Naratilo: 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.
Naratilo
Largest movements
- Tangible fixed assets +€20,702
up €20,702 (+9.1%), from €228,523 to €249,226
- Receivables within one year -€14,168
down €14,168 (-15.8%), from €89,722 to €75,554
of which Trade receivables: -€17,913
- Cash +€4,755
new in 2025: €4,755
mainly Depreciation (+€33,325) and Receivables within one year (+€14,168)
- Debts after one year -€19,981
down €19,981 (-10.8%), from €185,560 to €165,579
- Reserves +€12,377
up €12,377 (+37.2%), from €33,252 to €45,629
of which Distributable reserves: +€12,377
- Tax, wage and social debts +€10,314
up €10,314 (+86.5%), from €11,918 to €22,232
of which Taxes: +€6,841
- Trade debts +€8,045
up €8,045 (+229.4%), from €3,507 to €11,553
- Other debts -€5,100
down €5,100 (-16.7%), from €30,557 to €25,457
- Gross operating margin +€33,209
up €33,209 (+32.6%), from €101,855 to €135,065
- Depreciation +€18,043
up €18,043 (+118.1%), from €15,281 to €33,325
- Financial charges +€6,634
up €6,634 (+78.6%), from €8,442 to €15,076
- Staff costs +€4,122
up €4,122 (+6.3%), from €65,816 to €69,939
- Taxes +€3,887
up €3,887 (+300.3%), from €1,295 to €5,182
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 | €321,657 | €330,737 | +€9,080 | +2.8% |
| Fixed assets | 21/28 | €228,523 | €249,226 | +€20,702 | +9.1% |
| Tangible fixed assets | 22/27 | €228,523 | €249,226 | +€20,702 | +9.1% |
| Plant, machinery and equipment | 23 | €228,523 | €249,226 | +€20,702 | +9.1% |
| Current assets | 29/58 | €93,134 | €81,512 | -€11,622 | -12.5% |
| Amounts receivable within one year | 40/41 | €89,722 | €75,554 | -€14,168 | -15.8% |
| Trade receivables | 40 | €23,182 | €5,269 | -€17,913 | -77.3% |
| Other amounts receivable | 41 | €66,540 | €70,285 | +€3,745 | +5.6% |
| Current investments | 50/53 | €624 | - | -€624 | |
| Cash at bank and in hand | 54/58 | - | €4,755 | +€4,755 | |
| Deferred charges and accrued income | 490/1 | €2,787 | €1,202 | -€1,585 | -56.9% |
| Total equity and liabilities | 10/49 | €321,657 | €330,737 | +€9,080 | +2.8% |
| Equity | 10/15 | €55,661 | €68,038 | +€12,377 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,252 | €45,629 | +€12,377 | +37.2% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Distributable reserves | 133 | €12,202 | €24,579 | +€12,377 | +101.4% |
| Profit (loss) carried forward | 14 | €3,809 | €3,809 | = | 0.0% |
| Amounts payable | 17/49 | €265,996 | €262,700 | -€3,297 | -1.2% |
| Amounts payable after more than one year | 17 | €185,560 | €165,579 | -€19,981 | -10.8% |
| Financial debts | 170/4 | €185,560 | €165,579 | -€19,981 | -10.8% |
| Amounts payable within one year | 42/48 | €80,436 | €97,121 | +€16,684 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €34,455 | €36,531 | +€2,076 | +6.0% |
| Financial debts | 43 | - | €1,348 | +€1,348 | |
| Credit institutions | 430/8 | - | €1,348 | +€1,348 | |
| Trade debts | 44 | €3,507 | €11,553 | +€8,045 | +229.4% |
| Suppliers | 440/4 | €3,507 | €11,553 | +€8,045 | +229.4% |
| Taxes, remuneration and social security | 45 | €11,918 | €22,232 | +€10,314 | +86.5% |
| Taxes | 450/3 | €1,471 | €8,313 | +€6,841 | +465.0% |
| Remuneration and social security | 454/9 | €10,446 | €13,919 | +€3,473 | +33.2% |
| Other amounts payable | 47/48 | €30,557 | €25,457 | -€5,100 | -16.7% |
| Non-recurring operating income | 76A | €522 | - | -€522 | |
| Remuneration, social security and pensions | 62 | €65,816 | €69,939 | +€4,122 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,281 | €33,325 | +€18,043 | +118.1% |
| Other operating charges | 640/8 | €723 | €630 | -€93 | -12.8% |
| Non-recurring operating charges | 66A | €784 | €0 | -€784 | -100.0% |
| Gross operating margin | 9900 | €101,855 | €135,065 | +€33,209 | +32.6% |
| Operating profit (loss) | 9901 | €19,251 | €31,171 | +€11,920 | +61.9% |
| Financial income | 75/76B | €827 | €1,464 | +€637 | +77.0% |
| Recurring financial income | 75 | €827 | €1,464 | +€637 | +77.0% |
| Financial charges | 65/66B | €8,442 | €15,076 | +€6,634 | +78.6% |
| Recurring financial charges | 65 | €8,442 | €15,076 | +€6,634 | +78.6% |
| Profit (loss) for the period before taxes | 9903 | €11,636 | €17,559 | +€5,922 | +50.9% |
| Income taxes | 67/77 | €1,295 | €5,182 | +€3,887 | +300.3% |
| Profit (loss) for the period | 9904 | €10,342 | €12,377 | +€2,035 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,342 | €12,377 | +€2,035 | +19.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.