Narato Duo: 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.
Narato Duo
Largest movements
- Intangible fixed assets +€172,174
new in 2025: €172,174
- Receivables within one year -€20,246
down €20,246 (-20.4%), from €99,060 to €78,814
- Deferred charges and accrued income -€4,770
down €4,770 (-90.9%), from €5,247 to €477
- Other debts +€499,405
up €499,405 (+361%), from €138,436 to €637,841
- Profit (loss) carried forward -€356,068
down €356,068 (-188%), from -€189,565 to -€545,633
- Trade debts +€20,508
up €20,508 (+35.5%), from €57,765 to €78,273
- Tax, wage and social debts -€20,282
down €20,282 (-52.8%), from €38,442 to €18,160
of which Remuneration and social security: -€32,142
- Staff costs -€313,206
no longer reported in 2025 (was €313,206)
- Gross operating margin -€298,284
down €298,284, from €225,272 to -€73,012
- Depreciation +€250,638
up €250,638 (+3,790%), from €6,614 to €257,252
- Turnover -€176,109
down €176,109 (-35.9%), from €490,706 to €314,597
- Purchases and services +€119,647
up €119,647 (+44.6%), from €267,985 to €387,632
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 | €112,842 | €256,291 | +€143,449 | +127% |
| Fixed assets | 21/28 | €1,792 | €172,300 | +€170,508 | +9,518% |
| Intangible fixed assets | 21 | - | €172,174 | +€172,174 | |
| Tangible fixed assets | 22/27 | €1,792 | €126 | -€1,665 | -93.0% |
| Plant, machinery and equipment | 23 | €1,792 | €126 | -€1,665 | -93.0% |
| Current assets | 29/58 | €111,050 | €83,991 | -€27,059 | -24.4% |
| Amounts receivable within one year | 40/41 | €99,060 | €78,814 | -€20,246 | -20.4% |
| Trade receivables | 40 | €99,060 | €78,814 | -€20,246 | -20.4% |
| Cash at bank and in hand | 54/58 | €6,744 | €4,700 | -€2,043 | -30.3% |
| Deferred charges and accrued income | 490/1 | €5,247 | €477 | -€4,770 | -90.9% |
| Total equity and liabilities | 10/49 | €112,842 | €256,291 | +€143,449 | +127% |
| Equity | 10/15 | -€121,915 | -€477,983 | -€356,068 | -292% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,565 | -€545,633 | -€356,068 | -188% |
| Amounts payable | 17/49 | €234,757 | €734,274 | +€499,518 | +213% |
| Amounts payable within one year | 42/48 | €234,642 | €734,274 | +€499,632 | +213% |
| Trade debts | 44 | €57,765 | €78,273 | +€20,508 | +35.5% |
| Suppliers | 440/4 | €57,765 | €78,273 | +€20,508 | +35.5% |
| Taxes, remuneration and social security | 45 | €38,442 | €18,160 | -€20,282 | -52.8% |
| Taxes | 450/3 | €5,684 | €17,545 | +€11,861 | +209% |
| Remuneration and social security | 454/9 | €32,757 | €615 | -€32,142 | -98.1% |
| Other amounts payable | 47/48 | €138,436 | €637,841 | +€499,405 | +361% |
| Accrued charges and deferred income | 492/3 | €114 | - | -€114 | |
| Turnover | 70 | €490,706 | €314,597 | -€176,109 | -35.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €267,985 | €387,632 | +€119,647 | +44.6% |
| Remuneration, social security and pensions | 62 | €313,206 | - | -€313,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,614 | €257,252 | +€250,638 | +3,790% |
| Other operating charges | 640/8 | €2,392 | €682 | -€1,710 | -71.5% |
| Gross operating margin | 9900 | €225,272 | -€73,012 | -€298,284 | |
| Operating profit (loss) | 9901 | -€96,941 | -€330,947 | -€234,006 | -241% |
| Financial charges | 65/66B | €10,829 | €25,121 | +€14,292 | +132% |
| Recurring financial charges | 65 | €10,829 | €25,121 | +€14,292 | +132% |
| Profit (loss) for the period before taxes | 9903 | -€107,770 | -€356,068 | -€248,298 | -230% |
| Income taxes | 67/77 | €896 | - | -€896 | |
| Profit (loss) for the period | 9904 | -€108,665 | -€356,068 | -€247,403 | -228% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,665 | -€356,068 | -€247,403 | -228% |
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 25 October 2026 via checked.be.