N-ZONE: what changed
Two fiscal 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
N-ZONE
NACE 47.640, Retail sale of games and toys
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€125,908
2024 · -€6,348+€132,256
Equity
€2.6m
2024 · €2.5m+€75,787
Cash
€432,956
2024 · €321,761+€111,195
Balance sheet total
€3.7m
2024 · €3.2m+€537,183
Largest movements
Assets
- Receivables within one year +€898,980
up €898,980 (+70.0%), from €1.3m to €2.2m
of which Trade receivables: +€1.1m
- Current investments -€314,104
down €314,104 (-34.9%), from €900,000 to €585,896
- Intangible fixed assets -€201,352
down €201,352 (-31.0%), from €648,710 to €447,358
- Cash +€111,195
up €111,195 (+34.6%), from €321,761 to €432,956
mainly Depreciation (+€516,445) and Current investments (+€314,104)
Equity and liabilities
- Debts after one year +€233,984
up €233,984 (+62.8%), from €372,785 to €606,769
- Trade debts +€205,319
up €205,319 (+171.3%), from €119,832 to €325,151
- Profit (loss) carried forward +€125,472
up €125,472, from -€6,348 to €119,124
- Investment grants -€49,685
down €49,685 (-33.3%), from €149,050 to €99,365
Income statement
- Gross operating margin +€1.0m
up €1.0m (+115.4%), from €873,245 to €1.9m
- Depreciation +€418,922
up €418,922 (+429.6%), from €97,523 to €516,445
- Staff costs +€412,307
up €412,307 (+53.9%), from €765,129 to €1.2m
- Financial income +€64,737
up €64,737 (+721.2%), from €8,976 to €73,713
- Provisions +€37,272
new in 2025: €37,272
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
-€6,348
Gross operating margin
+€1.0m
Staff costs
-€412,307
Depreciation
-€418,922
Write-downs
-€30,293
Provisions
-€37,272
Other operating charges
-€2,349
Financial income
+€64,737
Financial charges
-€4,343
Taxes
-€34,716
Result 2025
€125,908
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
-€68,532
Investment
-€1,016
Financing
+€180,743
Cash 2024
€321,761
From operations (derived)
-€68,532
Net result for the year
+€125,908
Depreciation
+€516,445
Stocks and contracts
-€34,578
Receivables within one year
-€898,980
Deferred charges and accrued income
-€7,859
Provisions
+€24,851
Trade debts
+€205,319
Tax, wage and social debts
+€14,543
Other debts
-€14,182
Accrued charges and deferred income
+€1
Investment (derived)
-€1,016
Investment in fixed assets (net)
-€315,120
Current investments
+€314,104
Financing
+€180,743
Debts after one year
+€233,984
Current portion of long-term debt
-€3,120
Contributions, distributions and other
-€50,121
Cash 2025
€432,956
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,197,364 | €3,734,547 | +€537,183 | +16.8% |
| Fixed assets | 21/28 | €673,622 | €472,297 | -€201,325 | -29.9% |
| Intangible fixed assets | 21 | €648,710 | €447,358 | -€201,352 | -31.0% |
| Tangible fixed assets | 22/27 | €23,028 | €23,056 | +€28 | +0.1% |
| Land and buildings | 22 | €4,898 | - | -€4,898 | |
| Plant, machinery and equipment | 23 | €1,748 | €902 | -€846 | -48.4% |
| Furniture and vehicles | 24 | €15,957 | €21,729 | +€5,772 | +36.2% |
| Other tangible fixed assets | 26 | €425 | €425 | = | 0.0% |
| Financial fixed assets | 28 | €1,884 | €1,883 | -€1 | -0.1% |
| Current assets | 29/58 | €2,523,742 | €3,262,250 | +€738,508 | +29.3% |
| Stocks and contracts in progress | 3 | €17,646 | €52,224 | +€34,578 | +196.0% |
| Stocks | 30/36 | €17,646 | €52,224 | +€34,578 | +196.0% |
