NAUTINSTRUCT: 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.
NAUTINSTRUCT
Largest movements
- Cash +€6,647
up €6,647 (+24.4%), from €27,239 to €33,886
mainly Net result for the year (+€9,930) and Receivables within one year (+€491)
- Tangible fixed assets +€1,059
up €1,059, from €0 to €1,059
- Reserves +€6,000
up €6,000 (+14.9%), from €40,200 to €46,200
- Profit (loss) carried forward +€3,930
up €3,930, from -€3,690 to €239
- Other debts -€3,099
down €3,099 (-27.7%), from €11,205 to €8,106
- Gross operating margin -€10,518
down €10,518 (-41.4%), from €25,382 to €14,865
- Taxes -€1,944
down €1,944 (-30.0%), from €6,489 to €4,545
- Financial income -€730
down €730 (-48.4%), from €1,508 to €778
- Depreciation -€351
down €351 (-45.9%), from €765 to €414
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 | €78,234 | €85,505 | +€7,271 | +9.3% |
| Fixed assets | 21/28 | €0 | €1,059 | +€1,059 | |
| Tangible fixed assets | 22/27 | €0 | €1,059 | +€1,059 | |
| Furniture and vehicles | 24 | €0 | €1,059 | +€1,059 | |
| Current assets | 29/58 | €78,234 | €84,447 | +€6,212 | +7.9% |
| Amounts receivable within one year | 40/41 | €943 | €452 | -€491 | -52.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €943 | €452 | -€491 | -52.1% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,239 | €33,886 | +€6,647 | +24.4% |
| Deferred charges and accrued income | 490/1 | €53 | €109 | +€56 | +106.3% |
| Total equity and liabilities | 10/49 | €78,234 | €85,505 | +€7,271 | +9.3% |
| Equity | 10/15 | €66,510 | €76,439 | +€9,930 | +14.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €40,200 | €46,200 | +€6,000 | +14.9% |
| Distributable reserves | 133 | €40,200 | €46,200 | +€6,000 | +14.9% |
| Profit (loss) carried forward | 14 | -€3,690 | €239 | +€3,930 | |
| Amounts payable | 17/49 | €11,725 | €9,066 | -€2,659 | -22.7% |
| Amounts payable within one year | 42/48 | €11,725 | €9,066 | -€2,659 | -22.7% |
| Trade debts | 44 | €520 | €960 | +€440 | +84.6% |
| Suppliers | 440/4 | €520 | €960 | +€440 | +84.6% |
| Other amounts payable | 47/48 | €11,205 | €8,106 | -€3,099 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €414 | -€351 | -45.9% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €25,382 | €14,865 | -€10,518 | -41.4% |
| Operating profit (loss) | 9901 | €24,104 | €13,923 | -€10,181 | -42.2% |
| Financial income | 75/76B | €1,508 | €778 | -€730 | -48.4% |
| Recurring financial income | 75 | €1,508 | €778 | -€730 | -48.4% |
| Financial charges | 65/66B | €213 | €227 | +€14 | +6.7% |
| Recurring financial charges | 65 | €213 | €227 | +€14 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €25,400 | €14,475 | -€10,925 | -43.0% |
| Income taxes | 67/77 | €6,489 | €4,545 | -€1,944 | -30.0% |
| Profit (loss) for the period | 9904 | €18,911 | €9,930 | -€8,982 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,911 | €9,930 | -€8,982 | -47.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.