Narrato: 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.
Narrato
Largest movements
- Tangible fixed assets -€7,743
down €7,743 (-5.5%), from €141,595 to €133,852
of which Land and buildings: -€7,459
- Other debts +€13,587
up €13,587 (+52.5%), from €25,868 to €39,455
- Debts after one year -€12,838
down €12,838 (-10.1%), from €127,082 to €114,244
- Profit (loss) carried forward -€6,577
down €6,577 (-8.0%), from -€82,050 to -€88,628
- Trade debts -€2,126
down €2,126 (-87.7%), from €2,423 to €297
- Financial charges -€14,316
down €14,316 (-71.0%), from €20,168 to €5,851
- Gross operating margin +€1,250
up €1,250 (+19.5%), from €6,398 to €7,648
- Taxes -€947
down €947, from €946 to -€1
- Depreciation -€774
down €774 (-9.1%), from €8,517 to €7,743
- Other operating charges -€300
down €300 (-32.2%), from €932 to €632
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,615 | €138,942 | -€7,672 | -5.2% |
| Fixed assets | 21/28 | €141,845 | €133,852 | -€7,993 | -5.6% |
| Tangible fixed assets | 22/27 | €141,595 | €133,852 | -€7,743 | -5.5% |
| Land and buildings | 22 | €140,198 | €132,739 | -€7,459 | -5.3% |
| Furniture and vehicles | 24 | €1,397 | €1,112 | -€284 | -20.4% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €4,770 | €5,090 | +€320 | +6.7% |
| Amounts receivable within one year | 40/41 | €4,770 | €5,090 | +€320 | +6.7% |
| Other amounts receivable | 41 | €4,770 | €5,090 | +€320 | +6.7% |
| Total equity and liabilities | 10/49 | €146,615 | €138,942 | -€7,672 | -5.2% |
| Equity | 10/15 | -€58,990 | -€65,568 | -€6,577 | -11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Distributable reserves | 133 | €16,860 | €16,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,050 | -€88,628 | -€6,577 | -8.0% |
| Amounts payable | 17/49 | €205,605 | €204,510 | -€1,095 | -0.5% |
| Amounts payable after more than one year | 17 | €127,082 | €114,244 | -€12,838 | -10.1% |
| Financial debts | 170/4 | €127,082 | €114,244 | -€12,838 | -10.1% |
| Amounts payable within one year | 42/48 | €78,523 | €90,265 | +€11,743 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €44,947 | €45,443 | +€496 | +1.1% |
| Financial debts | 43 | €4,906 | €4,866 | -€40 | -0.8% |
| Credit institutions | 430/8 | €4,906 | €4,866 | -€40 | -0.8% |
| Trade debts | 44 | €2,423 | €297 | -€2,126 | -87.7% |
| Suppliers | 440/4 | €2,423 | €297 | -€2,126 | -87.7% |
| Taxes, remuneration and social security | 45 | €379 | €204 | -€175 | -46.1% |
| Taxes | 450/3 | €379 | €204 | -€175 | -46.1% |
| Other amounts payable | 47/48 | €25,868 | €39,455 | +€13,587 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,517 | €7,743 | -€774 | -9.1% |
| Other operating charges | 640/8 | €932 | €632 | -€300 | -32.2% |
| Gross operating margin | 9900 | €6,398 | €7,648 | +€1,250 | +19.5% |
| Operating profit (loss) | 9901 | -€3,051 | -€726 | +€2,325 | +76.2% |
| Financial charges | 65/66B | €20,168 | €5,851 | -€14,316 | -71.0% |
| Recurring financial charges | 65 | €20,168 | €5,851 | -€14,316 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,219 | -€6,578 | +€16,641 | +71.7% |
| Income taxes | 67/77 | €946 | -€1 | -€947 | |
| Profit (loss) for the period | 9904 | -€24,165 | -€6,577 | +€17,588 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,165 | -€6,577 | +€17,588 | +72.8% |
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 15 October 2026 via checked.be.