NARANISH: what changed
Two fiscal 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.
NARANISH
Largest movements
- Cash -€23,493
down €23,493 (-81.7%), from €28,767 to €5,274
mainly Contributions, distributions and other (-€40,000) and Receivables within one year (-€6,722)
- Receivables within one year +€6,722
up €6,722 (+23.3%), from €28,848 to €35,570
- Tangible fixed assets +€2,155
up €2,155 (+37.8%), from €5,697 to €7,853
of which Furniture and vehicles: +€3,080
- Profit (loss) carried forward -€26,108
down €26,108 (-79.4%), from €32,894 to €6,785
- Trade debts +€9,521
up €9,521 (+885.0%), from €1,076 to €10,596
- Tax, wage and social debts +€2,624
up €2,624 (+4.5%), from €57,970 to €60,594
of which Remuneration and social security: +€5,766
- Staff costs +€48,113
new in 2025: €48,113
- Gross operating margin -€41,005
down €41,005 (-33.2%), from €123,521 to €82,516
- Taxes -€7,307
down €7,307 (-43.5%), from €16,802 to €9,495
- Other operating charges +€5,353
up €5,353 (+940.3%), from €569 to €5,922
- Financial charges +€3,104
up €3,104 (+678.6%), from €457 to €3,561
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 | €93,440 | €79,476 | -€13,964 | -14.9% |
| Fixed assets | 21/28 | €35,697 | €37,853 | +€2,155 | +6.0% |
| Tangible fixed assets | 22/27 | €5,697 | €7,853 | +€2,155 | +37.8% |
| Plant, machinery and equipment | 23 | €5,697 | €4,773 | -€925 | -16.2% |
| Furniture and vehicles | 24 | - | €3,080 | +€3,080 | |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €57,742 | €41,624 | -€16,119 | -27.9% |
| Amounts receivable within one year | 40/41 | €28,848 | €35,570 | +€6,722 | +23.3% |
| Other amounts receivable | 41 | €28,848 | €35,570 | +€6,722 | +23.3% |
| Cash at bank and in hand | 54/58 | €28,767 | €5,274 | -€23,493 | -81.7% |
| Deferred charges and accrued income | 490/1 | €127 | €779 | +€652 | +512.7% |
| Total equity and liabilities | 10/49 | €93,440 | €79,476 | -€13,964 | -14.9% |
| Equity | 10/15 | €34,394 | €8,285 | -€26,108 | -75.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,894 | €6,785 | -€26,108 | -79.4% |
| Amounts payable | 17/49 | €59,046 | €71,191 | +€12,144 | +20.6% |
| Amounts payable within one year | 42/48 | €59,046 | €71,191 | +€12,144 | +20.6% |
| Trade debts | 44 | €1,076 | €10,596 | +€9,521 | +885.0% |
| Suppliers | 440/4 | €1,076 | €10,596 | +€9,521 | +885.0% |
| Taxes, remuneration and social security | 45 | €57,970 | €60,594 | +€2,624 | +4.5% |
| Taxes | 450/3 | €57,970 | €54,828 | -€3,142 | -5.4% |
| Remuneration and social security | 454/9 | - | €5,766 | +€5,766 | |
| Remuneration, social security and pensions | 62 | - | €48,113 | +€48,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,929 | €1,533 | -€396 | -20.5% |
| Other operating charges | 640/8 | €569 | €5,922 | +€5,353 | +940.3% |
| Gross operating margin | 9900 | €123,521 | €82,516 | -€41,005 | -33.2% |
| Operating profit (loss) | 9901 | €121,023 | €26,948 | -€94,075 | -77.7% |
| Financial charges | 65/66B | €457 | €3,561 | +€3,104 | +678.6% |
| Recurring financial charges | 65 | €457 | €3,561 | +€3,104 | +678.6% |
| Profit (loss) for the period before taxes | 9903 | €120,565 | €23,387 | -€97,179 | -80.6% |
| Income taxes | 67/77 | €16,802 | €9,495 | -€7,307 | -43.5% |
| Profit (loss) for the period | 9904 | €103,763 | €13,892 | -€89,871 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €103,763 | €13,892 | -€89,871 | -86.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.