NARCOMEDI: 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.
NARCOMEDI
Largest movements
- Receivables within one year +€63,977
up €63,977 (+69.0%), from €92,787 to €156,764
- Cash +€52,822
up €52,822 (+66.6%), from €79,282 to €132,104
mainly Net result for the year (+€94,428) and Depreciation (+€17,420)
- Tangible fixed assets -€16,237
down €16,237 (-36.8%), from €44,135 to €27,898
of which Furniture and vehicles: -€15,232
- Profit (loss) carried forward +€94,428
up €94,428 (+79.0%), from €119,531 to €213,959
- Debts after one year -€14,719
down €14,719 (-31.8%), from €46,231 to €31,512
- Trade debts +€14,391
up €14,391 (+162.4%), from €8,859 to €23,250
- Tax, wage and social debts +€5,071
up €5,071 (+12.2%), from €41,603 to €46,675
- Gross operating margin +€41,262
up €41,262 (+40.7%), from €101,432 to €142,694
- Staff costs +€4,042
up €4,042 (+179.6%), from €2,250 to €6,292
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 | €219,224 | €318,602 | +€99,379 | +45.3% |
| Fixed assets | 21/28 | €47,154 | €29,734 | -€17,420 | -36.9% |
| Intangible fixed assets | 21 | €2,279 | €1,096 | -€1,183 | -51.9% |
| Tangible fixed assets | 22/27 | €44,135 | €27,898 | -€16,237 | -36.8% |
| Plant, machinery and equipment | 23 | €1,319 | €314 | -€1,005 | -76.2% |
| Furniture and vehicles | 24 | €42,816 | €27,584 | -€15,232 | -35.6% |
| Financial fixed assets | 28 | €740 | €740 | = | 0.0% |
| Current assets | 29/58 | €172,069 | €288,868 | +€116,799 | +67.9% |
| Amounts receivable within one year | 40/41 | €92,787 | €156,764 | +€63,977 | +69.0% |
| Other amounts receivable | 41 | €92,787 | €156,764 | +€63,977 | +69.0% |
| Cash at bank and in hand | 54/58 | €79,282 | €132,104 | +€52,822 | +66.6% |
| Total equity and liabilities | 10/49 | €219,224 | €318,602 | +€99,379 | +45.3% |
| Equity | 10/15 | €122,531 | €216,959 | +€94,428 | +77.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,531 | €213,959 | +€94,428 | +79.0% |
| Amounts payable | 17/49 | €96,693 | €101,644 | +€4,951 | +5.1% |
| Amounts payable after more than one year | 17 | €46,231 | €31,512 | -€14,719 | -31.8% |
| Financial debts | 170/4 | €46,231 | €31,512 | -€14,719 | -31.8% |
| Amounts payable within one year | 42/48 | €50,462 | €70,132 | +€19,670 | +39.0% |
| Trade debts | 44 | €8,859 | €23,250 | +€14,391 | +162.4% |
| Suppliers | 440/4 | €8,859 | €23,250 | +€14,391 | +162.4% |
| Taxes, remuneration and social security | 45 | €41,603 | €46,675 | +€5,071 | +12.2% |
| Taxes | 450/3 | €41,603 | €46,675 | +€5,071 | +12.2% |
| Other amounts payable | 47/48 | - | €207 | +€207 | |
| Remuneration, social security and pensions | 62 | €2,250 | €6,292 | +€4,042 | +179.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,420 | €17,420 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,463 | €1,906 | -€556 | -22.6% |
| Gross operating margin | 9900 | €101,432 | €142,694 | +€41,262 | +40.7% |
| Operating profit (loss) | 9901 | €79,299 | €117,075 | +€37,776 | +47.6% |
| Financial charges | 65/66B | €2,227 | €2,191 | -€36 | -1.6% |
| Recurring financial charges | 65 | €2,227 | €2,191 | -€36 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €77,072 | €114,885 | +€37,812 | +49.1% |
| Income taxes | 67/77 | €20,060 | €20,457 | +€397 | +2.0% |
| Profit (loss) for the period | 9904 | €57,012 | €94,428 | +€37,416 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,012 | €94,428 | +€37,416 | +65.6% |
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 30 September 2026 via checked.be.