NATOCA: what changed
What changed
NATOCA
NACE 10.712, Artisanal bread and fresh pastry making
filed annual accounts (NBB)
Net result for the year
€13,712
2024 · €18,135-€4,423
Equity
€512,276
2024 · €498,564+€13,712
Cash
€28,157
2024 · €41,348-€13,191
Balance sheet total
€639,270
2024 · €638,292+€978
Largest movements
Assets
- Tangible fixed assets +€15,682
up €15,682 (+2.6%), from €594,968 to €610,650
of which Land and buildings: +€8,453
- Cash -€13,191
down €13,191 (-31.9%), from €41,348 to €28,157
mainly Investment in fixed assets (net) (-€49,901) and Debts after one year (-€15,593)
Equity and liabilities
- Debts after one year -€15,593
down €15,593 (-13.1%), from €119,095 to €103,502
- Profit (loss) carried forward +€13,712
up €13,712 (+3.1%), from €439,587 to €453,298
Income statement
- Gross operating margin -€14,109
down €14,109 (-20.1%), from €70,300 to €56,191
- Taxes -€10,132
down €10,132, from €9,018 to -€1,114
- Other operating charges +€2,111
up €2,111 (+42.1%), from €5,010 to €7,120
- Financial income +€1,051
up €1,051 (+1,716%), from €61 to €1,112
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€18,135
Gross operating margin
-€14,109
Depreciation
+€324
Other operating charges
-€2,111
Financial income
+€1,051
Financial charges
+€289
Taxes
+€10,132
Result 2025
€13,712
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€51,928
Investment
-€49,901
Financing
-€15,218
Cash 2024
€41,348
From operations (derived)
+€51,928
Net result for the year
+€13,712
Depreciation
+€34,220
Receivables within one year
+€1,513
Trade debts
-€1,349
Tax, wage and social debts
+€3,579
Other debts
+€254
Investment (derived)
-€49,901
Investment in fixed assets (net)
-€49,901
Financing
-€15,218
Debts after one year
-€15,593
Current portion of long-term debt
+€375
Cash 2025
€28,157
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €638,292 | €639,270 | +€978 | +0.2% |
| Fixed assets | 21/28 | €595,431 | €611,113 | +€15,682 | +2.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €594,968 | €610,650 | +€15,682 | +2.6% |
| Land and buildings | 22 | €579,612 | €588,065 | +€8,453 | +1.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €15,356 | €22,585 | +€7,229 | +47.1% |
| Financial fixed assets | 28 | €463 | €463 | = | 0.0% |
| Current assets | 29/58 | €42,861 | €28,157 | -€14,704 | -34.3% |
| Amounts receivable within one year | 40/41 | €1,513 | €0 | -€1,513 | -100% |
| Trade receivables | 40 | €1,513 | - | -€1,513 | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €41,348 | €28,157 | -€13,191 | -31.9% |
| Total equity and liabilities | 10/49 | €638,292 | €639,270 | +€978 | +0.2% |
| Equity | 10/15 | €498,564 | €512,276 | +€13,712 | +2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,977 | €38,977 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €14,977 | €14,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | €439,587 | €453,298 | +€13,712 | +3.1% |
| Amounts payable | 17/49 | €139,728 | €126,995 | -€12,733 | -9.1% |
| Amounts payable after more than one year | 17 | €119,095 | €103,502 | -€15,593 | -13.1% |
| Financial debts | 170/4 | €119,095 | €103,502 | -€15,593 | -13.1% |
| Amounts payable within one year | 42/48 | €20,633 | €23,493 | +€2,860 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €15,218 | €15,593 | +€375 | +2.5% |
| Trade debts | 44 | €1,349 | - | -€1,349 | |
| Suppliers | 440/4 | €1,349 | - | -€1,349 | |
| Taxes, remuneration and social security | 45 | €421 | €4,000 | +€3,579 | +850% |
| Taxes | 450/3 | €421 | €4,000 | +€3,579 | +850% |
| Other amounts payable | 47/48 | €3,645 | €3,900 | +€254 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,544 | €34,220 | -€324 | -0.9% |
| Other operating charges | 640/8 | €5,010 | €7,120 | +€2,111 | +42.1% |
| Gross operating margin | 9900 | €70,300 | €56,191 | -€14,109 | -20.1% |
| Operating profit (loss) | 9901 | €30,746 | €14,851 | -€15,895 | -51.7% |
| Financial income | 75/76B | €61 | €1,112 | +€1,051 | +1,716% |
| Recurring financial income | 75 | €61 | €1,112 | +€1,051 | +1,716% |
| Financial charges | 65/66B | €3,655 | €3,366 | -€289 | -7.9% |
| Recurring financial charges | 65 | €3,655 | €3,366 | -€289 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €27,153 | €12,598 | -€14,555 | -53.6% |
| Income taxes | 67/77 | €9,018 | -€1,114 | -€10,132 | |
| Profit (loss) for the period | 9904 | €18,135 | €13,712 | -€4,423 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,135 | €13,712 | -€4,423 | -24.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.