NAKAZ DEVELOPMENT: 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.
NAKAZ DEVELOPMENT
Largest movements
- Receivables within one year -€86,489
down €86,489 (-76.4%), from €113,235 to €26,746
of which Trade receivables: -€88,728
- Tangible fixed assets -€27,064
down €27,064 (-4.1%), from €666,167 to €639,103
of which Land and buildings: -€27,265
- Other debts +€299,921
new in 2024: €299,921
- Tax, wage and social debts -€269,906
down €269,906 (-87.4%), from €308,854 to €38,948
of which Remuneration and social security: -€266,692
- Trade debts -€99,351
down €99,351 (-89.5%), from €111,013 to €11,662
- Profit (loss) carried forward -€28,784
down €28,784 (-34.5%), from €83,347 to €54,562
- Debts after one year -€25,000
down €25,000 (-16.5%), from €151,667 to €126,667
- Turnover -€119,248
down €119,248 (-54.5%), from €218,855 to €99,606
- Gross operating margin -€92,792
down €92,792 (-86.7%), from €107,074 to €14,282
- Other operating charges -€70,445
down €70,445 (-94.2%), from €74,816 to €4,371
- Purchases and services -€26,456
down €26,456 (-23.7%), from €111,781 to €85,325
- Taxes -€10,540
down €10,540 (-65.9%), from €16,000 to €5,460
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €787,346 | €667,827 | -€119,518 | -15.2% |
| Fixed assets | 21/28 | €667,963 | €640,899 | -€27,064 | -4.1% |
| Tangible fixed assets | 22/27 | €666,167 | €639,103 | -€27,064 | -4.1% |
| Land and buildings | 22 | €663,611 | €636,346 | -€27,265 | -4.1% |
| Plant, machinery and equipment | 23 | - | €1,498 | +€1,498 | |
| Furniture and vehicles | 24 | €2,556 | €1,259 | -€1,297 | -50.7% |
| Financial fixed assets | 28 | €1,796 | €1,796 | = | 0.0% |
| Current assets | 29/58 | €119,383 | €26,928 | -€92,454 | -77.4% |
| Amounts receivable within one year | 40/41 | €113,235 | €26,746 | -€86,489 | -76.4% |
| Trade receivables | 40 | €111,091 | €22,363 | -€88,728 | -79.9% |
| Other amounts receivable | 41 | €2,143 | €4,383 | +€2,239 | +104% |
| Cash at bank and in hand | 54/58 | €6,148 | €2 | -€6,146 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €181 | +€181 | |
| Total equity and liabilities | 10/49 | €787,346 | €667,827 | -€119,518 | -15.2% |
| Equity | 10/15 | €194,145 | €165,361 | -€28,784 | -14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €92,199 | €92,199 | = | 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 | €90,339 | €90,339 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,347 | €54,562 | -€28,784 | -34.5% |
| Amounts payable | 17/49 | €593,200 | €502,466 | -€90,734 | -15.3% |
| Amounts payable after more than one year | 17 | €151,667 | €126,667 | -€25,000 | -16.5% |
| Financial debts | 170/4 | €151,667 | €126,667 | -€25,000 | -16.5% |
| Amounts payable within one year | 42/48 | €441,534 | €375,800 | -€65,734 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €21,667 | €25,000 | +€3,333 | +15.4% |
| Financial debts | 43 | - | €269 | +€269 | |
| Credit institutions | 430/8 | - | €269 | +€269 | |
| Trade debts | 44 | €111,013 | €11,662 | -€99,351 | -89.5% |
| Suppliers | 440/4 | €111,013 | €11,662 | -€99,351 | -89.5% |
| Taxes, remuneration and social security | 45 | €308,854 | €38,948 | -€269,906 | -87.4% |
| Taxes | 450/3 | €42,163 | €38,948 | -€3,214 | -7.6% |
| Remuneration and social security | 454/9 | €266,692 | - | -€266,692 | |
| Other amounts payable | 47/48 | - | €299,921 | +€299,921 | |
| Turnover | 70 | €218,855 | €99,606 | -€119,248 | -54.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €111,781 | €85,325 | -€26,456 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,247 | €28,596 | -€2,652 | -8.5% |
| Other operating charges | 640/8 | €74,816 | €4,371 | -€70,445 | -94.2% |
| Gross operating margin | 9900 | €107,074 | €14,282 | -€92,792 | -86.7% |
| Operating profit (loss) | 9901 | €1,011 | -€18,685 | -€19,696 | |
| Financial income | 75/76B | - | €222 | +€222 | |
| Recurring financial income | 75 | - | €222 | +€222 | |
| Financial charges | 65/66B | €4,468 | €4,861 | +€393 | +8.8% |
| Recurring financial charges | 65 | €4,468 | €4,861 | +€393 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,457 | -€23,325 | -€19,867 | -575% |
| Income taxes | 67/77 | €16,000 | €5,460 | -€10,540 | -65.9% |
| Profit (loss) for the period | 9904 | -€19,457 | -€28,784 | -€9,327 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,457 | -€28,784 | -€9,327 | -47.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.