NAZZAL Co: 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.
NAZZAL Co
Largest movements
- Tangible fixed assets -€6,362
down €6,362 (-54.9%), from €11,587 to €5,225
- Receivables within one year -€1,200
down €1,200 (-6.3%), from €18,911 to €17,711
of which Trade receivables: -€13,023
- Contributions +€20,000
up €20,000, from €0 to €20,000
- Trade debts -€16,387
down €16,387 (-97.7%), from €16,771 to €384
- Other debts -€7,972
down €7,972 (-99.2%), from €8,039 to €67
- Profit (loss) carried forward -€3,465
down €3,465 (-53.9%), from €6,428 to €2,963
- Gross operating margin +€4,225
up €4,225 (+38.7%), from €10,917 to €15,142
- Staff costs +€3,453
new in 2025: €3,453
- Taxes -€1,557
down €1,557 (-96.9%), from €1,607 to €50
- Other operating charges +€860
new in 2025: €860
- Depreciation -€811
down €811 (-28.3%), from €2,867 to €2,056
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 | €32,845 | €25,021 | -€7,824 | -23.8% |
| Fixed assets | 21/28 | €11,587 | €5,225 | -€6,362 | -54.9% |
| Tangible fixed assets | 22/27 | €11,587 | €5,225 | -€6,362 | -54.9% |
| Furniture and vehicles | 24 | €11,587 | €5,225 | -€6,362 | -54.9% |
| Current assets | 29/58 | €21,258 | €19,796 | -€1,462 | -6.9% |
| Amounts receivable within one year | 40/41 | €18,911 | €17,711 | -€1,200 | -6.3% |
| Trade receivables | 40 | €17,912 | €4,889 | -€13,023 | -72.7% |
| Other amounts receivable | 41 | €999 | €12,822 | +€11,823 | +1,183% |
| Cash at bank and in hand | 54/58 | €2,346 | €2,085 | -€261 | -11.1% |
| Total equity and liabilities | 10/49 | €32,845 | €25,021 | -€7,824 | -23.8% |
| Equity | 10/15 | €6,428 | €22,963 | +€16,535 | +257% |
| Contributions | 10/11 | €0 | €20,000 | +€20,000 | |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Uncalled capital | 101 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €6,428 | €2,963 | -€3,465 | -53.9% |
| Amounts payable | 17/49 | €26,417 | €2,058 | -€24,359 | -92.2% |
| Amounts payable within one year | 42/48 | €26,417 | €2,058 | -€24,359 | -92.2% |
| Trade debts | 44 | €16,771 | €384 | -€16,387 | -97.7% |
| Suppliers | 440/4 | €16,771 | €384 | -€16,387 | -97.7% |
| Taxes, remuneration and social security | 45 | €1,607 | €1,607 | +€0 | 0.0% |
| Taxes | 450/3 | €1,607 | €1,607 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €8,039 | €67 | -€7,972 | -99.2% |
| Remuneration, social security and pensions | 62 | - | €3,453 | +€3,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,867 | €2,056 | -€811 | -28.3% |
| Other operating charges | 640/8 | - | €860 | +€860 | |
| Non-recurring operating charges | 66A | - | €8,281 | +€8,281 | |
| Gross operating margin | 9900 | €10,917 | €15,142 | +€4,225 | +38.7% |
| Operating profit (loss) | 9901 | €8,050 | €492 | -€7,558 | -93.9% |
| Financial charges | 65/66B | €15 | €70 | +€55 | +362% |
| Recurring financial charges | 65 | €15 | €70 | +€55 | +362% |
| Profit (loss) for the period before taxes | 9903 | €8,034 | €422 | -€7,612 | -94.7% |
| Income taxes | 67/77 | €1,607 | €50 | -€1,557 | -96.9% |
| Profit (loss) for the period | 9904 | €6,428 | €372 | -€6,056 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,428 | €372 | -€6,056 | -94.2% |
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 21 October 2026 via checked.be.