NARVAL CONSULTING: 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.
NARVAL CONSULTING
Largest movements
- Receivables within one year -€121,684
down €121,684 (-28.6%), from €425,105 to €303,421
- Other debts -€85,000
down €85,000 (-13.4%), from €632,575 to €547,575
- Profit (loss) carried forward -€35,492
down €35,492 (-16.3%), from -€218,118 to -€253,610
- Tax, wage and social debts -€4,632
down €4,632 (-52.8%), from €8,768 to €4,135
- Financial charges +€39,674
up €39,674 (+38,002%), from €104 to €39,778
- Financial income -€10,153
down €10,153 (-60.1%), from €16,880 to €6,727
- Taxes -€8,735
no longer reported in 2025 (was €8,735)
- Gross operating margin -€1,143
down €1,143 (-144%), from -€791 to -€1,934
- Other operating charges -€302
down €302 (-37.3%), from €808 to €507
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 | €429,617 | €304,955 | -€124,662 | -29.0% |
| Current assets | 29/58 | €429,617 | €304,955 | -€124,662 | -29.0% |
| Amounts receivable within one year | 40/41 | €425,105 | €303,421 | -€121,684 | -28.6% |
| Other amounts receivable | 41 | €425,105 | €303,421 | -€121,684 | -28.6% |
| Cash at bank and in hand | 54/58 | €4,512 | €1,534 | -€2,978 | -66.0% |
| Total equity and liabilities | 10/49 | €429,617 | €304,955 | -€124,662 | -29.0% |
| Equity | 10/15 | -€211,918 | -€247,410 | -€35,492 | -16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | -€218,118 | -€253,610 | -€35,492 | -16.3% |
| Amounts payable | 17/49 | €641,535 | €552,365 | -€89,171 | -13.9% |
| Amounts payable within one year | 42/48 | €641,535 | €552,365 | -€89,171 | -13.9% |
| Trade debts | 44 | €193 | €654 | +€461 | +239% |
| Suppliers | 440/4 | €193 | €654 | +€461 | +239% |
| Taxes, remuneration and social security | 45 | €8,768 | €4,135 | -€4,632 | -52.8% |
| Taxes | 450/3 | €8,768 | €4,135 | -€4,632 | -52.8% |
| Other amounts payable | 47/48 | €632,575 | €547,575 | -€85,000 | -13.4% |
| Other operating charges | 640/8 | €808 | €507 | -€302 | -37.3% |
| Gross operating margin | 9900 | -€791 | -€1,934 | -€1,143 | -144% |
| Operating profit (loss) | 9901 | -€1,600 | -€2,441 | -€842 | -52.6% |
| Financial income | 75/76B | €16,880 | €6,727 | -€10,153 | -60.1% |
| Recurring financial income | 75 | €16,880 | €6,727 | -€10,153 | -60.1% |
| Financial charges | 65/66B | €104 | €39,778 | +€39,674 | +38,002% |
| Recurring financial charges | 65 | €104 | €39,778 | +€39,674 | +38,002% |
| Profit (loss) for the period before taxes | 9903 | €15,176 | -€35,492 | -€50,668 | |
| Income taxes | 67/77 | €8,735 | - | -€8,735 | |
| Profit (loss) for the period | 9904 | €6,441 | -€35,492 | -€41,932 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,441 | -€35,492 | -€41,932 |
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 14 October 2026 via checked.be.