NAZLIM: 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.
NAZLIM
Largest movements
- Receivables within one year -€19,308
down €19,308 (-60.5%), from €31,902 to €12,594
- Tangible fixed assets +€3,100
up €3,100 (+62.6%), from €4,953 to €8,053
of which Plant, machinery and equipment: +€2,174
- Stocks and contracts -€1,108
down €1,108 (-42.0%), from €2,642 to €1,534
- Profit (loss) carried forward -€15,218
down €15,218 (-80.5%), from €18,895 to €3,677
- Trade debts -€2,472
no longer reported in 2025 (was €2,472)
- Financial income -€2,042
no longer reported in 2025 (was €2,042)
- Other operating charges +€1,173
up €1,173 (+170%), from €691 to €1,863
- Gross operating margin -€926
down €926 (-9.6%), from -€9,681 to -€10,607
- Financial charges -€882
down €882 (-56.8%), from €1,554 to €672
- Depreciation +€824
up €824 (+76.5%), from €1,077 to €1,900
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 | €40,362 | €22,796 | -€17,566 | -43.5% |
| Fixed assets | 21/28 | €4,953 | €8,053 | +€3,100 | +62.6% |
| Tangible fixed assets | 22/27 | €4,953 | €8,053 | +€3,100 | +62.6% |
| Plant, machinery and equipment | 23 | - | €2,174 | +€2,174 | |
| Furniture and vehicles | 24 | €689 | €2,394 | +€1,706 | +248% |
| Other tangible fixed assets | 26 | €4,265 | €3,485 | -€779 | -18.3% |
| Current assets | 29/58 | €35,408 | €14,743 | -€20,665 | -58.4% |
| Stocks and contracts in progress | 3 | €2,642 | €1,534 | -€1,108 | -42.0% |
| Stocks | 30/36 | €2,642 | €1,534 | -€1,108 | -42.0% |
| Amounts receivable within one year | 40/41 | €31,902 | €12,594 | -€19,308 | -60.5% |
| Other amounts receivable | 41 | €31,902 | €12,594 | -€19,308 | -60.5% |
| Cash at bank and in hand | 54/58 | €103 | €155 | +€52 | +50.6% |
| Deferred charges and accrued income | 490/1 | €761 | €460 | -€301 | -39.5% |
| Total equity and liabilities | 10/49 | €40,362 | €22,796 | -€17,566 | -43.5% |
| Equity | 10/15 | €37,495 | €22,277 | -€15,218 | -40.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,895 | €3,677 | -€15,218 | -80.5% |
| Amounts payable | 17/49 | €2,867 | €520 | -€2,347 | -81.9% |
| Amounts payable within one year | 42/48 | €2,647 | €520 | -€2,127 | -80.4% |
| Trade debts | 44 | €2,472 | - | -€2,472 | |
| Suppliers | 440/4 | €2,472 | - | -€2,472 | |
| Taxes, remuneration and social security | 45 | €174 | €351 | +€176 | +101% |
| Taxes | 450/3 | €174 | €351 | +€176 | +101% |
| Other amounts payable | 47/48 | - | €169 | +€169 | |
| Accrued charges and deferred income | 492/3 | €220 | - | -€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,077 | €1,900 | +€824 | +76.5% |
| Other operating charges | 640/8 | €691 | €1,863 | +€1,173 | +170% |
| Gross operating margin | 9900 | -€9,681 | -€10,607 | -€926 | -9.6% |
| Operating profit (loss) | 9901 | -€11,448 | -€14,371 | -€2,923 | -25.5% |
| Financial income | 75/76B | €2,042 | - | -€2,042 | |
| Recurring financial income | 75 | €2,042 | - | -€2,042 | |
| Financial charges | 65/66B | €1,554 | €672 | -€882 | -56.8% |
| Recurring financial charges | 65 | €1,554 | €672 | -€882 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,959 | -€15,042 | -€4,083 | -37.3% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€11,134 | -€15,218 | -€4,085 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,134 | -€15,218 | -€4,085 | -36.7% |
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 18 October 2026 via checked.be.