CAZIER: 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.
What changed
CAZIER
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,674
2024 · €2,381+€5,293
Equity
€408,150
2024 · €423,636-€15,486
Cash
€10,506
2024 · €48,093-€37,587
Balance sheet total
€3.4m
2024 · €4.1m-€715,994
Largest movements
Assets
- Stocks and contracts -€627,442
down €627,442 (-20.0%), from €3.1m to €2.5m
- Tangible fixed assets +€54,047
up €54,047 (+8.8%), from €612,139 to €666,186
of which Furniture and vehicles: +€72,588
- Receivables within one year -€53,603
down €53,603 (-26.1%), from €205,039 to €151,436
of which Trade receivables: -€59,520
Equity and liabilities
- Trade debts -€583,535
down €583,535 (-26.2%), from €2.2m to €1.6m
- Tax, wage and social debts -€86,312
down €86,312 (-48.6%), from €177,742 to €91,430
of which Remuneration and social security: -€54,592
Income statement
- Gross operating margin +€50,777
up €50,777 (+3.8%), from €1.3m to €1.4m
- Other operating charges +€35,797
up €35,797 (+101.1%), from €35,415 to €71,212
- Financial income +€23,160
up €23,160 (+7719900.0%), from €0 to €23,160
- Financial charges -€21,176
down €21,176 (-14.6%), from €145,377 to €124,201
- Depreciation +€18,707
up €18,707 (+20.3%), from €92,056 to €110,762
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.
Result 2024
€2,381
Gross operating margin
+€50,777
Staff costs
-€9,667
Depreciation
-€18,707
Write-downs
-€8,762
Other operating charges
-€35,797
Financial income
+€23,160
Financial charges
+€21,176
Taxes
-€16,887
Result 2025
€7,674
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.
From operations
+€137,317
Investment
-€150,491
Financing
-€24,412
Cash 2024
€48,093
From operations (derived)
+€137,317
Net result for the year
+€7,674
Depreciation
+€110,762
Stocks and contracts
+€627,442
Receivables within one year
+€53,603
Deferred charges and accrued income
+€37,091
Trade debts
-€583,535
Tax, wage and social debts
-€86,312
Other debts
-€4,437
Accrued charges and deferred income
-€24,971
Investment (derived)
-€150,491
Investment in fixed assets (net)
-€150,491
Financing
-€24,412
Debts after one year
-€1,252
Contributions, distributions and other
-€23,160
Cash 2025
€10,506
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,094,032 | €3,378,038 | -€715,994 | -17.5% |
| Fixed assets | 21/28 | €655,103 | €694,832 | +€39,729 | +6.1% |
| Intangible fixed assets | 21 | €28,206 | €13,888 | -€14,318 | -50.8% |
| Tangible fixed assets | 22/27 | €612,139 | €666,186 | +€54,047 | +8.8% |
| Land and buildings | 22 | €160,217 | €156,102 | -€4,116 | -2.6% |
| Plant, machinery and equipment | 23 | €330,251 | €326,357 | -€3,894 | -1.2% |
| Furniture and vehicles | 24 | €16,616 | €89,203 | +€72,588 | +436.9% |
| Other tangible fixed assets | 26 | €105,055 | €94,523 | -€10,531 | -10.0% |
| Financial fixed assets | 28 | €14,758 | €14,758 | = | 0.0% |
| Current assets | 29/58 | €3,438,929 | €2,683,206 | -€755,723 | -22.0% |
| Stocks and contracts in progress | 3 | €3,136,666 | €2,509,224 | -€627,442 | -20.0% |
| Stocks | 30/36 | €3,136,666 | €2,509,224 | -€627,442 | -20.0% |
| Amounts receivable within one year | 40/41 | €205,039 | €151,436 | -€53,603 | -26.1% |
