Niarto: 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.
Niarto
Largest movements
- Receivables within one year +€27,715
up €27,715 (+224%), from €12,396 to €40,111
of which Trade receivables: +€23,085
- Current investments -€15,645
down €15,645 (-8.0%), from €196,404 to €180,759
- Tangible fixed assets -€3,597
down €3,597 (-42.8%), from €8,399 to €4,802
of which Furniture and vehicles: -€2,566
- Reserves -€40,729
down €40,729 (-18.1%), from €224,899 to €184,170
of which Distributable reserves: -€40,729
- Other debts +€36,732
up €36,732 (+71.7%), from €51,214 to €87,946
- Tax, wage and social debts +€8,630
up €8,630 (+975%), from €885 to €9,515
- Financial income -€51,731
down €51,731 (-95.1%), from €54,374 to €2,643
- Gross operating margin +€24,459
up €24,459 (+45.4%), from €53,831 to €78,290
- Financial charges +€19,015
up €19,015 (+8,672%), from €219 to €19,235
- Taxes -€9,310
down €9,310 (-36.9%), from €25,222 to €15,912
- Depreciation -€1,010
down €1,010 (-21.9%), from €4,607 to €3,597
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 | €283,848 | €292,432 | +€8,583 | +3.0% |
| Fixed assets | 21/28 | €8,399 | €4,802 | -€3,597 | -42.8% |
| Tangible fixed assets | 22/27 | €8,399 | €4,802 | -€3,597 | -42.8% |
| Furniture and vehicles | 24 | €5,553 | €2,987 | -€2,566 | -46.2% |
| Other tangible fixed assets | 26 | €2,846 | €1,815 | -€1,030 | -36.2% |
| Current assets | 29/58 | €275,449 | €287,629 | +€12,180 | +4.4% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,396 | €40,111 | +€27,715 | +224% |
| Trade receivables | 40 | €10,688 | €33,772 | +€23,085 | +216% |
| Other amounts receivable | 41 | €1,708 | €6,339 | +€4,630 | +271% |
| Current investments | 50/53 | €196,404 | €180,759 | -€15,645 | -8.0% |
| Cash at bank and in hand | 54/58 | €896 | €967 | +€71 | +7.9% |
| Deferred charges and accrued income | 490/1 | €5,753 | €5,793 | +€39 | +0.7% |
| Total equity and liabilities | 10/49 | €283,848 | €292,432 | +€8,583 | +3.0% |
| Equity | 10/15 | €231,099 | €190,370 | -€40,729 | -17.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €224,899 | €184,170 | -€40,729 | -18.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,129 | €3,129 | = | 0.0% |
| Distributable reserves | 133 | €219,911 | €179,181 | -€40,729 | -18.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,749 | €102,062 | +€49,313 | +93.5% |
| Amounts payable within one year | 42/48 | €52,749 | €99,561 | +€46,812 | +88.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €1,432 | +€1,432 | |
| Credit institutions | 430/8 | €0 | €1,432 | +€1,432 | |
| Trade debts | 44 | €650 | €667 | +€17 | +2.6% |
| Suppliers | 440/4 | €650 | €667 | +€17 | +2.6% |
| Taxes, remuneration and social security | 45 | €885 | €9,515 | +€8,630 | +975% |
| Taxes | 450/3 | €885 | €9,515 | +€8,630 | +975% |
| Other amounts payable | 47/48 | €51,214 | €87,946 | +€36,732 | +71.7% |
| Accrued charges and deferred income | 492/3 | €0 | €2,501 | +€2,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,607 | €3,597 | -€1,010 | -21.9% |
| Other operating charges | 640/8 | €507 | €512 | +€5 | +0.9% |
| Non-recurring operating charges | 66A | €11,841 | €0 | -€11,841 | -100% |
| Gross operating margin | 9900 | €53,831 | €78,290 | +€24,459 | +45.4% |
| Operating profit (loss) | 9901 | €36,876 | €74,181 | +€37,305 | +101% |
| Financial income | 75/76B | €54,374 | €2,643 | -€51,731 | -95.1% |
| Recurring financial income | 75 | €54,374 | €2,643 | -€51,731 | -95.1% |
| Financial charges | 65/66B | €219 | €19,235 | +€19,015 | +8,672% |
| Recurring financial charges | 65 | €219 | €19,235 | +€19,015 | +8,672% |
| Profit (loss) for the period before taxes | 9903 | €91,031 | €57,590 | -€33,441 | -36.7% |
| Income taxes | 67/77 | €25,222 | €15,912 | -€9,310 | -36.9% |
| Profit (loss) for the period | 9904 | €65,809 | €41,678 | -€24,131 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,809 | €41,678 | -€24,131 | -36.7% |
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 23 October 2026 via checked.be.