NAZAR: 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.
NAZAR
Largest movements
- Receivables within one year +€73,893
up €73,893 (+424.4%), from €17,411 to €91,304
of which Trade receivables: +€65,515
- Tangible fixed assets +€28,979
up €28,979 (+23.5%), from €123,403 to €152,383
of which Furniture and vehicles: +€37,194
- Cash -€13,583
down €13,583 (-10.4%), from €131,183 to €117,600
mainly Receivables within one year (-€73,893) and Investment in fixed assets (net) (-€57,462)
- Profit (loss) carried forward +€78,704
up €78,704 (+103.3%), from €76,158 to €154,862
- Trade debts -€17,085
down €17,085 (-42.9%), from €39,809 to €22,724
- Tax, wage and social debts +€15,865
up €15,865 (+371.5%), from €4,270 to €20,135
of which Remuneration and social security: +€16,933
- Advances received +€15,000
new in 2024: €15,000
- Turnover -€592,582
no longer reported in 2024 (was €592,582)
- Purchases and services -€399,113
no longer reported in 2024 (was €399,113)
- Gross operating margin +€137,577
up €137,577 (+71.1%), from €193,469 to €331,046
- Staff costs +€56,589
up €56,589 (+36.5%), from €154,942 to €211,531
- Depreciation +€7,609
up €7,609 (+36.5%), from €20,874 to €28,483
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.
Cash bridge derived
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 | €292,123 | €384,288 | +€92,165 | +31.6% |
| Fixed assets | 21/28 | €128,028 | €157,008 | +€28,979 | +22.6% |
| Tangible fixed assets | 22/27 | €123,403 | €152,383 | +€28,979 | +23.5% |
| Plant, machinery and equipment | 23 | €77,473 | €73,758 | -€3,715 | -4.8% |
| Furniture and vehicles | 24 | €16,628 | €53,822 | +€37,194 | +223.7% |
| Other tangible fixed assets | 26 | €29,303 | €24,803 | -€4,500 | -15.4% |
| Financial fixed assets | 28 | €4,625 | €4,625 | = | 0.0% |
| Current assets | 29/58 | €164,094 | €227,280 | +€63,186 | +38.5% |
| Amounts receivable within one year | 40/41 | €17,411 | €91,304 | +€73,893 | +424.4% |
| Trade receivables | 40 | €9,382 | €74,898 | +€65,515 | +698.3% |
| Other amounts receivable | 41 | €8,029 | €16,406 | +€8,377 | +104.3% |
| Cash at bank and in hand | 54/58 | €131,183 | €117,600 | -€13,583 | -10.4% |
| Deferred charges and accrued income | 490/1 | €15,500 | €18,376 | +€2,876 | +18.6% |
| Total equity and liabilities | 10/49 | €292,123 | €384,288 | +€92,165 | +31.6% |
| Equity | 10/15 | €142,869 | €221,573 | +€78,704 | +55.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,111 | €48,111 | = | 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 | €46,251 | €46,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,158 | €154,862 | +€78,704 | +103.3% |
| Amounts payable | 17/49 | €149,254 | €162,715 | +€13,461 | +9.0% |
| Amounts payable after more than one year | 17 | €77,122 | €73,779 | -€3,343 | -4.3% |
| Financial debts | 170/4 | €77,122 | €73,779 | -€3,343 | -4.3% |
| Amounts payable within one year | 42/48 | €72,132 | €88,936 | +€16,803 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €28,053 | €31,077 | +€3,023 | +10.8% |
| Trade debts | 44 | €39,809 | €22,724 | -€17,085 | -42.9% |
| Suppliers | 440/4 | €39,809 | €22,724 | -€17,085 | -42.9% |
| Advances received on contracts in progress | 46 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | €4,270 | €20,135 | +€15,865 | +371.5% |
| Taxes | 450/3 | €4,270 | €3,202 | -€1,068 | -25.0% |
| Remuneration and social security | 454/9 | - | €16,933 | +€16,933 | |
| Turnover | 70 | €592,582 | - | -€592,582 | |
| Goods, raw materials, services and sundry goods | 60/61 | €399,113 | - | -€399,113 | |
| Remuneration, social security and pensions | 62 | €154,942 | €211,531 | +€56,589 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,874 | €28,483 | +€7,609 | +36.5% |
| Other operating charges | 640/8 | €3,867 | €2,564 | -€1,303 | -33.7% |
| Non-recurring operating charges | 66A | - | €3,203 | +€3,203 | |
| Gross operating margin | 9900 | €193,469 | €331,046 | +€137,577 | +71.1% |
| Operating profit (loss) | 9901 | €13,786 | €85,266 | +€71,480 | +518.5% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €2,878 | €4,143 | +€1,265 | +44.0% |
| Recurring financial charges | 65 | €2,878 | €4,143 | +€1,265 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €10,918 | €81,124 | +€70,205 | +643.0% |
| Income taxes | 67/77 | €3,439 | €2,419 | -€1,020 | -29.7% |
| Profit (loss) for the period | 9904 | €7,479 | €78,704 | +€71,226 | +952.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,479 | €78,704 | +€71,226 | +952.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.