NARSA CARE: 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.
NARSA CARE
Largest movements
- Intangible fixed assets -€25,000
down €25,000 (-22.2%), from €112,500 to €87,500
- Cash +€1,556
up €1,556 (+65.4%), from €2,378 to €3,934
mainly Depreciation (+€25,457) and Current portion of long-term debt (+€2,917)
- Reserves -€25,000
down €25,000 (-28.7%), from €87,000 to €62,000
- Current portion of long-term debt +€2,917
new in 2025: €2,917
- Tax, wage and social debts -€2,827
down €2,827 (-12.5%), from €22,692 to €19,865
- Gross operating margin -€29,113
down €29,113 (-63.9%), from €45,549 to €16,436
- Purchases and services +€17,822
up €17,822 (+36.9%), from €48,320 to €66,142
- Taxes -€8,548
down €8,548 (-98.1%), from €8,717 to €169
- Financial charges +€1,386
up €1,386 (+175%), from €792 to €2,178
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 | €115,335 | €91,491 | -€23,844 | -20.7% |
| Fixed assets | 21/28 | €112,957 | €87,557 | -€25,399 | -22.5% |
| Intangible fixed assets | 21 | €112,500 | €87,500 | -€25,000 | -22.2% |
| Tangible fixed assets | 22/27 | €457 | - | -€457 | |
| Furniture and vehicles | 24 | €457 | - | -€457 | |
| Financial fixed assets | 28 | - | €57 | +€57 | |
| Current assets | 29/58 | €2,378 | €3,934 | +€1,556 | +65.4% |
| Cash at bank and in hand | 54/58 | €2,378 | €3,934 | +€1,556 | +65.4% |
| Total equity and liabilities | 10/49 | €115,335 | €91,491 | -€23,844 | -20.7% |
| Equity | 10/15 | €92,642 | €68,120 | -€24,523 | -26.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,000 | €62,000 | -€25,000 | -28.7% |
| Distributable reserves | 133 | €87,000 | €62,000 | -€25,000 | -28.7% |
| Profit (loss) carried forward | 14 | €642 | €1,120 | +€477 | +74.3% |
| Amounts payable | 17/49 | €22,692 | €23,371 | +€679 | +3.0% |
| Amounts payable within one year | 42/48 | €22,692 | €23,371 | +€679 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,917 | +€2,917 | |
| Trade debts | 44 | - | €589 | +€589 | |
| Suppliers | 440/4 | - | €589 | +€589 | |
| Taxes, remuneration and social security | 45 | €22,692 | €19,865 | -€2,827 | -12.5% |
| Taxes | 450/3 | €22,692 | €19,865 | -€2,827 | -12.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,320 | €66,142 | +€17,822 | +36.9% |
| Remuneration, social security and pensions | 62 | - | €85 | +€85 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,483 | €25,457 | -€26 | -0.1% |
| Other operating charges | 640/8 | €1,414 | €1,034 | -€380 | -26.9% |
| Gross operating margin | 9900 | €45,549 | €16,436 | -€29,113 | -63.9% |
| Operating profit (loss) | 9901 | €18,652 | -€10,139 | -€28,791 | |
| Financial charges | 65/66B | €792 | €2,178 | +€1,386 | +175% |
| Recurring financial charges | 65 | €792 | €2,178 | +€1,386 | +175% |
| Profit (loss) for the period before taxes | 9903 | €17,860 | -€12,317 | -€30,177 | |
| Income taxes | 67/77 | €8,717 | €169 | -€8,548 | -98.1% |
| Profit (loss) for the period | 9904 | €9,143 | -€12,486 | -€21,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,143 | -€12,486 | -€21,629 |
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 19 October 2026 via checked.be.