| Amounts receivable within one year | 40/41 | €1,283,883 | €2,182,863 | +€898,980 | +70.0% |
| Trade receivables | 40 | €1,026,340 | €2,110,398 | +€1.1m | +105.6% |
| Other amounts receivable | 41 | €257,543 | €72,465 | -€185,078 | -71.9% |
| Current investments | 50/53 | €900,000 | €585,896 | -€314,104 | -34.9% |
| Cash at bank and in hand | 54/58 | €321,761 | €432,956 | +€111,195 | +34.6% |
| Deferred charges and accrued income | 490/1 | €452 | €8,311 | +€7,859 | +1738.7% |
| Total equity and liabilities | 10/49 | €3,197,364 | €3,734,547 | +€537,183 | +16.8% |
| Equity | 10/15 | €2,490,715 | €2,566,502 | +€75,787 | +3.0% |
| Contributions | 10/11 | €2,136,394 | €2,136,394 | = | 0.0% |
| Capital | 10 | €2,136,394 | €2,136,394 | = | 0.0% |
| Issued capital | 100 | €2,136,394 | €2,136,394 | = | 0.0% |
| Reserves | 13 | €211,619 | €211,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €209,759 | €209,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,348 | €119,124 | +€125,472 | |
| Investment grants | 15 | €149,050 | €99,365 | -€49,685 | -33.3% |
| Provisions and deferred taxes | 16 | €37,263 | €62,114 | +€24,851 | +66.7% |
| Provisions for liabilities and charges | 160/5 | - | €37,272 | +€37,272 | |
| Other liabilities and charges | 164/5 | - | €37,272 | +€37,272 | |
| Deferred taxes | 168 | €37,263 | €24,842 | -€12,421 | -33.3% |
| Amounts payable | 17/49 | €669,386 | €1,105,931 | +€436,545 | +65.2% |
| Amounts payable after more than one year | 17 | €372,785 | €606,769 | +€233,984 | +62.8% |
| Financial debts | 170/4 | €372,785 | €606,769 | +€233,984 | +62.8% |
| Amounts payable within one year | 42/48 | €296,601 | €499,161 | +€202,560 | +68.3% |
| Current portion of amounts payable after more than one year | 42 | €5,401 | €2,281 | -€3,120 | -57.8% |
| Trade debts | 44 | €119,832 | €325,151 | +€205,319 | +171.3% |
| Suppliers | 440/4 | €119,832 | €325,151 | +€205,319 | +171.3% |
| Taxes, remuneration and social security | 45 | €149,466 | €164,009 | +€14,543 | +9.7% |
| Taxes | 450/3 | €5,415 | €35,416 | +€30,001 | +554.0% |
| Remuneration and social security | 454/9 | €144,051 | €128,593 | -€15,458 | -10.7% |
| Other amounts payable | 47/48 | €21,902 | €7,720 | -€14,182 | -64.8% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €765,129 | €1,177,436 | +€412,307 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,523 | €516,445 | +€418,922 | +429.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,207 | €37,500 | +€30,293 | +420.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €37,272 | +€37,272 | |
| Other operating charges | 640/8 | €804 | €3,153 | +€2,349 | +292.2% |
| Gross operating margin | 9900 | €873,245 | €1,880,966 | +€1.0m | +115.4% |
| Operating profit (loss) | 9901 | €2,582 | €109,160 | +€106,578 | +4127.7% |
| Financial income | 75/76B | €8,976 | €73,713 | +€64,737 | +721.2% |
| Recurring financial income | 75 | €8,976 | €73,713 | +€64,737 | +721.2% |
| Financial charges | 65/66B | €7,115 | €11,458 | +€4,343 | +61.0% |
| Recurring financial charges | 65 | €7,115 | €11,458 | +€4,343 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €4,443 | €171,415 | +€166,972 | +3758.1% |
| Income taxes | 67/77 | €10,791 | €45,507 | +€34,716 | +321.7% |
| Profit (loss) for the period | 9904 | -€6,348 | €125,908 | +€132,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,348 | €125,908 | +€132,256 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.