NILOUFAR SADEGHI: 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.
NILOUFAR SADEGHI
Largest movements
- Receivables within one year +€156,392
up €156,392 (+195.7%), from €79,898 to €236,290
- Cash +€32,874
up €32,874 (+36.4%), from €90,262 to €123,136
mainly Net result for the year (+€161,144) and Deferred charges and accrued income (+€19,718)
- Deferred charges and accrued income -€19,718
no longer reported in 2025 (was €19,718)
- Profit (loss) carried forward +€161,144
up €161,144 (+104.2%), from €154,696 to €315,840
- Tax, wage and social debts +€11,714
up €11,714 (+31.6%), from €37,058 to €48,771
- Debts after one year -€5,564
down €5,564 (-34.5%), from €16,131 to €10,567
- Gross operating margin +€62,009
up €62,009 (+40.8%), from €151,863 to €213,872
- Taxes +€16,598
up €16,598 (+51.6%), from €32,151 to €48,749
- Financial income +€3,953
up €3,953 (+258.2%), from €1,531 to €5,483
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 | €216,129 | €383,743 | +€167,613 | +77.6% |
| Fixed assets | 21/28 | €26,251 | €24,317 | -€1,934 | -7.4% |
| Tangible fixed assets | 22/27 | €26,251 | €24,317 | -€1,934 | -7.4% |
| Plant, machinery and equipment | 23 | €1,827 | €6,307 | +€4,480 | +245.3% |
| Furniture and vehicles | 24 | €3,518 | €2,605 | -€913 | -25.9% |
| Leasing and similar rights | 25 | €20,907 | €15,405 | -€5,502 | -26.3% |
| Current assets | 29/58 | €189,878 | €359,426 | +€169,548 | +89.3% |
| Amounts receivable within one year | 40/41 | €79,898 | €236,290 | +€156,392 | +195.7% |
| Other amounts receivable | 41 | €79,898 | €236,290 | +€156,392 | +195.7% |
| Cash at bank and in hand | 54/58 | €90,262 | €123,136 | +€32,874 | +36.4% |
| Deferred charges and accrued income | 490/1 | €19,718 | - | -€19,718 | |
| Total equity and liabilities | 10/49 | €216,129 | €383,743 | +€167,613 | +77.6% |
| Equity | 10/15 | €157,696 | €318,840 | +€161,144 | +102.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,696 | €315,840 | +€161,144 | +104.2% |
| Amounts payable | 17/49 | €58,433 | €64,903 | +€6,469 | +11.1% |
| Amounts payable after more than one year | 17 | €16,131 | €10,567 | -€5,564 | -34.5% |
| Financial debts | 170/4 | €16,131 | €10,567 | -€5,564 | -34.5% |
| Amounts payable within one year | 42/48 | €42,302 | €54,336 | +€12,034 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €5,244 | €5,564 | +€320 | +6.1% |
| Taxes, remuneration and social security | 45 | €37,058 | €48,771 | +€11,714 | +31.6% |
| Taxes | 450/3 | €37,058 | €48,771 | +€11,714 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,987 | €7,530 | -€457 | -5.7% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €151,863 | €213,872 | +€62,009 | +40.8% |
| Operating profit (loss) | 9901 | €143,812 | €206,275 | +€62,463 | +43.4% |
| Financial income | 75/76B | €1,531 | €5,483 | +€3,953 | +258.2% |
| Recurring financial income | 75 | €1,531 | €5,483 | +€3,953 | +258.2% |
| Financial charges | 65/66B | €1,747 | €1,865 | +€118 | +6.8% |
| Recurring financial charges | 65 | €1,747 | €1,865 | +€118 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €143,595 | €209,893 | +€66,298 | +46.2% |
| Income taxes | 67/77 | €32,151 | €48,749 | +€16,598 | +51.6% |
| Profit (loss) for the period | 9904 | €111,444 | €161,144 | +€49,700 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,444 | €161,144 | +€49,700 | +44.6% |
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.