Nagori: 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.
Nagori
Largest movements
- Receivables within one year -€29,445
down €29,445 (-68.8%), from €42,770 to €13,325
of which Trade receivables: -€28,180
- Tangible fixed assets +€22,202
up €22,202 (+43.5%), from €51,003 to €73,205
of which Other tangible fixed assets: +€23,314
- Current investments -€9,798
down €9,798 (-49.0%), from €20,000 to €10,202
- Cash +€2,438
up €2,438 (+15.3%), from €15,960 to €18,398
mainly Receivables within one year (+€29,445) and Net result for the year (+€23,060)
- Deferred charges and accrued income -€1,749
down €1,749 (-72.9%), from €2,399 to €650
- Advances received -€33,275
no longer reported in 2025 (was €33,275)
- Profit (loss) carried forward +€23,060
up €23,060 (+39.8%), from €57,974 to €81,034
- Tax, wage and social debts -€11,225
down €11,225 (-45.4%), from €24,721 to €13,495
of which Taxes: -€8,300
- Trade debts +€9,730
up €9,730 (+480%), from €2,027 to €11,757
- Debts after one year -€4,165
down €4,165 (-65.9%), from €6,317 to €2,153
- Gross operating margin +€4,683
up €4,683 (+13.1%), from €35,853 to €40,537
- Depreciation +€4,392
up €4,392 (+68.4%), from €6,426 to €10,818
- Other operating charges -€854
down €854 (-50.5%), from €1,692 to €837
- Financial income +€525
up €525 (+6,908%), from €8 to €533
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 | €132,132 | €115,780 | -€16,352 | -12.4% |
| Fixed assets | 21/28 | €51,003 | €73,205 | +€22,202 | +43.5% |
| Tangible fixed assets | 22/27 | €51,003 | €73,205 | +€22,202 | +43.5% |
| Furniture and vehicles | 24 | €16,546 | €15,434 | -€1,112 | -6.7% |
| Other tangible fixed assets | 26 | €34,457 | €57,771 | +€23,314 | +67.7% |
| Current assets | 29/58 | €81,129 | €42,575 | -€38,554 | -47.5% |
| Amounts receivable within one year | 40/41 | €42,770 | €13,325 | -€29,445 | -68.8% |
| Trade receivables | 40 | €40,873 | €12,693 | -€28,180 | -68.9% |
| Other amounts receivable | 41 | €1,897 | €632 | -€1,265 | -66.7% |
| Current investments | 50/53 | €20,000 | €10,202 | -€9,798 | -49.0% |
| Cash at bank and in hand | 54/58 | €15,960 | €18,398 | +€2,438 | +15.3% |
| Deferred charges and accrued income | 490/1 | €2,399 | €650 | -€1,749 | -72.9% |
| Total equity and liabilities | 10/49 | €132,132 | €115,780 | -€16,352 | -12.4% |
| Equity | 10/15 | €60,974 | €84,034 | +€23,060 | +37.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,974 | €81,034 | +€23,060 | +39.8% |
| Amounts payable | 17/49 | €71,158 | €31,746 | -€39,412 | -55.4% |
| Amounts payable after more than one year | 17 | €6,317 | €2,153 | -€4,165 | -65.9% |
| Financial debts | 170/4 | €6,317 | €2,153 | -€4,165 | -65.9% |
| Amounts payable within one year | 42/48 | €64,840 | €29,417 | -€35,423 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €3,985 | €4,165 | +€180 | +4.5% |
| Trade debts | 44 | €2,027 | €11,757 | +€9,730 | +480% |
| Suppliers | 440/4 | €2,027 | €11,757 | +€9,730 | +480% |
| Advances received on contracts in progress | 46 | €33,275 | - | -€33,275 | |
| Taxes, remuneration and social security | 45 | €24,721 | €13,495 | -€11,225 | -45.4% |
| Taxes | 450/3 | €21,796 | €13,495 | -€8,300 | -38.1% |
| Remuneration and social security | 454/9 | €2,925 | - | -€2,925 | |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Accrued charges and deferred income | 492/3 | - | €176 | +€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,426 | €10,818 | +€4,392 | +68.4% |
| Other operating charges | 640/8 | €1,692 | €837 | -€854 | -50.5% |
| Gross operating margin | 9900 | €35,853 | €40,537 | +€4,683 | +13.1% |
| Operating profit (loss) | 9901 | €27,736 | €28,881 | +€1,145 | +4.1% |
| Financial income | 75/76B | €8 | €533 | +€525 | +6,908% |
| Recurring financial income | 75 | €8 | €533 | +€525 | +6,908% |
| Financial charges | 65/66B | €677 | €324 | -€353 | -52.1% |
| Recurring financial charges | 65 | €677 | €324 | -€353 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €27,066 | €29,089 | +€2,023 | +7.5% |
| Income taxes | 67/77 | €6,421 | €6,030 | -€391 | -6.1% |
| Profit (loss) for the period | 9904 | €20,645 | €23,060 | +€2,415 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,645 | €23,060 | +€2,415 | +11.7% |
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 28 October 2026 via checked.be.