NZ: what changed
Two fiscal 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.
NZ
Largest movements
- Cash +€24,755
up €24,755 (+27.6%), from €89,789 to €114,544
mainly Net result for the year (+€69,169) and Depreciation (+€19,359)
- Tangible fixed assets -€19,359
down €19,359 (-8.8%), from €221,244 to €201,885
of which Furniture and vehicles: -€14,823
- Receivables within one year +€9,152
up €9,152 (+17.9%), from €51,048 to €60,200
of which Trade receivables: +€8,980
- Reserves +€32,169
up €32,169 (+15.4%), from €209,440 to €241,608
- Debts after one year -€24,294
down €24,294 (-15.6%), from €155,845 to €131,551
- Tax, wage and social debts +€6,713
up €6,713 (+65.5%), from €10,252 to €16,965
of which Taxes: +€3,468
- Gross operating margin -€1,439
down €1,439 (-1.0%), from €137,649 to €136,210
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 | €407,036 | €421,655 | +€14,619 | +3.6% |
| Fixed assets | 21/28 | €261,500 | €242,141 | -€19,359 | -7.4% |
| Tangible fixed assets | 22/27 | €221,244 | €201,885 | -€19,359 | -8.8% |
| Land and buildings | 22 | €176,696 | €172,160 | -€4,536 | -2.6% |
| Furniture and vehicles | 24 | €44,549 | €29,725 | -€14,823 | -33.3% |
| Financial fixed assets | 28 | €40,255 | €40,255 | = | 0.0% |
| Current assets | 29/58 | €145,536 | €179,514 | +€33,978 | +23.3% |
| Amounts receivable within one year | 40/41 | €51,048 | €60,200 | +€9,152 | +17.9% |
| Trade receivables | 40 | €21,186 | €30,166 | +€8,980 | +42.4% |
| Other amounts receivable | 41 | €29,862 | €30,035 | +€172 | +0.6% |
| Cash at bank and in hand | 54/58 | €89,789 | €114,544 | +€24,755 | +27.6% |
| Deferred charges and accrued income | 490/1 | €4,699 | €4,770 | +€71 | +1.5% |
| Total equity and liabilities | 10/49 | €407,036 | €421,655 | +€14,619 | +3.6% |
| Equity | 10/15 | €211,952 | €244,120 | +€32,169 | +15.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €209,440 | €241,608 | +€32,169 | +15.4% |
| Distributable reserves | 133 | €209,440 | €241,608 | +€32,169 | +15.4% |
| Profit (loss) carried forward | 14 | €512 | €512 | = | 0.0% |
| Amounts payable | 17/49 | €195,084 | €177,535 | -€17,550 | -9.0% |
| Amounts payable after more than one year | 17 | €155,845 | €131,551 | -€24,294 | -15.6% |
| Financial debts | 170/4 | €155,845 | €131,551 | -€24,294 | -15.6% |
| Amounts payable within one year | 42/48 | €38,725 | €45,501 | +€6,776 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €23,209 | €24,294 | +€1,085 | +4.7% |
| Financial debts | 43 | €756 | €786 | +€30 | +4.0% |
| Credit institutions | 430/8 | €756 | €786 | +€30 | +4.0% |
| Trade debts | 44 | €4,508 | €2,948 | -€1,560 | -34.6% |
| Suppliers | 440/4 | €4,508 | €2,948 | -€1,560 | -34.6% |
| Taxes, remuneration and social security | 45 | €10,252 | €16,965 | +€6,713 | +65.5% |
| Taxes | 450/3 | €10,252 | €13,720 | +€3,468 | +33.8% |
| Remuneration and social security | 454/9 | - | €3,245 | +€3,245 | |
| Other amounts payable | 47/48 | - | €507 | +€507 | |
| Accrued charges and deferred income | 492/3 | €514 | €483 | -€31 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,794 | €19,359 | -€435 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100 | €0 | -€100 | -100.0% |
| Other operating charges | 640/8 | €8,678 | €9,947 | +€1,269 | +14.6% |
| Gross operating margin | 9900 | €137,649 | €136,210 | -€1,439 | -1.0% |
| Operating profit (loss) | 9901 | €109,076 | €106,905 | -€2,172 | -2.0% |
| Financial income | 75/76B | €0 | €3 | +€3 | +3587.5% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +3587.5% |
| Financial charges | 65/66B | €8,290 | €7,181 | -€1,109 | -13.4% |
| Recurring financial charges | 65 | €8,290 | €7,181 | -€1,109 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €100,787 | €99,727 | -€1,060 | -1.1% |
| Income taxes | 67/77 | €30,818 | €30,558 | -€259 | -0.8% |
| Profit (loss) for the period | 9904 | €69,969 | €69,169 | -€800 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,969 | €69,169 | -€800 | -1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.