NAR Company: 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.
NAR Company
Largest movements
- Intangible fixed assets -€15,500
down €15,500 (-11.9%), from €129,975 to €114,475
- Cash +€4,668
up €4,668 (+227%), from €2,057 to €6,724
mainly Other debts (+€25,080) and Depreciation (+€15,500)
- Profit (loss) carried forward -€29,951
down €29,951 (-52.9%), from -€56,583 to -€86,534
- Other debts +€25,080
up €25,080 (+55.7%), from €45,003 to €70,083
- Debts after one year -€19,593
down €19,593 (-19.8%), from €99,159 to €79,565
- Trade debts +€11,081
up €11,081 (+62.9%), from €17,604 to €28,685
- Tax, wage and social debts +€1,939
up €1,939 (+25.0%), from €7,747 to €9,686
- Gross operating margin +€8,258
up €8,258 (+82.8%), from -€9,969 to -€1,712
- Other operating charges +€858
up €858 (+41.6%), from €2,062 to €2,920
- Financial charges +€504
up €504 (+5.4%), from €9,315 to €9,819
of which Financial charges: +€504
- Financial income -€202
down €202 (-100%), from €202 to €0
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 | €135,690 | €125,579 | -€10,111 | -7.5% |
| Fixed assets | 21/28 | €133,375 | €117,875 | -€15,500 | -11.6% |
| Intangible fixed assets | 21 | €129,975 | €114,475 | -€15,500 | -11.9% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €2,314 | €7,703 | +€5,389 | +233% |
| Amounts receivable within one year | 40/41 | €72 | €979 | +€907 | +1,255% |
| Trade receivables | 40 | €72 | €979 | +€907 | +1,255% |
| Cash at bank and in hand | 54/58 | €2,057 | €6,724 | +€4,668 | +227% |
| Deferred charges and accrued income | 490/1 | €186 | €0 | -€186 | -100% |
| Total equity and liabilities | 10/49 | €135,690 | €125,579 | -€10,111 | -7.5% |
| Equity | 10/15 | -€52,083 | -€82,034 | -€29,951 | -57.5% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,583 | -€86,534 | -€29,951 | -52.9% |
| Amounts payable | 17/49 | €187,773 | €207,613 | +€19,840 | +10.6% |
| Amounts payable after more than one year | 17 | €99,159 | €79,565 | -€19,593 | -19.8% |
| Financial debts | 170/4 | €99,159 | €79,565 | -€19,593 | -19.8% |
| Amounts payable within one year | 42/48 | €88,614 | €128,048 | +€39,433 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €18,260 | €19,593 | +€1,333 | +7.3% |
| Trade debts | 44 | €17,604 | €28,685 | +€11,081 | +62.9% |
| Suppliers | 440/4 | €17,604 | €28,685 | +€11,081 | +62.9% |
| Taxes, remuneration and social security | 45 | €7,747 | €9,686 | +€1,939 | +25.0% |
| Taxes | 450/3 | €7,747 | €9,686 | +€1,939 | +25.0% |
| Other amounts payable | 47/48 | €45,003 | €70,083 | +€25,080 | +55.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,500 | €15,500 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,062 | €2,920 | +€858 | +41.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€9,969 | -€1,712 | +€8,258 | +82.8% |
| Operating profit (loss) | 9901 | -€27,531 | -€20,132 | +€7,399 | +26.9% |
| Financial income | 75/76B | €202 | €0 | -€202 | -100% |
| Recurring financial income | 75 | €202 | €0 | -€202 | -100% |
| Financial charges | 65/66B | €9,315 | €9,819 | +€504 | +5.4% |
| Recurring financial charges | 65 | €9,315 | €9,819 | +€504 | +5.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€36,644 | -€29,951 | +€6,693 | +18.3% |
| Profit (loss) for the period | 9904 | -€36,644 | -€29,951 | +€6,693 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,644 | -€29,951 | +€6,693 | +18.3% |
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 27 October 2026 via checked.be.