NAZAR GROUP: 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 GROUP
Largest movements
- Cash +€18,514
up €18,514 (+361%), from €5,123 to €23,637
mainly Trade debts (+€23,296) and Net result for the year (+€7,072)
- Receivables within one year -€5,126
down €5,126 (-13.1%), from €39,202 to €34,076
of which Trade receivables: -€6,149
- Deferred charges and accrued income +€930
new in 2025: €930
- Trade debts +€23,296
up €23,296 (+127%), from €18,347 to €41,643
- Tax, wage and social debts -€8,580
no longer reported in 2025 (was €8,580)
- Profit (loss) carried forward +€7,072
up €7,072 (+66.1%), from €10,695 to €17,767
- Other debts -€7,028
no longer reported in 2025 (was €7,028)
- Purchases and services +€243,736
up €243,736 (+90.6%), from €269,111 to €512,847
- Turnover +€240,767
up €240,767 (+84.9%), from €283,703 to €524,470
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 | €44,650 | €59,410 | +€14,760 | +33.1% |
| Fixed assets | 21/28 | €325 | €767 | +€442 | +136% |
| Tangible fixed assets | 22/27 | €325 | €767 | +€442 | +136% |
| Plant, machinery and equipment | 23 | - | €767 | +€767 | |
| Furniture and vehicles | 24 | €325 | €0 | -€325 | -100% |
| Current assets | 29/58 | €44,325 | €58,643 | +€14,318 | +32.3% |
| Amounts receivable within one year | 40/41 | €39,202 | €34,076 | -€5,126 | -13.1% |
| Trade receivables | 40 | €29,152 | €23,003 | -€6,149 | -21.1% |
| Other amounts receivable | 41 | €10,050 | €11,073 | +€1,023 | +10.2% |
| Cash at bank and in hand | 54/58 | €5,123 | €23,637 | +€18,514 | +361% |
| Deferred charges and accrued income | 490/1 | - | €930 | +€930 | |
| Total equity and liabilities | 10/49 | €44,650 | €59,410 | +€14,760 | +33.1% |
| Equity | 10/15 | €10,695 | €17,767 | +€7,072 | +66.1% |
| Profit (loss) carried forward | 14 | €10,695 | €17,767 | +€7,072 | +66.1% |
| Amounts payable | 17/49 | €33,955 | €41,643 | +€7,688 | +22.6% |
| Amounts payable within one year | 42/48 | €33,955 | €41,643 | +€7,688 | +22.6% |
| Trade debts | 44 | €18,347 | €41,643 | +€23,296 | +127% |
| Suppliers | 440/4 | €18,347 | €41,643 | +€23,296 | +127% |
| Taxes, remuneration and social security | 45 | €8,580 | - | -€8,580 | |
| Taxes | 450/3 | €8,580 | - | -€8,580 | |
| Other amounts payable | 47/48 | €7,028 | - | -€7,028 | |
| Turnover | 70 | €283,703 | €524,470 | +€240,767 | +84.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €269,111 | €512,847 | +€243,736 | +90.6% |
| Remuneration, social security and pensions | 62 | €413 | €109 | -€304 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €380 | +€55 | +16.9% |
| Non-recurring operating charges | 66A | €719 | €1,517 | +€798 | +111% |
| Gross operating margin | 9900 | €14,592 | €11,623 | -€2,969 | -20.3% |
| Operating profit (loss) | 9901 | €13,135 | €9,617 | -€3,518 | -26.8% |
| Financial charges | 65/66B | €2,440 | €1,713 | -€727 | -29.8% |
| Recurring financial charges | 65 | €2,440 | €1,713 | -€727 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €10,695 | €7,904 | -€2,791 | -26.1% |
| Income taxes | 67/77 | - | €832 | +€832 | |
| Profit (loss) for the period | 9904 | €10,695 | €7,072 | -€3,623 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,695 | €7,072 | -€3,623 | -33.9% |
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 27 October 2026 via checked.be.