NARCIRIS: 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.
NARCIRIS
Largest movements
- Tangible fixed assets -€27,969
down €27,969 (-6.0%), from €469,465 to €441,497
of which Land and buildings: -€17,544
- Reserves -€29,344
down €29,344 (-3.7%), from €788,203 to €758,859
of which Distributable reserves: -€26,732
- Trade debts +€9,010
up €9,010 (+821.7%), from €1,097 to €10,107
- Gross operating margin -€1,794
down €1,794 (-46.1%), from €3,893 to €2,099
- Other operating charges +€166
up €166 (+2.3%), from €7,288 to €7,453
- Financial income +€119
up €119 (+4.3%), from €2,775 to €2,894
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 | €866,730 | €846,771 | -€19,959 | -2.3% |
| Fixed assets | 21/28 | €469,465 | €441,497 | -€27,969 | -6.0% |
| Tangible fixed assets | 22/27 | €469,465 | €441,497 | -€27,969 | -6.0% |
| Land and buildings | 22 | €279,075 | €261,531 | -€17,544 | -6.3% |
| Other tangible fixed assets | 26 | €190,390 | €179,965 | -€10,425 | -5.5% |
| Current assets | 29/58 | €397,265 | €405,275 | +€8,010 | +2.0% |
| Amounts receivable within one year | 40/41 | €106,629 | €110,501 | +€3,872 | +3.6% |
| Other amounts receivable | 41 | €106,629 | €110,501 | +€3,872 | +3.6% |
| Cash at bank and in hand | 54/58 | €288,930 | €293,114 | +€4,184 | +1.4% |
| Deferred charges and accrued income | 490/1 | €1,706 | €1,660 | -€46 | -2.7% |
| Total equity and liabilities | 10/49 | €866,730 | €846,771 | -€19,959 | -2.3% |
| Equity | 10/15 | €844,471 | €815,127 | -€29,344 | -3.5% |
| Contributions | 10/11 | €56,268 | €56,268 | = | 0.0% |
| Reserves | 13 | €788,203 | €758,859 | -€29,344 | -3.7% |
| Non-distributable reserves | 130/1 | €33,390 | €33,390 | = | 0.0% |
| Reserves not available under the articles | 1311 | €33,390 | €33,390 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,989 | €33,377 | -€2,612 | -7.3% |
| Distributable reserves | 133 | €718,823 | €692,092 | -€26,732 | -3.7% |
| Provisions and deferred taxes | 16 | €18,532 | €17,187 | -€1,345 | -7.3% |
| Deferred taxes | 168 | €18,532 | €17,187 | -€1,345 | -7.3% |
| Amounts payable | 17/49 | €3,727 | €14,457 | +€10,730 | +287.9% |
| Amounts payable within one year | 42/48 | €1,307 | €10,533 | +€9,225 | +705.6% |
| Trade debts | 44 | €1,097 | €10,107 | +€9,010 | +821.7% |
| Suppliers | 440/4 | €1,097 | €10,107 | +€9,010 | +821.7% |
| Taxes, remuneration and social security | 45 | €211 | €426 | +€215 | +102.0% |
| Taxes | 450/3 | €211 | €426 | +€215 | +102.0% |
| Accrued charges and deferred income | 492/3 | €2,420 | €3,925 | +€1,505 | +62.2% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,969 | €27,969 | +€0 | 0.0% |
| Other operating charges | 640/8 | €7,288 | €7,453 | +€166 | +2.3% |
| Gross operating margin | 9900 | €3,893 | €2,099 | -€1,794 | -46.1% |
| Operating profit (loss) | 9901 | -€31,364 | -€33,323 | -€1,960 | -6.2% |
| Financial income | 75/76B | €2,775 | €2,894 | +€119 | +4.3% |
| Recurring financial income | 75 | €2,775 | €2,894 | +€119 | +4.3% |
| Financial charges | 65/66B | €48 | €44 | -€4 | -7.8% |
| Recurring financial charges | 65 | €48 | €44 | -€4 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,637 | -€30,474 | -€1,837 | -6.4% |
| Transfer from deferred taxes | 780 | €1,345 | €1,345 | = | 0.0% |
| Income taxes | 67/77 | €211 | €215 | +€4 | +2.0% |
| Profit (loss) for the period | 9904 | -€27,503 | -€29,344 | -€1,841 | -6.7% |
| Transfer from tax-exempt reserves | 789 | €2,612 | €2,612 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,891 | -€26,732 | -€1,841 | -7.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.