NEDZINK: 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.
What changed
NEDZINK
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€259,440
2024 · €46,376+€213,064
Equity
€2.2m
2024 · €1.9m+€259,440
Cash
€9,749
2024 · €4,081+€5,668
Balance sheet total
€4.3m
2024 · €4.5m-€216,345
Largest movements
Assets
- Receivables within one year -€153,650
down €153,650 (-8.9%), from €1.7m to €1.6m
of which Trade receivables: -€94,968
- Stocks and contracts -€99,766
down €99,766 (-6.8%), from €1.5m to €1.4m
Equity and liabilities
- Trade debts -€521,772
down €521,772 (-29.3%), from €1.8m to €1.3m
- Profit (loss) carried forward +€259,440
up €259,440 (+40.8%), from €636,536 to €895,976
- Tax, wage and social debts +€155,315
up €155,315 (+41.3%), from €375,686 to €531,001
of which Taxes: +€100,183
- Debts after one year -€78,067
down €78,067 (-29.3%), from €266,118 to €188,051
- Revaluation surpluses -€56,781
down €56,781 (-7.7%), from €736,262 to €679,481
Income statement
- Turnover +€2.0m
up €2.0m (+9.9%), from €20.0m to €22.0m
- Goods and materials +€1.4m
up €1.4m (+7.9%), from €17.7m to €19.2m
of which Purchases: +€1.0m
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.
Result 2024
€46,376
Turnover
+€2.0m
Other operating income
+€4,470
Goods and materials
-€1.4m
Services and other goods
-€46,857
Staff costs
-€183,798
Depreciation
-€11,587
Write-downs
-€153,042
Other operating charges
+€102,510
Other operating items
-€17,369
Financial income
+€13,155
Financial charges
+€1,659
Taxes
-€78,910
Result 2025
€259,440
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€276,352
Investment
-€194,098
Financing
-€76,586
Cash 2024
€4,081
From operations (derived)
+€276,352
Net result for the year
+€259,440
Depreciation
+€163,341
Stocks and contracts
+€99,766
Receivables within one year
+€153,650
Deferred charges and accrued income
-€646
Trade debts
-€521,772
Tax, wage and social debts
+€155,315
Other debts
-€21,074
Accrued charges and deferred income
-€11,668
Investment (derived)
-€194,098
Investment in fixed assets (net)
-€194,098
Financing
-€76,586
Debts after one year
-€78,067
Current portion of long-term debt
+€1,481
Cash 2025
€9,749
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,536,509 | €4,320,164 | -€216,345 | -4.8% |
| Fixed assets | 21/28 | €1,323,032 | €1,353,789 | +€30,757 | +2.3% |
| Intangible fixed assets | 21 | €1,027 | €22,935 | +€21,908 | +2,133% |
| Tangible fixed assets | 22/27 | €1,319,505 | €1,328,354 | +€8,849 | +0.7% |
| Land and buildings | 22 | €1,128,203 | €1,075,540 | -€52,663 | -4.7% |
| Plant, machinery and equipment | 23 | €188,268 | €240,010 | +€51,742 | +27.5% |
| Furniture and vehicles | 24 | €2,399 | €6,510 | +€4,111 | +171% |
| Other tangible fixed assets | 26 | €635 | €6,294 | +€5,659 | +891% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €3,213,477 | €2,966,375 | -€247,102 | -7.7% |
| Stocks and contracts in progress | 3 | €1,468,060 | €1,368,294 | -€99,766 | -6.8% |
| Stocks | 30/36 | €1,468,060 | €1,368,294 | -€99,766 | -6.8% |
| Raw materials and consumables | 30/31 | €156,671 | €126,630 | -€30,041 | -19.2% |
| Finished goods | 33 | €21,646 | €26,024 | +€4,378 | +20.2% |
| Goods purchased for resale | 34 | €1,289,743 | €1,215,640 | -€74,103 | -5.7% |
| Amounts receivable within one year | 40/41 | €1,732,412 | €1,578,762 | -€153,650 | -8.9% |
| Trade receivables | 40 | €991,432 | €896,464 | -€94,968 | -9.6% |
| Other amounts receivable | 41 | €740,980 | €682,298 | -€58,682 | -7.9% |
| Cash at bank and in hand | 54/58 | €4,081 | €9,749 | +€5,668 | +139% |
| Deferred charges and accrued income | 490/1 | €8,924 | €9,570 | +€646 | +7.2% |
| Total equity and liabilities | 10/49 | €4,536,509 | €4,320,164 | -€216,345 | -4.8% |
