NARCISSIK: 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.
NARCISSIK
Largest movements
- Tangible fixed assets -€22,780
down €22,780 (-5.1%), from €450,634 to €427,854
of which Land and buildings: -€19,527
- Cash +€5,830
up €5,830 (+907%), from €643 to €6,473
mainly Depreciation (+€22,780) and Other debts (+€19,379)
- Other debts +€19,379
up €19,379 (+23.5%), from €82,350 to €101,730
- Profit (loss) carried forward -€18,330
down €18,330 (-4.0%), from -€461,234 to -€479,564
- Debts after one year -€17,568
down €17,568 (-5.6%), from €315,061 to €297,494
- Gross operating margin -€9,291
down €9,291 (-31.1%), from €29,843 to €20,552
- Financial charges -€4,592
down €4,592 (-25.7%), from €17,837 to €13,244
- Other operating charges -€529
down €529 (-14.3%), from €3,690 to €3,161
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 | €461,359 | €444,512 | -€16,847 | -3.7% |
| Fixed assets | 21/28 | €451,439 | €428,659 | -€22,780 | -5.0% |
| Tangible fixed assets | 22/27 | €450,634 | €427,854 | -€22,780 | -5.1% |
| Land and buildings | 22 | €446,253 | €426,726 | -€19,527 | -4.4% |
| Plant, machinery and equipment | 23 | €4,382 | €1,128 | -€3,253 | -74.3% |
| Financial fixed assets | 28 | €805 | €805 | = | 0.0% |
| Current assets | 29/58 | €9,920 | €15,853 | +€5,933 | +59.8% |
| Stocks and contracts in progress | 3 | €1,799 | €1,502 | -€297 | -16.5% |
| Stocks | 30/36 | €1,799 | €1,502 | -€297 | -16.5% |
| Amounts receivable within one year | 40/41 | €7,478 | €7,878 | +€400 | +5.3% |
| Trade receivables | 40 | €6,654 | €7,043 | +€389 | +5.9% |
| Other amounts receivable | 41 | €824 | €835 | +€11 | +1.3% |
| Cash at bank and in hand | 54/58 | €643 | €6,473 | +€5,830 | +907% |
| Total equity and liabilities | 10/49 | €461,359 | €444,512 | -€16,847 | -3.7% |
| Equity | 10/15 | €13,255 | -€5,075 | -€18,330 | |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Revaluation surpluses | 12 | €395,889 | €395,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€461,234 | -€479,564 | -€18,330 | -4.0% |
| Amounts payable | 17/49 | €448,104 | €449,587 | +€1,483 | +0.3% |
| Amounts payable after more than one year | 17 | €315,061 | €297,494 | -€17,568 | -5.6% |
| Financial debts | 170/4 | €315,061 | €297,494 | -€17,568 | -5.6% |
| Amounts payable within one year | 42/48 | €133,043 | €152,093 | +€19,050 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €16,939 | €17,568 | +€629 | +3.7% |
| Financial debts | 43 | - | €92 | +€92 | |
| Credit institutions | 430/8 | - | €92 | +€92 | |
| Trade debts | 44 | €19,139 | €20,704 | +€1,564 | +8.2% |
| Suppliers | 440/4 | €19,139 | €20,704 | +€1,564 | +8.2% |
| Taxes, remuneration and social security | 45 | €14,614 | €12,001 | -€2,613 | -17.9% |
| Taxes | 450/3 | €14,614 | €12,001 | -€2,613 | -17.9% |
| Other amounts payable | 47/48 | €82,350 | €101,730 | +€19,379 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,767 | €22,780 | +€13 | +0.1% |
| Other operating charges | 640/8 | €3,690 | €3,161 | -€529 | -14.3% |
| Gross operating margin | 9900 | €29,843 | €20,552 | -€9,291 | -31.1% |
| Operating profit (loss) | 9901 | €3,386 | -€5,389 | -€8,775 | |
| Financial income | 75/76B | €9 | €121 | +€112 | +1,233% |
| Recurring financial income | 75 | €9 | €121 | +€112 | +1,233% |
| Financial charges | 65/66B | €17,837 | €13,244 | -€4,592 | -25.7% |
| Recurring financial charges | 65 | €17,837 | €13,244 | -€4,592 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,442 | -€18,512 | -€4,070 | -28.2% |
| Income taxes | 67/77 | -€2 | -€182 | -€181 | -10,443% |
| Profit (loss) for the period | 9904 | -€14,440 | -€18,330 | -€3,890 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,440 | -€18,330 | -€3,890 | -26.9% |
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 27 October 2026 via checked.be.