NAGY: 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.
NAGY
Largest movements
- Tangible fixed assets -€578,430
down €578,430 (-34.0%), from €1.7m to €1.1m
of which Land and buildings: -€575,947
- Cash +€62,173
up €62,173 (+136.5%), from €45,556 to €107,728
mainly Investment in fixed assets (net) (+€555,752) and Net result for the year (+€171,396)
- Debts after one year -€581,053
down €581,053 (-93.2%), from €623,405 to €42,352
- Profit (loss) carried forward +€371,963
up €371,963, from -€371,963 to €0
- Reserves -€200,567
down €200,567 (-71.1%), from €281,957 to €81,390
of which Tax-exempt reserves: -€273,900
- Provisions -€91,300
down €91,300 (-100.0%), from €91,300 to €0
- Other debts -€65,098
down €65,098 (-42.8%), from €152,210 to €87,113
- Gross operating margin +€171,660
up €171,660 (+2428.0%), from €7,070 to €178,730
- Taxes +€39,728
new in 2025: €39,728
- Depreciation -€22,480
down €22,480 (-50.3%), from €44,679 to €22,199
- Financial charges -€7,090
down €7,090 (-20.5%), from €34,608 to €27,518
- Other operating charges +€3,467
up €3,467 (+59.7%), from €5,812 to €9,279
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 | €1,768,445 | €1,234,043 | -€534,402 | -30.2% |
| Fixed assets | 21/28 | €1,703,542 | €1,125,591 | -€577,951 | -33.9% |
| Tangible fixed assets | 22/27 | €1,703,542 | €1,125,112 | -€578,430 | -34.0% |
| Land and buildings | 22 | €1,665,064 | €1,089,117 | -€575,947 | -34.6% |
| Plant, machinery and equipment | 23 | €1,307 | €0 | -€1,307 | -100.0% |
| Furniture and vehicles | 24 | €4,336 | €2,386 | -€1,950 | -45.0% |
| Other tangible fixed assets | 26 | €32,835 | €33,609 | +€774 | +2.4% |
| Financial fixed assets | 28 | - | €479 | +€479 | |
| Current assets | 29/58 | €64,903 | €108,452 | +€43,549 | +67.1% |
| Amounts receivable within one year | 40/41 | €17,500 | €0 | -€17,500 | -100.0% |
| Trade receivables | 40 | €17,500 | €0 | -€17,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €45,556 | €107,728 | +€62,173 | +136.5% |
| Deferred charges and accrued income | 490/1 | €1,847 | €723 | -€1,124 | -60.8% |
| Total equity and liabilities | 10/49 | €1,768,445 | €1,234,043 | -€534,402 | -30.2% |
| Equity | 10/15 | €849,471 | €1,020,867 | +€171,396 | +20.2% |
| Contributions | 10/11 | €80,813 | €80,813 | = | 0.0% |
| Capital | 10 | €80,813 | €80,813 | = | 0.0% |
| Issued capital | 100 | €80,813 | €80,813 | = | 0.0% |
| Revaluation surpluses | 12 | €858,664 | €858,664 | = | 0.0% |
| Reserves | 13 | €281,957 | €81,390 | -€200,567 | -71.1% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €273,900 | €0 | -€273,900 | -100.0% |
| Distributable reserves | 133 | - | €73,333 | +€73,333 | |
| Profit (loss) carried forward | 14 | -€371,963 | €0 | +€371,963 | |
| Provisions and deferred taxes | 16 | €91,300 | €0 | -€91,300 | -100.0% |
| Deferred taxes | 168 | €91,300 | €0 | -€91,300 | -100.0% |
| Amounts payable | 17/49 | €827,674 | €213,176 | -€614,498 | -74.2% |
| Amounts payable after more than one year | 17 | €623,405 | €42,352 | -€581,053 | -93.2% |
| Financial debts | 170/4 | €623,405 | €42,352 | -€581,053 | -93.2% |
| Amounts payable within one year | 42/48 | €191,482 | €164,023 | -€27,459 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €34,571 | €20,720 | -€13,851 | -40.1% |
| Trade debts | 44 | €4,701 | €16,462 | +€11,761 | +250.2% |
| Suppliers | 440/4 | €4,701 | €16,462 | +€11,761 | +250.2% |
| Taxes, remuneration and social security | 45 | - | €39,728 | +€39,728 | |
| Taxes | 450/3 | - | €39,728 | +€39,728 | |
| Other amounts payable | 47/48 | €152,210 | €87,113 | -€65,098 | -42.8% |
| Accrued charges and deferred income | 492/3 | €12,788 | €6,801 | -€5,986 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,679 | €22,199 | -€22,480 | -50.3% |
| Other operating charges | 640/8 | €5,812 | €9,279 | +€3,467 | +59.7% |
| Gross operating margin | 9900 | €7,070 | €178,730 | +€171,660 | +2428.0% |
| Operating profit (loss) | 9901 | -€43,422 | €147,252 | +€190,673 | |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €34,608 | €27,518 | -€7,090 | -20.5% |
| Recurring financial charges | 65 | €34,608 | €27,518 | -€7,090 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€78,029 | €119,824 | +€197,853 | |
| Transfer from deferred taxes | 780 | €3,469 | €91,300 | +€87,831 | +2532.0% |
| Income taxes | 67/77 | - | €39,728 | +€39,728 | |
| Profit (loss) for the period | 9904 | -€74,561 | €171,396 | +€245,957 | |
| Transfer from tax-exempt reserves | 789 | €10,406 | €273,900 | +€263,494 | +2532.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,154 | €445,296 | +€509,450 |
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 5 October 2026 via checked.be.