| Trade receivables | 40 | €203,752 | €144,232 | -€59,520 | -29.2% |
| Other amounts receivable | 41 | €1,287 | €7,204 | +€5,917 | +459.8% |
| Cash at bank and in hand | 54/58 | €48,093 | €10,506 | -€37,587 | -78.2% |
| Deferred charges and accrued income | 490/1 | €49,131 | €12,041 | -€37,091 | -75.5% |
| Total equity and liabilities | 10/49 | €4,094,032 | €3,378,038 | -€715,994 | -17.5% |
| Equity | 10/15 | €423,636 | €408,150 | -€15,486 | -3.7% |
| Contributions | 10/11 | €319,796 | €319,796 | = | 0.0% |
| Capital | 10 | €269,677 | €269,677 | = | 0.0% |
| Issued capital | 100 | €269,677 | €269,677 | = | 0.0% |
| Contributions outside capital | 11 | €50,119 | €50,119 | = | 0.0% |
| Share premium | 1100/10 | €50,119 | €50,119 | = | 0.0% |
| Reserves | 13 | €65,928 | €68,308 | +€2,381 | +3.6% |
| Non-distributable reserves | 130/1 | €3,028 | €3,028 | = | 0.0% |
| Legal reserve | 130 | €3,028 | €3,028 | = | 0.0% |
| Distributable reserves | 133 | €62,900 | €65,280 | +€2,381 | +3.8% |
| Profit (loss) carried forward | 14 | €2,381 | €7,674 | +€5,293 | +222.4% |
| Investment grants | 15 | €35,532 | €12,372 | -€23,160 | -65.2% |
| Amounts payable | 17/49 | €3,670,396 | €2,969,888 | -€700,508 | -19.1% |
| Amounts payable after more than one year | 17 | €1,252 | - | -€1,252 | |
| Financial debts | 170/4 | €1,252 | - | -€1,252 | |
| Amounts payable within one year | 42/48 | €3,537,647 | €2,863,362 | -€674,284 | -19.1% |
| Trade debts | 44 | €2,224,723 | €1,641,187 | -€583,535 | -26.2% |
| Suppliers | 440/4 | €2,224,723 | €1,641,187 | -€583,535 | -26.2% |
| Taxes, remuneration and social security | 45 | €177,742 | €91,430 | -€86,312 | -48.6% |
| Taxes | 450/3 | €48,733 | €17,013 | -€31,720 | -65.1% |
| Remuneration and social security | 454/9 | €129,008 | €74,416 | -€54,592 | -42.3% |
| Other amounts payable | 47/48 | €1,135,182 | €1,130,746 | -€4,437 | -0.4% |
| Accrued charges and deferred income | 492/3 | €131,497 | €106,526 | -€24,971 | -19.0% |
| Remuneration, social security and pensions | 62 | €1,063,165 | €1,072,832 | +€9,667 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,056 | €110,762 | +€18,707 | +20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,160 | €11,922 | +€8,762 | +277.3% |
| Other operating charges | 640/8 | €35,415 | €71,212 | +€35,797 | +101.1% |
| Gross operating margin | 9900 | €1,341,553 | €1,392,330 | +€50,777 | +3.8% |
| Operating profit (loss) | 9901 | €147,758 | €125,602 | -€22,156 | -15.0% |
| Financial income | 75/76B | €0 | €23,160 | +€23,160 | +7719900.0% |
| Recurring financial income | 75 | €0 | €23,160 | +€23,160 | +7719900.0% |
| Financial charges | 65/66B | €145,377 | €124,201 | -€21,176 | -14.6% |
| Recurring financial charges | 65 | €145,377 | €124,201 | -€21,176 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €2,381 | €24,561 | +€22,180 | +931.7% |
| Income taxes | 67/77 | - | €16,887 | +€16,887 | |
| Profit (loss) for the period | 9904 | €2,381 | €7,674 | +€5,293 | +222.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,381 | €7,674 | +€5,293 | +222.4% |
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 9 October 2026 via checked.be.