NAZLIM.A: 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.A
Largest movements
- Cash +€15,416
up €15,416 (+72.5%), from €21,264 to €36,680
mainly Net result for the year (+€16,024) and Depreciation (+€13,084)
- Receivables within one year -€8,750
down €8,750 (-21.9%), from €40,025 to €31,276
of which Other amounts receivable: -€6,961
- Tangible fixed assets -€7,210
down €7,210 (-9.8%), from €73,932 to €66,722
of which Leasing and similar rights: -€4,670
- Stocks and contracts -€1,850
down €1,850 (-25.4%), from €7,275 to €5,425
- Debts after one year -€9,299
down €9,299 (-19.5%), from €47,595 to €38,295
- Profit (loss) carried forward +€4,024
up €4,024 (+7.0%), from €57,398 to €61,422
- Tax, wage and social debts +€3,294
up €3,294 (+60.2%), from €5,473 to €8,768
- Trade debts -€2,371
down €2,371 (-46.1%), from €5,144 to €2,773
- Other debts +€2,000
up €2,000 (+20.0%), from €10,000 to €12,000
- Gross operating margin +€24,915
up €24,915 (+96.5%), from €25,815 to €50,730
- Taxes +€3,200
up €3,200 (+42.7%), from €7,493 to €10,694
- Other operating charges +€2,659
up €2,659 (+88.0%), from €3,022 to €5,680
- Financial charges +€908
up €908 (+20.8%), from €4,371 to €5,279
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 | €142,671 | €140,277 | -€2,394 | -1.7% |
| Fixed assets | 21/28 | €74,107 | €66,897 | -€7,210 | -9.7% |
| Tangible fixed assets | 22/27 | €73,932 | €66,722 | -€7,210 | -9.8% |
| Land and buildings | 22 | €43,385 | €40,380 | -€3,005 | -6.9% |
| Plant, machinery and equipment | 23 | €302 | €42 | -€260 | -86.1% |
| Leasing and similar rights | 25 | €13,423 | €8,752 | -€4,670 | -34.8% |
| Other tangible fixed assets | 26 | €16,822 | €17,547 | +€726 | +4.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €68,564 | €73,381 | +€4,816 | +7.0% |
| Stocks and contracts in progress | 3 | €7,275 | €5,425 | -€1,850 | -25.4% |
| Stocks | 30/36 | €7,275 | €5,425 | -€1,850 | -25.4% |
| Amounts receivable within one year | 40/41 | €40,025 | €31,276 | -€8,750 | -21.9% |
| Trade receivables | 40 | €18,371 | €16,582 | -€1,788 | -9.7% |
| Other amounts receivable | 41 | €21,654 | €14,693 | -€6,961 | -32.1% |
| Cash at bank and in hand | 54/58 | €21,264 | €36,680 | +€15,416 | +72.5% |
| Total equity and liabilities | 10/49 | €142,671 | €140,277 | -€2,394 | -1.7% |
| Equity | 10/15 | €65,458 | €69,482 | +€4,024 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €57,398 | €61,422 | +€4,024 | +7.0% |
| Amounts payable | 17/49 | €77,213 | €70,795 | -€6,418 | -8.3% |
| Amounts payable after more than one year | 17 | €47,595 | €38,295 | -€9,299 | -19.5% |
| Financial debts | 170/4 | €47,595 | €38,295 | -€9,299 | -19.5% |
| Amounts payable within one year | 42/48 | €29,619 | €32,500 | +€2,882 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €9,002 | €8,960 | -€42 | -0.5% |
| Trade debts | 44 | €5,144 | €2,773 | -€2,371 | -46.1% |
| Suppliers | 440/4 | €5,144 | €2,773 | -€2,371 | -46.1% |
| Taxes, remuneration and social security | 45 | €5,473 | €8,768 | +€3,294 | +60.2% |
| Taxes | 450/3 | €5,473 | €8,768 | +€3,294 | +60.2% |
| Other amounts payable | 47/48 | €10,000 | €12,000 | +€2,000 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,881 | €13,084 | +€203 | +1.6% |
| Other operating charges | 640/8 | €3,022 | €5,680 | +€2,659 | +88.0% |
| Gross operating margin | 9900 | €25,815 | €50,730 | +€24,915 | +96.5% |
| Operating profit (loss) | 9901 | €9,912 | €31,966 | +€22,054 | +222.5% |
| Financial income | 75/76B | €5 | €30 | +€26 | +531.5% |
| Recurring financial income | 75 | €5 | €30 | +€26 | +531.5% |
| Financial charges | 65/66B | €4,371 | €5,279 | +€908 | +20.8% |
| Recurring financial charges | 65 | €4,371 | €5,279 | +€908 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €5,546 | €26,717 | +€21,171 | +381.7% |
| Income taxes | 67/77 | €7,493 | €10,694 | +€3,200 | +42.7% |
| Profit (loss) for the period | 9904 | -€1,947 | €16,024 | +€17,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,947 | €16,024 | +€17,971 |
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 9 October 2026 via checked.be.