NARAI: 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.
NARAI
Largest movements
- Receivables within one year +€11,261
up €11,261 (+30.3%), from €37,169 to €48,431
of which Other amounts receivable: +€11,261
- Reserves +€12,893
up €12,893 (+18.3%), from €70,304 to €83,196
of which Distributable reserves: +€12,893
- Tax, wage and social debts -€3,854
down €3,854 (-48.1%), from €8,015 to €4,161
of which Taxes: -€3,516
- Gross operating margin -€8,739
down €8,739 (-28.3%), from €30,900 to €22,161
- Taxes -€2,881
down €2,881 (-28.9%), from €9,976 to €7,094
- Staff costs -€1,468
down €1,468 (-44.0%), from €3,339 to €1,871
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 | €100,310 | €109,832 | +€9,522 | +9.5% |
| Fixed assets | 21/28 | €759 | €499 | -€260 | -34.2% |
| Tangible fixed assets | 22/27 | €759 | €499 | -€260 | -34.2% |
| Furniture and vehicles | 24 | €759 | €499 | -€260 | -34.2% |
| Current assets | 29/58 | €99,551 | €109,333 | +€9,782 | +9.8% |
| Amounts receivable after more than one year | 29 | €10,737 | €10,737 | = | 0.0% |
| Other amounts receivable | 291 | €10,737 | €10,737 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,169 | €48,431 | +€11,261 | +30.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €37,169 | €48,431 | +€11,261 | +30.3% |
| Cash at bank and in hand | 54/58 | €49,443 | €48,868 | -€574 | -1.2% |
| Deferred charges and accrued income | 490/1 | €2,202 | €1,297 | -€905 | -41.1% |
| Total equity and liabilities | 10/49 | €100,310 | €109,832 | +€9,522 | +9.5% |
| Equity | 10/15 | €90,803 | €103,695 | +€12,893 | +14.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €70,304 | €83,196 | +€12,893 | +18.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €68,444 | €81,336 | +€12,893 | +18.8% |
| Profit (loss) carried forward | 14 | €7,999 | €7,999 | = | 0.0% |
| Amounts payable | 17/49 | €9,507 | €6,136 | -€3,370 | -35.5% |
| Amounts payable within one year | 42/48 | €9,507 | €6,136 | -€3,370 | -35.5% |
| Trade debts | 44 | €1,492 | €1,976 | +€484 | +32.4% |
| Suppliers | 440/4 | €1,492 | €1,976 | +€484 | +32.4% |
| Taxes, remuneration and social security | 45 | €8,015 | €4,161 | -€3,854 | -48.1% |
| Taxes | 450/3 | €7,453 | €3,936 | -€3,516 | -47.2% |
| Remuneration and social security | 454/9 | €562 | €224 | -€338 | -60.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,339 | €1,871 | -€1,468 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20 | €260 | +€240 | +1192.5% |
| Other operating charges | 640/8 | €306 | €254 | -€52 | -16.9% |
| Gross operating margin | 9900 | €30,900 | €22,161 | -€8,739 | -28.3% |
| Operating profit (loss) | 9901 | €27,235 | €19,776 | -€7,459 | -27.4% |
| Financial income | 75/76B | €288 | €373 | +€85 | +29.6% |
| Recurring financial income | 75 | €288 | €373 | +€85 | +29.6% |
| Financial charges | 65/66B | €125 | €162 | +€38 | +30.1% |
| Recurring financial charges | 65 | €125 | €162 | +€38 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €27,399 | €19,987 | -€7,412 | -27.1% |
| Income taxes | 67/77 | €9,976 | €7,094 | -€2,881 | -28.9% |
| Profit (loss) for the period | 9904 | €17,423 | €12,893 | -€4,530 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,423 | €12,893 | -€4,530 | -26.0% |
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 9 October 2026 via checked.be.