NAPIZZA: 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.
NAPIZZA
Largest movements
- Receivables within one year +€92,685
up €92,685 (+25.7%), from €360,868 to €453,553
of which Trade receivables: +€97,744
- Reserves +€119,000
up €119,000 (+86.6%), from €137,357 to €256,357
- Other debts -€98,440
down €98,440 (-61.7%), from €159,602 to €61,161
- Tax, wage and social debts +€74,224
up €74,224 (+258%), from €28,731 to €102,955
of which Taxes: +€58,129
- Debts after one year -€7,367
no longer reported in 2025 (was €7,367)
- Current portion of long-term debt -€6,132
no longer reported in 2025 (was €6,132)
- Financial income -€21,200
down €21,200 (-14.1%), from €150,000 to €128,800
- Staff costs +€19,210
up €19,210 (+11.3%), from €169,673 to €188,883
- Gross operating margin +€17,151
up €17,151 (+9.5%), from €180,145 to €197,296
- Taxes -€4,187
down €4,187 (-24.6%), from €17,052 to €12,865
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 | €466,526 | €553,445 | +€86,919 | +18.6% |
| Fixed assets | 21/28 | €86,429 | €82,749 | -€3,680 | -4.3% |
| Intangible fixed assets | 21 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Tangible fixed assets | 22/27 | €9,429 | €7,749 | -€1,680 | -17.8% |
| Plant, machinery and equipment | 23 | €9,429 | €7,749 | -€1,680 | -17.8% |
| Financial fixed assets | 28 | €65,000 | €65,000 | = | 0.0% |
| Current assets | 29/58 | €380,097 | €470,695 | +€90,598 | +23.8% |
| Amounts receivable within one year | 40/41 | €360,868 | €453,553 | +€92,685 | +25.7% |
| Trade receivables | 40 | €104,023 | €201,767 | +€97,744 | +94.0% |
| Other amounts receivable | 41 | €256,845 | €251,786 | -€5,059 | -2.0% |
| Cash at bank and in hand | 54/58 | €15,874 | €17,143 | +€1,268 | +8.0% |
| Deferred charges and accrued income | 490/1 | €3,355 | - | -€3,355 | |
| Total equity and liabilities | 10/49 | €466,526 | €553,445 | +€86,919 | +18.6% |
| Equity | 10/15 | €210,290 | €329,841 | +€119,551 | +56.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €137,357 | €256,357 | +€119,000 | +86.6% |
| Distributable reserves | 133 | €137,357 | €256,357 | +€119,000 | +86.6% |
| Profit (loss) carried forward | 14 | €62,933 | €63,483 | +€551 | +0.9% |
| Amounts payable | 17/49 | €256,236 | €223,604 | -€32,632 | -12.7% |
| Amounts payable after more than one year | 17 | €7,367 | - | -€7,367 | |
| Financial debts | 170/4 | €7,367 | - | -€7,367 | |
| Amounts payable within one year | 42/48 | €248,869 | €223,604 | -€25,265 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €6,132 | - | -€6,132 | |
| Trade debts | 44 | €14,804 | €19,887 | +€5,083 | +34.3% |
| Suppliers | 440/4 | €14,804 | €19,887 | +€5,083 | +34.3% |
| Advances received on contracts in progress | 46 | €39,601 | €39,601 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,731 | €102,955 | +€74,224 | +258% |
| Taxes | 450/3 | €18,947 | €77,076 | +€58,129 | +307% |
| Remuneration and social security | 454/9 | €9,784 | €25,879 | +€16,095 | +165% |
| Other amounts payable | 47/48 | €159,602 | €61,161 | -€98,440 | -61.7% |
| Remuneration, social security and pensions | 62 | €169,673 | €188,883 | +€19,210 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,621 | €3,680 | -€942 | -20.4% |
| Gross operating margin | 9900 | €180,145 | €197,296 | +€17,151 | +9.5% |
| Operating profit (loss) | 9901 | €5,851 | €4,734 | -€1,117 | -19.1% |
| Financial income | 75/76B | €150,000 | €128,800 | -€21,200 | -14.1% |
| Recurring financial income | 75 | €150,000 | €128,800 | -€21,200 | -14.1% |
| Financial charges | 65/66B | €1,442 | €1,118 | -€324 | -22.5% |
| Recurring financial charges | 65 | €1,442 | €1,118 | -€324 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €154,409 | €132,415 | -€21,993 | -14.2% |
| Income taxes | 67/77 | €17,052 | €12,865 | -€4,187 | -24.6% |
| Profit (loss) for the period | 9904 | €137,357 | €119,551 | -€17,807 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137,357 | €119,551 | -€17,807 | -13.0% |
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 25 October 2026 via checked.be.