NAZOU: 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.
NAZOU
Largest movements
- Receivables within one year +€3,018
up €3,018 (+28.1%), from €10,741 to €13,759
of which Other amounts receivable: +€3,148
- Deferred charges and accrued income -€848
down €848 (-93.0%), from €912 to €64
- Cash -€301
down €301 (-16.2%), from €1,857 to €1,557
mainly Receivables within one year (-€3,018) and Short-term financial debts (-€2,381)
- Profit (loss) carried forward +€3,137
up €3,137 (+83.7%), from €3,749 to €6,885
- Short-term financial debts -€2,381
no longer reported in 2025 (was €2,381)
- Tax, wage and social debts +€1,154
up €1,154 (+148%), from €781 to €1,934
- Taxes +€762
up €762 (+201%), from €379 to €1,142
- Gross operating margin -€732
down €732 (-12.4%), from €5,913 to €5,181
- Other operating charges -€457
down €457 (-53.3%), from €857 to €400
- Financial income -€296
down €296 (-65.5%), from €452 to €156
- Financial charges -€237
down €237 (-30.2%), from €784 to €547
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 | €15,122 | €16,880 | +€1,758 | +11.6% |
| Fixed assets | 21/28 | €1,612 | €1,500 | -€112 | -6.9% |
| Tangible fixed assets | 22/27 | €112 | - | -€112 | |
| Furniture and vehicles | 24 | €112 | - | -€112 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €13,510 | €15,380 | +€1,869 | +13.8% |
| Amounts receivable within one year | 40/41 | €10,741 | €13,759 | +€3,018 | +28.1% |
| Trade receivables | 40 | €130 | - | -€130 | |
| Other amounts receivable | 41 | €10,611 | €13,759 | +€3,148 | +29.7% |
| Cash at bank and in hand | 54/58 | €1,857 | €1,557 | -€301 | -16.2% |
| Deferred charges and accrued income | 490/1 | €912 | €64 | -€848 | -93.0% |
| Total equity and liabilities | 10/49 | €15,122 | €16,880 | +€1,758 | +11.6% |
| Equity | 10/15 | €11,809 | €14,945 | +€3,137 | +26.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,749 | €6,885 | +€3,137 | +83.7% |
| Amounts payable | 17/49 | €3,313 | €1,934 | -€1,379 | -41.6% |
| Amounts payable within one year | 42/48 | €3,313 | €1,934 | -€1,379 | -41.6% |
| Financial debts | 43 | €2,381 | - | -€2,381 | |
| Credit institutions | 430/8 | €2,381 | - | -€2,381 | |
| Trade debts | 44 | €152 | - | -€152 | |
| Suppliers | 440/4 | €152 | - | -€152 | |
| Taxes, remuneration and social security | 45 | €781 | €1,934 | +€1,154 | +148% |
| Taxes | 450/3 | €781 | €1,934 | +€1,154 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €112 | -€189 | -62.8% |
| Other operating charges | 640/8 | €857 | €400 | -€457 | -53.3% |
| Non-recurring operating charges | 66A | €9 | - | -€9 | |
| Gross operating margin | 9900 | €5,913 | €5,181 | -€732 | -12.4% |
| Operating profit (loss) | 9901 | €4,747 | €4,670 | -€78 | -1.6% |
| Financial income | 75/76B | €452 | €156 | -€296 | -65.5% |
| Recurring financial income | 75 | €452 | €156 | -€296 | -65.5% |
| Financial charges | 65/66B | €784 | €547 | -€237 | -30.2% |
| Recurring financial charges | 65 | €784 | €547 | -€237 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €4,416 | €4,278 | -€137 | -3.1% |
| Income taxes | 67/77 | €379 | €1,142 | +€762 | +201% |
| Profit (loss) for the period | 9904 | €4,037 | €3,137 | -€900 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,037 | €3,137 | -€900 | -22.3% |
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 14 October 2026 via checked.be.