NARTO: 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.
NARTO
Largest movements
- Receivables within one year +€61,012
up €61,012 (+14,250%), from €428 to €61,440
- Cash +€4,176
up €4,176 (+230%), from €1,815 to €5,991
mainly Net result for the year (+€81,784) and Other debts (+€64,542)
- Deferred charges and accrued income +€1,013
up €1,013 (+31.3%), from €3,241 to €4,255
- Other debts +€64,542
up €64,542 (+374%), from €17,242 to €81,784
- Tax, wage and social debts +€1,879
up €1,879 (+1,156%), from €163 to €2,042
of which Taxes: +€1,879
- Financial income +€63,328
up €63,328 (+633%), from €10,001 to €73,328
- Gross operating margin +€5,079
up €5,079 (+60.3%), from €8,425 to €13,504
- Taxes +€1,631
up €1,631 (+57.8%), from €2,822 to €4,453
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 | €25,484 | €91,686 | +€66,201 | +260% |
| Fixed assets | 21/28 | €20,000 | €20,000 | = | 0.0% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €5,484 | €71,686 | +€66,201 | +1,207% |
| Amounts receivable within one year | 40/41 | €428 | €61,440 | +€61,012 | +14,250% |
| Other amounts receivable | 41 | €428 | €61,440 | +€61,012 | +14,250% |
| Cash at bank and in hand | 54/58 | €1,815 | €5,991 | +€4,176 | +230% |
| Deferred charges and accrued income | 490/1 | €3,241 | €4,255 | +€1,013 | +31.3% |
| Total equity and liabilities | 10/49 | €25,484 | €91,686 | +€66,201 | +260% |
| Equity | 10/15 | €7,500 | €7,500 | = | 0.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,984 | €84,186 | +€66,201 | +368% |
| Amounts payable within one year | 42/48 | €17,984 | €84,186 | +€66,201 | +368% |
| Trade debts | 44 | €580 | €361 | -€219 | -37.8% |
| Suppliers | 440/4 | €580 | €361 | -€219 | -37.8% |
| Taxes, remuneration and social security | 45 | €163 | €2,042 | +€1,879 | +1,156% |
| Taxes | 450/3 | €163 | €2,042 | +€1,879 | +1,156% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,242 | €81,784 | +€64,542 | +374% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €8,425 | €13,504 | +€5,079 | +60.3% |
| Operating profit (loss) | 9901 | €7,912 | €12,976 | +€5,064 | +64.0% |
| Financial income | 75/76B | €10,001 | €73,328 | +€63,328 | +633% |
| Recurring financial income | 75 | €10,001 | €73,328 | +€63,328 | +633% |
| Financial charges | 65/66B | €44 | €68 | +€24 | +56.1% |
| Recurring financial charges | 65 | €44 | €68 | +€24 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €17,869 | €86,236 | +€68,368 | +383% |
| Income taxes | 67/77 | €2,822 | €4,453 | +€1,631 | +57.8% |
| Profit (loss) for the period | 9904 | €15,047 | €81,784 | +€66,737 | +444% |
| Profit (loss) for the period to be appropriated | 9905 | €15,047 | €81,784 | +€66,737 | +444% |
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 17 October 2026 via checked.be.