LA-NARGIS: 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.
LA-NARGIS
Largest movements
- Receivables within one year -€30,486
down €30,486 (-54.2%), from €56,266 to €25,780
of which Trade receivables: -€35,227
- Tangible fixed assets -€8,532
down €8,532 (-3.3%), from €258,803 to €250,271
- Cash -€4,955
down €4,955 (-74.7%), from €6,636 to €1,680
mainly Trade debts (-€47,568) and Debts after one year (-€15,892)
- Trade debts -€47,568
down €47,568 (-91.3%), from €52,074 to €4,506
- Profit (loss) carried forward +€17,268
up €17,268 (+25.2%), from -€68,559 to -€51,291
- Debts after one year -€15,892
down €15,892 (-8.5%), from €187,615 to €171,723
- Tax, wage and social debts +€6,963
up €6,963 (+14.1%), from €49,378 to €56,341
of which Taxes: +€17,218
- Other debts -€5,597
down €5,597 (-11.5%), from €48,594 to €42,996
- Gross operating margin -€7,247
down €7,247 (-16.8%), from €43,073 to €35,827
- Other operating charges +€1,824
up €1,824 (+106.7%), from €1,709 to €3,533
- Financial charges +€1,824
up €1,824 (+39.0%), from €4,671 to €6,494
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 | €325,705 | €282,732 | -€42,973 | -13.2% |
| Fixed assets | 21/28 | €258,803 | €250,271 | -€8,532 | -3.3% |
| Tangible fixed assets | 22/27 | €258,803 | €250,271 | -€8,532 | -3.3% |
| Land and buildings | 22 | €258,803 | €250,271 | -€8,532 | -3.3% |
| Current assets | 29/58 | €66,902 | €32,461 | -€34,441 | -51.5% |
| Stocks and contracts in progress | 3 | €4,000 | €5,000 | +€1,000 | +25.0% |
| Stocks | 30/36 | €4,000 | €5,000 | +€1,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €56,266 | €25,780 | -€30,486 | -54.2% |
| Trade receivables | 40 | €38,961 | €3,735 | -€35,227 | -90.4% |
| Other amounts receivable | 41 | €17,305 | €22,046 | +€4,741 | +27.4% |
| Cash at bank and in hand | 54/58 | €6,636 | €1,680 | -€4,955 | -74.7% |
| Total equity and liabilities | 10/49 | €325,705 | €282,732 | -€42,973 | -13.2% |
| Equity | 10/15 | -€30,879 | -€13,612 | +€17,268 | +55.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,280 | €25,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €23,480 | €23,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,559 | -€51,291 | +€17,268 | +25.2% |
| Amounts payable | 17/49 | €356,584 | €296,343 | -€60,241 | -16.9% |
| Amounts payable after more than one year | 17 | €187,615 | €171,723 | -€15,892 | -8.5% |
| Financial debts | 170/4 | €187,615 | €171,723 | -€15,892 | -8.5% |
| Amounts payable within one year | 42/48 | €168,970 | €124,621 | -€44,349 | -26.2% |
| Financial debts | 43 | €18,923 | €20,777 | +€1,854 | +9.8% |
| Credit institutions | 430/8 | €18,923 | €20,777 | +€1,854 | +9.8% |
| Trade debts | 44 | €52,074 | €4,506 | -€47,568 | -91.3% |
| Suppliers | 440/4 | €52,074 | €4,506 | -€47,568 | -91.3% |
| Taxes, remuneration and social security | 45 | €49,378 | €56,341 | +€6,963 | +14.1% |
| Taxes | 450/3 | €10,579 | €27,797 | +€17,218 | +162.7% |
| Remuneration and social security | 454/9 | €38,799 | €28,544 | -€10,255 | -26.4% |
| Other amounts payable | 47/48 | €48,594 | €42,996 | -€5,597 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,532 | €8,532 | = | 0.0% |
| Other operating charges | 640/8 | €1,709 | €3,533 | +€1,824 | +106.7% |
| Gross operating margin | 9900 | €43,073 | €35,827 | -€7,247 | -16.8% |
| Operating profit (loss) | 9901 | €32,833 | €23,762 | -€9,071 | -27.6% |
| Financial charges | 65/66B | €4,671 | €6,494 | +€1,824 | +39.0% |
| Recurring financial charges | 65 | €4,671 | €6,494 | +€1,824 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €28,162 | €17,268 | -€10,894 | -38.7% |
| Profit (loss) for the period | 9904 | €28,162 | €17,268 | -€10,894 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,162 | €17,268 | -€10,894 | -38.7% |
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 11 October 2026 via checked.be.