NAUTILUSPRINCIPLE: 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.
NAUTILUSPRINCIPLE
Largest movements
- Receivables within one year -€28,022
down €28,022 (-35.0%), from €80,060 to €52,038
of which Trade receivables: -€28,251
- Cash -€15,538
down €15,538 (-94.2%), from €16,498 to €960
mainly Net result for the year (-€38,557) and Trade debts (-€6,892)
- Profit (loss) carried forward -€38,557
down €38,557 (-34.1%), from -€112,989 to -€151,546
- Trade debts -€6,892
down €6,892 (-63.8%), from €10,799 to €3,908
- Tax, wage and social debts +€3,089
up €3,089 (+22.3%), from €13,842 to €16,931
of which Remuneration and social security: +€8,342
- Other debts -€1,200
no longer reported in 2025 (was €1,200)
- Gross operating margin -€81,932
down €81,932 (-75.3%), from €108,867 to €26,934
- Staff costs -€25,200
down €25,200 (-28.0%), from €90,146 to €64,946
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 | €105,732 | €62,172 | -€43,560 | -41.2% |
| Fixed assets | 21/28 | €9,174 | €9,174 | = | 0.0% |
| Financial fixed assets | 28 | €9,174 | €9,174 | = | 0.0% |
| Current assets | 29/58 | €96,558 | €52,998 | -€43,560 | -45.1% |
| Amounts receivable within one year | 40/41 | €80,060 | €52,038 | -€28,022 | -35.0% |
| Trade receivables | 40 | €35,980 | €7,729 | -€28,251 | -78.5% |
| Other amounts receivable | 41 | €44,080 | €44,309 | +€229 | +0.5% |
| Cash at bank and in hand | 54/58 | €16,498 | €960 | -€15,538 | -94.2% |
| Total equity and liabilities | 10/49 | €105,732 | €62,172 | -€43,560 | -41.2% |
| Equity | 10/15 | -€106,989 | -€145,546 | -€38,557 | -36.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,989 | -€151,546 | -€38,557 | -34.1% |
| Amounts payable | 17/49 | €212,721 | €207,718 | -€5,002 | -2.4% |
| Amounts payable after more than one year | 17 | €186,880 | €186,880 | = | 0.0% |
| Financial debts | 170/4 | €186,880 | €186,880 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,841 | €20,838 | -€5,002 | -19.4% |
| Trade debts | 44 | €10,799 | €3,908 | -€6,892 | -63.8% |
| Suppliers | 440/4 | €10,799 | €3,908 | -€6,892 | -63.8% |
| Taxes, remuneration and social security | 45 | €13,842 | €16,931 | +€3,089 | +22.3% |
| Taxes | 450/3 | €5,871 | €619 | -€5,252 | -89.5% |
| Remuneration and social security | 454/9 | €7,971 | €16,312 | +€8,342 | +104.7% |
| Other amounts payable | 47/48 | €1,200 | - | -€1,200 | |
| Remuneration, social security and pensions | 62 | €90,146 | €64,946 | -€25,200 | -28.0% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €108,867 | €26,934 | -€81,932 | -75.3% |
| Operating profit (loss) | 9901 | €18,720 | -€38,412 | -€57,132 | |
| Financial income | 75/76B | €111 | €72 | -€40 | -35.6% |
| Recurring financial income | 75 | €111 | €72 | -€40 | -35.6% |
| Financial charges | 65/66B | €239 | €217 | -€22 | -9.1% |
| Recurring financial charges | 65 | €239 | €217 | -€22 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €18,592 | -€38,557 | -€57,150 | |
| Profit (loss) for the period | 9904 | €18,592 | -€38,557 | -€57,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,592 | -€38,557 | -€57,150 |
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 10 October 2026 via checked.be.