NOZI CONSULT: 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 CONSULT
Largest movements
- Cash +€39,071
up €39,071 (+72.9%), from €53,566 to €92,637
mainly Net result for the year (+€62,523) and Other debts (+€48,193)
- Deferred charges and accrued income +€15,311
up €15,311 (+2,691%), from €569 to €15,880
- Tangible fixed assets -€14,436
down €14,436 (-17.7%), from €81,503 to €67,067
of which Leasing and similar rights: -€13,775
- Receivables within one year -€14,109
down €14,109 (-35.4%), from €39,849 to €25,740
of which Trade receivables: -€12,244
- Current investments -€6,618
down €6,618 (-21.7%), from €30,519 to €23,900
- Other debts +€48,193
up €48,193 (+1,012%), from €4,762 to €52,955
- Debts after one year -€13,953
down €13,953 (-49.7%), from €28,089 to €14,136
- Tax, wage and social debts -€9,382
down €9,382 (-43.7%), from €21,466 to €12,083
of which Remuneration and social security: -€6,495
- Reserves -€7,477
down €7,477 (-6.4%), from €117,592 to €110,115
- Trade debts +€2,409
up €2,409 (+62.9%), from €3,831 to €6,240
- Gross operating margin +€5,724
up €5,724 (+6.0%), from €95,621 to €101,344
- Taxes +€1,675
up €1,675 (+11.0%), from €15,218 to €16,894
- Other operating charges -€1,199
down €1,199 (-40.1%), from €2,989 to €1,790
- Financial income -€1,095
down €1,095 (-22.0%), from €4,986 to €3,891
- Depreciation +€1,062
up €1,062 (+4.8%), from €22,271 to €23,333
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 | €208,114 | €228,084 | +€19,969 | +9.6% |
| Fixed assets | 21/28 | €81,513 | €67,077 | -€14,436 | -17.7% |
| Tangible fixed assets | 22/27 | €81,503 | €67,067 | -€14,436 | -17.7% |
| Plant, machinery and equipment | 23 | €7,489 | €8,901 | +€1,413 | +18.9% |
| Furniture and vehicles | 24 | €1,919 | €2,382 | +€463 | +24.1% |
| Leasing and similar rights | 25 | €42,419 | €28,644 | -€13,775 | -32.5% |
| Other tangible fixed assets | 26 | €29,677 | €27,139 | -€2,537 | -8.5% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €126,601 | €161,006 | +€34,405 | +27.2% |
| Stocks and contracts in progress | 3 | €2,099 | €2,849 | +€750 | +35.7% |
| Stocks | 30/36 | €2,099 | €2,849 | +€750 | +35.7% |
| Amounts receivable within one year | 40/41 | €39,849 | €25,740 | -€14,109 | -35.4% |
| Trade receivables | 40 | €33,744 | €21,501 | -€12,244 | -36.3% |
| Other amounts receivable | 41 | €6,104 | €4,239 | -€1,865 | -30.6% |
| Current investments | 50/53 | €30,519 | €23,900 | -€6,618 | -21.7% |
| Cash at bank and in hand | 54/58 | €53,566 | €92,637 | +€39,071 | +72.9% |
| Deferred charges and accrued income | 490/1 | €569 | €15,880 | +€15,311 | +2,691% |
| Total equity and liabilities | 10/49 | €208,114 | €228,084 | +€19,969 | +9.6% |
| Equity | 10/15 | €136,192 | €128,715 | -€7,477 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,592 | €110,115 | -€7,477 | -6.4% |
| Distributable reserves | 133 | €117,592 | €110,115 | -€7,477 | -6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,922 | €99,368 | +€27,446 | +38.2% |
| Amounts payable after more than one year | 17 | €28,089 | €14,136 | -€13,953 | -49.7% |
| Financial debts | 170/4 | €28,089 | €14,136 | -€13,953 | -49.7% |
| Amounts payable within one year | 42/48 | €43,831 | €85,232 | +€41,401 | +94.5% |
| Current portion of amounts payable after more than one year | 42 | €13,772 | €13,953 | +€181 | +1.3% |
| Trade debts | 44 | €3,831 | €6,240 | +€2,409 | +62.9% |
| Suppliers | 440/4 | €3,831 | €6,240 | +€2,409 | +62.9% |
| Taxes, remuneration and social security | 45 | €21,466 | €12,083 | -€9,382 | -43.7% |
| Taxes | 450/3 | €14,970 | €12,083 | -€2,887 | -19.3% |
| Remuneration and social security | 454/9 | €6,495 | €0 | -€6,495 | -100% |
| Other amounts payable | 47/48 | €4,762 | €52,955 | +€48,193 | +1,012% |
| Accrued charges and deferred income | 492/3 | €2 | €0 | -€2 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,271 | €23,333 | +€1,062 | +4.8% |
| Other operating charges | 640/8 | €2,989 | €1,790 | -€1,199 | -40.1% |
| Gross operating margin | 9900 | €95,621 | €101,344 | +€5,724 | +6.0% |
| Operating profit (loss) | 9901 | €70,360 | €76,221 | +€5,860 | +8.3% |
| Financial income | 75/76B | €4,986 | €3,891 | -€1,095 | -22.0% |
| Recurring financial income | 75 | €4,986 | €3,891 | -€1,095 | -22.0% |
| Financial charges | 65/66B | €895 | €695 | -€200 | -22.4% |
| Recurring financial charges | 65 | €895 | €695 | -€200 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €74,451 | €79,417 | +€4,966 | +6.7% |
| Income taxes | 67/77 | €15,218 | €16,894 | +€1,675 | +11.0% |
| Profit (loss) for the period | 9904 | €59,233 | €62,523 | +€3,290 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,233 | €62,523 | +€3,290 | +5.6% |
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 29 October 2026 via checked.be.