NAZANIN: 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.
NAZANIN
Largest movements
- Stocks and contracts +€2,375
up €2,375 (+13.3%), from €17,853 to €20,228
- Cash -€2,225
down €2,225 (-67.8%), from €3,282 to €1,057
mainly Trade debts (-€11,232) and Stocks and contracts (-€2,375)
- Receivables within one year -€439
no longer reported in 2025 (was €439)
- Tangible fixed assets -€314
down €314 (-60.0%), from €524 to €209
- Trade debts -€11,232
down €11,232 (-19.3%), from €58,124 to €46,892
- Other debts +€9,015
up €9,015 (+50.5%), from €17,844 to €26,858
- Tax, wage and social debts +€1,091
new in 2025: €1,091
- Profit (loss) carried forward +€523
up €523 (+0.8%), from -€66,270 to -€65,748
- Turnover +€120,704
new in 2025: €120,704
- Purchases and services +€111,534
new in 2025: €111,534
- Staff costs -€4,701
down €4,701 (-40.5%), from €11,606 to €6,905
- Gross operating margin -€4,129
down €4,129 (-31.0%), from €13,299 to €9,170
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 | €22,098 | €21,494 | -€603 | -2.7% |
| Fixed assets | 21/28 | €524 | €209 | -€314 | -60.0% |
| Tangible fixed assets | 22/27 | €524 | €209 | -€314 | -60.0% |
| Land and buildings | 22 | €524 | €209 | -€314 | -60.0% |
| Current assets | 29/58 | €21,574 | €21,285 | -€289 | -1.3% |
| Stocks and contracts in progress | 3 | €17,853 | €20,228 | +€2,375 | +13.3% |
| Stocks | 30/36 | €17,853 | €20,228 | +€2,375 | +13.3% |
| Amounts receivable within one year | 40/41 | €439 | - | -€439 | |
| Other amounts receivable | 41 | €439 | - | -€439 | |
| Cash at bank and in hand | 54/58 | €3,282 | €1,057 | -€2,225 | -67.8% |
| Total equity and liabilities | 10/49 | €22,098 | €21,494 | -€603 | -2.7% |
| Equity | 10/15 | -€53,870 | -€53,348 | +€523 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,270 | -€65,748 | +€523 | +0.8% |
| Amounts payable | 17/49 | €75,968 | €74,842 | -€1,126 | -1.5% |
| Amounts payable within one year | 42/48 | €75,968 | €74,842 | -€1,126 | -1.5% |
| Trade debts | 44 | €58,124 | €46,892 | -€11,232 | -19.3% |
| Suppliers | 440/4 | €58,124 | €46,892 | -€11,232 | -19.3% |
| Taxes, remuneration and social security | 45 | - | €1,091 | +€1,091 | |
| Taxes | 450/3 | - | €1,091 | +€1,091 | |
| Other amounts payable | 47/48 | €17,844 | €26,858 | +€9,015 | +50.5% |
| Turnover | 70 | - | €120,704 | +€120,704 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €111,534 | +€111,534 | |
| Remuneration, social security and pensions | 62 | €11,606 | €6,905 | -€4,701 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,185 | €314 | -€871 | -73.5% |
| Other operating charges | 640/8 | €35 | €972 | +€937 | +2,677% |
| Gross operating margin | 9900 | €13,299 | €9,170 | -€4,129 | -31.0% |
| Operating profit (loss) | 9901 | €473 | €979 | +€506 | +107% |
| Financial charges | 65/66B | €301 | €282 | -€19 | -6.3% |
| Recurring financial charges | 65 | €301 | €282 | -€19 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €172 | €697 | +€525 | +306% |
| Income taxes | 67/77 | - | €174 | +€174 | |
| Profit (loss) for the period | 9904 | €172 | €523 | +€351 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €172 | €523 | +€351 | +204% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.