NAZALCOA: 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.
NAZALCOA
Largest movements
- Cash +€7,681
up €7,681 (+97.5%), from €7,881 to €15,562
mainly Net result for the year (+€7,952) and Receivables within one year (+€3,412)
- Receivables within one year -€3,412
down €3,412 (-64.3%), from €5,303 to €1,891
of which Trade receivables: -€3,650
- Tangible fixed assets -€751
down €751 (-47.4%), from €1,583 to €832
of which Furniture and vehicles: -€435
- Profit (loss) carried forward +€7,952
up €7,952 (+91.5%), from -€8,694 to -€742
- Tax, wage and social debts -€5,548
down €5,548 (-99.9%), from €5,551 to €3
of which Remuneration and social security: -€4,901
- Accrued charges and deferred income +€823
new in 2025: €823
- Other debts +€208
up €208 (+2.2%), from €9,317 to €9,525
- Gross operating margin +€15,299
up €15,299, from -€5,368 to €9,931
- Depreciation -€1,882
down €1,882 (-71.5%), from €2,633 to €751
- Other operating charges +€174
up €174 (+23.8%), from €731 to €905
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 | €14,886 | €18,430 | +€3,544 | +23.8% |
| Fixed assets | 21/28 | €1,583 | €832 | -€751 | -47.4% |
| Tangible fixed assets | 22/27 | €1,583 | €832 | -€751 | -47.4% |
| Plant, machinery and equipment | 23 | €316 | - | -€316 | |
| Furniture and vehicles | 24 | €1,267 | €832 | -€435 | -34.3% |
| Current assets | 29/58 | €13,303 | €17,598 | +€4,295 | +32.3% |
| Amounts receivable within one year | 40/41 | €5,303 | €1,891 | -€3,412 | -64.3% |
| Trade receivables | 40 | €4,562 | €912 | -€3,650 | -80.0% |
| Other amounts receivable | 41 | €741 | €978 | +€237 | +32.0% |
| Cash at bank and in hand | 54/58 | €7,881 | €15,562 | +€7,681 | +97.5% |
| Deferred charges and accrued income | 490/1 | €119 | €146 | +€27 | +22.6% |
| Total equity and liabilities | 10/49 | €14,886 | €18,430 | +€3,544 | +23.8% |
| Equity | 10/15 | -€544 | €7,408 | +€7,952 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,150 | €5,150 | = | 0.0% |
| Distributable reserves | 133 | €5,150 | €5,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,694 | -€742 | +€7,952 | +91.5% |
| Amounts payable | 17/49 | €15,430 | €11,022 | -€4,408 | -28.6% |
| Amounts payable within one year | 42/48 | €15,430 | €10,199 | -€5,231 | -33.9% |
| Trade debts | 44 | €563 | €671 | +€108 | +19.3% |
| Suppliers | 440/4 | €563 | €671 | +€108 | +19.3% |
| Taxes, remuneration and social security | 45 | €5,551 | €3 | -€5,548 | -99.9% |
| Taxes | 450/3 | €650 | €3 | -€647 | -99.5% |
| Remuneration and social security | 454/9 | €4,901 | - | -€4,901 | |
| Other amounts payable | 47/48 | €9,317 | €9,525 | +€208 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €823 | +€823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,633 | €751 | -€1,882 | -71.5% |
| Other operating charges | 640/8 | €731 | €905 | +€174 | +23.8% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | -€5,368 | €9,931 | +€15,299 | |
| Operating profit (loss) | 9901 | -€8,731 | €8,026 | +€16,757 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €74 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,805 | €7,955 | +€16,760 | |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€8,805 | €7,952 | +€16,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,805 | €7,952 | +€16,757 |
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 30 October 2026 via checked.be.