NAZZA: 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.
NAZZA
Largest movements
- Cash -€32,416
down €32,416 (-47.5%), from €68,288 to €35,872
mainly Net result for the year (-€29,169) and Tax, wage and social debts (-€4,236)
- Receivables within one year +€3,675
up €3,675 (+106%), from €3,461 to €7,136
of which Other amounts receivable: +€4,248
- Receivables after one year +€2,042
up €2,042 (+7.7%), from €26,539 to €28,580
- Profit (loss) carried forward -€29,169
down €29,169 (-66.3%), from €43,975 to €14,806
- Tax, wage and social debts -€4,236
down €4,236 (-89.9%), from €4,710 to €474
- Other debts +€3,836
up €3,836 (+67.4%), from €5,695 to €9,532
- Current portion of long-term debt +€2,278
up €2,278, from €0 to €2,278
- Purchases and services +€199,776
new in 2025: €199,776
- Gross operating margin -€25,873
down €25,873 (-14,000%), from -€185 to -€26,057
- Taxes -€7,686
down €7,686, from €5,832 to -€1,854
- Other operating charges -€5,026
down €5,026 (-65.1%), from €7,719 to €2,693
- Depreciation -€545
no longer reported in 2025 (was €545)
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 | €106,878 | €80,243 | -€26,635 | -24.9% |
| Current assets | 29/58 | €106,878 | €80,243 | -€26,635 | -24.9% |
| Amounts receivable after more than one year | 29 | €26,539 | €28,580 | +€2,042 | +7.7% |
| Other amounts receivable | 291 | €26,539 | €28,580 | +€2,042 | +7.7% |
| Stocks and contracts in progress | 3 | €1,232 | €1,232 | = | 0.0% |
| Stocks | 30/36 | €1,232 | €1,232 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,461 | €7,136 | +€3,675 | +106% |
| Trade receivables | 40 | €863 | €290 | -€574 | -66.4% |
| Other amounts receivable | 41 | €2,598 | €6,846 | +€4,248 | +164% |
| Cash at bank and in hand | 54/58 | €68,288 | €35,872 | -€32,416 | -47.5% |
| Deferred charges and accrued income | 490/1 | €7,357 | €7,422 | +€65 | +0.9% |
| Total equity and liabilities | 10/49 | €106,878 | €80,243 | -€26,635 | -24.9% |
| Equity | 10/15 | €94,875 | €65,706 | -€29,169 | -30.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €31,900 | €31,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,975 | €14,806 | -€29,169 | -66.3% |
| Amounts payable | 17/49 | €12,003 | €14,537 | +€2,534 | +21.1% |
| Amounts payable within one year | 42/48 | €11,991 | €14,326 | +€2,335 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €2,278 | +€2,278 | |
| Financial debts | 43 | €1,375 | €1,370 | -€5 | -0.3% |
| Credit institutions | 430/8 | €1,375 | €1,370 | -€5 | -0.3% |
| Trade debts | 44 | €211 | €672 | +€462 | +219% |
| Suppliers | 440/4 | €211 | €672 | +€462 | +219% |
| Taxes, remuneration and social security | 45 | €4,710 | €474 | -€4,236 | -89.9% |
| Taxes | 450/3 | €4,710 | €474 | -€4,236 | -89.9% |
| Other amounts payable | 47/48 | €5,695 | €9,532 | +€3,836 | +67.4% |
| Accrued charges and deferred income | 492/3 | €12 | €211 | +€199 | +1,709% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €199,776 | +€199,776 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | - | -€545 | |
| Other operating charges | 640/8 | €7,719 | €2,693 | -€5,026 | -65.1% |
| Gross operating margin | 9900 | -€185 | -€26,057 | -€25,873 | -14,000% |
| Operating profit (loss) | 9901 | -€8,448 | -€28,750 | -€20,302 | -240% |
| Financial income | 75/76B | €805 | €715 | -€90 | -11.1% |
| Recurring financial income | 75 | €805 | €715 | -€90 | -11.1% |
| Financial charges | 65/66B | €3,482 | €2,988 | -€494 | -14.2% |
| Recurring financial charges | 65 | €3,482 | €2,988 | -€494 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,126 | -€31,023 | -€19,897 | -179% |
| Income taxes | 67/77 | €5,832 | -€1,854 | -€7,686 | |
| Profit (loss) for the period | 9904 | -€16,958 | -€29,169 | -€12,211 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,958 | -€29,169 | -€12,211 | -72.0% |
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.