NZ DELIVERY: 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.
NZ DELIVERY
Largest movements
- Intangible fixed assets -€22,158
down €22,158 (-31.8%), from €69,685 to €47,527
- Stocks and contracts +€5,347
up €5,347 (+12.4%), from €42,976 to €48,323
- Receivables within one year +€3,539
up €3,539 (+6.0%), from €59,321 to €62,860
of which Other amounts receivable: +€5,225
- Cash -€3,090
down €3,090 (-24.7%), from €12,501 to €9,411
mainly Debts after one year (-€19,301) and Trade debts (-€7,564)
- Tangible fixed assets +€2,292
up €2,292 (+228%), from €1,007 to €3,299
- Debts after one year -€19,301
down €19,301 (-51.6%), from €37,388 to €18,087
- Tax, wage and social debts +€16,629
up €16,629 (+136%), from €12,188 to €28,817
of which Remuneration and social security: +€20,102
- Trade debts -€7,564
down €7,564 (-20.3%), from €37,248 to €29,684
- Profit (loss) carried forward -€4,635
down €4,635 (-10.4%), from €44,657 to €40,022
- Staff costs +€26,150
up €26,150 (+17.9%), from €146,356 to €172,506
- Other operating charges -€2,947
down €2,947 (-35.5%), from €8,309 to €5,362
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 | €188,150 | €174,080 | -€14,070 | -7.5% |
| Fixed assets | 21/28 | €73,352 | €53,486 | -€19,866 | -27.1% |
| Intangible fixed assets | 21 | €69,685 | €47,527 | -€22,158 | -31.8% |
| Tangible fixed assets | 22/27 | €1,007 | €3,299 | +€2,292 | +228% |
| Plant, machinery and equipment | 23 | €1,007 | €3,299 | +€2,292 | +228% |
| Financial fixed assets | 28 | €2,660 | €2,660 | = | 0.0% |
| Current assets | 29/58 | €114,798 | €120,594 | +€5,796 | +5.0% |
| Stocks and contracts in progress | 3 | €42,976 | €48,323 | +€5,347 | +12.4% |
| Stocks | 30/36 | €42,976 | €48,323 | +€5,347 | +12.4% |
| Amounts receivable within one year | 40/41 | €59,321 | €62,860 | +€3,539 | +6.0% |
| Trade receivables | 40 | €56,877 | €55,191 | -€1,686 | -3.0% |
| Other amounts receivable | 41 | €2,443 | €7,669 | +€5,225 | +214% |
| Cash at bank and in hand | 54/58 | €12,501 | €9,411 | -€3,090 | -24.7% |
| Total equity and liabilities | 10/49 | €188,150 | €174,080 | -€14,070 | -7.5% |
| Equity | 10/15 | €65,117 | €60,482 | -€4,635 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,657 | €40,022 | -€4,635 | -10.4% |
| Amounts payable | 17/49 | €123,033 | €113,597 | -€9,436 | -7.7% |
| Amounts payable after more than one year | 17 | €37,388 | €18,087 | -€19,301 | -51.6% |
| Financial debts | 170/4 | €37,388 | €18,087 | -€19,301 | -51.6% |
| Amounts payable within one year | 42/48 | €85,645 | €95,511 | +€9,866 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €32,209 | €33,010 | +€801 | +2.5% |
| Trade debts | 44 | €37,248 | €29,684 | -€7,564 | -20.3% |
| Suppliers | 440/4 | €37,248 | €29,684 | -€7,564 | -20.3% |
| Taxes, remuneration and social security | 45 | €12,188 | €28,817 | +€16,629 | +136% |
| Taxes | 450/3 | €4,058 | €586 | -€3,473 | -85.6% |
| Remuneration and social security | 454/9 | €8,130 | €28,232 | +€20,102 | +247% |
| Other amounts payable | 47/48 | €4,000 | €4,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €146,356 | €172,506 | +€26,150 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,832 | €22,548 | -€284 | -1.2% |
| Other operating charges | 640/8 | €8,309 | €5,362 | -€2,947 | -35.5% |
| Gross operating margin | 9900 | €199,040 | €200,125 | +€1,085 | +0.5% |
| Operating profit (loss) | 9901 | €21,543 | -€291 | -€21,834 | |
| Financial charges | 65/66B | €5,147 | €4,269 | -€877 | -17.0% |
| Recurring financial charges | 65 | €5,147 | €4,269 | -€877 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €16,397 | -€4,560 | -€20,957 | |
| Income taxes | 67/77 | €1,170 | €74 | -€1,096 | -93.6% |
| Profit (loss) for the period | 9904 | €15,226 | -€4,635 | -€19,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,226 | -€4,635 | -€19,861 |
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 20 October 2026 via checked.be.