Narras: 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.
Narras
Largest movements
- Tangible fixed assets +€28,100
up €28,100 (+2270.5%), from €1,238 to €29,337
- Receivables within one year -€7,506
down €7,506 (-72.3%), from €10,384 to €2,878
of which Trade receivables: -€6,324
- Cash +€1,589
up €1,589 (+9.8%), from €16,179 to €17,767
mainly Debts after one year (+€20,296) and Receivables within one year (+€7,506)
- Debts after one year +€20,296
new in 2025: €20,296
- Tax, wage and social debts -€5,554
down €5,554 (-90.1%), from €6,161 to €607
- Current portion of long-term debt +€4,482
new in 2025: €4,482
- Reserves +€4,182
up €4,182 (+23.6%), from €17,686 to €21,868
- Trade debts -€2,136
down €2,136 (-85.8%), from €2,489 to €352
- Gross operating margin -€5,388
down €5,388 (-27.9%), from €19,302 to €13,914
- Taxes -€1,342
down €1,342 (-28.3%), from €4,747 to €3,405
- Depreciation +€893
up €893 (+28.4%), from €3,142 to €4,035
- Financial charges +€546
up €546 (+512.7%), from €107 to €653
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 | €29,335 | €50,855 | +€21,519 | +73.4% |
| Formation expenses | 20 | €343 | €107 | -€236 | -68.7% |
| Fixed assets | 21/28 | €1,238 | €29,337 | +€28,100 | +2270.5% |
| Tangible fixed assets | 22/27 | €1,238 | €29,337 | +€28,100 | +2270.5% |
| Furniture and vehicles | 24 | €1,238 | €29,337 | +€28,100 | +2270.5% |
| Current assets | 29/58 | €27,755 | €21,410 | -€6,345 | -22.9% |
| Stocks and contracts in progress | 3 | €488 | €201 | -€287 | -58.8% |
| Stocks | 30/36 | €488 | €201 | -€287 | -58.8% |
| Amounts receivable within one year | 40/41 | €10,384 | €2,878 | -€7,506 | -72.3% |
| Trade receivables | 40 | €7,607 | €1,283 | -€6,324 | -83.1% |
| Other amounts receivable | 41 | €2,777 | €1,595 | -€1,182 | -42.6% |
| Cash at bank and in hand | 54/58 | €16,179 | €17,767 | +€1,589 | +9.8% |
| Deferred charges and accrued income | 490/1 | €705 | €564 | -€141 | -20.0% |
| Total equity and liabilities | 10/49 | €29,335 | €50,855 | +€21,519 | +73.4% |
| Equity | 10/15 | €20,686 | €24,868 | +€4,182 | +20.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,686 | €21,868 | +€4,182 | +23.6% |
| Distributable reserves | 133 | €17,686 | €21,868 | +€4,182 | +23.6% |
| Amounts payable | 17/49 | €8,649 | €25,987 | +€17,337 | +200.4% |
| Amounts payable after more than one year | 17 | - | €20,296 | +€20,296 | |
| Financial debts | 170/4 | - | €20,296 | +€20,296 | |
| Amounts payable within one year | 42/48 | €8,649 | €5,691 | -€2,958 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,482 | +€4,482 | |
| Trade debts | 44 | €2,489 | €352 | -€2,136 | -85.8% |
| Suppliers | 440/4 | €2,489 | €352 | -€2,136 | -85.8% |
| Taxes, remuneration and social security | 45 | €6,161 | €607 | -€5,554 | -90.1% |
| Taxes | 450/3 | €6,161 | €607 | -€5,554 | -90.1% |
| Other amounts payable | 47/48 | - | €249 | +€249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,142 | €4,035 | +€893 | +28.4% |
| Other operating charges | 640/8 | €1,820 | €1,645 | -€175 | -9.6% |
| Gross operating margin | 9900 | €19,302 | €13,914 | -€5,388 | -27.9% |
| Operating profit (loss) | 9901 | €14,340 | €8,235 | -€6,106 | -42.6% |
| Financial income | 75/76B | €157 | €5 | -€152 | -96.8% |
| Recurring financial income | 75 | €157 | €5 | -€152 | -96.8% |
| Financial charges | 65/66B | €107 | €653 | +€546 | +512.7% |
| Recurring financial charges | 65 | €107 | €653 | +€546 | +512.7% |
| Profit (loss) for the period before taxes | 9903 | €14,391 | €7,587 | -€6,804 | -47.3% |
| Income taxes | 67/77 | €4,747 | €3,405 | -€1,342 | -28.3% |
| Profit (loss) for the period | 9904 | €9,644 | €4,182 | -€5,462 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,644 | €4,182 | -€5,462 | -56.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.