NARA: 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.
NARA
Largest movements
- Tangible fixed assets -€37,563
down €37,563 (-4.4%), from €845,184 to €807,621
of which Land and buildings: -€35,998
- Debts after one year -€62,828
down €62,828 (-7.6%), from €832,043 to €769,215
of which Financial debts: -€40,385
- Tax, wage and social debts -€19,306
down €19,306 (-31.0%), from €62,192 to €42,886
of which Remuneration and social security: -€14,653
- Profit (loss) carried forward +€19,265
up €19,265 (+48.3%), from -€39,910 to -€20,645
- Short-term financial debts +€16,879
new in 2024: €16,879
- Depreciation -€26,880
down €26,880 (-38.6%), from €69,651 to €42,771
- Staff costs +€14,863
up €14,863 (+5.9%), from €253,418 to €268,281
- Gross operating margin -€12,194
down €12,194 (-3.0%), from €399,964 to €387,770
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,008,383 | €969,567 | -€38,816 | -3.8% |
| Fixed assets | 21/28 | €846,924 | €809,761 | -€37,163 | -4.4% |
| Tangible fixed assets | 22/27 | €845,184 | €807,621 | -€37,563 | -4.4% |
| Land and buildings | 22 | €839,684 | €803,686 | -€35,998 | -4.3% |
| Plant, machinery and equipment | 23 | €4,656 | €2,448 | -€2,208 | -47.4% |
| Furniture and vehicles | 24 | €844 | €1,487 | +€643 | +76.1% |
| Financial fixed assets | 28 | €1,740 | €2,140 | +€400 | +23.0% |
| Current assets | 29/58 | €161,459 | €159,806 | -€1,653 | -1.0% |
| Stocks and contracts in progress | 3 | €121,689 | €119,914 | -€1,775 | -1.5% |
| Stocks | 30/36 | €121,689 | €119,914 | -€1,775 | -1.5% |
| Amounts receivable within one year | 40/41 | €26,365 | €26,346 | -€19 | -0.1% |
| Trade receivables | 40 | €26,365 | €26,346 | -€19 | -0.1% |
| Cash at bank and in hand | 54/58 | €10,314 | €13,546 | +€3,232 | +31.3% |
| Deferred charges and accrued income | 490/1 | €3,091 | - | -€3,091 | |
| Total equity and liabilities | 10/49 | €1,008,383 | €969,567 | -€38,816 | -3.8% |
| Equity | 10/15 | €29,436 | €48,702 | +€19,265 | +65.4% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €41,847 | €41,847 | = | 0.0% |
| Distributable reserves | 133 | €41,847 | €41,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,910 | -€20,645 | +€19,265 | +48.3% |
| Amounts payable | 17/49 | €978,946 | €920,866 | -€58,081 | -5.9% |
| Amounts payable after more than one year | 17 | €832,043 | €769,215 | -€62,828 | -7.6% |
| Financial debts | 170/4 | €684,843 | €644,458 | -€40,385 | -5.9% |
| Other amounts payable | 178/9 | €147,201 | €124,758 | -€22,443 | -15.2% |
| Amounts payable within one year | 42/48 | €146,903 | €151,650 | +€4,747 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €42,983 | €40,387 | -€2,596 | -6.0% |
| Financial debts | 43 | - | €16,879 | +€16,879 | |
| Credit institutions | 430/8 | - | €16,879 | +€16,879 | |
| Trade debts | 44 | €40,609 | €50,490 | +€9,882 | +24.3% |
| Suppliers | 440/4 | €40,609 | €50,490 | +€9,882 | +24.3% |
| Advances received on contracts in progress | 46 | - | €1,008 | +€1,008 | |
| Taxes, remuneration and social security | 45 | €62,192 | €42,886 | -€19,306 | -31.0% |
| Taxes | 450/3 | €18,179 | €13,526 | -€4,653 | -25.6% |
| Remuneration and social security | 454/9 | €44,013 | €29,360 | -€14,653 | -33.3% |
| Other amounts payable | 47/48 | €1,120 | - | -€1,120 | |
| Remuneration, social security and pensions | 62 | €253,418 | €268,281 | +€14,863 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,651 | €42,771 | -€26,880 | -38.6% |
| Other operating charges | 640/8 | €9,835 | €11,218 | +€1,384 | +14.1% |
| Gross operating margin | 9900 | €399,964 | €387,770 | -€12,194 | -3.0% |
| Operating profit (loss) | 9901 | €67,061 | €65,500 | -€1,561 | -2.3% |
| Financial income | 75/76B | €100 | - | -€100 | |
| Recurring financial income | 75 | €100 | - | -€100 | |
| Financial charges | 65/66B | €44,737 | €43,567 | -€1,170 | -2.6% |
| Recurring financial charges | 65 | €44,737 | €43,567 | -€1,170 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €22,423 | €21,933 | -€491 | -2.2% |
| Income taxes | 67/77 | - | €2,667 | +€2,667 | |
| Profit (loss) for the period | 9904 | €22,423 | €19,265 | -€3,158 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,423 | €19,265 | -€3,158 | -14.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.