Niagara: 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.
Niagara
Largest movements
- Receivables within one year -€2,285
down €2,285 (-80.3%), from €2,846 to €561
of which Trade receivables: -€2,300
- Cash -€1,740
down €1,740 (-38.8%), from €4,484 to €2,744
mainly Other debts (-€2,370) and Net result for the year (-€1,941)
- Other debts -€2,370
down €2,370 (-10.4%), from €22,874 to €20,504
- Profit (loss) carried forward -€1,941
down €1,941 (-0.2%), from -€795,472 to -€797,413
- Trade debts +€286
up €286 (+2.0%), from €14,579 to €14,864
- Gross operating margin -€850
down €850 (-129.0%), from -€659 to -€1,509
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 | €19,871 | €15,845 | -€4,025 | -20.3% |
| Current assets | 29/58 | €19,871 | €15,845 | -€4,025 | -20.3% |
| Stocks and contracts in progress | 3 | €12,541 | €12,541 | = | 0.0% |
| Stocks | 30/36 | €12,541 | €12,541 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,846 | €561 | -€2,285 | -80.3% |
| Trade receivables | 40 | €2,300 | - | -€2,300 | |
| Other amounts receivable | 41 | €546 | €561 | +€15 | +2.7% |
| Cash at bank and in hand | 54/58 | €4,484 | €2,744 | -€1,740 | -38.8% |
| Total equity and liabilities | 10/49 | €19,871 | €15,845 | -€4,025 | -20.3% |
| Equity | 10/15 | -€17,582 | -€19,523 | -€1,941 | -11.0% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Capital | 10 | €743,681 | €743,681 | = | 0.0% |
| Issued capital | 100 | €743,681 | €743,681 | = | 0.0% |
| Reserves | 13 | €34,209 | €34,209 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,209 | €34,209 | = | 0.0% |
| Legal reserve | 130 | €34,209 | €34,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€795,472 | -€797,413 | -€1,941 | -0.2% |
| Amounts payable | 17/49 | €37,453 | €35,369 | -€2,084 | -5.6% |
| Amounts payable within one year | 42/48 | €37,453 | €35,369 | -€2,084 | -5.6% |
| Trade debts | 44 | €14,579 | €14,864 | +€286 | +2.0% |
| Suppliers | 440/4 | €14,579 | €14,864 | +€286 | +2.0% |
| Other amounts payable | 47/48 | €22,874 | €20,504 | -€2,370 | -10.4% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€659 | -€1,509 | -€850 | -129.0% |
| Operating profit (loss) | 9901 | -€1,043 | -€1,896 | -€853 | -81.8% |
| Financial charges | 65/66B | €40 | €45 | +€5 | +13.7% |
| Recurring financial charges | 65 | €40 | €45 | +€5 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,083 | -€1,941 | -€858 | -79.3% |
| Profit (loss) for the period | 9904 | -€1,083 | -€1,941 | -€858 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,083 | -€1,941 | -€858 | -79.3% |
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 11 October 2026 via checked.be.