 | -€1,080 | -46.1% |
| Plant, machinery and equipment | 23 | €1,087 | €337 | -€750 | -69.0% |
| Furniture and vehicles | 24 | €1,256 | €925 | -€330 | -26.3% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €288,842 | €292,542 | +€3,700 | +1.3% |
| Amounts receivable within one year | 40/41 | €277,619 | €286,188 | +€8,570 | +3.1% |
| Trade receivables | 40 | €274,904 | €285,426 | +€10,522 | +3.8% |
| Other amounts receivable | 41 | €2,715 | €762 | -€1,953 | -71.9% |
| Cash at bank and in hand | 54/58 | €1,338 | €467 | -€872 | -65.1% |
| Deferred charges and accrued income | 490/1 | €9,885 | €5,887 | -€3,998 | -40.4% |
| Total equity and liabilities | 10/49 | €291,263 | €293,883 | +€2,620 | +0.9% |
| Equity | 10/15 | €196,781 | €165,240 | -€31,541 | -16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,934 | €139,934 | = | 0.0% |
| 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 | €138,074 | €138,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,647 | €19,106 | -€31,541 | -62.3% |
| Amounts payable | 17/49 | €94,482 | €128,642 | +€34,161 | +36.2% |
| Amounts payable after more than one year | 17 | €2,287 | - | -€2,287 | |
| Financial debts | 170/4 | €2,287 | - | -€2,287 | |
| Amounts payable within one year | 42/48 | €92,194 | €128,642 | +€36,448 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €8,920 | €2,774 | -€6,146 | -68.9% |
| Trade debts | 44 | €2,508 | - | -€2,508 | |
| Suppliers | 440/4 | €2,508 | - | -€2,508 | |
| Taxes, remuneration and social security | 45 | €19,661 | €917 | -€18,744 | -95.3% |
| Taxes | 450/3 | €19,661 | €917 | -€18,744 | -95.3% |
| Other amounts payable | 47/48 | €61,105 | €124,951 | +€63,846 | +104.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €1,080 | -€44 | -3.9% |
| Other operating charges | 640/8 | €1,792 | €1,765 | -€27 | -1.5% |
| Non-recurring operating charges | 66A | €7,480 | - | -€7,480 | |
| Gross operating margin | 9900 | -€10,626 | -€25,466 | -€14,839 | -139.6% |
| Operating profit (loss) | 9901 | -€21,023 | -€28,311 | -€7,288 | -34.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,131 | €3,003 | +€1,872 | +165.5% |
| Recurring financial charges | 65 | €1,131 | €3,003 | +€1,872 | +165.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,151 | -€31,314 | -€9,163 | -41.4% |
| Income taxes | 67/77 | €445 | €227 | -€218 | -49.0% |
| Profit (loss) for the period | 9904 | -€22,596 | -€31,541 | -€8,946 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,596 | -€31,541 | -€8,946 | -39.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.