NiZoRo: 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.
NiZoRo
Largest movements
- Receivables within one year +€14,063
up €14,063 (+620%), from €2,270 to €16,332
of which Trade receivables: +€13,782
- Financial fixed assets +€12,025
up €12,025 (+5.2%), from €229,899 to €241,924
- Deferred charges and accrued income +€11,321
up €11,321, from €0 to €11,321
- Reserves +€56,888
up €56,888 (+65.9%), from €86,335 to €143,223
- Profit (loss) carried forward -€54,418
down €54,418 (-95.7%), from €56,888 to €2,470
- Other debts +€44,224
up €44,224 (+354%), from €12,477 to €56,701
- Advances received -€12,364
down €12,364 (-65.6%), from €18,847 to €6,483
- Financial charges +€2,363
up €2,363 (+43.8%), from €5,401 to €7,764
- Depreciation -€1,208
down €1,208 (-26.3%), from €4,591 to €3,384
- Gross operating margin +€1,060
up €1,060 (+16.2%), from €6,551 to €7,612
- Other operating charges +€968
up €968 (+45.3%), from €2,136 to €3,104
- Financial income +€675
up €675 (+6.2%), from €10,874 to €11,549
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 | €235,805 | €270,534 | +€34,729 | +14.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €233,324 | €242,692 | +€9,368 | +4.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €3,425 | €768 | -€2,657 | -77.6% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €3,425 | €768 | -€2,657 | -77.6% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €229,899 | €241,924 | +€12,025 | +5.2% |
| Current assets | 29/58 | €2,481 | €27,842 | +€25,361 | +1,022% |
| Amounts receivable within one year | 40/41 | €2,270 | €16,332 | +€14,063 | +620% |
| Trade receivables | 40 | €0 | €13,782 | +€13,782 | |
| Other amounts receivable | 41 | €2,270 | €2,550 | +€280 | +12.4% |
| Cash at bank and in hand | 54/58 | €211 | €189 | -€23 | -10.7% |
| Deferred charges and accrued income | 490/1 | €0 | €11,321 | +€11,321 | |
| Total equity and liabilities | 10/49 | €235,805 | €270,534 | +€34,729 | +14.7% |
| Equity | 10/15 | €163,683 | €166,153 | +€2,470 | +1.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €86,335 | €143,223 | +€56,888 | +65.9% |
| Distributable reserves | 133 | €86,335 | €143,223 | +€56,888 | +65.9% |
| Profit (loss) carried forward | 14 | €56,888 | €2,470 | -€54,418 | -95.7% |
| Amounts payable | 17/49 | €72,121 | €104,381 | +€32,260 | +44.7% |
| Amounts payable within one year | 42/48 | €72,121 | €104,381 | +€32,260 | +44.7% |
| Financial debts | 43 | €24,728 | €25,563 | +€835 | +3.4% |
| Credit institutions | 430/8 | €24,728 | €25,563 | +€835 | +3.4% |
| Trade debts | 44 | €9,868 | €10,812 | +€944 | +9.6% |
| Suppliers | 440/4 | €9,868 | €10,812 | +€944 | +9.6% |
| Advances received on contracts in progress | 46 | €18,847 | €6,483 | -€12,364 | -65.6% |
| Taxes, remuneration and social security | 45 | €6,201 | €4,822 | -€1,379 | -22.2% |
| Taxes | 450/3 | €6,201 | €4,822 | -€1,379 | -22.2% |
| Other amounts payable | 47/48 | €12,477 | €56,701 | +€44,224 | +354% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,591 | €3,384 | -€1,208 | -26.3% |
| Other operating charges | 640/8 | €2,136 | €3,104 | +€968 | +45.3% |
| Gross operating margin | 9900 | €6,551 | €7,612 | +€1,060 | +16.2% |
| Operating profit (loss) | 9901 | -€176 | €1,124 | +€1,300 | |
| Financial income | 75/76B | €10,874 | €11,549 | +€675 | +6.2% |
| Recurring financial income | 75 | €10,874 | €11,549 | +€675 | +6.2% |
| Financial charges | 65/66B | €5,401 | €7,764 | +€2,363 | +43.8% |
| Recurring financial charges | 65 | €5,401 | €7,764 | +€2,363 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €5,297 | €4,909 | -€388 | -7.3% |
| Income taxes | 67/77 | €2,116 | €2,440 | +€324 | +15.3% |
| Profit (loss) for the period | 9904 | €3,182 | €2,470 | -€712 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,182 | €2,470 | -€712 | -22.4% |
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 22 October 2026 via checked.be.