NOZI: 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.
NOZI
Largest movements
- Cash +€41,751
up €41,751 (+74.6%), from €55,936 to €97,687
mainly Net result for the year (+€58,561) and Trade debts (+€19,735)
- Stocks and contracts +€22,310
up €22,310 (+92.4%), from €24,156 to €46,466
- Receivables within one year +€2,902
up €2,902 (+6.4%), from €45,371 to €48,274
of which Trade receivables: +€4,479
- Reserves +€43,561
up €43,561 (+71.8%), from €60,669 to €104,230
- Trade debts +€19,735
up €19,735 (+233.9%), from €8,437 to €28,173
- Tax, wage and social debts +€14,230
up €14,230 (+51.0%), from €27,891 to €42,121
of which Taxes: +€15,730
- Other debts -€13,000
down €13,000 (-39.4%), from €33,000 to €20,000
- Current portion of long-term debt +€2,546
new in 2025: €2,546
- Gross operating margin +€38,936
up €38,936 (+92.2%), from €42,233 to €81,169
- Taxes +€9,400
up €9,400 (+237.2%), from €3,962 to €13,362
- Financial charges +€4,643
up €4,643 (+123.7%), from €3,753 to €8,396
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 | €137,220 | €204,896 | +€67,676 | +49.3% |
| Fixed assets | 21/28 | €11,681 | €12,358 | +€677 | +5.8% |
| Tangible fixed assets | 22/27 | €9,281 | €9,958 | +€677 | +7.3% |
| Furniture and vehicles | 24 | €810 | €2,934 | +€2,124 | +262.2% |
| Other tangible fixed assets | 26 | €8,471 | €7,023 | -€1,448 | -17.1% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €125,539 | €192,538 | +€67,000 | +53.4% |
| Stocks and contracts in progress | 3 | €24,156 | €46,466 | +€22,310 | +92.4% |
| Stocks | 30/36 | €24,156 | €46,466 | +€22,310 | +92.4% |
| Amounts receivable within one year | 40/41 | €45,371 | €48,274 | +€2,902 | +6.4% |
| Trade receivables | 40 | €2,254 | €6,733 | +€4,479 | +198.7% |
| Other amounts receivable | 41 | €43,117 | €41,540 | -€1,577 | -3.7% |
| Cash at bank and in hand | 54/58 | €55,936 | €97,687 | +€41,751 | +74.6% |
| Deferred charges and accrued income | 490/1 | €76 | €112 | +€36 | +47.3% |
| Total equity and liabilities | 10/49 | €137,220 | €204,896 | +€67,676 | +49.3% |
| Equity | 10/15 | €65,669 | €109,230 | +€43,561 | +66.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,669 | €104,230 | +€43,561 | +71.8% |
| Distributable reserves | 133 | €60,669 | €104,230 | +€43,561 | +71.8% |
| Amounts payable | 17/49 | €71,551 | €95,665 | +€24,115 | +33.7% |
| Amounts payable after more than one year | 17 | - | €438 | +€438 | |
| Financial debts | 170/4 | - | €438 | +€438 | |
| Amounts payable within one year | 42/48 | €71,551 | €95,227 | +€23,677 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,546 | +€2,546 | |
| Trade debts | 44 | €8,437 | €28,173 | +€19,735 | +233.9% |
| Suppliers | 440/4 | €8,437 | €28,173 | +€19,735 | +233.9% |
| Advances received on contracts in progress | 46 | €2,223 | €2,388 | +€166 | +7.5% |
| Taxes, remuneration and social security | 45 | €27,891 | €42,121 | +€14,230 | +51.0% |
| Taxes | 450/3 | €26,391 | €42,121 | +€15,730 | +59.6% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €33,000 | €20,000 | -€13,000 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €2,002 | +€185 | +10.2% |
| Other operating charges | 640/8 | €545 | €1,065 | +€520 | +95.4% |
| Gross operating margin | 9900 | €42,233 | €81,169 | +€38,936 | +92.2% |
| Operating profit (loss) | 9901 | €39,871 | €78,102 | +€38,231 | +95.9% |
| Financial income | 75/76B | €2,226 | €2,218 | -€9 | -0.4% |
| Recurring financial income | 75 | €2,226 | €2,218 | -€9 | -0.4% |
| Financial charges | 65/66B | €3,753 | €8,396 | +€4,643 | +123.7% |
| Recurring financial charges | 65 | €3,753 | €8,396 | +€4,643 | +123.7% |
| Profit (loss) for the period before taxes | 9903 | €38,344 | €71,923 | +€33,580 | +87.6% |
| Income taxes | 67/77 | €3,962 | €13,362 | +€9,400 | +237.2% |
| Profit (loss) for the period | 9904 | €34,381 | €58,561 | +€24,180 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,381 | €58,561 | +€24,180 | +70.3% |
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 11 October 2026 via checked.be.