LAURENS NARRAINA: 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.
LAURENS NARRAINA
Largest movements
- Tangible fixed assets -€14,971
down €14,971 (-8.2%), from €182,037 to €167,066
of which Furniture and vehicles: -€7,839
- Receivables within one year +€3,990
up €3,990 (+115%), from €3,463 to €7,453
- Cash +€3,649
up €3,649 (+119%), from €3,058 to €6,707
mainly Depreciation (+€14,971) and Deferred charges and accrued income (+€397)
- Profit (loss) carried forward -€6,174
down €6,174 (-0.8%), from -€770,043 to -€776,217
- Gross operating margin -€3,632
down €3,632 (-13.1%), from €27,651 to €24,019
- Financial charges +€3,234
up €3,234 (+37.2%), from €8,686 to €11,920
- Financial income -€341
down €341 (-65.3%), from €522 to €181
- Depreciation -€340
down €340 (-2.2%), from €15,311 to €14,971
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,610 | €181,881 | -€7,729 | -4.1% |
| Fixed assets | 21/28 | €182,037 | €167,066 | -€14,971 | -8.2% |
| Tangible fixed assets | 22/27 | €182,037 | €167,066 | -€14,971 | -8.2% |
| Land and buildings | 22 | €154,779 | €148,352 | -€6,427 | -4.2% |
| Plant, machinery and equipment | 23 | €2,050 | €1,345 | -€705 | -34.4% |
| Furniture and vehicles | 24 | €25,208 | €17,369 | -€7,839 | -31.1% |
| Current assets | 29/58 | €7,573 | €14,815 | +€7,242 | +95.6% |
| Amounts receivable within one year | 40/41 | €3,463 | €7,453 | +€3,990 | +115% |
| Other amounts receivable | 41 | €3,463 | €7,453 | +€3,990 | +115% |
| Cash at bank and in hand | 54/58 | €3,058 | €6,707 | +€3,649 | +119% |
| Deferred charges and accrued income | 490/1 | €1,052 | €655 | -€397 | -37.7% |
| Total equity and liabilities | 10/49 | €189,610 | €181,881 | -€7,729 | -4.1% |
| Equity | 10/15 | -€62,755 | -€68,928 | -€6,173 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €688,688 | €688,689 | +€1 | 0.0% |
| Distributable reserves | 133 | €688,688 | €688,689 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€770,043 | -€776,217 | -€6,174 | -0.8% |
| Amounts payable | 17/49 | €252,365 | €250,809 | -€1,556 | -0.6% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,365 | €809 | -€1,556 | -65.8% |
| Trade debts | 44 | €1,277 | €517 | -€760 | -59.5% |
| Suppliers | 440/4 | €1,277 | €517 | -€760 | -59.5% |
| Taxes, remuneration and social security | 45 | €1,088 | €292 | -€796 | -73.2% |
| Taxes | 450/3 | €1,088 | €292 | -€796 | -73.2% |
| Non-recurring operating income | 76A | - | €166 | +€166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,311 | €14,971 | -€340 | -2.2% |
| Other operating charges | 640/8 | €3,248 | €3,208 | -€40 | -1.2% |
| Gross operating margin | 9900 | €27,651 | €24,019 | -€3,632 | -13.1% |
| Operating profit (loss) | 9901 | €9,092 | €5,840 | -€3,252 | -35.8% |
| Financial income | 75/76B | €522 | €181 | -€341 | -65.3% |
| Recurring financial income | 75 | €522 | €181 | -€341 | -65.3% |
| Financial charges | 65/66B | €8,686 | €11,920 | +€3,234 | +37.2% |
| Recurring financial charges | 65 | €8,686 | €11,920 | +€3,234 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €928 | -€5,899 | -€6,827 | |
| Income taxes | 67/77 | €349 | €275 | -€74 | -21.2% |
| Profit (loss) for the period | 9904 | €579 | -€6,174 | -€6,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €579 | -€6,174 | -€6,753 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.