NAZARII: what changed
Two fiscal 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.
NAZARII
Largest movements
- Cash +€84,669
up €84,669 (+157.0%), from €53,941 to €138,610
mainly Net result for the year (+€109,605) and Other debts (+€16,683)
- Receivables within one year +€36,425
up €36,425 (+61.7%), from €59,009 to €95,434
of which Trade receivables: +€37,771
- Tangible fixed assets -€8,986
down €8,986 (-18.2%), from €49,243 to €40,257
of which Furniture and vehicles: -€7,694
- Profit (loss) carried forward +€109,605
up €109,605 (+161.2%), from €67,980 to €177,585
- Other debts +€16,683
new in 2025: €16,683
- Debts after one year -€13,054
down €13,054 (-59.1%), from €22,091 to €9,037
- Turnover -€637,886
no longer reported in 2025 (was €637,886)
- Purchases and services -€542,077
no longer reported in 2025 (was €542,077)
- Gross operating margin +€53,113
up €53,113 (+55.4%), from €95,810 to €148,923
- Taxes +€10,097
up €10,097 (+59.4%), from €17,000 to €27,097
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.
Cash bridge derived
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 | €163,571 | €275,078 | +€111,507 | +68.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €49,288 | €40,302 | -€8,986 | -18.2% |
| Tangible fixed assets | 22/27 | €49,243 | €40,257 | -€8,986 | -18.2% |
| Plant, machinery and equipment | 23 | €4,745 | €3,452 | -€1,293 | -27.2% |
| Furniture and vehicles | 24 | €44,498 | €36,805 | -€7,694 | -17.3% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €114,283 | €234,777 | +€120,493 | +105.4% |
| Amounts receivable within one year | 40/41 | €59,009 | €95,434 | +€36,425 | +61.7% |
| Trade receivables | 40 | €54,306 | €92,078 | +€37,771 | +69.6% |
| Other amounts receivable | 41 | €4,702 | €3,356 | -€1,346 | -28.6% |
| Cash at bank and in hand | 54/58 | €53,941 | €138,610 | +€84,669 | +157.0% |
| Deferred charges and accrued income | 490/1 | €1,333 | €732 | -€601 | -45.1% |
| Total equity and liabilities | 10/49 | €163,571 | €275,078 | +€111,507 | +68.2% |
| Equity | 10/15 | €68,980 | €178,585 | +€109,605 | +158.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,980 | €177,585 | +€109,605 | +161.2% |
| Amounts payable | 17/49 | €94,592 | €96,493 | +€1,902 | +2.0% |
| Amounts payable after more than one year | 17 | €22,091 | €9,037 | -€13,054 | -59.1% |
| Financial debts | 170/4 | €22,091 | €9,037 | -€13,054 | -59.1% |
| Amounts payable within one year | 42/48 | €72,501 | €87,456 | +€14,956 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €13,786 | €13,786 | = | 0.0% |
| Trade debts | 44 | €45,840 | €43,987 | -€1,853 | -4.0% |
| Suppliers | 440/4 | €45,840 | €43,987 | -€1,853 | -4.0% |
| Taxes, remuneration and social security | 45 | €12,875 | €13,000 | +€125 | +1.0% |
| Taxes | 450/3 | €2,000 | €13,000 | +€11,000 | +550.0% |
| Remuneration and social security | 454/9 | €10,875 | - | -€10,875 | |
| Other amounts payable | 47/48 | - | €16,683 | +€16,683 | |
| Turnover | 70 | €637,886 | - | -€637,886 | |
| Goods, raw materials, services and sundry goods | 60/61 | €542,077 | - | -€542,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,802 | €12,951 | +€4,148 | +47.1% |
| Other operating charges | 640/8 | €926 | €706 | -€220 | -23.8% |
| Gross operating margin | 9900 | €95,810 | €148,923 | +€53,113 | +55.4% |
| Operating profit (loss) | 9901 | €86,081 | €135,266 | +€49,185 | +57.1% |
| Financial income | 75/76B | - | €3,076 | +€3,076 | |
| Recurring financial income | 75 | - | €3,076 | +€3,076 | |
| Financial charges | 65/66B | €1,101 | €1,641 | +€539 | +49.0% |
| Recurring financial charges | 65 | €1,101 | €1,641 | +€539 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €84,980 | €136,702 | +€51,722 | +60.9% |
| Income taxes | 67/77 | €17,000 | €27,097 | +€10,097 | +59.4% |
| Profit (loss) for the period | 9904 | €67,980 | €109,605 | +€41,626 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,980 | €109,605 | +€41,626 | +61.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.