SO NATURAL: 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.
SO NATURAL
Largest movements
- Tangible fixed assets -€4,671
down €4,671 (-62.2%), from €7,514 to €2,843
- Cash +€2,269
up €2,269 (+59.2%), from €3,833 to €6,103
mainly Depreciation (+€6,248) and Receivables within one year (+€540)
- Receivables within one year -€540
down €540 (-88.1%), from €613 to €73
of which Other amounts receivable: -€354
- Deferred charges and accrued income -€346
down €346 (-100%), from €346 to €0
- Formation expenses -€216
down €216 (-79.3%), from €273 to €56
- Trade debts -€3,320
down €3,320 (-30.8%), from €10,781 to €7,461
- Advances received -€470
down €470 (-100%), from €470 to €0
- Tax, wage and social debts +€348
new in 2025: €348
- Gross operating margin +€8,133
up €8,133, from -€1,594 to €6,539
- Other operating charges -€1,946
down €1,946 (-94.2%), from €2,066 to €120
- Financial income -€101
down €101 (-100%), from €101 to €0
- Financial charges +€67
up €67 (+151%), from €45 to €112
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 | €12,579 | €9,075 | -€3,504 | -27.9% |
| Formation expenses | 20 | €273 | €56 | -€216 | -79.3% |
| Fixed assets | 21/28 | €7,514 | €2,843 | -€4,671 | -62.2% |
| Tangible fixed assets | 22/27 | €7,514 | €2,843 | -€4,671 | -62.2% |
| Plant, machinery and equipment | 23 | €7,514 | €2,843 | -€4,671 | -62.2% |
| Current assets | 29/58 | €4,792 | €6,175 | +€1,383 | +28.9% |
| Amounts receivable within one year | 40/41 | €613 | €73 | -€540 | -88.1% |
| Trade receivables | 40 | €186 | €0 | -€186 | -100% |
| Other amounts receivable | 41 | €427 | €73 | -€354 | -82.9% |
| Cash at bank and in hand | 54/58 | €3,833 | €6,103 | +€2,269 | +59.2% |
| Deferred charges and accrued income | 490/1 | €346 | €0 | -€346 | -100% |
| Total equity and liabilities | 10/49 | €12,579 | €9,075 | -€3,504 | -27.9% |
| Equity | 10/15 | -€3,576 | -€3,517 | +€59 | +1.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,076 | -€10,017 | +€59 | +0.6% |
| Amounts payable | 17/49 | €16,155 | €12,592 | -€3,563 | -22.1% |
| Amounts payable within one year | 42/48 | €16,155 | €12,592 | -€3,563 | -22.1% |
| Trade debts | 44 | €10,781 | €7,461 | -€3,320 | -30.8% |
| Suppliers | 440/4 | €10,781 | €7,461 | -€3,320 | -30.8% |
| Advances received on contracts in progress | 46 | €470 | €0 | -€470 | -100% |
| Taxes, remuneration and social security | 45 | - | €348 | +€348 | |
| Taxes | 450/3 | - | €348 | +€348 | |
| Other amounts payable | 47/48 | €4,904 | €4,783 | -€121 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,184 | €6,248 | +€64 | +1.0% |
| Other operating charges | 640/8 | €2,066 | €120 | -€1,946 | -94.2% |
| Gross operating margin | 9900 | -€1,594 | €6,539 | +€8,133 | |
| Operating profit (loss) | 9901 | -€9,845 | €171 | +€10,016 | |
| Financial income | 75/76B | €101 | €0 | -€101 | -100% |
| Recurring financial income | 75 | €101 | €0 | -€101 | -100% |
| Financial charges | 65/66B | €45 | €112 | +€67 | +151% |
| Recurring financial charges | 65 | €45 | €112 | +€67 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€9,788 | €59 | +€9,847 | |
| Profit (loss) for the period | 9904 | -€9,788 | €59 | +€9,847 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,788 | €59 | +€9,847 |
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 23 October 2026 via checked.be.