NIARCO: 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.
NIARCO
Largest movements
- Cash +€404,220
up €404,220 (+261%), from €154,681 to €558,901
mainly Current investments (+€250,000) and Net result for the year (+€154,220)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Profit (loss) carried forward +€154,220
up €154,220 (+17.1%), from €901,450 to €1.1m
- Financial income +€5,850
up €5,850 (+3.8%), from €153,119 to €158,969
- Taxes +€1,755
up €1,755 (+183%), from €960 to €2,715
- Gross operating margin +€1,731
up €1,731 (+63.5%), from -€2,728 to -€997
- Financial charges -€34
down €34 (-32.5%), from €104 to €71
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 | €9,847,600 | €10,001,820 | +€154,220 | +1.6% |
| Fixed assets | 21/28 | €9,293,000 | €9,293,000 | = | 0.0% |
| Financial fixed assets | 28 | €9,293,000 | €9,293,000 | = | 0.0% |
| Current assets | 29/58 | €554,600 | €708,820 | +€154,220 | +27.8% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €154,681 | €558,901 | +€404,220 | +261% |
| Deferred charges and accrued income | 490/1 | €149,919 | €149,919 | = | 0.0% |
| Total equity and liabilities | 10/49 | €9,847,600 | €10,001,820 | +€154,220 | +1.6% |
| Equity | 10/15 | €969,100 | €1,123,320 | +€154,220 | +15.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €901,450 | €1,055,670 | +€154,220 | +17.1% |
| Amounts payable | 17/49 | €8,878,500 | €8,878,500 | = | 0.0% |
| Amounts payable after more than one year | 17 | €8,878,500 | €8,878,500 | = | 0.0% |
| Financial debts | 170/4 | €8,878,500 | €8,878,500 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€2,728 | -€997 | +€1,731 | +63.5% |
| Operating profit (loss) | 9901 | -€3,688 | -€1,964 | +€1,724 | +46.7% |
| Financial income | 75/76B | €153,119 | €158,969 | +€5,850 | +3.8% |
| Recurring financial income | 75 | €153,119 | €158,969 | +€5,850 | +3.8% |
| Financial charges | 65/66B | €104 | €71 | -€34 | -32.5% |
| Recurring financial charges | 65 | €104 | €71 | -€34 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €149,327 | €156,935 | +€7,608 | +5.1% |
| Income taxes | 67/77 | €960 | €2,715 | +€1,755 | +183% |
| Profit (loss) for the period | 9904 | €148,367 | €154,220 | +€5,853 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €148,367 | €154,220 | +€5,853 | +3.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.