Nizar Projects: 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.
Nizar Projects
Largest movements
- Cash -€6,994
down €6,994 (-94.5%), from €7,402 to €408
mainly Receivables within one year (-€5,706) and Investment in fixed assets (net) (-€2,830)
- Receivables within one year +€5,706
up €5,706 (+318%), from €1,795 to €7,500
- Tangible fixed assets -€549
down €549 (-8.3%), from €6,607 to €6,058
- Other debts -€2,742
down €2,742 (-24.8%), from €11,034 to €8,292
- Profit (loss) carried forward +€658
up €658 (+42.3%), from €1,557 to €2,216
- Tax, wage and social debts +€246
up €246 (+116%), from €212 to €458
- Gross operating margin +€3,495
up €3,495 (+311%), from €1,124 to €4,619
- Depreciation +€943
up €943 (+38.7%), from €2,436 to €3,379
- Taxes +€246
up €246 (+116%), from €212 to €458
- Other operating charges +€62
new in 2024: €62
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,803 | €13,966 | -€1,837 | -11.6% |
| Fixed assets | 21/28 | €6,607 | €6,058 | -€549 | -8.3% |
| Tangible fixed assets | 22/27 | €6,607 | €6,058 | -€549 | -8.3% |
| Furniture and vehicles | 24 | €6,607 | €6,058 | -€549 | -8.3% |
| Current assets | 29/58 | €9,197 | €7,908 | -€1,289 | -14.0% |
| Amounts receivable within one year | 40/41 | €1,795 | €7,500 | +€5,706 | +318% |
| Trade receivables | 40 | €1,795 | €7,500 | +€5,706 | +318% |
| Cash at bank and in hand | 54/58 | €7,402 | €408 | -€6,994 | -94.5% |
| Total equity and liabilities | 10/49 | €15,803 | €13,966 | -€1,837 | -11.6% |
| Equity | 10/15 | €4,557 | €5,216 | +€658 | +14.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,557 | €2,216 | +€658 | +42.3% |
| Amounts payable | 17/49 | €11,246 | €8,751 | -€2,496 | -22.2% |
| Amounts payable within one year | 42/48 | €11,246 | €8,751 | -€2,496 | -22.2% |
| Taxes, remuneration and social security | 45 | €212 | €458 | +€246 | +116% |
| Taxes | 450/3 | €212 | €458 | +€246 | +116% |
| Other amounts payable | 47/48 | €11,034 | €8,292 | -€2,742 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,436 | €3,379 | +€943 | +38.7% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €1,124 | €4,619 | +€3,495 | +311% |
| Operating profit (loss) | 9901 | -€1,312 | €1,178 | +€2,490 | |
| Financial charges | 65/66B | €67 | €61 | -€5 | -8.1% |
| Recurring financial charges | 65 | €67 | €61 | -€5 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,379 | €1,117 | +€2,495 | |
| Income taxes | 67/77 | €212 | €458 | +€246 | +116% |
| Profit (loss) for the period | 9904 | -€1,591 | €658 | +€2,249 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,591 | €658 | +€2,249 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.