| Equity | 10/15 | €1,947,334 | €2,206,774 | +€259,440 | +13.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €736,262 | €679,481 | -€56,781 | -7.7% |
| Reserves | 13 | €512,536 | €569,317 | +€56,781 | +11.1% |
| Non-distributable reserves | 130/1 | €14,897 | €14,897 | = | 0.0% |
| Legal reserve | 130 | €8,882 | €8,882 | = | 0.0% |
| Other | 1319 | €6,015 | €6,015 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,914 | €94,914 | = | 0.0% |
| Distributable reserves | 133 | €402,725 | €459,506 | +€56,781 | +14.1% |
| Profit (loss) carried forward | 14 | €636,536 | €895,976 | +€259,440 | +40.8% |
| Amounts payable | 17/49 | €2,589,175 | €2,113,390 | -€475,785 | -18.4% |
| Amounts payable after more than one year | 17 | €266,118 | €188,051 | -€78,067 | -29.3% |
| Financial debts | 170/4 | €266,118 | €188,051 | -€78,067 | -29.3% |
| Credit institutions | 173 | €266,118 | €188,051 | -€78,067 | -29.3% |
| Amounts payable within one year | 42/48 | €2,254,887 | €1,868,837 | -€386,050 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €76,587 | €78,068 | +€1,481 | +1.9% |
| Trade debts | 44 | €1,781,540 | €1,259,768 | -€521,772 | -29.3% |
| Suppliers | 440/4 | €1,781,540 | €1,259,768 | -€521,772 | -29.3% |
| Taxes, remuneration and social security | 45 | €375,686 | €531,001 | +€155,315 | +41.3% |
| Taxes | 450/3 | €279,730 | €379,913 | +€100,183 | +35.8% |
| Remuneration and social security | 454/9 | €95,956 | €151,088 | +€55,132 | +57.5% |
| Other amounts payable | 47/48 | €21,074 | - | -€21,074 | |
| Accrued charges and deferred income | 492/3 | €68,170 | €56,502 | -€11,668 | -17.1% |
| Operating income | 70/76A | €20,069,889 | €22,047,134 | +€2.0m | +9.9% |
| Turnover | 70 | €20,029,770 | €22,016,873 | +€2.0m | +9.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €18,767 | €4,439 | -€14,328 | -76.3% |
| Other operating income | 74 | €21,352 | €25,822 | +€4,470 | +20.9% |
| Operating charges | 60/66A | €19,650,032 | €21,350,117 | +€1.7m | +8.7% |
| Goods for resale, raw materials and consumables | 60 | €17,746,084 | €19,150,354 | +€1.4m | +7.9% |
| Purchases | 600/8 | €18,057,436 | €19,064,757 | +€1.0m | +5.6% |
| Change in stocks: decrease (increase) | 609 | -€311,352 | €85,597 | +€396,949 | |
| Services and other goods | 61 | €1,020,643 | €1,067,500 | +€46,857 | +4.6% |
| Remuneration, social security and pensions | 62 | €706,096 | €889,894 | +€183,798 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,754 | €163,341 | +€11,587 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€106,464 | €46,578 | +€153,042 | |
| Other operating charges | 640/8 | €131,919 | €29,409 | -€102,510 | -77.7% |
| Non-recurring operating charges | 66A | - | €3,041 | +€3,041 | |
| Operating profit (loss) | 9901 | €419,857 | €697,017 | +€277,160 | +66.0% |
| Financial income | 75/76B | €1,352 | €14,507 | +€13,155 | +973% |
| Recurring financial income | 75 | €1,352 | €14,507 | +€13,155 | +973% |
| Other financial income | 752/9 | €1,352 | €14,507 | +€13,155 | +973% |
| Financial charges | 65/66B | €314,036 | €312,377 | -€1,659 | -0.5% |
| Recurring financial charges | 65 | €314,036 | €312,377 | -€1,659 | -0.5% |
| Debt charges | 650 | €20,048 | €9,023 | -€11,025 | -55.0% |
| Other financial charges | 652/9 | €293,988 | €303,354 | +€9,366 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €107,173 | €399,147 | +€291,974 | +272% |
| Income taxes | 67/77 | €60,797 | €139,707 | +€78,910 | +130% |
| Taxes | 670/3 | €60,797 | €139,707 | +€78,910 | +130% |
| Profit (loss) for the period | 9904 | €46,376 | €259,440 | +€213,064 | +459% |
| Profit (loss) for the period to be appropriated | 9905 | €46,376 | €259,440 | +€213,064 | +459% |
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 23 October 2026 via checked.be.