NAROL: 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.
NAROL
Largest movements
- Receivables within one year -€150,912
down €150,912 (-67.5%), from €223,496 to €72,584
of which Trade receivables: -€140,911
- Tangible fixed assets -€9,053
down €9,053 (-91.2%), from €9,922 to €869
of which Furniture and vehicles: -€8,598
- Other debts -€130,460
down €130,460 (-55.0%), from €237,331 to €106,871
- Profit (loss) carried forward -€18,521
down €18,521 (-19.7%), from -€94,193 to -€112,714
- Tax, wage and social debts -€13,717
down €13,717 (-80.8%), from €16,983 to €3,266
of which Taxes: -€13,527
- Accrued charges and deferred income +€6,227
up €6,227 (+164.1%), from €3,796 to €10,023
- Gross operating margin +€22,170
up €22,170 (+86.2%), from -€25,721 to -€3,551
- Depreciation -€6,918
down €6,918 (-43.3%), from €15,970 to €9,053
- Financial income +€2,412
up €2,412 (+64495.2%), from €4 to €2,416
- Financial charges +€696
up €696 (+9.3%), from €7,478 to €8,174
- Other operating charges -€490
down €490 (-75.5%), from €648 to €159
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 | €238,603 | €80,343 | -€158,259 | -66.3% |
| Fixed assets | 21/28 | €9,922 | €869 | -€9,053 | -91.2% |
| Tangible fixed assets | 22/27 | €9,922 | €869 | -€9,053 | -91.2% |
| Plant, machinery and equipment | 23 | €455 | €0 | -€455 | -100.0% |
| Furniture and vehicles | 24 | €9,467 | €869 | -€8,598 | -90.8% |
| Current assets | 29/58 | €228,681 | €79,474 | -€149,207 | -65.2% |
| Amounts receivable within one year | 40/41 | €223,496 | €72,584 | -€150,912 | -67.5% |
| Trade receivables | 40 | €207,914 | €67,003 | -€140,911 | -67.8% |
| Other amounts receivable | 41 | €15,582 | €5,581 | -€10,001 | -64.2% |
| Cash at bank and in hand | 54/58 | €4,707 | €4,839 | +€131 | +2.8% |
| Deferred charges and accrued income | 490/1 | €478 | €2,051 | +€1,574 | +329.5% |
| Total equity and liabilities | 10/49 | €238,603 | €80,343 | -€158,259 | -66.3% |
| Equity | 10/15 | -€31,448 | -€49,969 | -€18,521 | -58.9% |
| 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 | €1,245 | €1,245 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,245 | €1,245 | = | 0.0% |
| Legal reserve | 130 | €1,245 | €1,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,193 | -€112,714 | -€18,521 | -19.7% |
| Amounts payable | 17/49 | €270,051 | €130,312 | -€139,739 | -51.7% |
| Amounts payable within one year | 42/48 | €266,255 | €120,289 | -€145,966 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,941 | €10,153 | -€1,788 | -15.0% |
| Suppliers | 440/4 | €11,941 | €10,153 | -€1,788 | -15.0% |
| Taxes, remuneration and social security | 45 | €16,983 | €3,266 | -€13,717 | -80.8% |
| Taxes | 450/3 | €16,793 | €3,266 | -€13,527 | -80.6% |
| Remuneration and social security | 454/9 | €190 | - | -€190 | |
| Other amounts payable | 47/48 | €237,331 | €106,871 | -€130,460 | -55.0% |
| Accrued charges and deferred income | 492/3 | €3,796 | €10,023 | +€6,227 | +164.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,970 | €9,053 | -€6,918 | -43.3% |
| Other operating charges | 640/8 | €648 | €159 | -€490 | -75.5% |
| Gross operating margin | 9900 | -€25,721 | -€3,551 | +€22,170 | +86.2% |
| Operating profit (loss) | 9901 | -€42,340 | -€12,763 | +€29,577 | +69.9% |
| Financial income | 75/76B | €4 | €2,416 | +€2,412 | +64495.2% |
| Recurring financial income | 75 | €4 | €2,416 | +€2,412 | +64495.2% |
| Financial charges | 65/66B | €7,478 | €8,174 | +€696 | +9.3% |
| Recurring financial charges | 65 | €7,478 | €8,174 | +€696 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,814 | -€18,521 | +€31,293 | +62.8% |
| Income taxes | 67/77 | €219 | €0 | -€219 | -100.0% |
| Profit (loss) for the period | 9904 | -€50,032 | -€18,521 | +€31,511 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,032 | -€18,521 | +€31,511 | +63.0% |
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 1 October 2026 via checked.be.